XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING REVENUES:    
Operating revenues $ 219,448 $ 148,858
OPERATING EXPENSES AND COSTS:    
Salaries, wages and benefits 39,275 33,395
Operating supplies and expenses 31,647 23,555
Rent and purchased transportation 91,376 58,013
Depreciation 14,877 14,352
Insurance and claims 6,863 3,247
Other 4,213 2,726
Gain on sale or disposition of equipment (147) (84)
Total operating expenses and costs 188,104 135,204
OPERATING INCOME 31,344 13,654
NON-OPERATING INCOME 1,929 4,699
INTEREST EXPENSE (1,667) (2,279)
INCOME BEFORE INCOME TAXES 31,606 16,074
FEDERAL AND STATE INCOME TAX EXPENSE:    
Current 3,538 58
Deferred 4,126 4,067
Total federal and state income tax expense 7,664 4,125
Net income $ 23,942 $ 11,949
INCOME PER COMMON SHARE:    
Basic (in dollars per share) $ 1.07 $ 0.52
Diluted (in dollars per share) $ 1.06 $ 0.52
AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in shares) 22,292 22,901
Diluted (in shares) 22,483 23,004
Freight Transportation Service [Member]    
OPERATING REVENUES:    
Operating revenues $ 196,089 $ 135,141
Fuel Surcharge [Member]    
OPERATING REVENUES:    
Operating revenues $ 23,359 $ 13,717