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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUES:        
Operating revenues $ 252,630 $ 183,085 $ 709,246 $ 493,206
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 50,847 34,937 133,069 102,173
Operating supplies and expenses 48,071 25,712 123,156 74,375
Rent and purchased transportation 93,501 72,698 273,521 192,387
Depreciation 16,289 12,740 46,647 41,426
Insurance and claims 5,149 3,443 19,281 9,806
Other 4,579 3,008 12,712 8,505
Gain on disposition of equipment (1,301) (276) (2,662) (962)
Total operating expenses and costs 217,135 152,262 605,724 427,710
OPERATING INCOME 35,495 30,823 103,522 65,496
NON-OPERATING (EXPENSE) INCOME (1,886) 37 (2,829) 6,853
INTEREST EXPENSE (1,922) (1,899) (5,587) (6,372)
INCOME BEFORE INCOME TAXES 31,687 28,961 95,106 65,977
FEDERAL AND STATE INCOME TAX EXPENSE:        
Current 4,462 2,141 10,193 2,368
Deferred 2,659 5,461 12,223 14,984
Total federal and state income tax expense 7,121 7,602 22,416 17,352
Net income $ 24,566 $ 21,359 $ 72,690 $ 48,625
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 1.10 $ 0.94 $ 3.26 $ 2.13
Diluted (in dollars per share) $ 1.09 $ 0.93 $ 3.24 $ 2.12
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 22,263 22,724 22,276 22,842
Diluted (in shares) 22,440 22,860 22,468 22,962
Freight Transportation Service [Member]        
OPERATING REVENUES:        
Operating revenues $ 216,475 $ 166,331 $ 615,303 $ 446,647
Fuel Surcharge [Member]        
OPERATING REVENUES:        
Operating revenues $ 36,155 $ 16,754 $ 93,943 $ 46,559