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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenue $ 212,384 $ 212,090 $ 431,030 $ 411,113
Operating expenses (income):        
Salaries, wages and benefits 73,476 68,613 146,237 132,137
Purchased transportation 36,165 38,668 76,610 76,917
Fuel and fuel taxes 20,868 30,952 49,165 58,629
Supplies and maintenance 11,833 11,502 24,061 22,623
Depreciation 25,972 23,462 51,399 46,005
Operating taxes and licenses 2,615 2,438 5,254 4,771
Insurance and claims 11,633 9,862 23,917 19,737
Communications and utilities 1,977 1,950 3,962 3,900
Gain on disposition of revenue equipment (2,216) (1,230) (3,771) (2,778)
Other 4,805 5,929 10,908 11,495
Total operating expenses 187,128 192,146 387,742 373,436
Operating income 25,256 19,944 43,288 37,677
Other (13) (395) (110) (673)
Income before income taxes 25,269 20,339 43,398 38,350
Income taxes expense 7,135 5,149 11,546 9,614
Net income $ 18,134 $ 15,190 $ 31,852 $ 28,736
Basic earnings per common share (in dollars per share) $ 0.33 $ 0.28 $ 0.58 $ 0.53
Diluted earnings per common share (in dollars per share) 0.33 0.28 0.58 0.52
Dividends declared per common share (in dollars per share) $ 0.04 $ 0.03 $ 0.08 $ 0.06
Pro Forma [Member]        
Operating expenses (income):        
Net income $ 18,134 $ 15,190 $ 31,852 $ 28,736
Basic earnings per common share (in dollars per share) $ 0.22 $ 0.19 $ 0.39 $ 0.35
Diluted earnings per common share (in dollars per share) 0.22 0.18 0.38 0.35
Dividends declared per common share (in dollars per share) $ 0.027 $ 0.02 $ 0.053 $ 0.04