| Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
The impact of implementing this guidance using the full retrospective approach on the prior period balance sheet and statements of comprehensive income are shown in the "As Adjusted" columns of the following tables:
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As of December 31, 2017 |
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(In thousands) |
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As Previously Reported |
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Adjustments |
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As Adjusted |
Balance Sheet: |
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Accounts receivable, net |
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$ |
143,041 |
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$ |
4,907 |
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$ |
147,948 |
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Accounts payable |
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24,704 |
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6,019 |
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30,723 |
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Deferred income taxes |
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29,403 |
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(323 |
) |
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29,080 |
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Retained earnings |
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337,848 |
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(790 |
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337,058 |
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Year ended December 31, 2017 |
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(In thousands, except per share data) |
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As Previously Reported |
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Adjustments |
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As Adjusted |
Statement of Comprehensive Income: |
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Operating revenue |
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Expedited LTL |
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$ |
619,779 |
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$ |
36,059 |
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$ |
655,838 |
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Truckload Premium Services |
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179,320 |
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22,432 |
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201,752 |
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Intermodal |
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148,907 |
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5,777 |
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154,684 |
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Pool Distribution |
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164,221 |
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4,262 |
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168,483 |
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Eliminations and other operations |
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(11,411 |
) |
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— |
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(11,411 |
) |
Consolidated operating revenue |
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1,100,816 |
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68,530 |
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1,169,346 |
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Operating expenses |
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992,144 |
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68,445 |
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1,060,589 |
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Income from operations |
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108,672 |
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85 |
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108,757 |
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Income taxes |
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20,131 |
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151 |
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20,282 |
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Net income |
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87,321 |
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(66 |
) |
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87,255 |
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Diluted earnings per share |
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$ |
2.89 |
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$ |
— |
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$ |
2.89 |
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Year ended December 31, 2016 |
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(In thousands, except per share data) |
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As Previously Reported |
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Adjustments |
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As Adjusted |
Statement of Comprehensive Income: |
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Operating revenue |
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Expedited LTL |
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$ |
570,778 |
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$ |
25,761 |
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$ |
596,539 |
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Truckload Premium Services |
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164,272 |
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16,735 |
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181,007 |
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Intermodal |
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103,671 |
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1,993 |
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105,664 |
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Pool Distribution |
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148,661 |
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3,191 |
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151,852 |
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Eliminations and other operations |
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(4,852 |
) |
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— |
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(4,852 |
) |
Consolidated operating revenue |
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982,530 |
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47,680 |
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1,030,210 |
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Operating expenses |
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922,551 |
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47,956 |
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970,507 |
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Income from operations |
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59,979 |
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(276 |
) |
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59,703 |
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Income taxes |
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30,716 |
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(111 |
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30,605 |
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Net income |
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27,670 |
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(165 |
) |
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27,505 |
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Diluted earnings per share |
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$ |
0.90 |
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$ |
— |
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$ |
0.90 |
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