| Summary of segment information |
t.
The following tables summarize segment information from continuing operations for the three and six months ended June 30, 2020 and 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2020 |
|
|
Expedited Freight |
|
Intermodal |
|
Eliminations & other |
|
Continuing Operations |
External revenues |
|
$ |
235,417 |
|
|
$ |
46,420 |
|
|
$ |
— |
|
|
$ |
281,837 |
|
Intersegment revenues |
|
241 |
|
|
8 |
|
|
(408 |
) |
|
(159 |
) |
Depreciation |
|
5,009 |
|
|
1,081 |
|
|
25 |
|
|
6,115 |
|
Amortization |
|
1,731 |
|
|
1,567 |
|
|
— |
|
|
3,298 |
|
Share-based compensation expense |
|
2,062 |
|
|
472 |
|
|
(105 |
) |
|
2,429 |
|
Interest expense |
|
3 |
|
|
59 |
|
|
1,136 |
|
|
1,198 |
|
Income (loss) from operations |
|
11,753 |
|
|
4,413 |
|
|
(2,252 |
) |
|
13,914 |
|
Total assets |
|
912,814 |
|
|
212,923 |
|
|
(139,702 |
) |
|
986,035 |
|
Capital expenditures |
|
11,545 |
|
|
18 |
|
|
— |
|
|
11,563 |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2019 (As Adjusted) |
|
|
Expedited Freight |
|
Intermodal |
|
Eliminations & other |
|
Continuing Operations |
External revenues |
|
$ |
252,468 |
|
|
$ |
50,522 |
|
|
$ |
— |
|
|
$ |
302,990 |
|
Intersegment revenues |
|
818 |
|
|
17 |
|
|
(938 |
) |
|
(103 |
) |
Depreciation |
|
6,399 |
|
|
463 |
|
|
(46 |
) |
|
6,816 |
|
Amortization |
|
1,081 |
|
|
1,330 |
|
|
— |
|
|
2,411 |
|
Share-based compensation expense |
|
2,391 |
|
|
443 |
|
|
211 |
|
|
3,045 |
|
Interest expense |
|
2 |
|
|
— |
|
|
579 |
|
|
581 |
|
Income (loss) from operations |
|
28,187 |
|
|
5,245 |
|
|
(4,362 |
) |
|
29,070 |
|
Total assets |
|
687,570 |
|
|
187,815 |
|
|
(20,530 |
) |
|
854,855 |
|
Capital expenditures |
|
11,761 |
|
|
142 |
|
|
— |
|
|
11,903 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2020 |
|
|
Expedited Freight |
|
Intermodal |
|
Eliminations & other |
|
Continuing Operations |
External revenues |
|
$ |
488,560 |
|
|
$ |
98,875 |
|
|
$ |
— |
|
|
$ |
587,435 |
|
Intersegment revenues |
|
727 |
|
|
13 |
|
|
(940 |
) |
|
(200 |
) |
Depreciation |
|
9,916 |
|
|
2,134 |
|
|
43 |
|
|
12,093 |
|
Amortization |
|
3,519 |
|
|
3,135 |
|
|
— |
|
|
6,654 |
|
Share-based compensation expense |
|
4,729 |
|
|
861 |
|
|
(83 |
) |
|
5,507 |
|
Interest expense |
|
6 |
|
|
113 |
|
|
1,932 |
|
|
2,051 |
|
Income (loss) from operations |
|
26,933 |
|
|
8,126 |
|
|
(5,372 |
) |
|
29,687 |
|
Total assets |
|
912,814 |
|
|
212,923 |
|
|
(139,702 |
) |
|
986,035 |
|
Capital expenditures |
|
13,950 |
|
|
264 |
|
|
— |
|
|
14,214 |
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2019 (As Adjusted) |
|
|
Expedited Freight |
|
Intermodal |
|
Eliminations & other |
|
Continuing Operations |
External revenues |
|
$ |
477,421 |
|
|
$ |
104,619 |
|
|
$ |
— |
|
|
$ |
582,040 |
|
Intersegment revenues |
|
1,523 |
|
|
35 |
|
|
(1,750 |
) |
|
(192 |
) |
Depreciation |
|
13,005 |
|
|
932 |
|
|
(86 |
) |
|
13,851 |
|
Amortization |
|
1,927 |
|
|
2,737 |
|
|
— |
|
|
4,664 |
|
Share-based compensation expense |
|
4,560 |
|
|
974 |
|
|
376 |
|
|
5,910 |
|
Interest expense |
|
4 |
|
|
2 |
|
|
1,150 |
|
|
1,156 |
|
Income (loss) from operations |
|
49,093 |
|
|
11,426 |
|
|
(7,747 |
) |
|
52,772 |
|
Total assets |
|
687,570 |
|
|
187,815 |
|
|
(20,530 |
) |
|
854,855 |
|
Capital expenditures |
|
13,999 |
|
|
215 |
|
|
— |
|
|
14,214 |
|
The following table summarizes revenue from the defined services included within Expedited Freight revenue for the three and six months ended June 30, 2020 and 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
|
|
June 30,
2020 |
|
June 30,
2019 |
|
June 30,
2020 |
|
June 30,
2019 |
|
|
|
|
|
|
|
|
|
Expedited freight revenue: |
|
|
|
|
|
|
|
|
Network revenue |
|
$ |
134,173 |
|
|
$ |
172,491 |
|
|
$ |
286,182 |
|
|
$ |
333,841 |
|
Truckload revenue |
|
41,857 |
|
|
48,624 |
|
|
89,384 |
|
|
96,309 |
|
Final mile revenue |
|
53,427 |
|
|
24,957 |
|
|
101,229 |
|
|
34,714 |
|
Other revenue |
|
6,201 |
|
|
7,214 |
|
|
12,492 |
|
|
14,080 |
|
Total revenue |
|
$ |
235,658 |
|
|
$ |
253,286 |
|
|
$ |
489,287 |
|
|
$ |
478,944 |
|
|