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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | NOTE 19. Selected Quarterly Financial Data (Unaudited) The following table sets forth selected quarterly financial data each of the quarters in 2020 (in thousands, except per share amounts):
| Quarter Ended |
| March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
| 2020 |  |  | 2020 (1) |  |  | 2020 (2) |  |  | 2020 |
Year Ended December 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue | $ | 838,859 |  |  | $ | 779,243 |  |  | $ | 924,812 |  |  | $ | 952,730 |
Gross margin |  | 104,594 |  |  |  | 107,249 |  |  |  | 108,035 |  |  |  | 105,559 |
Operating income |  | 19,759 |  |  |  | 20,978 |  |  |  | 33,917 |  |  |  | 31,172 |
Income before provision for income taxes |  | 17,485 |  |  |  | 18,019 |  |  |  | 31,558 |  |  |  | 29,038 |
Net income |  | 13,236 |  |  |  | 13,154 |  |  |  | 24,781 |  |  |  | 22,388 |
Earnings per share from net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.75 |  |  | $ | 0.67 |
Diluted | $ | 0.40 |  |  | $ | 0.39 |  |  | $ | 0.74 |  |  | $ | 0.67 |
| (1) | We donated refrigerated trailers with a carrying value of approximately $5.4 million during the second quarter of 2020 to be used by emergency responders in fighting the COVID-19 pandemic.
| (2) | We donated an additional $0.2 million of refrigerated trailers during the third quarter of 2020.
The following table sets forth the selected quarterly financial data for each of the quarters in 2019 (in thousands, except per share amounts):
| Quarter Ended |
| March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
| 2019 |  |  | 2019 |  |  | 2019 |  |  | 2019 |
Year Ended December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue | $ | 932,998 |  |  | $ | 921,163 |  |  | $ | 913,275 |  |  | $ | 900,681 |
Gross margin |  | 127,289 |  |  |  | 132,703 |  |  |  | 135,218 |  |  |  | 125,860 |
Operating income |  | 35,589 |  |  |  | 40,721 |  |  |  | 37,246 |  |  |  | 38,864 |
Income before provision for income taxes |  | 32,866 |  |  |  | 38,596 |  |  |  | 35,135 |  |  |  | 37,273 |
Net income |  | 23,894 |  |  |  | 29,217 |  |  |  | 26,105 |  |  |  | 27,955 |
Earnings per share from net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.71 |  |  | $ | 0.87 |  |  | $ | 0.79 |  |  | $ | 0.85 |
Diluted | $ | 0.71 |  |  | $ | 0.87 |  |  | $ | 0.78 |  |  | $ | 0.84 |

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- References No definition available. + Details
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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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