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Discontinued Operation and Held for Sale (Tables)

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Weighted Average Assumptions

The weighted-average assumptions under the Monte Carlo simulation model were as follows:

			February 12, 2021
Counterparty credit spread			1.2%
Earnings before interest, taxes, depreciation and amortization discount rate			15.0%
Asset volatility			55.0%

Summarized Held for Sale and Discontinued Operations Financial Information

A summary of the results of operations classified as a discontinued operation, net of tax, in the Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2021 and 2020 is as follows:

			Three Months Ended
			March 31, 2021						March 31, 2020
Operating revenue			$	17,087					$	36,952
Operating expenses:
Purchased transportation			4,290						9,536
Salaries, wages and employee benefits			9,674						17,113
Operating leases			2,907						5,680
Depreciation and amortization			—						1,295
Insurance and claims			929						1,726
Fuel expense			644						1,327
Other operating expenses			2,087						4,345
Total operating expenses			20,531						41,022
Loss from discontinued operation			(3,444)						(4,070)
Loss on sale of business			(2,860)						—
Loss from discontinued operation before income taxes			(6,304)						(4,070)
Income tax benefit			(771)						(1,030)
Loss from discontinued operation, net of tax			$	(5,533)					$	(3,040)

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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