Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Forward Air    
Airport-to-airport $ 90,627 $ 82,147
Logistics 21,313 16,494
Other 6,202 6,403
Forward Air Solutions    
Pool distribution 18,939 15,157
Total operating revenue 137,081 120,201
Forward Air    
Airport-to-airport 36,758 32,593
Logistics 15,716 12,799
Other 1,598 1,473
Forward Air Solutions    
Pool distribution 5,126 3,457
Total purchased transportation 59,198 50,322
Salaries, wages and employee benefits 33,174 30,495
Operating leases 7,106 6,706
Depreciation and amortization 5,121 5,082
Insurance and claims 2,798 2,175
Fuel expense 2,541 2,388
Other operating expenses 10,354 9,747
Total operating expenses 120,292 106,915
Income from operations 16,789 13,286
Other income (expense):    
Interest expense (51) (195)
Other, net 17 16
Total other expense (34) (179)
Income before income taxes 16,755 13,107
Income taxes 6,482 5,238
Net income $ 10,273 $ 7,869
Net income per share:    
Basic (in dollars per share) $ 0.36 $ 0.27
Diluted (in dollars per share) $ 0.35 $ 0.27
Weighted average shares outstanding:    
Basic (in shares) 28,692 29,135
Diluted (in shares) 29,363 29,371
Dividends per share (in dollars per share) $ 0.07 $ 0.07