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v3.22.2.2

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Summary of Segment Information | Segment results from operations for the three and nine months ended September 30, 2022 and 2021 are as follows:
|  | Three Months Ended September 30, 2022
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 395,607 |  |  | $ | 114,416 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 510,023 |
Intersegment revenues |  | 28 |  |  | 5 |  |  |  |  | — |  |  | (33) |  |  | — |
Depreciation |  | 6,331 |  |  | 1,782 |  |  |  |  | — |  |  | — |  |  | 8,113 |
Amortization |  | 1,809 |  |  | 2,347 |  |  |  |  | — |  |  | — |  |  | 4,156 |
Income (loss) from continuing operations |  | 56,304 |  |  | 16,610 |  |  |  |  | (1,249) |  |  | — |  |  | 71,665 |
Purchases of property and equipment |  | 6,434 |  |  | 294 |  |  |  |  | — |  |  | — |  |  | 6,728 |
|  | Three Months Ended September 30, 2021
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 341,461 |  |  | $ | 78,164 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 419,625 |
Intersegment revenues |  | 96 |  |  | 9 |  |  |  |  | — |  |  | (105) |  |  | — |
Depreciation |  | 4,942 |  |  | 841 |  |  |  |  | 16 |  |  | — |  |  | 5,799 |
Amortization |  | 1,842 |  |  | 1,775 |  |  |  |  | — |  |  | — |  |  | 3,617 |
Income (loss) from continuing operations |  | 34,636 |  |  | 8,712 |  |  |  |  | (872) |  |  | — |  |  | 42,476 |
Purchases of property and equipment |  | 13,769 |  |  | 671 |  |  |  |  | — |  |  | — |  |  | 14,440 |
|  | Nine Months Ended September 30, 2022
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 1,180,947 |  |  | $ | 311,256 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,492,203 |
Intersegment revenues |  | 136 |  |  | 16 |  |  |  |  | — |  |  | (152) |  |  | — |
Depreciation |  | 18,010 |  |  | 4,766 |  |  |  |  | 101 |  |  | — |  |  | 22,877 |
Amortization |  | 5,428 |  |  | 6,689 |  |  |  |  | — |  |  | — |  |  | 12,117 |
Income (loss) from continuing operations |  | 167,091 |  |  | 43,005 |  |  |  |  | (5,535) |  |  | — |  |  | 204,561 |
Purchases of property and equipment |  | 24,155 |  |  | 1,246 |  |  |  |  | — |  |  | — |  |  | 25,401 |
|  | Nine Months Ended September 30, 2021
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 996,769 |  |  | $ | 205,786 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,202,555 |
Intersegment revenues |  | 709 |  |  | 34 |  |  |  |  | — |  |  | (800) |  |  | (57) |
Depreciation |  | 14,924 |  |  | 2,475 |  |  |  |  | 42 |  |  | — |  |  | 17,441 |
Amortization |  | 5,437 |  |  | 5,189 |  |  |  |  | — |  |  | — |  |  | 10,626 |
Income (loss) from continuing operations |  | 93,854 |  |  | 21,607 |  |  |  |  | (8,137) |  |  | — |  |  | 107,324 |
Purchases of property and equipment |  | 21,905 |  |  | 1,110 |  |  |  |  | — |  |  | — |  |  | 23,015 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
As of September 30, 2022 |  | $ | 698,313 |  |  | $ | 304,378 |  |  |  |  | $ | 183,409 |  |  | $ | (41) |  |  | $ | 1,186,059 |
As of December 31, 2021 |  | 777,987 |  |  | 249,467 |  |  |  |  | 90,588 |  |  | (219) |  |  | 1,117,823 |
A reconciliation from the segment information to the consolidated balances for revenues is set forth below:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2022 |  | September 30, 2021 |  | September 30, 2022 |  | September 30, 2021
Intersegment revenues - continuing operations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (57) |
Intersegment revenues - discontinued operation |  | — |  |  | — |  |  | — |  |  | 57 |
Consolidated intersegment revenues |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Revenue from the individual services within the Expedited Freight segment for the three and nine months ended September 30, 2022 and 2021 are as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2022 |  | September 30, 2021 |  | September 30, 2022 |  | September 30, 2021
Expedited Freight revenues: |  |  |  |  |  |  |  |
Network |  | $ | 240,482 |  |  | $ | 199,360 |  |  | $ | 726,054 |  |  | $ | 579,373 |
Truckload |  | 55,607 |  |  | 53,651 |  |  | 171,659 |  |  | 162,999 |
Final Mile |  | 76,822 |  |  | 71,355 |  |  | 215,608 |  |  | 203,494 |
Other |  | 22,724 |  |  | 17,191 |  |  | 67,762 |  |  | 51,612 |
Total |  | $ | 395,635 |  |  | $ | 341,557 |  |  | $ | 1,181,083 |  |  | $ | 997,478 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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