SUPPLEMENTARY DATA (UNAUDITED)

Our unaudited results of operations for each of the quarters in the years ended December 31, 2018 and 2017, are summarized below (in thousands, except per share data).



2018	March 31 ⁽¹⁾		June 30 ⁽¹⁾		September 30⁽¹⁾		December 31 ⁽¹⁾
Revenues:
Transportation	$	3,637,640	$	3,953,139	$	4,028,392	$	3,896,750
Sourcing	287,687		322,898		263,508		241,158
Total revenues	3,925,327		4,276,037		4,291,900		4,137,908
Costs and expenses:
Purchased transportation and related services	3,041,602		3,313,196		3,359,520		3,207,859
Purchased products sourced for resale	257,800		291,358		238,336		216,266
Personnel expenses	328,297		340,630		335,299		339,316
Other selling, general, and administrative expenses	106,043		111,845		112,772		118,950
Total costs and expenses	3,733,742		4,057,029		4,045,927		3,882,391
Income from operations	191,585		219,008		245,973		255,517
Net income	$	142,297	$	159,163	$	175,895	$	187,150
Basic net income per share	$	1.02	$	1.14	$	1.27	$	1.36
Diluted net income per share	$	1.01	$	1.13	$	1.25	$	1.34
Basic weighted average shares outstanding	140,032		139,464		138,797		137,797
Dilutive effect of outstanding stock awards	1,238		1,147		1,363		1,385
Diluted weighted average shares outstanding	141,270		140,611		140,160		139,182

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⁽¹⁾ The adoption of ASU 2014-09, Revenue from Contracts with Customers, resulted in an increase to our net income of $2.1 million, $6.6 million, $0.5 million, and reduced our net income by $4.2 million for the quarters ended March 31, June 30, September 30, and December 31, respectively, compared to the accounting standards in effect for 2017.



2017	March 31 ⁽¹⁾		June 30		September 30		December 31 ⁽²⁾
Revenues:
Transportation	$	3,102,043	$	3,319,995	$	3,433,701	$	3,647,167
Sourcing	313,082		390,023		350,750		312,619
Total revenues	3,415,125		3,710,018		3,784,451		3,959,786
Costs and expenses:
Purchased transportation and related services	2,563,885		2,781,355		2,869,616		3,042,434
Purchased products sourced for resale	282,674		354,874		320,989		285,503
Personnel expenses	290,504		284,220		293,204		311,599
Other selling, general, and administrative expenses	90,104		107,749		106,177		109,374
Total costs and expenses	3,227,167		3,528,198		3,589,986		3,748,910
Income from operations	187,958		181,820		194,465		210,876
Net income	$	122,080	$	111,071	$	119,186	$	152,556
Basic net income per share	$	0.86	$	0.79	$	0.85	$	1.09
Diluted net income per share	$	0.86	$	0.78	$	0.85	$	1.08
Basic weighted average shares outstanding	141,484		141,061		140,422		139,572
Dilutive effect of outstanding stock awards	374		526		600		1,152
Diluted weighted average shares outstanding	141,858		141,587		141,022		140,724

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⁽¹⁾ Our provision for income taxes decreased in the first quarter of 2017 by $13.7 million due to our adoption of ASU 2016-09, Compensation - Stock Compensation (Topic 718).

⁽²⁾ Our provision for income taxes decreased in the fourth quarter by $19.7 million due to the benefit of deductions under section 199 of the Internal Revenue Code and $12.1 million due to the impact of the Tax Act.