XML 55 R40.htm IDEA: XBRL DOCUMENT
v2.4.0.8

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Schedule of unaudited quarterly financial information | 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).

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration