Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Comprehensive Income

v2.4.0.6
Condensed Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Forward Air      
Airport-to-airport $ 390,697 $ 361,630 $ 321,702
Logistics 83,787 74,394 64,935
Other 26,137 27,640 25,130
Forward Air Solutions      
Pool distribution 83,825 72,738 72,172
Total operating revenue 584,446 536,402 483,939
Forward Air      
Airport-to-airport 160,065 142,705 129,111
Logistics 63,203 56,259 50,225
Other 7,241 6,681 6,288
Forward Air Solutions      
Pool distribution 22,211 17,355 15,747
Total purchased transportation 252,720 223,000 201,371
Salaries, wages and employee benefits 135,006 130,651 129,108
Operating leases 27,989 27,122 26,252
Depreciation and amortization 21,021 20,993 20,450
Insurance and claims 11,309 8,798 8,425
Fuel expense 10,038 10,041 8,461
Other operating expenses 42,831 38,687 36,133
Total operating expenses 500,914 459,292 430,200
Income from operations 83,532 77,110 53,739
Other income (expense):      
Interest expense (391) (619) (730)
Other, net 14 74 90
Total other expense (377) (545) (640)
Income before income taxes 83,155 76,565 53,099
Income taxes 30,487 29,366 21,063
Net income and comprehensive income $ 52,668 $ 47,199 $ 32,036
Net income per share:      
Basic (in dollars per share) $ 1.82 $ 1.62 $ 1.11
Diluted (in dollars per share) $ 1.78 $ 1.60 $ 1.10
Weighted average shares outstanding:      
Basic (in shares) 28,967 29,052 28,984
Diluted (in shares) 29,536 29,435 29,111
Dividends per share (in dollars per share) $ 0.34 $ 0.28 $ 0.28