Basis of Presentation

9 Months Ended

Sep. 30, 2012

Basis of Presentation [Abstract]

Basis of Presentation

1.    Basis of Presentation

The accompanying unaudited consolidated condensed financial statements include Frozen Food Express Industries, Inc., a Texas corporation, and our subsidiary companies, all of which are wholly-owned (collectively, the "Company").  Our statements have been prepared by management in accordance with generally accepted accounting principles in the United States of America ("US GAAP") for interim financial statements, and therefore do not include all information and disclosures required by US GAAP for complete financial statements.  In the opinion of management, such statements reflect all adjustments consisting of normal recurring adjustments considered necessary to fairly present our consolidated financial position, results of operations, comprehensive income, shareholders' equity and cash flows for the interim periods presented. The results of operations for any interim period do not necessarily indicate the results for the full year. In the third quarter 2012, the Company recorded adjustments decreasing the loss from operations by $967,000 and $995,000 for the three month and nine month periods ended September 30, 2012, respectively.  These adjustments related to correcting the calculations of the gains on sale of equipment for tire salvage values and to correcting certain self-insurance reserve calculations during prior periods.  Management believes that the adjustments were not material to the Company's financial statements for any period.  The unaudited interim consolidated condensed financial statements should be read with reference to the consolidated financial statements and notes to consolidated financial statements in our 2011 Annual Report on Form 10-K.  All intercompany balances and transactions have been eliminated in consolidation.