Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Notes)

v3.20.4
Segment Reporting (Notes)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
 
The Company has two reportable segments: Expedited Freight and Intermodal. The Company evaluates segment performance based on income from operations. Segment results include intersegment revenues and shared costs.  Costs related to the corporate headquarters, shared services and shared assets, such as trailers, are allocated to each segment based on usage. Shared assets are not allocated to each segment, but rather the shared assets, such as trailers, are allocated to the Expedited Freight segment.

The accounting policies applied to each segment are the same as those described in the Summary of Significant Accounting Policies as disclosed in Note 1, except for certain self-insurance loss reserves related to vehicle liability and workers’ compensation. Each segment is allocated an insurance premium and deductible that corresponds to the self-insured retention limit for that particular segment. Any self-insurance loss exposure beyond the deductible allocated to each segment is recorded in Eliminations & Other.      
    
Segment results from operations for the years ended December 31, 2020, 2019 and 2018 are as follows.
Year ended December 31, 2020 Expedited Freight Intermodal Eliminations & Other Consolidated
External revenues $ 1,070,106  $ 199,567  $ —  $ 1,269,673 
Intersegment revenues 2,195  36  (2,331) (100)
Depreciation 19,824  3,693  120  23,637 
Amortization 7,203  6,285  —  13,488 
Income (loss) from continuing operations 71,266  16,391  (13,733) 73,924 
Total assets 905,081  221,963  (153,750) 973,294 
Purchases of property and equipment 19,820  448  —  20,268 

Year ended December 31, 2019 (As Adjusted) Expedited Freight Intermodal Eliminations & Other Consolidated
External revenues $ 997,877  $ 217,606  $ —  $ 1,215,483 
Intersegment revenues 3,057  105  (3,458) (296)
Depreciation 23,087  3,086  38  26,211 
Amortization 4,335  5,848  —  10,183 
Income (loss) from continuing operations 103,640  23,679  (14,903) 112,416 
Total assets 717,555  206,576  (24,909) 899,222 
Purchases of property and equipment 21,290  717  —  22,007 

Year ended December 31, 2018 (As Adjusted) Expedited Freight Intermodal Eliminations & Other Consolidated
External revenues $ 937,289  $ 200,750  $ —  $ 1,138,039 
Intersegment revenues 4,678  256  (5,360) (426)
Depreciation 25,707  1,719  296  27,722 
Amortization 3,499  4,610  —  8,109 
Income (loss) from continuing operations 103,652  23,266  (9,702) 117,216 
Total assets 555,501  167,002  (10,193) 712,310 
Purchases of property and equipment 38,710  854  —  39,564 

Revenue from the individual services within the Expedited Freight segment for the years ended December 31, 2020, 2019 and 2018 are as follows:
  Year ended Year ended Year ended
  December 31,
2020		 December 31,
2019		 December 31,
2018
Expedited freight revenue:    
Network $ 625,517  $ 675,312  $ 677,416 
Truckload $ 194,058  $ 196,855  $ 196,980 
Final Mile $ 224,475  $ 100,555  $ 39,400 
Other 28,251  28,212  28,171 
Total $ 1,072,301  $ 1,000,934  $ 941,967