| Summary of segment information |
| |
Three months ended June 30, 2011 |
| |
Forward Air |
|
FASI |
|
|
Eliminations |
|
|
Consolidated |
External revenues |
$ |
116,369 |
|
$ |
15,823 |
|
|
$ |
-- |
|
|
$ |
132,192 |
Intersegment revenues |
|
141 |
|
|
82 |
|
|
|
(223 |
) |
|
|
-- |
Depreciation and amortization |
|
4,156 |
|
|
1,066 |
|
|
|
-- |
|
|
|
5,222 |
Share-based compensation expense |
|
1,433 |
|
|
79 |
|
|
|
-- |
|
|
|
1,512 |
Interest expense |
|
131 |
|
|
10 |
|
|
|
-- |
|
|
|
141 |
Interest income |
|
55 |
|
|
-- |
|
|
|
-- |
|
|
|
55 |
Income tax expense (benefit) |
|
7,975 |
|
|
(178 |
) |
|
|
-- |
|
|
|
7,797 |
Net income (loss) |
|
12,284 |
|
|
(315 |
) |
|
|
-- |
|
|
|
11,969 |
Total assets |
|
385,665 |
|
|
36,688 |
|
|
|
(39,374 |
) |
|
|
382,979 |
Capital expenditures |
|
7,562 |
|
|
550 |
|
|
|
-- |
|
|
|
8,112 |
| |
Three months ended June 30, 2010 |
| |
Forward Air |
|
FASI |
|
|
Eliminations |
|
|
Consolidated |
External revenues |
$ |
105,290 |
|
$ |
16,842 |
|
|
$ |
-- |
|
|
$ |
122,132 |
Intersegment revenues |
|
288 |
|
|
78 |
|
|
|
(366 |
) |
|
|
-- |
Depreciation and amortization |
|
4,124 |
|
|
983 |
|
|
|
-- |
|
|
|
5,107 |
Stock-based compensation expense |
|
1,523 |
|
|
95 |
|
|
|
-- |
|
|
|
1,618 |
Interest expense |
|
166 |
|
|
15 |
|
|
|
-- |
|
|
|
181 |
Interest income |
|
5 |
|
|
1 |
|
|
|
-- |
|
|
|
6 |
Income tax expense (benefit) |
|
5,664 |
|
|
(274 |
) |
|
|
-- |
|
|
|
5,390 |
Net income (loss) |
|
8,381 |
|
|
(469 |
) |
|
|
-- |
|
|
|
7,912 |
Total assets |
|
331,721 |
|
|
38,475 |
|
|
|
(39,699 |
) |
|
|
330,497 |
Capital expenditures |
|
2,747 |
|
|
566 |
|
|
|
-- |
|
|
|
3,313 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Six months ended June 30, 2011 |
| |
Forward Air |
|
FASI |
|
|
Eliminations |
|
|
Consolidated |
External revenues |
$ |
221,414 |
|
$ |
30,980 |
|
|
$ |
-- |
|
|
$ |
252,394 |
Intersegment revenues |
|
263 |
|
|
163 |
|
|
|
(426 |
) |
|
|
-- |
Depreciation and amortization |
|
8,227 |
|
|
2,077 |
|
|
|
-- |
|
|
|
10,304 |
Share-based compensation expense |
|
2,786 |
|
|
169 |
|
|
|
-- |
|
|
|
2,955 |
Interest expense |
|
313 |
|
|
23 |
|
|
|
-- |
|
|
|
336 |
Interest income |
|
104 |
|
|
-- |
|
|
|
-- |
|
|
|
104 |
Income tax expense (benefit) |
|
13,589 |
|
|
(554 |
) |
|
|
-- |
|
|
|
13,035 |
Net income (loss) |
|
20,792 |
|
|
(954 |
) |
|
|
-- |
|
|
|
19,838 |
Total assets |
|
385,665 |
|
|
36,688 |
|
|
|
(39,374 |
) |
|
|
382,979 |
Capital expenditures |
|
12,943 |
|
|
2,498 |
|
|
|
-- |
|
|
|
15,441 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Six months ended June 30, 2010 |
| |
Forward Air |
|
FASI |
|
|
Eliminations |
|
|
Consolidated |
External revenues |
$ |
195,907 |
|
$ |
33,201 |
|
|
$ |
-- |
|
|
$ |
229,108 |
Intersegment revenues |
|
563 |
|
|
145 |
|
|
|
(708 |
) |
|
|
-- |
Depreciation and amortization |
|
8,163 |
|
|
1,892 |
|
|
|
-- |
|
|
|
10,055 |
Stock-based compensation expense |
|
3,178 |
|
|
203 |
|
|
|
-- |
|
|
|
3,381 |
Interest expense |
|
334 |
|
|
32 |
|
|
|
-- |
|
|
|
366 |
Interest income |
|
10 |
|
|
3 |
|
|
|
-- |
|
|
|
13 |
Income tax expense (benefit) |
|
8,565 |
|
|
(694 |
) |
|
|
-- |
|
|
|
7,871 |
Net income (loss) |
|
12,506 |
|
|
(1,175 |
) |
|
|
-- |
|
|
|
11,331 |
Total assets |
|
331,721 |
|
|
38,475 |
|
|
|
(39,699 |
) |
|
|
330,497 |
Capital expenditures |
|
5,398 |
|
|
3,341 |
|
|
|
-- |
|
|
|
8,739 |
|