Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share - Basic and Diluted Net Income Per Share (Details)

v3.22.2.2
Net Income (Loss) Per Share - Basic and Diluted Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Numerator:                
Net income and comprehensive income from continuing operations $ 52,133     $ 30,503     $ 150,249 $ 77,894
Net loss and comprehensive loss from discontinued operation 0     (6,967)     0 (12,500)
Net income attributable to Forward Air 52,133 $ 55,430 $ 42,686 23,536 $ 30,677 $ 11,181 150,249 65,394
Income allocated to participating securities from continuing operations (325)     (235)     (838) (541)
Loss allocated to participating securities from discontinued operation 0     0     0 0
Income allocated to participating securities (325)     (235)     (838) (541)
Net income per share for continuing operations, basic (in shares) 51,808     30,268     149,411 77,353
Net income per share for continuing operations, diluted (in shares) 51,808     30,268     149,411 77,353
Net loss per share for discontinued operation, basic (in shares) 0     (6,967)     0 (12,500)
Net loss per share for discontinued operation, diluted (in shares) $ 0     $ (6,967)     $ 0 $ (12,500)
Denominator:                
Denominator for basic income per share - weighted-average number of common shares outstanding (in shares) 26,769     27,034     26,864 27,217
Dilutive stock options and performance share awards (in shares) 133     110     135 134
Denominator for diluted income per share - weighted-average number of common shares and share equivalents outstanding (in shares) 26,902     27,144     26,999 27,351
Basic net income (loss) per share:                
Continuing operations (in dollars per share) $ 1.94     $ 1.12     $ 5.56 $ 2.84
Discontinued operation (in dollars per share) 0     (0.26)     0 (0.46)
Net income per basic share (in dollars per share) 1.94     0.86     5.56 [1] 2.39 [1]
Diluted net income (loss) per share:                
Continuing operations (in dollars per share) 1.93     1.12     5.53 2.83
Discontinued operation (in dollars per share) 0     (0.26)     0 (0.46)
Net income per diluted share (in dollars per share) $ 1.93     $ 0.86     $ 5.53 $ 2.37
[1] Rounding may impact summation of amounts.