SUPPLEMENTARY DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018, are summarized below (in thousands, except per share data). 

2019	March 31		June 30		September 30		December 31
Revenues:
Transportation	$	3,504,932	$	3,638,612	$	3,608,346	$	3,570,405
Sourcing	246,278		270,228		247,786		222,921
Total revenues	3,751,210		3,908,840		3,856,132		3,793,326
Costs and expenses:
Purchased transportation and related services	2,853,256		2,972,998		2,999,979		3,013,200
Purchased products sourced for resale	219,154		240,626		222,722		201,263
Personnel expenses	340,098		338,886		320,563		298,981
Other selling, general, and administrative expenses	114,152		128,795		111,783		143,076
Total costs and expenses	3,526,660		3,681,305		3,655,047		3,656,520
Income from operations	224,550		227,535		201,085		136,806
Net income	$	161,788	$	169,180	$	146,894	$	99,106
Basic net income per share	$	1.17	$	1.23	$	1.08	$	0.73
Diluted net income per share	$	1.16	$	1.22	$	1.07	$	0.73
Basic weighted average shares outstanding	137,854		137,185		136,380		135,997
Dilutive effect of outstanding stock awards	1,101		1,071		1,096		624
Diluted weighted average shares outstanding	138,955		138,256		137,476		136,621

2018	March 31		June 30		September 30		December 31
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