| 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 years ended December 31, 2015, 2014 and 2013.
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Year ended December 31, 2015 |
|
Forward Air |
|
FASI |
|
TQI |
|
Eliminations |
|
Consolidated |
External revenues |
|
$ |
788,248 |
|
|
$ |
128,826 |
|
|
$ |
42,051 |
|
|
$ |
— |
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|
$ |
959,125 |
|
Intersegment revenues |
|
4,623 |
|
|
1,169 |
|
|
322 |
|
|
(6,114 |
) |
|
— |
|
Depreciation and amortization |
|
27,069 |
|
|
6,085 |
|
|
4,003 |
|
|
— |
|
|
37,157 |
|
Share-based compensation expense |
|
7,200 |
|
|
220 |
|
|
66 |
|
|
— |
|
|
7,486 |
|
Interest expense |
|
2,042 |
|
|
— |
|
|
5 |
|
|
— |
|
|
2,047 |
|
Interest income |
|
25 |
|
|
— |
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|
— |
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|
— |
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|
25 |
|
Income tax expense |
|
21,235 |
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|
1,673 |
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|
1,184 |
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— |
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|
24,092 |
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Net income |
|
51,976 |
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|
2,383 |
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|
1,216 |
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|
— |
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|
55,575 |
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Total assets |
|
759,680 |
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|
46,970 |
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|
89,312 |
|
|
(195,791 |
) |
|
700,171 |
|
Capital expenditures |
|
30,540 |
|
|
3,983 |
|
|
5,972 |
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|
— |
|
|
40,495 |
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Year ended December 31, 2014 |
|
Forward Air |
|
FASI |
|
TQI |
|
Eliminations |
|
Consolidated |
External revenues |
|
$ |
608,118 |
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|
$ |
124,382 |
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$ |
48,459 |
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$ |
— |
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|
$ |
780,959 |
|
Intersegment revenues |
|
4,219 |
|
|
831 |
|
|
365 |
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(5,415 |
) |
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— |
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Depreciation and amortization |
|
21,721 |
|
|
5,811 |
|
|
3,601 |
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|
— |
|
|
31,133 |
|
Share-based compensation expense |
|
6,470 |
|
|
176 |
|
|
35 |
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|
— |
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|
6,681 |
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Interest expense |
|
602 |
|
|
2 |
|
|
6 |
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|
— |
|
|
610 |
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Interest income |
|
8 |
|
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— |
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— |
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— |
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|
8 |
|
Income tax expense |
|
31,792 |
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|
2,203 |
|
|
921 |
|
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— |
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|
34,916 |
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Net income |
|
53,985 |
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|
3,790 |
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|
3,394 |
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— |
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|
61,169 |
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Total assets |
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604,578 |
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|
45,428 |
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|
88,788 |
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(199,485 |
) |
|
539,309 |
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Capital expenditures |
|
26,170 |
|
|
7,133 |
|
|
6,184 |
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— |
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|
39,487 |
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Year ended December 31, 2013 |
|
Forward Air |
|
FASI |
|
TQI |
|
Eliminations |
|
Consolidated |
External revenues |
|
$ |
497,993 |
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|
$ |
112,766 |
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|
$ |
41,722 |
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|
$ |
— |
|
|
$ |
652,481 |
|
Intersegment revenues |
|
3,075 |
|
|
645 |
|
|
120 |
|
|
(3,840 |
) |
|
— |
|
Depreciation and amortization |
|
16,222 |
|
|
4,945 |
|
|
2,412 |
|
|
— |
|
|
23,579 |
|
Share-based compensation expense |
|
5,959 |
|
|
140 |
|
|
79 |
|
|
— |
|
|
6,178 |
|
Interest expense |
|
513 |
|
|
8 |
|
|
11 |
|
|
— |
|
|
532 |
|
Interest income |
|
36 |
|
|
— |
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|
1 |
|
|
— |
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|
37 |
|
Income tax expense |
|
26,981 |
|
|
846 |
|
|
1,628 |
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|
— |
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|
29,455 |
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Net income |
|
51,251 |
|
|
1,255 |
|
|
1,961 |
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|
— |
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|
54,467 |
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Total assets |
|
478,790 |
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|
42,049 |
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|
85,490 |
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(100,060 |
) |
|
506,269 |
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Capital expenditures |
|
25,017 |
|
|
6,901 |
|
|
3,521 |
|
|
— |
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|
35,439 |
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