Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Comprehensive Income

v3.23.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Operating revenues $ 402,182 $ 515,219 $ 829,248 $ 982,180
Operating expenses:        
Purchased transportation 181,643 239,490 366,860 464,322
Salaries, wages and employee benefits 86,686 86,358 166,206 172,439
Operating leases 26,184 23,459 53,432 46,132
Depreciation and amortization 14,513 11,595 28,148 22,725
Insurance and claims 13,360 13,196 27,142 25,164
Fuel expense 5,274 8,314 11,058 14,179
Other operating expenses 44,311 57,262 95,682 104,323
Total operating expenses 371,971 439,674 748,528 849,284
Income from operations 30,211 75,545 80,720 132,896
Other expense:        
Interest expense, net (2,585) (1,193) (4,940) (1,977)
Total other expense (2,585) (1,193) (4,940) (1,977)
Income before income taxes 27,626 74,352 75,780 130,919
Income tax expense 7,675 18,922 19,461 32,803
Net income attributable to Forward Air $ 19,951 $ 55,430 $ 56,319 $ 98,116
Net income per share        
Basic (in dollars per share) $ 0.76 $ 2.05 $ 2.14 $ 3.63
Diluted (in dollars per share) 0.76 2.04 2.13 3.61
Dividends per share (in dollars per share) $ 0.24 $ 0.24 $ 0.48 $ 0.48