XML 22 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenue $ 210,830 $ 220,459 $ 613,333 $ 654,832
Operating expenses:        
Salaries, wages, and related expenses 78,812 83,687 235,964 238,281
Fuel expense 18,061 28,812 59,264 85,858
Operations and maintenance 11,912 14,742 36,956 44,814
Revenue equipment rentals and purchased transportation 58,604 50,428 151,677 146,267
Operating taxes and licenses 2,979 3,170 9,555 9,719
Insurance and claims 13,317 14,050 40,491 35,755
Communications and utilities 1,306 1,790 4,657 5,268
General supplies and expenses 7,673 7,584 27,568 21,493
Depreciation and amortization 13,428 20,817 51,274 61,230
Gain on disposition of property and equipment, net (2,073) (751) (7,048) (959)
Impairment of long lived property, equipment, and right-of-use assets 0 0 26,569 0
Total operating expenses 204,019 224,329 636,927 647,726
Operating income (loss) 6,811 (3,870) (23,594) 7,106
Interest expense, net 1,935 2,198 5,917 6,048
Income from equity method investment (1,176) (2,138) (971) (7,548)
Income (loss) before income taxes 6,052 (3,930) (28,540) 8,606
Income tax expense (benefit) 1,339 112 (7,000) 3,645
Income (loss) from continuing operations 4,713 (4,042) (21,540) 4,961
Income from discontinued operations, net of tax 2,788 853 4,485 2,354
Net income (loss) $ 7,501 $ (3,189) $ (17,055) $ 7,315
Basic income (loss) per share:        
Income (loss) from continuing operations (in dollars per share) $ 0.28 $ (0.22) $ (1.24) $ 0.27
Income from discontinued operations (in dollars per share) 0.16 0.05 0.26 0.13
Net income (loss)(1) (in dollars per share) [1] 0.44 (0.17) (0.98) 0.40
Diluted income (loss) per share:        
Income (loss) from continuing operations (in dollars per share) 0.27 (0.22) (1.24) 0.27
Income from discontinued operations (in dollars per share) 0.16 0.05 0.26 0.13
Net income (loss)(1) (in dollars per share) [1] $ 0.43 $ (0.17) $ (0.98) $ 0.39
Basic weighted average shares outstanding (in shares) 17,134 18,458 17,435 18,426
Diluted weighted average shares outstanding (in shares) 17,267 18,458 17,435 18,620
Cargo and Freight [Member]        
Revenues        
Revenue $ 196,217 $ 197,377 $ 565,362 $ 583,950
Fuel Surcharge [Member]        
Revenues        
Revenue $ 14,613 $ 23,082 $ 47,971 $ 70,882
[1] Sum of the individual amounts may not add due to rounding.