Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Comprehensive Income

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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating revenue $ 1,410,395 $ 1,320,886 $ 1,169,346
Operating expenses:      
Purchased transportation 639,007 613,636 545,091
Salaries, wages and employee benefits 335,163 300,230 265,842
Operating leases 82,010 75,677 63,799
Depreciation and amortization 42,109 42,183 41,055
Insurance and claims 45,440 35,180 29,578
Fuel expense 24,221 23,121 16,542
Other operating expenses 123,622 108,828 98,682
Total operating expenses 1,291,572 1,198,855 1,060,589
Income from operations 118,823 122,031 108,757
Other expense:      
Interest expense (2,711) (1,783) (1,209)
Other, net (1) (2) (11)
Total other expense (2,712) (1,785) (1,220)
Income before income taxes 116,111 120,246 107,537
Income taxes 29,012 28,195 20,282
Net income and comprehensive income $ 87,099 $ 92,051 $ 87,255
Net income per share:      
Basic (in dollars per share) $ 3.06 $ 3.14 $ 2.90
Diluted (in dollars per share) 3.04 3.12 2.89
Dividends per share (in dollars per share) $ 0.72 $ 0.63 $ 0.60