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Consolidated Income Statements (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenue:        
Revenue, excluding fuel surcharge revenue $ 929,732 $ 954,974 $ 2,772,054 $ 2,785,737
Fuel surcharge revenue 83,494 109,999 220,849 353,784
Operating revenue 1,013,226 1,064,973 2,992,903 3,139,521
Operating expenses:        
Salaries, wages, and employee benefits 293,098 283,767 868,831 821,747
Operating supplies and expenses 113,750 102,719 291,185 288,070
Fuel 90,464 103,023 252,822 326,598
Purchased transportation 280,041 299,866 830,952 883,354
Rental expense 57,004 59,088 170,326 180,909
Insurance and claims 47,372 52,877 140,888 139,390
Depreciation and amortization of property and equipment 67,245 66,852 198,884 184,194
Amortization of intangibles 4,204 4,204 12,611 12,611
Gain on disposal of property and equipment (5,620) (9,825) (16,909) (23,987)
Communication and utilities 7,130 8,236 20,977 23,134
Operating taxes and licenses 18,685 19,245 55,795 55,104
Total operating expenses 973,373 990,052 2,826,362 2,891,124
Operating income 39,853 74,921 166,541 248,397
Other expenses (income):        
Interest expense 7,384 9,130 23,545 29,627
Derivative interest expense 0 68 0 3,972
Interest income (624) (647) (2,011) (1,825)
Loss on debt extinguishment 0 9,567 0 9,567
Non-cash impairments of non-operating assets 0 0 0 1,480
Legal settlements and reserves 0 0 3,000 6,000
Other income, net (1,223) (752) (3,093) (2,341)
Total other expenses (income), net 5,537 17,366 21,441 46,480
Income before income taxes 34,316 57,555 145,100 201,917
Income tax expense 10,292 21,274 46,275 76,842
Net income $ 24,024 $ 36,281 $ 98,825 $ 125,075
Basic earnings per share $ 0.18 $ 0.25 $ 0.73 $ 0.88
Diluted earnings per share $ 0.18 $ 0.25 $ 0.73 $ 0.87
Shares used in per share calculations        
Basic 132,930 142,801 134,622 142,535
Diluted 134,462 144,132 136,227 144,238