Forward Air Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Shareholders' Equity

Consolidated Statements of Shareholders' Equity (USD $) In Thousands, except Share data	Total	Common Stock [Member]	Additional Paid-in Capital	Retained Earnings
Balance at Dec. 31, 2011	$ 286,902us-gaap_StockholdersEquity	$ 285	$ 42,212	$ 244,405
Balance, shares (in shares) at Dec. 31, 2011		28,553,000
Net and comprehensive income	52,668us-gaap_ComprehensiveIncomeNetOfTax			52,668
Exercise of stock options	15,740	6	15,734
Exercise of stock options (in shares)		582,000
Common stock issued under employee stock purchase plan	259		259
Common stock issued under employee stock purchase plan (in shares)		9,000
Share-based compensation	6,050		6,050
Dividends	(9,947)us-gaap_DividendsCommonStock		5	(9,952)
Cash settlement of share-based awards for minimum tax withholdings	(386)fwrd_ShareBasedAwardTaxWithholdings			(386)
Cash settlement of share-based awards for minimum tax withholdings (in shares)		(11,000)
Vesting of previously non-vested shares		1	(1)
Vesting of previously non-vested shares (in shares)		62,000
Income tax benefit (expense) from stock options exercised	385		385
Balance at Dec. 31, 2012	351,671us-gaap_StockholdersEquity	292	64,644	286,735
Balance, shares (in shares) at Dec. 31, 2012		29,195,000
Net and comprehensive income	54,467us-gaap_ComprehensiveIncomeNetOfTax			54,467
Exercise of stock options	33,002	12	32,990
Exercise of stock options (in shares)		1,263,000
Common stock issued under employee stock purchase plan	296		296
Common stock issued under employee stock purchase plan (in shares)		9,000
Share-based compensation	6,178		6,178
Dividends	(12,141)us-gaap_DividendsCommonStock		7	(12,148)
Cash settlement of share-based awards for minimum tax withholdings	(866)fwrd_ShareBasedAwardTaxWithholdings			(866)
Cash settlement of share-based awards for minimum tax withholdings (in shares)		(23,000)
Stock repurchases	(354)			(354)
Stock repurchases, shares		(9,000)
Vesting of previously non-vested shares		1	(1)
Vesting of previously non-vested shares (in shares)		87,000
Income tax benefit (expense) from stock options exercised	3,612		3,612
Balance at Dec. 31, 2013	435,865us-gaap_StockholdersEquity	305	107,726	327,834
Balance, shares (in shares) at Dec. 31, 2013	30,522,079us-gaap_CommonStockSharesOutstanding	30,522,000
Net and comprehensive income	61,169us-gaap_ComprehensiveIncomeNetOfTax			61,169
Exercise of stock options	13,235	5	13,230
Exercise of stock options (in shares)		469,000
Common stock issued under employee stock purchase plan	354		354
Common stock issued under employee stock purchase plan (in shares)		9,000
Share-based compensation	6,681		6,681
Dividends	(14,795)us-gaap_DividendsCommonStock		9	(14,804)
Dividends, shares		0
Cash settlement of share-based awards for minimum tax withholdings	(1,083)fwrd_ShareBasedAwardTaxWithholdings			(1,083)
Cash settlement of share-based awards for minimum tax withholdings (in shares)		(25,000)
Stock repurchases	(39,972)	(9)		(39,963)
Stock repurchases, shares		(882,000)
Vesting of previously non-vested shares		2	(2)
Vesting of previously non-vested shares (in shares)		162,000
Income tax benefit (expense) from stock options exercised	2,109		2,109
Balance at Dec. 31, 2014	$ 463,563us-gaap_StockholdersEquity	$ 303	$ 130,107	$ 333,153
Balance, shares (in shares) at Dec. 31, 2014	30,255,182us-gaap_CommonStockSharesOutstanding	30,255,000