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Segment Reporting | 6 Months Ended
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Jun. 30, 2017
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 operates a comprehensive national network that provides expedited regional, inter-regional and national LTL services. The TLS segment provides expedited truckload brokerage, dedicated fleet services and high security and temperature-controlled logistics services. The Intermodal segment primarily provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. Pool Distribution provides high-frequency handling and distribution of time sensitive product to numerous destinations. 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 of the Forward Air Corporation Annual Report on Form 10-K for the year ended December 31, 2016. For workers compensation and vehicle claims each segment is charged an insurance premium and is also charged a deductible that corresponds with our corporate deductibles. However, any losses beyond our deductibles and any loss development factors applied to our outstanding claims as a result of actuarial analysis are not passed to the segments, but reported at the corporate level. Segment data includes intersegment revenues and shared costs. Costs of the corporate headquarters, shared services and shared assets, such as trailers, are allocated to the segments based on usage. The cost basis of shared assets are not allocated. Beginning in the first quarter of 2017, a trailer expense allocation was included in Pool's 2017 results from operations. 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 results from operations 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 and six months ended June 30, 2017 and 2016.
|  | Three months ended June 30, 2017
|  | Expedited LTL |  | Truckload Premium |  | Pool Distribution |  | Intermodal |  | Eliminations & other |  | Consolidated
External revenues |  | $ | 151,640 |  |  | $ | 43,864 |  |  | $ | 36,764 |  |  | $ | 35,250 |  |  | $ | — |  |  | $ | 267,518 |
Intersegment revenues |  | 630 |  |  | 1,322 |  |  | 71 |  |  | 20 |  |  | (2,043 | ) |  | — |
Depreciation and amortization |  | 5,520 |  |  | 1,590 |  |  | 1,613 |  |  | 1,496 |  |  | — |  |  | 10,219 |
Share-based compensation expense |  | 1,731 |  |  | 85 |  |  | 119 |  |  | 129 |  |  | — |  |  | 2,064 |
Interest expense |  | 1 |  |  | — |  |  | — |  |  | 13 |  |  | 222 |  |  | 236 |
Income from operations |  | 22,992 |  |  | 1,859 |  |  | 1,625 |  |  | 3,073 |  |  | 260 |  |  | 29,809 |
Total assets |  | 625,717 |  |  | 57,933 |  |  | 51,214 |  |  | 144,142 |  |  | (219,319 | ) |  | 659,687 |
Capital expenditures |  | 1,756 |  |  | 2 |  |  | 203 |  |  | 49 |  |  | — |  |  | 2,010 |
|  | Three months ended June 30, 2016
|  | Expedited LTL |  | Truckload Premium |  | Pool Distribution |  | Intermodal |  | Eliminations & other |  | Consolidated
External revenues |  | $ | 143,916 |  |  | $ | 39,232 |  |  | $ | 31,365 |  |  | $ | 24,124 |  |  | $ | — |  |  | $ | 238,637 |
Intersegment revenues |  | 778 |  |  | 208 |  |  | 160 |  |  | 65 |  |  | (1,211 | ) |  | — |
Depreciation and amortization |  | 5,278 |  |  | 1,724 |  |  | 1,464 |  |  | 875 |  |  | — |  |  | 9,341 |
Share-based compensation expense |  | 1,842 |  |  | 111 |  |  | 86 |  |  | 120 |  |  | — |  |  | 2,159 |
Interest expense |  | 444 |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 461 |
Income (loss) from operations |  | 24,921 |  |  | (40,282 | ) |  | (371 | ) |  | 2,757 |  |  | (1,373 | ) |  | (14,348 | )
Total assets |  | 634,305 |  |  | 50,289 |  |  | 46,675 |  |  | 122,724 |  |  | (209,566 | ) |  | 644,427 |
Capital expenditures |  | 10,493 |  |  | 1,771 |  |  | 1,009 |  |  | 79 |  |  | — |  |  | 13,352 |
|  | Six months ended June 30, 2017
|  | Expedited LTL |  | Truckload Premium |  | Pool Distribution |  | Intermodal |  | Eliminations & other |  | Consolidated
External revenues |  | $ | 291,652 |  |  | $ | 84,801 |  |  | $ | 74,516 |  |  | $ | 63,530 |  |  | $ | — |  |  | $ | 514,499 |
Intersegment revenues |  | 1,216 |  |  | 2,170 |  |  | 142 |  |  | 31 |  |  | (3,559 | ) |  | — |
Depreciation and amortization |  | 11,084 |  |  | 3,147 |  |  | 3,415 |  |  | 2,606 |  |  | — |  |  | 20,252 |
Share-based compensation expense |  | 3,377 |  |  | 180 |  |  | 207 |  |  | 262 |  |  | — |  |  | 4,026 |
Interest expense |  | 2 |  |  | — |  |  | — |  |  | 24 |  |  | 492 |  |  | 518 |
Income (loss) from operations |  | 41,392 |  |  | 3,563 |  |  | 2,991 |  |  | 5,652 |  |  | (601 | ) |  | 52,997 |
Total assets |  | 625,717 |  |  | 57,933 |  |  | 51,214 |  |  | 144,142 |  |  | (219,319 | ) |  | 659,687 |
Capital expenditures |  | 4,267 |  |  | 8 |  |  | 286 |  |  | 101 |  |  | — |  |  | 4,662 |
|  | Six months ended June 30, 2016
|  | Expedited LTL |  | Truckload Premium |  | Pool Distribution |  | Intermodal |  | Eliminations & other |  | Consolidated
External revenues |  | $ | 277,439 |  |  | $ | 77,648 |  |  | $ | 64,421 |  |  | $ | 48,677 |  |  | $ | — |  |  | $ | 468,185 |
Intersegment revenues |  | 1,633 |  |  | 412 |  |  | 295 |  |  | 136 |  |  | (2,476 | ) |  | — |
Depreciation and amortization |  | 10,808 |  |  | 3,473 |  |  | 2,962 |  |  | 1,766 |  |  | — |  |  | 19,009 |
Share-based compensation expense |  | 3,567 |  |  | 161 |  |  | 167 |  |  | 216 |  |  | — |  |  | 4,111 |
Interest expense |  | 961 |  |  | — |  |  | — |  |  | 54 |  |  | — |  |  | 1,015 |
Income (loss) from operations |  | 42,011 |  |  | (38,717 | ) |  | (257 | ) |  | 5,130 |  |  | (1,110 | ) |  | 7,057 |
Total assets |  | 634,305 |  |  | 50,289 |  |  | 46,675 |  |  | 122,724 |  |  | (209,566 | ) |  | 644,427 |
Capital expenditures |  | 12,571 |  |  | 1,784 |  |  | 1,554 |  |  | 131 |  |  | — |  |  | 16,040 |

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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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