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v3.25.1

Segment Information | 3 Months Ended
--- | ---
Mar. 29, 2025
Segment Information |
(6) | Segment Information
The Company reports the results of two operating segments: the transportation logistics segment and the insurance segment. The Company’s chief operating decision maker (“CODM”) is our Chief Executive Officer. The CODM evaluates each segment’s performance and makes decisions about resource allocations primarily based on operating income, which is the principal financial metric utilized to monitor budgeted versus actual results by segment of the Company. Asset information by segment is not typically provided to the CODM for purposes of evaluating performance or allocating resources, and therefore such information has not been presented. The following tables summarize information about the Company’s reportable business segments as of and for the thirteen-week periods ended March 29, 2025 and March 30, 2024 (in thousands):
|  | Transportation |  |  |  |  |  |  |
|  | Logistics |  |  | Insurance |  |  | Total |
2025 |  |  |  |  |  |  |  |  |  |  |  |
External revenue |  | $ | 1,137,745 |  |  | $ | 14,757 |  |  | $ | 1,152,502 |
Internal revenue |  |  | — |  |  |  | 11,579 |  |  |  | 11,579 |
Total revenue |  |  | 1,137,745 |  |  |  | 26,336 |  |  |  | 1,164,081 |
Investment income |  |  |  |  |  |  | 3,598 |  |  |  | 3,598 |
Purchased transportation |  |  | 897,878 |  |  |  |  |  |  |  | 897,878 |
Commissions to agents |  |  | 93,314 |  |  |  |  |  |  |  | 93,314 |
Other operating costs, net of gains on asset sales/dispositions |  |  | 11,829 |  |  |  |  |  |  |  | 11,829 |
Insurance and claims |  |  | 33,856 |  |  |  | 17,575 |  |  |  | 51,431 |
Selling, general and administrative |  |  | 59,426 |  |  |  | 2,156 |  |  |  | 61,582 |
Depreciation and amortization |  |  | 12,226 |  |  |  |  |  |  |  | 12,226 |
Operating income |  |  | 29,216 |  |  |  | 10,203 |  |  |  | 39,419 |
Goodwill |  |  | 40,881 |  |  |  |  |  |  |  | 40,881 |
|  | Transportation |  |  |  |  |  |  |
|  | Logistics |  |  | Insurance |  |  | Total |
2024 |  |  |  |  |  |  |  |  |  |  |  |
External revenue |  | $ | 1,154,532 |  |  | $ | 16,511 |  |  | $ | 1,171,043 |
Internal revenue |  |  | — |  |  |  | 12,069 |  |  |  | 12,069 |
Total revenue |  |  | 1,154,532 |  |  |  | 28,580 |  |  |  | 1,183,112 |
Investment income |  |  |  |  |  |  | 3,412 |  |  |  | 3,412 |
Purchased transportation |  |  | 905,521 |  |  |  |  |  |  |  | 905,521 |
Commissions to agents |  |  | 97,282 |  |  |  |  |  |  |  | 97,282 |
Other operating costs, net of gains on asset sales/dispositions |  |  | 14,859 |  |  |  |  |  |  |  | 14,859 |
Insurance and claims |  |  | 26,853 |  |  |  | 11,484 |  |  |  | 38,337 |
Selling, general and administrative |  |  | 53,194 |  |  |  | 3,228 |  |  |  | 56,422 |
Depreciation and amortization |  |  | 14,142 |  |  |  |  |  |  |  | 14,142 |
Operating income |  |  | 42,681 |  |  |  | 17,280 |  |  |  | 59,961 |
Goodwill |  |  | 42,381 |  |  |  |  |  |  |  | 42,381 |
|  | Thirteen Weeks Ended |
|  | March 29, 2025 |  |  | March 30, 2024 |
Operating income |  | $ | 39,419 |  |  | $ | 59,961 |
Interest and debt (income) expense (1) |  |  | (159 | ) |  |  | (1,611 | )
Income before income taxes |  |  | 39,578 |  |  |  | 61,572 |
(1) | Interest and debt (income) expense includes (i) interest income earned on cash balances held by the transportation logistics segment of $1,668 and $2,500 in the 2025 and 2024 thirteen-week periods, respectively and (ii) consolidated total interest expense of $1,509 and $889 in the 2025 and 2024 thirteen-week periods, respectively .
In the thirteen-week periods ended March 29, 2025 and March 30, 2024, no single customer acco u nted for more than 10% of the Company’s consolidated revenue.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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