| Weighted Average Assumptions |
The weighted-average assumptions under the Monte Carlo simulation model were as follows:
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February 12, 2021 |
| Counterparty credit spread |
1.2% |
| Earnings before interest, taxes, depreciation and amortization discount rate |
15.0% |
| Asset volatility |
55.0% |
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| Summarized Held for Sale and Discontinued Operations Financial Information |
A summary of the results of operations classified as a discontinued operation, net of tax, in the Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2021 and 2020 is as follows:
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Three Months Ended |
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March 31,
2021 |
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March 31,
2020 |
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| Operating revenue |
$ |
17,087 |
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$ |
36,952 |
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| Operating expenses: |
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| Purchased transportation |
4,290 |
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9,536 |
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| Salaries, wages and employee benefits |
9,674 |
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17,113 |
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| Operating leases |
2,907 |
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5,680 |
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| Depreciation and amortization |
— |
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1,295 |
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| Insurance and claims |
929 |
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1,726 |
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| Fuel expense |
644 |
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1,327 |
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| Other operating expenses |
2,087 |
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4,345 |
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| Total operating expenses |
20,531 |
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41,022 |
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| Loss from discontinued operation |
(3,444) |
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(4,070) |
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| Loss on sale of business |
(2,860) |
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— |
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| Loss from discontinued operation before income taxes |
(6,304) |
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(4,070) |
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| Income tax benefit |
(771) |
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(1,030) |
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| Loss from discontinued operation, net of tax |
$ |
(5,533) |
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$ |
(3,040) |
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