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SUPPLEMENTARY DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
SUPPLEMENTARY DATA (UNAUDITED) | SUPPLEMENTARY DATA (UNAUDITED) Our unaudited results of operations for each of the quarters in the years ended December 31, 2019 and 2018, are summarized below (in thousands, except per share data).
2019 | March 31 |  | June 30 |  | September 30 |  | December 31
Revenues: |  |  |  |  |  |  |
Transportation | $ | 3,504,932 |  |  | $ | 3,638,612 |  |  | $ | 3,608,346 |  |  | $ | 3,570,405 |
Sourcing | 246,278 |  |  | 270,228 |  |  | 247,786 |  |  | 222,921 |
Total revenues | 3,751,210 |  |  | 3,908,840 |  |  | 3,856,132 |  |  | 3,793,326 |
Costs and expenses: |  |  |  |  |  |  |
Purchased transportation and related services | 2,853,256 |  |  | 2,972,998 |  |  | 2,999,979 |  |  | 3,013,200 |
Purchased products sourced for resale | 219,154 |  |  | 240,626 |  |  | 222,722 |  |  | 201,263 |
Personnel expenses | 340,098 |  |  | 338,886 |  |  | 320,563 |  |  | 298,981 |
Other selling, general, and administrative expenses | 114,152 |  |  | 128,795 |  |  | 111,783 |  |  | 143,076 |
Total costs and expenses | 3,526,660 |  |  | 3,681,305 |  |  | 3,655,047 |  |  | 3,656,520 |
Income from operations | 224,550 |  |  | 227,535 |  |  | 201,085 |  |  | 136,806 |
Net income | $ | 161,788 |  |  | $ | 169,180 |  |  | $ | 146,894 |  |  | $ | 99,106 |
Basic net income per share | $ | 1.17 |  |  | $ | 1.23 |  |  | $ | 1.08 |  |  | $ | 0.73 |
Diluted net income per share | $ | 1.16 |  |  | $ | 1.22 |  |  | $ | 1.07 |  |  | $ | 0.73 |
Basic weighted average shares outstanding | 137,854 |  |  | 137,185 |  |  | 136,380 |  |  | 135,997 |
Dilutive effect of outstanding stock awards | 1,101 |  |  | 1,071 |  |  | 1,096 |  |  | 624 |
Diluted weighted average shares outstanding | 138,955 |  |  | 138,256 |  |  | 137,476 |  |  | 136,621 |
2018 |  | March 31 |  | June 30 |  | September 30 |  | December 31
Revenues: |  |  |  |  |  |  |  |
Transportation |  | $ | 3,637,640 |  |  | $ | 3,953,139 |  |  | $ | 4,028,392 |  |  | $ | 3,896,750 |
Sourcing |  | 287,687 |  |  | 322,898 |  |  | 263,508 |  |  | 241,158 |
Total revenues |  | 3,925,327 |  |  | 4,276,037 |  |  | 4,291,900 |  |  | 4,137,908 |
Costs and expenses: |  |  |  |  |  |  |  |
Purchased transportation and related services |  | 3,041,602 |  |  | 3,313,196 |  |  | 3,359,520 |  |  | 3,207,859 |
Purchased products sourced for resale |  | 257,800 |  |  | 291,358 |  |  | 238,336 |  |  | 216,266 |
Personnel expenses |  | 328,297 |  |  | 340,630 |  |  | 335,299 |  |  | 339,316 |
Other selling, general, and administrative expenses |  | 106,043 |  |  | 111,845 |  |  | 112,772 |  |  | 118,950 |
Total costs and expenses |  | 3,733,742 |  |  | 4,057,029 |  |  | 4,045,927 |  |  | 3,882,391 |
Income from operations |  | 191,585 |  |  | 219,008 |  |  | 245,973 |  |  | 255,517 |
Net income |  | $ | 142,297 |  |  | $ | 159,163 |  |  | $ | 175,895 |  |  | $ | 187,150 |
Basic net income per share |  | $ | 1.02 |  |  | $ | 1.14 |  |  | $ | 1.27 |  |  | $ | 1.36 |
Diluted net income per share |  | $ | 1.01 |  |  | $ | 1.13 |  |  | $ | 1.25 |  |  | $ | 1.34 |
Basic weighted average shares outstanding |  | 140,032 |  |  | 139,464 |  |  | 138,797 |  |  | 137,797 |
Dilutive effect of outstanding stock awards |  | 1,238 |  |  | 1,147 |  |  | 1,363 |  |  | 1,385 |
Diluted weighted average shares outstanding |  | 141,270 |  |  | 140,611 |  |  | 140,160 |  |  | 139,182 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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