XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES:        
Operating revenues $ 207,412 $ 237,168 $ 429,136 $ 456,616
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 47,828 42,947 96,106 82,222
Operating supplies and expenses 39,716 43,454 81,210 75,101
Rent and purchased transportation 78,329 88,643 165,425 180,019
Depreciation 15,757 15,481 32,254 30,358
Insurance and claims 5,045 7,269 20,059 14,132
Other 7,208 3,905 12,631 8,118
Gain on disposition of equipment (260) (1,214) (836) (1,361)
Total operating expenses and costs 193,623 200,485 406,849 388,589
OPERATING INCOME 13,789 36,683 22,287 68,027
NON-OPERATING INCOME/(EXPENSE) 1,192 (2,872) 2,091 (943)
INTEREST EXPENSE (2,163) (1,998) (4,519) (3,665)
INCOME BEFORE INCOME TAXES 12,818 31,813 19,859 63,419
FEDERAL AND STATE INCOME TAX EXPENSE:        
Current 1,609 2,193 3,980 5,731
Deferred 1,890 5,438 1,329 9,564
Total federal and state income tax expense 3,499 7,631 5,309 15,295
Net income $ 9,319 $ 24,182 $ 14,550 $ 48,124
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.42 $ 1.09 $ 0.66 $ 2.16
Diluted (in dollars per share) $ 0.42 $ 1.08 $ 0.65 $ 2.14
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 22,036 22,268 22,092 22,283
Diluted (in shares) 22,182 22,445 22,253 22,474
Freight Transportation Service [Member]        
OPERATING REVENUES:        
Operating revenues $ 182,082 $ 202,739 $ 375,536 $ 398,828
Fuel Surcharge [Member]        
OPERATING REVENUES:        
Operating revenues $ 25,330 $ 34,429 $ 53,600 $ 57,788