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Quarterly Financial Data
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Quarterly Financial Data
Con-way Inc.
Quarterly Financial Data
(Unaudited)
 
(Dollars in thousands, except per share data)
 
March 31
 
June 30
 
September 30
 
December 31
2012 - Quarter Ended
 

 

 

 

Operating Results
 

 

 

 

Revenues
 
$
1,366,161

 
$
1,446,096

 
$
1,404,113

 
$
1,363,877

Operating Income [a]
 
55,690

 
80,143

 
55,213

 
37,795

Income before Income Tax Provision
 
41,422

 
64,697

 
41,158

 
23,677

Income Tax Provision
 
15,776

 
22,897

 
15,854

 
11,881

Net Income
 
25,646

 
41,800

 
25,304

 
11,796

Per Common Share
 

 

 

 

Basic Earnings
 
0.46

 
0.75

 
0.45

 
0.21

Diluted Earnings
 
0.46

 
0.74

 
0.45

 
0.21

Market Price
 

 

 

 

High
 
34.69

 
38.78

 
37.30

 
29.91

Low
 
28.26

 
30.89

 
26.51

 
25.97

Cash Dividends
 
0.10

 
0.10

 
0.10

 
0.10

2011 - Quarter Ended
 

 

 

 

Operating Results
 

 

 

 

Revenues
 
$
1,245,627

 
$
1,348,549

 
$
1,377,079

 
$
1,318,698

Operating Income [a]
 
36,696

 
60,165

 
61,125

 
49,942

Income before Income Tax Provision
 
21,361

 
45,444

 
47,606

 
33,661

Income Tax Provision [b]
 
14,439

 
16,022

 
18,478

 
10,690

Net Income
 
6,922

 
29,422

 
29,128

 
22,971

Per Common Share
 

 

 

 

Basic Earnings
 
0.13

 
0.53

 
0.52

 
0.41

Diluted Earnings
 
0.12

 
0.52

 
0.52

 
0.41

Market Price
 

 

 

 

High
 
39.78

 
40.36

 
42.38

 
30.71

Low
 
30.56

 
35.42

 
21.32

 
20.56

Cash Dividends
 
0.10

 
0.10

 
0.10

 
0.10

[a]
The comparability of Con-way's consolidated operating income was affected by the following unusual income or expense:
 
-
A gain of $3.9 million at Con-way Freight in the second quarter of 2012 from the sale of excess properties.
 
-
A gain of $10.0 million in the fourth quarter of 2011 resulting from a purchase-price adjustment to settle a dispute associated with the 2007 acquisition of Chic Logistics.
[b]
The comparability of Con-way's income tax provision was affected by the following:
 
-
The first quarter of 2011 reflects a $5.9 million charge in connection with an IRS audit settlement.