Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.2.0.727
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Summary of segment information
The following tables summarize segment information about net income 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, 2015 and 2014.
 
 
Three months ended June 30, 2015
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
210,529

 
$
27,471

 
$
11,694

 
$

 
$
249,694

Intersegment revenues
 
909

 
213

 
126

 
(1,248
)
 

Depreciation and amortization
 
7,030

 
1,504

 
985

 

 
9,519

Share-based compensation expense
 
1,810

 
64

 
16

 

 
1,890

Interest expense
 
570

 

 

 

 
570

Interest income
 
1

 

 

 

 
1

Income tax expense
 
7,000

 
41

 
384

 

 
7,425

Net income
 
11,171

 
34

 
619

 

 
11,824

Total assets
 
773,689

 
45,334

 
89,930

 
(199,593
)
 
709,360

Capital expenditures
 
2,840

 
2,046

 
1,847

 

 
6,733

 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2014
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
153,457

 
$
26,798

 
$
13,597

 
$

 
$
193,852

Intersegment revenues
 
810

 
137

 
84

 
(1,031
)
 

Depreciation and amortization
 
5,365

 
1,449

 
937

 

 
7,751

Share-based compensation expense
 
1,613

 
43

 
21

 

 
1,677

Interest expense
 
129

 
1

 
(29
)
 

 
101

Interest income
 

 

 

 

 

Income tax expense
 
9,613

 
370

 
445

 

 
10,428

Net income
 
15,587

 
597

 
994

 

 
17,178

Total assets
 
601,430

 
41,154

 
88,286

 
(198,381
)
 
532,489

Capital expenditures
 
11,707

 
874

 
1,291

 

 
13,872


 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2015
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
378,180

 
$
54,512

 
$
22,920

 
$

 
$
455,612

Intersegment revenues
 
1,962

 
396

 
163

 
(2,521
)
 

Depreciation and amortization
 
13,184

 
3,086

 
1,932

 

 
18,202

Share-based compensation expense
 
3,551

 
96

 
29

 

 
3,676

Interest expense
 
934

 

 

 

 
934

Interest income
 
2

 

 

 

 
2

Income tax expense
 
9,586

 
120

 
719

 

 
10,425

Net income
 
15,332

 
171

 
1,157

 

 
16,660

Total assets
 
773,689

 
45,334

 
89,930

 
(199,593
)
 
709,360

Capital expenditures
 
5,637

 
2,236

 
4,089

 

 
11,962

 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2014
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
286,849

 
$
54,019

 
$
24,552

 
$

 
$
365,420

Intersegment revenues
 
1,604

 
238

 
191

 
(2,033
)
 

Depreciation and amortization
 
10,307

 
2,727

 
1,730

 

 
14,764

Share-based compensation expense
 
3,221

 
81

 
27

 

 
3,329

Interest expense
 
210

 
2

 
(29
)
 

 
183

Interest income
 
7

 

 

 

 
7

Income tax expense
 
15,397

 
348

 
757

 

 
16,502

Net income
 
25,186

 
595

 
1,598

 

 
27,379

Total assets
 
601,430

 
41,154

 
88,286

 
(198,381
)
 
532,489

Capital expenditures
 
22,702

 
4,555

 
6,163

 

 
33,420