XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING REVENUES:        
Operating revenues $ 161,263 $ 92,979 $ 310,122 $ 222,134
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 33,841 27,576 67,237 60,374
Operating supplies and expenses 25,107 18,276 48,663 41,991
Rent and purchased transportation 61,676 30,360 119,689 73,287
Depreciation 14,334 14,237 28,686 28,532
Insurance and claims 3,116 2,515 6,363 2,557
Other 2,772 1,967 5,498 7,811
(Gain) Loss on sale or disposition of equipment (602) 55 (686) 103
Total operating expenses and costs 140,244 94,986 275,450 214,655
OPERATING INCOME (LOSS) 21,019 (2,007) 34,672 7,479
NON-OPERATING INCOME (EXPENSE) 2,117 2,961 6,816 (6,115)
INTEREST EXPENSE (2,193) (2,179) (4,472) (4,391)
INCOME (LOSS) BEFORE INCOME TAXES 20,943 (1,225) 37,016 (3,027)
FEDERAL AND STATE INCOME TAX EXPENSE (BENEFIT):        
Current 169 0 227 0
Deferred 5,457 (402) 9,523 (900)
Total federal and state income tax expense (benefit) 5,626 (402) 9,750 (900)
NET INCOME (LOSS) $ 15,317 $ (823) $ 27,266 $ (2,127)
INCOME (LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ 2.67 $ (0.14) $ 4.76 $ (0.37)
Diluted (in dollars per share) $ 2.66 $ (0.14) $ 4.74 $ (0.37)
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 5,726 5,766 5,726 5,756
Diluted (in shares) 5,755 5,766 5,753 5,756
Freight Transportation Service [Member]        
OPERATING REVENUES:        
Operating revenues $ 145,175 $ 85,765 $ 280,316 $ 197,587
Fuel Surcharge [Member]        
OPERATING REVENUES:        
Operating revenues $ 16,088 $ 7,214 $ 29,806 $ 24,547