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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenue $ 317,377 $ 256,324 $ 608,962 $ 477,213
Operating expenses:        
Salaries, wages, and related expenses 101,103 88,477 196,441 171,062
Fuel expense 48,484 26,372 83,986 49,194
Operations and maintenance 19,845 14,294 37,781 29,013
Revenue equipment rentals and purchased transportation 81,677 75,455 165,338 132,691
Operating taxes and licenses 2,740 2,960 5,480 5,545
Insurance and claims 13,627 9,577 22,806 17,415
Communications and utilities 1,214 1,130 2,384 2,377
General supplies and expenses 8,281 7,752 17,215 15,934
Depreciation and amortization 13,932 13,863 27,377 27,951
Gain on disposition of property and equipment, net (399) (1,888) (566) (2,812)
Total operating expenses 290,504 237,992 558,242 448,370
Operating income 26,873 18,332 50,720 28,843
Interest expense, net 766 708 1,321 1,450
Income from equity method investment (7,076) (3,382) (13,861) (6,342)
Income before income taxes 33,183 21,006 63,260 33,735
Income tax expense 8,657 5,570 16,567 9,716
Income from continuing operations, net of tax 24,526 15,436 46,693 24,019
(Loss) income from discontinued operations, net of tax 0 (19) 0 2,540
Net income $ 24,526 $ 15,417 $ 46,693 $ 26,559
Basic income per share:        
Income from continuing operations (in dollars per share) $ 1.58 $ 0.92 $ 2.91 $ 1.42
(Loss) income from discontinued operations (in dollars per share) 0 0 0 0.15
Net income (in dollars per share) [1] 1.58 0.92 2.91 1.58
Diluted income per share:        
Income from continuing operations (in dollars per share) 1.56 0.91 2.86 1.41
(Loss) income from discontinued operations (in dollars per share) 0 0 0 0.15
Net income (in dollars per share) [1] $ 1.56 $ 0.91 $ 2.86 $ 1.56
Basic weighted average shares outstanding (in shares) 15,514 16,765 16,058 16,858
Diluted weighted average shares outstanding (in shares) 15,761 17,022 16,321 17,052
Cargo and Freight [Member]        
Revenues        
Revenue $ 266,856 $ 231,948 $ 524,470 $ 432,636
Fuel Surcharge [Member]        
Revenues        
Revenue $ 50,521 $ 24,376 $ 84,492 $ 44,577
[1] Sum of the individual amounts may not add due to rounding.