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Consolidated Condensed Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
OPERATING REVENUE $ 151,135 $ 125,862 $ 288,991 $ 251,674
OPERATING EXPENSES (INCOME):        
Salaries, wages and benefits 36,413 31,984 70,512 64,386
Purchased transportation 29,991 26,346 58,008 54,105
Fuel and fuel taxes 39,915 28,167 75,255 55,760
Supplies and maintenance 9,774 8,597 19,436 17,607
Depreciation 14,084 12,612 27,600 25,649
Operating taxes and licenses 1,516 1,574 2,933 3,079
Insurance and claims 4,412 3,984 8,713 7,836
Communications and utilities 1,106 1,054 2,228 1,867
Gain on disposition of revenue equipment (967) (429) (1,735) (628)
Other 3,532 2,780 7,073 5,786
Total operating expenses 139,776 116,669 270,023 235,447
OPERATING INCOME 11,359 9,193 18,968 16,227
NET INTEREST (INCOME) EXPENSE (7) 26 12 (80)
INCOME BEFORE INCOME TAXES 11,366 9,167 18,956 16,307
Less: Income before income taxes attributable to noncontrolling interest 253 1 390 57
INCOME BEFORE INCOME TAXES ATTRIBUTABLE TO MARTEN TRANSPORT, LTD. 11,113 9,166 18,566 16,250
PROVISION FOR INCOME TAXES 4,919 4,008 8,277 7,200
NET INCOME $ 6,194 $ 5,158 $ 10,289 $ 9,050
BASIC EARNINGS PER COMMON SHARE (in Dollars per share) $ 0.28 $ 0.24 $ 0.47 $ 0.41
DILUTED EARNINGS PER COMMON SHARE (in Dollars per share) $ 0.28 $ 0.23 $ 0.47 $ 0.41
DIVIDENDS PAID PER COMMON SHARE (in Dollars per share) $ 0.02   $ 0.04