Selected Quarterly Financial Data (Unaudited)

12 Months Ended

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