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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The tables below present unaudited quarterly financial information for 2013 and 2012:
| 2013
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| (in thousands, except share and per share data)
Operating revenues | $ | 520,687 |  |  | $ | 576,899 |  |  | $ | 623,414 |  |  | $ | 578,549 |
Operating expenses | 544,037 |  |  | 568,482 |  |  | 602,912 |  |  | 565,047 |
Operating income (loss) | (23,350 | ) |  | 8,417 |  |  | 20,502 |  |  | 13,502 |
Other income (expense), net | 47 |  |  | (552 | ) |  | 502 |  |  | 393 |
Income tax provision (benefit) | (9,908 | ) |  | 2,987 |  |  | 7,022 |  |  | 3,549 |
Net income (loss) attributable to Arkansas Best Corporation | $ | (13,395 | ) |  | $ | 4,878 |  |  | $ | 13,982 |  |  | $ | 10,346 |
Earnings (loss) per common share(4) |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.52 | ) |  | $ | 0.18 |  |  | $ | 0.52 |  |  | $ | 0.38 |
Diluted | $ | (0.52 | ) |  | $ | 0.18 |  |  | $ | 0.52 |  |  | $ | 0.38 |
Average common shares outstanding |  |  |  |  |  |  |  |  |  |  |
Basic | 25,638,333 |  |  | 25,694,327 |  |  | 25,736,810 |  |  | 25,785,485 |
Diluted | 25,638,333 |  |  | 25,694,327 |  |  | 25,736,810 |  |  | 25,793,366 |
| 2012
| First Quarter |  | Second Quarter(1) |  | Third Quarter(1) |  | Fourth Quarter(1)
| (in thousands, except share and per share data)
Operating revenues | $ | 440,867 |  |  | $ | 510,543 |  |  | $ | 577,546 |  |  | $ | 537,042 |
Operating expenses | 463,854 |  |  | 503,342 |  |  | 565,313 |  |  | 548,058 |
Operating income (loss) | (22,987 | ) |  | 7,201 |  |  | 12,233 |  |  | (11,016 | )
Other income (expense), net | 451 |  |  | (1,117 | ) |  | (457 | ) |  | (1,300 | )
Income tax provision (benefit)(2) | (4,374 | ) |  | (5,757 | ) |  | 5,258 |  |  | (4,387 | )
Net income (loss) attributable to Arkansas Best Corporation(3) | $ | (18,162 | ) |  | $ | 11,841 |  |  | $ | 6,518 |  |  | $ | (7,929 | )
Earnings (loss) per common share(4) |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.71 | ) |  | $ | 0.44 |  |  | $ | 0.24 |  |  | $ | (0.31 | )
Diluted | $ | (0.71 | ) |  | $ | 0.44 |  |  | $ | 0.24 |  |  | $ | (0.31 | )
Average common shares outstanding |  |  |  |  |  |  |  |  |  |  |
Basic | 25,455,607 |  |  | 25,544,455 |  |  | 25,613,315 |  |  | 25,629,309 |
Diluted | 25,455,607 |  |  | 25,544,455 |  |  | 25,613,315 |  |  | 25,629,309 |
(1) | Includes operations of the Premium Logistics & Expedited Freight Services segment since the June 15, 2012 acquisition of Panther.
(2) | The income tax benefit rates recorded in the first and second quarters of 2012 were significantly affected by changes in the assessment of deferred tax asset valuation allowances as more fully discussed at Note F.
(3) | The fourth quarter of 2012 included an adjustment of $2.7 million, after tax, which is immaterial to prior periods, to correct the reserves for workers’ compensation and third‑party casualty claims.
(4) | The Company uses the two‑class method for calculating earnings per share (see Note M).

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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