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SUPPLEMENTARY DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
SUPPLEMENTARY DATA (UNAUDITED)
SUPPLEMENTARY DATA (UNAUDITED)
Our unaudited results of operations for each of the quarters in the years ended December 31, 2015 and 2014, are summarized below (in thousands, except per share data). 
2015
 
March 31
 
June 30
 
September 30
 
December 31
Revenues:
 
 
 
 
 
 
 
 
Transportation (1)
 
$
2,947,257

 
$
3,130,722

 
$
3,044,500

 
$
2,867,301

Sourcing
 
353,633

 
414,366

 
374,753

 
343,552

Total revenues
 
3,300,890

 
3,545,088

 
3,419,253

 
3,210,853

Costs and expenses:
 
 
 
 
 
 
 
 
Purchased transportation and related services (1)
 
2,452,112

 
2,582,374

 
2,484,409

 
2,323,376

Purchased products sourced for resale
 
323,668

 
378,696

 
346,269

 
316,700

Personnel expenses
 
255,144

 
263,999

 
264,077

 
268,190

Other selling, general, and administrative expenses
 
88,041

 
90,924

 
91,787

 
88,008

Total costs and expenses
 
3,118,965

 
3,315,993

 
3,186,542

 
2,996,274

Income from operations
 
181,925

 
229,095

 
232,711

 
214,579

Net income
 
$
106,476

 
$
137,208

 
$
139,432

 
$
126,583

Basic net income per share
 
$
0.73

 
$
0.94

 
$
0.96

 
$
0.88

Diluted net income per share
 
$
0.73

 
$
0.94

 
$
0.96

 
$
0.88

Basic weighted average shares outstanding
 
146,204

 
145,515

 
144,578

 
143,484

Dilutive effect of outstanding stock awards
 
179

 
164

 
204

 
660

Diluted weighted average shares outstanding
 
146,383

 
145,679

 
144,782

 
144,144

Market price range of common stock:
 
 
 
 
 
 
 
 
High
 
$
76.18

 
$
73.09

 
$
71.50

 
$
73.34

Low
 
$
67.11

 
$
61.46

 
$
61.64

 
$
59.71

 
2014
 
March 31
 
June 30
 
September 30
 
December 31
Revenues:
 
 
 
 
 
 
 
 
Transportation (1)
 
$
2,806,777

 
$
3,042,102

 
$
3,073,382

 
$
3,014,251

Sourcing
 
335,808

 
460,816

 
393,980

 
342,951

Total revenues
 
3,142,585

 
3,502,918

 
3,467,362

 
3,357,202

Costs and expenses:
 
 
 
 
 
 
 
 
Purchased transportation and related services (1)
 
2,376,388

 
2,555,959

 
2,575,619

 
2,536,440

Purchased products sourced for resale
 
308,962

 
425,922

 
364,179

 
318,946

Personnel expenses
 
220,297

 
238,986

 
244,621

 
235,117

Other selling, general, and administrative expenses
 
79,967

 
81,669

 
79,606

 
78,971

Total costs and expenses
 
2,985,614

 
3,302,536

 
3,264,025

 
3,169,474

Income from operations
 
156,971

 
200,382

 
203,337

 
187,728

Net income
 
$
93,187

 
$
118,596

 
$
124,981

 
$
112,947

Basic net income per share
 
$
0.63

 
$
0.80

 
$
0.85

 
$
0.77

Diluted net income per share
 
$
0.63

 
$
0.80

 
$
0.85

 
$
0.77

Basic weighted average shares outstanding
 
148,517

 
147,826

 
146,646

 
145,856

Dilutive effect of outstanding stock awards
 
491

 
148

 
210

 
794

Diluted weighted average shares outstanding
 
149,008

 
147,974

 
146,856

 
146,650

Market price range of common stock:
 
 
 
 
 
 
 
 
High
 
$
60.31

 
$
64.09

 
$
69.50

 
$
77.49

Low
 
$
50.21

 
$
51.10

 
$
63.09

 
$
63.42

(1) We previously reported revenues and costs from the fees we earn from our cash advance option offered to our contract carriers separately from Transportation revenues. Starting in the first quarter of 2015, on a retrospective basis, we report these payment services revenues and costs as a part of Transportation total revenues and costs.