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Segment Reporting | 3 Months Ended
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Mar. 31, 2016
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company operates in four reportable segments based on information available to and used by the chief operating decision maker. Expedited LTL provides time-definite transportation and logistics services to the deferred air freight market. TLX segment provides expedited truckload brokerage, dedicated fleet services and maximum security and temperature-controlled logistics services. Our Intermodal segment provides container and intermodal drayage services. Pool Distribution provides pool distribution services primarily to regional and national distributors and retailers. During the first quarter of 2016, we changed our reporting segments to separate our truckload and intermodal businesses from our Expedited LTL service and to aggregate our reporting for truckload services into a single segment. We previously reported three segments: Forward Air, Forward Air Solutions and Total Quality, Inc. Consequently, we now report four segments: Expedited LTL, Truckload Expedited Services (“TLX”), Intermodal and Pool Distribution. All prior year segment amounts have been restated to reflect this new reporting structure. Except for certain insurance activity, the accounting policies of the segments are the same as those described in the summary of significant accounting policies disclosed in Note 1 to the Consolidated Financial Statements included in the Company’s 2015 Annual Report on Form 10-K. For workers compensation and vehicle claims each segment is charged an insurance premium and is also charged a deductible that corresponds with the our corporate deductibles disclosed in Note 1 to the Consolidated Financial Statements included in the Company’s 2015 Annual Report on Form 10-K. However, any losses beyond our deductibles and any loss development factors applied to our outstanding claims as a result of actuary analysis are not passed to the segments, but kept at the corporate level. Segment data includes intersegment revenues. Assets and costs of the corporate headquarters are allocated to the segments based on usage. The Company evaluates the performance of its segments based on income from operations. The Company’s business is conducted in the U.S. and Canada. The following tables summarize segment information about net income and assets used by the chief operating decision maker of the Company in making decisions regarding allocation of assets and resources as of and for the three months ended March 31, 2016 and 2015.
|  | Three months ended March 31, 2016
|  | Expedited LTL |  | Truckload Expedited |  | Pool Distribution |  | Intermodal |  | Eliminations & other |  | Consolidated
External revenues |  | $ | 133,522 |  |  | $ | 38,417 |  |  | $ | 33,057 |  |  | $ | 24,553 |  |  | $ | — |  |  | $ | 229,549 |
Intersegment revenues |  | 855 |  |  | 205 |  |  | 135 |  |  | 71 |  |  | (1,266 | ) |  | — |
Depreciation and amortization |  | 5,548 |  |  | 1,740 |  |  | 1,485 |  |  | 895 |  |  | — |  |  | 9,668 |
Share-based compensation expense |  | 1,574 |  |  | 155 |  |  | 150 |  |  | 73 |  |  | — |  |  | 1,952 |
Interest expense |  | 509 |  |  | — |  |  | — |  |  | 36 |  |  | 8 |  |  | 553 |
Income from operations |  | 17,179 |  |  | 1,470 |  |  | 114 |  |  | 2,372 |  |  | 270 |  |  | 21,405 |
Total assets |  | 635,283 |  |  | 90,678 |  |  | 47,877 |  |  | 120,251 |  |  | (205,036 | ) |  | 689,053 |
Capital expenditures |  | 2,078 |  |  | 13 |  |  | 545 |  |  | 52 |  |  | — |  |  | 2,688 |
|  | Three months ended March 31, 2015
|  | Expedited LTL |  | Truckload Expedited |  | Pool Distribution |  | Intermodal |  | Eliminations & other |  | Consolidated
External revenues |  | $ | 121,477 |  |  | $ | 34,266 |  |  | $ | 27,045 |  |  | $ | 22,963 |  |  | $ | 167 |  |  | $ | 205,918 |
Intersegment revenues |  | 807 |  |  | 217 |  |  | 183 |  |  | 66 |  |  | (1,273 | ) |  | — |
Depreciation and amortization |  | 4,576 |  |  | 1,373 |  |  | 1,539 |  |  | 969 |  |  | 227 |  |  | 8,684 |
Share-based compensation expense |  | 1,548 |  |  | 169 |  |  | 32 |  |  | 37 |  |  | — |  |  | 1,786 |
Interest expense |  | 112 |  |  | — |  |  | — |  |  | 23 |  |  | 229 |  |  | 364 |
Income from operations |  | 14,885 |  |  | 3,211 |  |  | 216 |  |  | 1,989 |  |  | (12,052 | ) |  | 8,249 |
Total assets |  | 682,247 |  |  | 86,565 |  |  | 44,439 |  |  | 108,309 |  |  | (206,432 | ) |  | 715,128 |
Capital expenditures |  | 2,694 |  |  | 2,242 |  |  | 190 |  |  | 103 |  |  | — |  |  | 5,229 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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