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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES:        
Revenue, before fuel surcharge $ 93,457 $ 95,926 $ 280,157 $ 288,496
Fuel surcharge 15,442 13,467 46,792 36,002
Total operating revenues 108,899 109,393 326,949 324,498
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 24,718 28,167 75,885 83,490
Operating supplies and expenses 19,502 21,155 59,144 61,315
Rent and purchased transportation 44,000 40,013 130,840 118,119
Depreciation 10,177 10,166 31,333 29,011
Insurance and claims 4,232 3,609 13,367 12,158
Other 2,371 1,937 6,791 6,121
Loss (gain) on disposition of equipment 131 (949) 261 (3,951)
Total operating expenses and costs 105,131 104,098 317,621 306,263
OPERATING INCOME 3,768 5,295 9,328 18,235
NON-OPERATING INCOME 2,767 1,235 5,469 1,203
INTEREST EXPENSE (920) (927) (2,832) (2,659)
INCOME BEFORE INCOME TAXES 5,615 5,603 11,965 16,779
FEDERAL AND STATE INCOME TAX EXPENSE:        
Current 116 115 249 168
Deferred 2,053 2,037 4,378 6,233
Total federal and state income tax expense 2,169 2,152 4,627 6,401
NET INCOME $ 3,446 $ 3,451 $ 7,338 $ 10,378
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.54 $ 0.54 $ 1.15 $ 1.55
Diluted (in dollars per share) $ 0.54 $ 0.53 $ 1.14 $ 1.54
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 6,326 6,439 6,368 6,703
Diluted (in shares) 6,373 6,458 6,413 6,725