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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenue $ 287,497 $ 274,016 $ 566,260 $ 540,867
Operating expenses:        
Salaries, wages, and related expenses 106,373 101,280 206,708 200,439
Fuel expense 29,093 31,428 60,045 65,519
Operations and maintenance 15,552 16,235 29,148 33,344
Revenue equipment rentals and purchased transportation 62,755 67,983 129,506 130,999
Operating taxes and licenses 2,283 3,317 5,644 6,780
Insurance and claims 17,148 11,043 32,538 23,736
Communications and utilities 1,272 1,215 2,675 2,499
General supplies and expenses 14,477 12,775 35,307 26,395
Depreciation and amortization 22,130 18,944 43,238 33,519
Loss (gain) on disposition of property and equipment, net 837 (1,987) 1,539 (11,778)
Total operating expenses 271,920 262,233 546,348 511,452
Operating income 15,577 11,783 19,912 29,415
Interest expense, net 3,799 2,124 7,137 2,893
Income from equity method investment (4,094) (5,381) (7,770) (11,324)
Income before income taxes 15,872 15,040 20,545 37,846
Income tax expense 3,828 2,897 4,677 9,218
Income from continuing operations, net of tax 12,044 12,143 15,868 28,628
Income from discontinued operations, net of tax 150 150 300 300
Net income $ 12,194 $ 12,293 $ 16,168 $ 28,928
Basic income per share: (1)        
Income from continuing operations (in dollars per share) $ 0.92 $ 0.94 $ 1.21 $ 2.18
Income from discontinued operations (in dollars per share) 0.01 0.01 0.02 0.02
Net income per share (in dollars per share) [1] 0.93 0.95 1.23 2.2
Diluted income per share: (1)        
Income from continuing operations (in dollars per share) 0.87 0.9 1.15 2.08
Income from discontinued operations (in dollars per share) 0.01 0.01 0.02 0.02
Net income per share (in dollars per share) [1] $ 0.88 $ 0.91 $ 1.17 $ 2.1
Basic weighted average shares outstanding (in shares) 13,146 12,939 13,117 13,150
Diluted weighted average shares outstanding (in shares) 13,831 13,574 13,802 13,766
Cargo and Freight [Member]        
Revenues        
Revenue $ 256,512 $ 243,704 $ 504,197 $ 477,126
Fuel Surcharge [Member]        
Revenues        
Revenue $ 30,985 $ 30,312 $ 62,063 $ 63,741
[1] Total may not sum due to rounding.