Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v2.4.0.8
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Summary of segment information
12 Annual Report on Form 10-K. Segment data includes intersegment revenues.  Assets and costs of the corporate headquarters are allocated to the segments based on usage.  The Company evaluates the performance of its segments based on net income (loss).  The Company’s business is conducted in the U.S. and Canada.
 
The following tables summarize segment information about net income (loss) and assets used by the chief operating decision maker of the Company in making decisions regarding allocation of assets and resources as of and for the three and six months ended June 30, 2013 and 2012.
 
 
Three months ended June 30, 2013
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
123,485

 
$
24,123

 
$
12,196

 
$

 
$
159,804

Intersegment revenues
 
595

 
177

 

 
(772
)
 

Depreciation and amortization
 
4,086

 
1,196

 
689

 

 
5,971

Share-based compensation expense
 
1,471

 
39

 
26

 

 
1,536

Interest expense
 
126

 
2

 

 

 
128

Interest income
 
13

 

 

 

 
13

Income tax expense (benefit)
 
8,331

 
(73
)
 
302

 

 
8,560

Net income (loss)
 
13,496

 
(170
)
 
505

 

 
13,831

Total assets
 
445,251

 
38,461

 
82,838

 
(98,358
)
 
468,192

Capital expenditures
 
10,595

 
4,097

 
1,120

 

 
15,812

 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2012
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
130,357

 
$
17,969

 
$

 
$

 
$
148,326

Intersegment revenues
 
167

 
398

 

 
(565
)
 

Depreciation and amortization
 
4,186

 
1,208

 

 

 
5,394

Share-based compensation expense
 
1,457

 
60

 

 

 
1,517

Interest expense
 
73

 
6

 

 

 
79

Interest income
 
8

 

 

 

 
8

Income tax expense (benefit)
 
8,858

 
(23
)
 

 

 
8,835

Net income (loss)
 
14,223

 
(56
)
 

 

 
14,167

Total assets
 
367,961

 
38,863

 

 
(36,048
)
 
370,776

Capital expenditures
 
4,702

 
518

 

 

 
5,220

 
 
Six months ended June 30, 2013
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
239,058

 
$
46,193

 
$
16,113

 
$

 
$
301,364

Intersegment revenues
 
1,131

 
362

 

 
(1,493
)
 

Depreciation and amortization
 
7,872

 
2,367

 
918

 

 
11,157

Share-based compensation expense
 
2,983

 
85

 
26

 

 
3,094

Interest expense
 
251

 
5

 

 

 
256

Interest income
 
23

 

 
1

 

 
24

Income tax expense (benefit)
 
13,385

 
(355
)
 
369

 

 
13,399

Net income (loss)
 
24,713

 
(661
)
 
633

 

 
24,685

Total assets
 
445,251

 
38,461

 
82,838

 
(98,358
)
 
468,192

Capital expenditures
 
22,314

 
4,505

 
1,175

 

 
27,994

 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2012
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
248,499

 
$
36,908

 
$

 
$

 
$
285,407

Intersegment revenues
 
386

 
665

 

 
(1,051
)
 

Depreciation and amortization
 
8,213

 
2,302

 

 

 
10,515

Share-based compensation expense
 
2,988

 
135

 

 

 
3,123

Interest expense
 
117

 
13

 

 

 
130

Interest income
 
23

 

 

 

 
23

Income tax expense (benefit)
 
15,556

 
(239
)
 

 

 
15,317

Net income (loss)
 
24,887

 
(447
)
 

 

 
24,440

Total assets
 
367,961

 
38,863

 

 
(36,048
)
 
370,776

Capital expenditures
 
13,967

 
4,351

 

 

 
18,318