Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share - Basic and Diluted Net Income Per Share (Details)

v3.24.3
Net (Loss) Income Per Share - Basic and Diluted Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Numerator:            
Net (loss) income from continuing operations $ (72,271) $ 6,493     $ (774,540) $ 57,524
Net (loss) income from discontinued operation (1,137) 2,795     (6,013) 8,083
Net (loss) income attributable to Forward Air (73,408) 9,288 $ 19,951 $ 36,368 (780,553) 65,607
Income allocated to participating securities from continuing operations 0 (40)     0 (313)
Income allocated to participating securities from discontinued operation 0 (17)     0 (44)
Income allocated to participating securities 0 (57)     0 (357)
Numerator for basic net (loss) income per share for continuing operations (73,101) 6,453     (775,347) 57,211
Numerator for diluted net (loss) income per share for continuing operations (73,101) 6,453     (775,347) 57,211
Numerator for basic net income per share for discontinued operation (1,137) 2,778     (6,013) 8,039
Numerator for diluted net income per share for discontinued operation $ (1,137) $ 2,778     $ (6,013) $ 8,039
Denominator:            
Denominator for basic net (loss) income per share - weighted-average number of common shares outstanding (in shares) 27,941 25,697     26,983 25,995
Dilutive stock options and performance share awards (in shares) 0 74     0 101
Denominator for diluted net (loss) income per share - weighted-average number of common shares and common share equivalents outstanding (in shares) 27,941 25,771     26,983 26,096
Basic net (loss) income per share attributable to Forward Air:            
Continuing operations (in dollars per share) $ (2.62) $ 0.25     $ (28.73) $ 2.20
Discontinued operation (in dollars per share) (0.04) 0.11     (0.22) 0.31
Net (loss) income per basic share (in dollars per share) (2.66) 0.36     (28.95) 2.51
Diluted net (loss) income per share attributable to Forward Air:            
Continuing operations (in dollars per share) (2.62) 0.25     (28.73) 2.19
Discontinued operation (in dollars per share) (0.04) 0.11     (0.22) 0.31
Net (loss) income per diluted share (in dollars per share) $ (2.66) $ 0.36     $ (28.95) $ 2.50