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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 4,483,348 $ 4,421,856 $ 8,895,659 $ 9,033,526
Costs and expenses:        
Personnel expenses 361,222 377,277 740,309 760,383
Other selling, general, and administrative expenses 148,097 155,596 299,606 297,097
Total costs and expenses 4,305,258 4,289,233 8,590,436 8,739,870
Income from operations 178,090 132,623 305,223 293,656
Interest and other income/expense, net (21,525) (18,259) (38,305) (46,524)
Income before provision for income taxes 156,565 114,364 266,918 247,132
Provision for income taxes 30,314 17,048 47,763 34,925
Net income 126,251 97,316 219,155 212,207
Other comprehensive loss (1,313) (6,536) (20,803) (4,059)
Comprehensive income $ 124,938 $ 90,780 $ 198,352 $ 208,148
Basic net income per share (in dollars per share) $ 1.06 $ 0.82 $ 1.84 $ 1.79
Diluted net income per share (in dollars per share) $ 1.05 $ 0.81 $ 1.83 $ 1.77
Basic weighted average shares outstanding (shares) 119,418 118,500 119,381 118,567
Dilutive effect of outstanding stock awards (shares) 502 1,307 351 1,253
Diluted weighted average shares outstanding (shares) 119,920 119,807 119,732 119,820
Transportation        
Revenues:        
Total revenues $ 4,121,930 $ 4,084,827 $ 8,204,518 $ 8,412,792
Costs and expenses:        
Purchased products and services 3,470,383 3,453,560 6,925,379 7,124,591
Sourcing        
Revenues:        
Total revenues 361,418 337,029 691,141 620,734
Costs and expenses:        
Purchased products and services $ 325,556 $ 302,800 $ 625,142 $ 557,799