v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenue $ 281,678 $ 302,887 $ 587,235 $ 581,848
Operating expenses:        
Purchased transportation 142,069 143,436 292,667 275,987
Salaries, wages and employee benefits 63,772 63,841 133,331 123,798
Operating leases 17,387 16,124 35,271 31,001
Depreciation and amortization 9,413 9,227 18,747 18,515
Insurance and claims 7,722 11,757 17,766 19,745
Fuel expense 2,519 4,467 6,532 8,582
Other operating expenses 24,882 24,965 53,234 51,448
Total operating expenses 267,764 273,817 557,548 529,076
Income from continuing operations 13,914 29,070 29,687 52,772
Other expense:        
Interest expense (1,198) (581) (2,051) (1,156)
Other, net 0 (1) 0 (2)
Total other expense (1,198) (582) (2,051) (1,158)
Income before income taxes 12,716 28,488 27,636 51,614
Income tax expense 3,491 7,244 6,995 12,683
Net income from continuing operations 9,225 21,244 20,641 38,931
(Loss) income from discontinued operations, net of tax (6,071) 1,086 (9,112) 1,806
Net income and comprehensive income $ 3,154 $ 22,330 $ 11,529 $ 40,737
Basic net income (loss) per share:        
Continuing operations (in dollars per share) $ 0.33 $ 0.74 $ 0.72 $ 1.35
Discontinued operations (in dollars per share) (0.22) 0.04 (0.31) 0.07
Net income per share (in dollars per share) 0.11 0.78 0.41 1.42
Diluted net income (loss) per share:        
Continuing operations (in dollars per share) 0.33 0.74 0.72 1.35
Discontinued operations (in dollars per share) (0.22) 0.04 (0.32) 0.06
Net income per share (in dollars per share) 0.11 0.78 0.40 1.41
Dividends per share:        
Dividends per share (in dollars per share) $ 0.18 $ 0.18 $ 0.36 $ 0.36

Source