Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

13. 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
2014 - Quarter Ended
Operating Results
Revenue	$	1,368,843	$	1,492,349	$	1,504,150	$	1,440,727
Operating Income [a]	33,062		102,700		91,375		41,313
Income before Income Tax Provision (Benefit)	19,222		90,768		77,390		23,317
Income Tax Provision (Benefit) [b]	6,329		37,101		31,807		(1,579		)
Net Income	12,893		53,667		45,583		24,896
Per Common Share
Basic Earnings	0.23		0.94		0.79		0.43
Diluted Earnings	0.22		0.93		0.78		0.43
Market Price
High	42.73		50.46		53.53		50.81
Low	37.00		39.54		47.50		40.32
Cash Dividends Paid	0.10		0.10		0.15		0.15
2013 - Quarter Ended
Operating Results
Revenue	$	1,336,164	$	1,381,370	$	1,398,021	$	1,357,801
Operating Income [a]	31,599		76,299		67,675		33,380
Income before Income Tax Provision	16,775		62,849		53,378		21,363
Income Tax Provision	2,770		19,952		22,821		9,669
Net Income	14,005		42,897		30,557		11,694
Per Common Share
Basic Earnings	0.25		0.76		0.54		0.21
Diluted Earnings [c]	0.25		0.75		0.53		0.20
Market Price
High	38.12		39.81		46.04		45.98
Low	29.12		32.25		39.21		38.79
Cash Dividends Paid	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 $3.4 million at Freight in the second quarter of 2014 from the sale of property.

- A charge of $16.0 million in Corporate and Eliminations in the fourth quarter of 2014 for the settlement of a legacy pension plan and a gain of $5.6 million in Corporate and Eliminations in the second quarter of 2013 from the sale of an administrative property.

- A charge of $3.7 million at Logistics in the second quarter of 2013 for an increased reserve on international accounts receivable.

[b] The comparability of Con-way's tax provision and net income was affected by the following:

- A tax benefit of $5.4 million in the fourth quarter of 2014 from a decline in the incremental rate for state taxes.

[c] The sum of the quarterly earnings per share may not equal annual amounts due to differences in the weighted-average number of shares outstanding during the respective period.