Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information

v3.3.1.900
Quarterly Financial Information
12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information
Note 9. Quarterly Financial Information (Unaudited)

A summary of our unaudited quarterly financial information for 2015 and 2014 is provided below. Our tonnage levels and revenue mix are subject to seasonal trends common in the motor carrier industry. Financial results in the first quarter are normally lower due to reduced shipments during the winter months. Harsh winter weather can also adversely impact our performance by reducing demand and increasing operating expenses.
 
 
Quarter
(In thousands, except per share data)
 
First
 
Second
 
Third
 
Fourth
 
Total
2015
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
696,245

 
$
762,151

 
$
779,474

 
$
734,572

 
$
2,972,442

Operating income
 
103,565

 
140,899

 
139,854

 
113,922

 
498,240

Net income
 
62,524

 
85,574

 
84,368

 
72,224

 
304,690

Earnings per share:
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
0.73

 
1.00

 
0.99

 
0.85

 
3.57

 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
620,276

 
$
702,987

 
$
743,586

 
$
721,048

 
$
2,787,897

Operating income
 
80,052

 
122,695

 
126,262

 
112,298

 
441,307

Net income
 
45,887

 
73,849

 
77,909

 
69,869

 
267,514

Earnings per share:
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
0.53

 
0.86

 
0.90

 
0.81

 
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