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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
OPERATING REVENUES:        
Operating revenues $ 182,577 $ 201,502 $ 548,116 $ 630,639
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 44,736 46,032 132,559 142,138
Operating supplies and expenses 34,982 42,378 105,002 123,589
Rent and purchased transportation 73,129 78,595 221,210 244,020
Depreciation 17,741 15,552 55,381 47,805
Insurance and claims 4,768 5,146 15,093 25,205
Other 5,121 5,305 18,052 17,936
Gain on disposition of equipment (209) (339) (109) (1,175)
Total operating expenses and costs 180,268 192,669 547,188 599,518
OPERATING INCOME 2,309 8,833 928 31,121
NON-OPERATING INCOME 3,744 1,638 7,891 3,729
INTEREST EXPENSE (2,936) (2,046) (9,104) (6,565)
INCOME/(LOSS) BEFORE INCOME TAXES 3,117 8,425 (285) 28,285
FEDERAL AND STATE INCOME TAX EXPENSE/(BENEFIT):        
Current 9 (2,313) 68 1,667
Deferred 696 4,641 (136) 5,970
Total federal and state income tax expense/(benefit) 705 2,328 (68) 7,637
Net income $ 2,412 $ 6,097 $ (217) $ 20,648
INCOME/(LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ 0.11 $ 0.28 $ (0.01) $ 0.94
Diluted (in dollars per share) $ 0.11 $ 0.28 $ (0.01) $ 0.93
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) [1] 21,771 22,021 21,911 22,068
Diluted (in shares) [1] 21,825 22,139 21,911 22,219
Freight Transportation Service [Member]        
OPERATING REVENUES:        
Operating revenues $ 160,799 $ 174,348 $ 481,980 $ 549,885
Fuel Surcharge [Member]        
OPERATING REVENUES:        
Operating revenues $ 21,778 $ 27,154 $ 66,136 $ 80,754
[1] As adjusted for the Company’s 2-for-1 forward stock splits paid in August 2021 and March 2022, respectively.