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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenue $ 274,016 $ 317,377 $ 540,867 $ 608,962
Operating expenses:        
Salaries, wages, and related expenses 101,280 101,103 200,439 196,441
Fuel expense 31,428 48,484 65,519 83,986
Operations and maintenance 16,235 19,845 33,344 37,781
Revenue equipment rentals and purchased transportation 67,983 81,677 130,999 165,338
Operating taxes and licenses 3,317 2,740 6,780 5,480
Insurance and claims 11,043 13,627 23,736 22,806
Communications and utilities 1,215 1,214 2,499 2,384
General supplies and expenses 12,775 8,281 26,395 17,215
Depreciation and amortization 18,944 13,932 33,519 27,377
Gain on disposition of property and equipment, net (1,987) (399) (11,778) (566)
Total operating expenses 262,233 290,504 511,452 558,242
Operating income 11,783 26,873 29,415 50,720
Interest expense, net 2,124 766 2,893 1,321
Income from equity method investment (5,381) (7,076) (11,324) (13,861)
Income before income taxes 15,040 33,183 37,846 63,260
Income tax expense 2,897 8,657 9,218 16,567
Income from continuing operations, net of tax 12,143 24,526 28,628 46,693
Income from discontinued operations, net of tax 150 0 300 0
Net income $ 12,293 $ 24,526 $ 28,928 $ 46,693
Basic income per share:        
Income from continuing operations (in dollars per share) $ 0.94 $ 1.58 $ 2.18 $ 2.91
Income from discontinued operations (in dollars per share) 0.01 0 0.02 0
Net income per share (in dollars per share) [1] 0.95 1.58 2.20 2.91
Diluted income per share:        
Income from continuing operations (in dollars per share) 0.90 1.56 2.08 2.86
Income from discontinued operations (in dollars per share) 0.01 0 0.02 0
Net income per share (in dollars per share) [1] $ 0.91 $ 1.56 $ 2.10 $ 2.86
Basic weighted average shares outstanding (in shares) 12,939 15,514 13,150 16,058
Diluted weighted average shares outstanding (in shares) 13,574 15,761 13,766 16,321
Cargo and Freight [Member]        
Revenues        
Revenue [2] $ 243,704 $ 266,856 $ 477,126 $ 524,470
Fuel Surcharge [Member]        
Revenues        
Revenue $ 30,312 $ 50,521 $ 63,741 $ 84,492
[1] Total may not sum due to rounding.
[2] Total may not sum due to rounding.