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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenue $ 311,839 $ 274,561 $ 920,801 $ 751,775
Operating expenses:        
Salaries, wages, and related expenses 104,537 87,547 300,980 258,609
Fuel expense 42,471 26,174 126,457 75,368
Operations and maintenance 22,468 14,933 60,248 43,946
Revenue equipment rentals and purchased transportation 78,943 92,636 244,281 225,328
Operating taxes and licenses 3,238 2,687 8,718 8,232
Insurance and claims 12,947 11,023 35,752 28,437
Communications and utilities 1,339 947 3,723 3,325
General supplies and expenses 11,201 6,037 28,416 21,972
Depreciation and amortization 14,357 13,365 41,734 41,316
Gain on disposition of property and equipment, net (38,721) (871) (39,287) (3,683)
Total operating expenses 252,780 254,478 811,022 702,850
Operating income 59,059 20,083 109,779 48,925
Interest expense, net 935 724 2,256 2,175
Income from equity method investment (7,400) (3,230) (21,261) (9,572)
Income before income taxes 65,524 22,589 128,784 56,322
Income tax expense 15,563 6,147 32,130 15,863
Income from continuing operations, net of tax 49,961 16,442 96,654 40,459
Income from discontinued operations, net of tax 525 0 525 2,540
Net income $ 50,486 $ 16,442 $ 97,179 $ 42,999
Basic income per share:        
Income from continuing operations (in dollars per share) $ 3.47 $ 0.98 $ 6.24 $ 2.40
Income from discontinued operations (in dollars per share) 0.04 0 0.03 0.15
Net income (in dollars per share) [1] 3.50 0.98 6.27 2.55
Diluted income per share:        
Income from continuing operations (in dollars per share) 3.36 0.97 6.09 2.37
Income from discontinued operations (in dollars per share) 0.04 0 0.03 0.15
Net income (in dollars per share) [1] $ 3.39 $ 0.97 $ 6.12 $ 2.52
Basic weighted average shares outstanding (in shares) 14,405 16,782 15,495 16,832
Diluted weighted average shares outstanding (in shares) 14,892 16,975 15,875 17,041
Cargo and Freight [Member]        
Revenues        
Revenue $ 266,599 $ 250,255 $ 791,069 $ 682,891
Fuel Surcharge [Member]        
Revenues        
Revenue $ 45,240 $ 24,306 $ 129,732 $ 68,884
[1] Sum of the individual amounts may not add due to rounding.