v3.21.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Operating revenues $ 420,671 $ 281,678 $ 782,873 $ 587,235
Operating expenses:        
Purchased transportation 215,217 142,069 399,825 292,667
Salaries, wages and employee benefits 84,641 63,772 159,538 133,331
Operating leases 20,370 17,387 39,537 35,271
Depreciation and amortization 9,414 9,413 18,651 18,747
Insurance and claims 10,891 7,722 20,632 17,766
Fuel expense 4,059 2,519 7,761 6,532
Other operating expenses 33,955 24,882 72,081 53,234
Total operating expenses 378,547 267,764 718,025 557,548
Income from continuing operations 42,124 13,914 64,848 29,687
Other expense:        
Interest expense (1,323) (1,198) (2,488) (2,051)
Total other expense (1,323) (1,198) (2,488) (2,051)
Income before income taxes 40,801 12,716 62,360 27,636
Income tax expense 10,124 3,491 14,969 6,995
Net income from continuing operations 30,677 9,225 47,391 20,641
Loss from discontinued operation, net of tax 0 (6,071) (5,533) (9,112)
Net income and comprehensive income $ 30,677 $ 3,154 $ 41,858 $ 11,529
Basic net income (loss) per share        
Continuing operations (in dollars per share) $ 1.12 $ 0.33 $ 1.72 $ 0.72
Discontinued operation (in dollars per share) 0 (0.22) (0.20) (0.31)
Net income per basic share (in dollars per share) 1.12 0.11 1.52 0.41
Diluted net income (loss) per share        
Continuing operations (in dollars per share) 1.11 0.33 1.71 0.72
Discontinued operation (in dollars per share) 0 (0.22) (0.20) (0.32)
Net income per diluted share (in dollars per share) 1.11 0.11 1.51 0.40
Dividends per share (in dollars per share) $ 0.21 $ 0.18 $ 0.42 $ 0.36

Source