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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING REVENUES:        
Operating revenues $ 237,168 $ 161,263 $ 456,616 $ 310,122
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 42,947 33,841 82,222 67,237
Operating supplies and expenses 43,454 25,107 75,101 48,663
Rent and purchased transportation 88,643 61,676 180,019 119,689
Depreciation 15,481 14,334 30,358 28,686
Insurance and claims 7,269 3,116 14,132 6,363
Other 3,905 2,772 8,118 5,498
Gain on sale or disposition of equipment (1,214) (602) (1,361) (686)
Total operating expenses and costs 200,485 140,244 388,589 275,450
OPERATING INCOME 36,683 21,019 68,027 34,672
NON-OPERATING (EXPENSE) INCOME (2,872) 2,117 (943) 6,816
INTEREST EXPENSE (1,998) (2,193) (3,665) (4,472)
INCOME BEFORE INCOME TAXES 31,813 20,943 63,419 37,016
FEDERAL AND STATE INCOME TAX EXPENSE:        
Current 2,193 169 5,731 227
Deferred 5,438 5,457 9,564 9,523
Total federal and state income tax expense 7,631 5,626 15,295 9,750
Net income $ 24,182 $ 15,317 $ 48,124 $ 27,266
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 1.09 $ 0.67 $ 2.16 $ 1.19
Diluted (in dollars per share) $ 1.08 $ 0.67 $ 2.14 $ 1.18
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 22,268 22,905 22,283 22,903
Diluted (in shares) 22,445 23,020 22,474 23,010
Freight Transportation Service [Member]        
OPERATING REVENUES:        
Operating revenues $ 202,739 $ 145,175 $ 398,828 $ 280,316
Fuel Surcharge [Member]        
OPERATING REVENUES:        
Operating revenues $ 34,429 $ 16,088 $ 57,788 $ 29,806