Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v2.4.0.8
Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Summary of segment information
The following tables summarize segment information about net income (loss) 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 nine months ended September 30, 2013 and 2012.
 
 
Three months ended September 30, 2013
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
127,953

 
$
29,649

 
$
12,431

 
$

 
$
170,033

Intersegment revenues
 
838

 
179

 

 
(1,017
)
 

Depreciation and amortization
 
4,238

 
1,254

 
728

 

 
6,220

Share-based compensation expense
 
1,471

 
28

 
26

 

 
1,525

Interest expense
 
144

 
1

 

 

 
145

Interest income
 
6

 

 

 

 
6

Income tax expense
 
7,604

 
551

 
387

 

 
8,542

Net income
 
12,768

 
882

 
547

 

 
14,197

Total assets
 
464,538

 
42,043

 
84,343

 
(100,122
)
 
490,802

Capital expenditures
 
1,679

 
1,797

 
1,796

 

 
5,272

 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended September 30, 2012
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
124,320

 
$
19,194

 
$

 
$

 
$
143,514

Intersegment revenues
 
186

 
274

 

 
(460
)
 

Depreciation and amortization
 
4,242

 
1,183

 

 

 
5,425

Share-based compensation expense
 
1,412

 
16

 

 

 
1,428

Interest expense
 
106

 
5

 

 

 
111

Interest income
 
5

 

 

 

 
5

Income tax expense
 
7,133

 
94

 

 

 
7,227

Net income
 
12,106

 
161

 

 

 
12,267

Total assets
 
386,462

 
36,279

 

 
(36,123
)
 
386,618

Capital expenditures
 
1,343

 
838

 

 

 
2,181

 
 
Nine months ended September 30, 2013
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
367,011

 
$
75,841

 
$
28,544

 
$

 
$
471,396

Intersegment revenues
 
1,969

 
540

 

 
(2,509
)
 

Depreciation and amortization
 
12,110

 
3,621

 
1,646

 

 
17,377

Share-based compensation expense
 
4,453

 
113

 
53

 

 
4,619

Interest expense
 
395

 
6

 

 

 
401

Interest income
 
29

 

 
1

 

 
30

Income tax expense
 
20,989

 
196

 
756

 

 
21,941

Net income
 
37,481

 
221

 
1,180

 

 
38,882

Total assets
 
464,538

 
42,043

 
84,343

 
(100,122
)
 
490,802

Capital expenditures
 
23,993

 
6,302

 
2,971

 

 
33,266

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2012
 
 
Forward Air
 
FASI
 
TQI
 
Eliminations
 
Consolidated
External revenues
 
$
372,819

 
$
56,102

 
$

 
$

 
$
428,921

Intersegment revenues
 
939

 
572

 

 
(1,511
)
 

Depreciation and amortization
 
12,455

 
3,485

 

 

 
15,940

Share-based compensation expense
 
4,399

 
151

 

 

 
4,550

Interest expense
 
223

 
18

 

 

 
241

Interest income
 
29

 

 

 

 
29

Income tax expense (benefit)
 
22,689

 
(145
)
 

 

 
22,544

Net income (loss)
 
36,993

 
(286
)
 

 

 
36,707

Total assets
 
386,462

 
36,279

 

 
(36,123
)
 
386,618

Capital expenditures
 
15,310

 
5,189

 

 

 
20,499