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v3.21.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Summary of Segment Information | Segment results from operations for the three and six months ended June 30, 2021 and 2020 are as follows:
|  | Three Months Ended June 30, 2021
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 351,551 |  |  | $ | 69,120 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 420,671 |
Intersegment revenues |  | 184 |  |  | 13 |  |  |  |  | — |  |  | (197) |  |  | — |
Depreciation |  | 4,989 |  |  | 835 |  |  |  |  | 23 |  |  | — |  |  | 5,847 |
Amortization |  | 1,790 |  |  | 1,777 |  |  |  |  | — |  |  | — |  |  | 3,567 |
Income (loss) from continuing operations |  | 34,688 |  |  | 8,386 |  |  |  |  | (950) |  |  | — |  |  | 42,124 |
Purchases of property and equipment |  | 5,724 |  |  | 156 |  |  |  |  | — |  |  | — |  |  | 5,880 |
|  | Three Months Ended June 30, 2020
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 235,417 |  |  | $ | 46,420 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 281,837 |
Intersegment revenues |  | 241 |  |  | 8 |  |  |  |  | — |  |  | (408) |  |  | (159) |
Depreciation |  | 5,009 |  |  | 1,081 |  |  |  |  | 25 |  |  | — |  |  | 6,115 |
Amortization |  | 1,731 |  |  | 1,567 |  |  |  |  | — |  |  | — |  |  | 3,298 |
Income (loss) from continuing operations |  | 11,753 |  |  | 4,413 |  |  |  |  | (2,252) |  |  | — |  |  | 13,914 |
Purchases of property and equipment |  | 11,545 |  |  | 18 |  |  |  |  | — |  |  | — |  |  | 11,563 |
|  | Six Months Ended June 30, 2021
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 655,308 |  |  | $ | 127,622 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 782,930 |
Intersegment revenues |  | 613 |  |  | 25 |  |  |  |  | — |  |  | (695) |  |  | (57) |
Depreciation |  | 9,982 |  |  | 1,634 |  |  |  |  | 26 |  |  | — |  |  | 11,642 |
Amortization |  | 3,595 |  |  | 3,414 |  |  |  |  | — |  |  | — |  |  | 7,009 |
Income (loss) from continuing operations |  | 59,218 |  |  | 12,895 |  |  |  |  | (7,265) |  |  | — |  |  | 64,848 |
Purchases of property and equipment |  | 8,136 |  |  | 439 |  |  |  |  | — |  |  | — |  |  | 8,575 |
|  | Six Months Ended June 30, 2020
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 488,560 |  |  | $ | 98,875 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 587,435 |
Intersegment revenues |  | 727 |  |  | 13 |  |  |  |  | — |  |  | (940) |  |  | (200) |
Depreciation |  | 9,916 |  |  | 2,134 |  |  |  |  | 43 |  |  | — |  |  | 12,093 |
Amortization |  | 3,519 |  |  | 3,135 |  |  |  |  | — |  |  | — |  |  | 6,654 |
Income (loss) from continuing operations |  | 26,933 |  |  | 8,126 |  |  |  |  | (5,372) |  |  | — |  |  | 29,687 |
Purchases of property and equipment |  | 13,950 |  |  | 264 |  |  |  |  | — |  |  | — |  |  | 14,214 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
As of June 30, 2021 |  | $ | 767,222 |  |  | $ | 209,266 |  |  |  |  | $ | 105,459 |  |  | $ | (106) |  |  | $ | 1,081,841 |
As of December 31, 2020 |  | 905,081 |  |  | 221,963 |  |  |  |  | 47,641 |  |  | (201,391) |  |  | 973,294 |
A reconciliation from the segment information to the consolidated balances for revenues and total assets is set forth below:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Intersegment revenues - continuing operations |  | $ | — |  |  | $ | (159) |  |  | $ | (57) |  |  | $ | (200) |
Intersegment revenues - discontinued operation |  | — |  |  | 159 |  |  | 57 |  |  | 200 |
Consolidated intersegment revenues |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | June 30, 2021 |  | December 31, 2020
Segment assets - continuing operations |  | $ | 1,081,841 |  |  | $ | 973,294 |
Current assets held for sale |  | — |  |  | 21,002 |
Noncurrent assets held for sale |  | — |  |  | 53,097 |
Consolidated total assets |  | $ | 1,081,841 |  |  | $ | 1,047,393 |
Revenue from the individual services within the Expedited Freight segment for the three and six months ended June 30, 2021 and 2020 are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Expedited Freight revenues: |  |  |  |  |  |  |  |
Network |  | $ | 210,088 |  |  | $ | 134,173 |  |  | $ | 388,715 |  |  | $ | 286,182 |
Truckload |  | 56,968 |  |  | 41,857 |  |  | 109,348 |  |  | 89,384 |
Final Mile |  | 69,883 |  |  | 53,427 |  |  | 132,139 |  |  | 101,229 |
Other |  | 14,796 |  |  | 6,201 |  |  | 25,719 |  |  | 12,492 |
Total |  | $ | 351,735 |  |  | $ | 235,658 |  |  | $ | 655,921 |  |  | $ | 489,287 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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