Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information

v3.6.0.2
Quarterly Financial Information
12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information
Note 10. Quarterly Financial Information (Unaudited)

A summary of our unaudited quarterly financial information for 2016 and 2015 is provided below. Our tonnage levels and revenue mix are subject to seasonal trends common in the motor carrier industry. Our revenue and operating margins in the first and fourth quarters are typically lower than those during the second and third quarters due to reduced shipments during the winter months. Harsh winter weather or natural disasters, such as hurricanes, tornadoes and floods, 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
2016
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
707,733

 
$
755,435

 
$
782,611

 
$
745,738

 
$
2,991,517

Operating income
 
99,548

 
133,436

 
137,404

 
113,447

 
483,835

Net income
 
60,285

 
81,388

 
85,581

 
68,511

 
295,765

Earnings per share:
 
 
 
 
 
 
 
 
 
 
Basic
 
0.72

 
0.98

 
1.03

 
0.83

 
3.56

Diluted
 
0.72

 
0.98

 
1.03

 
0.83

 
3.56

 
 
 
 
 
 
 
 
 
 
 
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
 
0.73

 
1.00

 
0.99

 
0.85

 
3.57

Diluted
 
0.73

 
1.00

 
0.99

 
0.85

 
3.57