ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of summarized fair values of acquired assets and liabilities at the acquisition date

The following table summarizes the fair values of the acquired assets and liabilities at the acquisition date. Measurement period adjustments recorded to Panther’s goodwill during 2013 are presented in Note E.



	Purchase Allocation
	(in thousands)

Accounts receivable	$	31,824
Prepaid expenses	5,205
Deferred income taxes	2,085
Property and equipment (excluding acquired software)	5,678
Software	31,600
Intangible assets	79,000
Other assets	3,866
Total identifiable assets acquired	159,258

Accounts payable	13,344
Accrued expenses and other current liabilities	7,436
Other liabilities	228
Deferred income taxes	29,307
Total liabilities	50,315

Net identifiable assets acquired	108,943
Goodwill	71,096
Cash paid, net of cash acquired	$	180,039

Schedule of unaudited pro forma consolidated results of operations

The following unaudited pro forma supplemental information presents the Company’s consolidated results of operations as if the Panther acquisition had occurred on January 1, 2011:



	Twelve Months Ended December 31
	2012			2011
	(in thousands, except per share data)

Operating revenues	$	2,171,075		$	2,141,057
Income (loss) before income taxes	$	(13,730	)	$	18,852
Net income (loss) attributable to Arkansas Best Corporation	$	(9,180	)	$	11,938
Diluted earnings (loss) per share	$	(0.36	)	$	0.45