v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
|
|
OPERATING REVENUES: |
|
|
Operating revenues |
$ 221,724
|
$ 219,448
|
OPERATING EXPENSES AND COSTS: |
|
|
Salaries, wages and benefits |
48,278
|
39,275
|
Operating supplies and expenses |
41,073
|
31,647
|
Rent and purchased transportation |
87,096
|
91,376
|
Depreciation |
16,497
|
14,877
|
Insurance and claims |
15,435
|
6,863
|
Other |
5,423
|
4,213
|
Gain on sale or disposition of equipment |
(577)
|
(147)
|
Total operating expenses and costs |
213,225
|
188,104
|
OPERATING INCOME |
8,499
|
31,344
|
NON-OPERATING INCOME |
899
|
1,929
|
INTEREST EXPENSE |
(2,356)
|
(1,667)
|
INCOME BEFORE INCOME TAXES |
7,042
|
31,606
|
FEDERAL AND STATE INCOME TAX EXPENSE (BENEFIT): |
|
|
Current |
2,371
|
3,538
|
Deferred |
(560)
|
4,126
|
Total federal and state income tax expense |
1,811
|
7,664
|
Net income |
$ 5,231
|
$ 23,942
|
INCOME PER COMMON SHARE: |
|
|
Basic (in dollars per share) |
$ 0.24
|
$ 1.07
|
Diluted (in dollars per share) |
$ 0.23
|
$ 1.06
|
AVERAGE COMMON SHARES OUTSTANDING: |
|
|
Basic (in shares) |
22,148
|
22,292
|
Diluted (in shares) |
22,317
|
22,483
|
Freight Transportation Service [Member] |
|
|
OPERATING REVENUES: |
|
|
Operating revenues |
$ 193,454
|
$ 196,089
|
Fuel Surcharge [Member] |
|
|
OPERATING REVENUES: |
|
|
Operating revenues |
$ 28,270
|
$ 23,359
|
X |
- DefinitionAmount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line, and expenses incurred for transportation, during the period.
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