Principal Accounting Policies (Policy)

6 Months Ended

Jun. 30, 2011

Principal Accounting Policies

Basis Of Presentation

Basis of Presentation

These interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and Rule 10-01 of Regulation S-X, and should be read in conjunction with Con-way's 2010 Annual Report on Form 10-K. Accordingly, significant accounting policies and other disclosures normally provided have been omitted.

In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, including normal recurring adjustments, necessary to present fairly Con-way's financial condition, results of operations and cash flows for the periods presented. Results for the interim periods presented are not necessarily indicative of annual results.

Earnings Per Share ("EPS")

Earnings per Share ("EPS")

Basic EPS is computed by dividing reported earnings by the weighted-average common shares outstanding. Diluted EPS is calculated as follows:

(Dollars in thousands except per share data)	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Numerator:
Net income available to common
shareholders, as reported	$	29,422	$	13,863	$	36,344	$	9,826
Denominator:
Weighted-average common shares outstanding		55,413,243		51,665,047		55,227,528		50,506,809
Stock options and nonvested stock		722,822		697,360		711,802		677,894
		56,136,065		52,362,407		55,939,330		51,184,703
Diluted earnings per share	$	0.52	$	0.26	$	0.65	$	0.19
Antidilutive securities excluded from the
computation of diluted EPS		2,004,579		1,559,367		2,004,579		1,578,359

Reclassifications

Reclassifications

Certain amounts in the prior-period financial statements have been reclassified to conform to the current-period presentation.