Annual report pursuant to Section 13 and 15(d)

Discontinued Operations and Held for Sale (Tables)

v3.24.0.1
Discontinued Operations and Held for Sale (Tables)
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Held for Sale and Discontinued Operations Financial Information
A summary of the carrying amounts of major classes of assets and liabilities, which are included in assets and liabilities held for sale in the Consolidated Balance Sheets, is as follows:
  December 31, 2022
Assets
Current assets:  
Accounts receivable, less allowance of $29 in 2022
 $ 32,799 
Prepaid expenses 5 
Other current assets 2,138 
Total current assets held for sale $ 34,942 
Property and equipment, net of accumulated depreciation and amortization of $2,524
 $ 2,751 
Operating lease right-of-use assets 10,768 
Goodwill 48,197 
Other acquired intangibles, net of accumulated amortization of $12,332 in 2022
 39,219 
Other assets 92 
Total noncurrent assets held for sale $ 101,027 
Liabilities  
Current liabilities:  
Accounts payable $ 4,507 
Accrued expenses 4,373 
Other current liabilities 13 
Current portion of debt and finance lease obligations 128 
Current portion of operating lease liabilities 4,840 
Total current liabilities held for sale $ 13,861 
Finance lease obligations, less current portion $ 133 
Operating lease liabilities, less current portion 5,962 
Total noncurrent liabilities held for sale $ 6,095 
A summary of the results of operations classified as a discontinued operations, net of tax, in the Consolidated Statements of Comprehensive Income for the years ended December 31, 2023, 2022 and 2021 is as follows:
  Year Ended
  December 31, 2023 December 31, 2022 December 31, 2021
Operating revenue $ 273,873  $ 293,769  $ 292,976 
Operating expenses:    
Purchased transportation 158,233  176,137  171,035 
Salaries, wages and employee benefits 51,304  45,211  49,101 
Operating leases 12,325  11,804  13,685 
Depreciation and amortization 5,212  4,834  4,586 
Insurance and claims 2,586  2,281  3,706 
Fuel expense 305  627  1,057 
Other operating expenses 36,842  34,490  37,946 
Impairment charge —  —  6,967 
Total operating expenses 266,807  275,384  288,083 
Income from discontinued operations 7,066  18,385  4,893 
Gain (loss) on sale of business 155,829  —  (2,860)
Income from discontinued operations before income taxes 162,895  18,385  2,033 
Income tax expense 38,347  4,608  3,053 
Income (loss) from discontinued operations, net of tax $ 124,548  $ 13,777  $ (1,020)