Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information

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Quarterly Financial Information
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information [Abstract]  
Quarterly Financial Information

Note 10. Quarterly Financial Information (Unaudited)

A summary of our unaudited quarterly financial information for 2011 and 2010 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  

2011

              

Revenue

   $ 422,679       $ 480,255       $ 494,475       $ 485,132       $ 1,882,541   

Operating income

     37,921         64,645         68,194         63,312         234,072   

Net income

     21,573         39,383         38,631         39,883         139,470   

Net income per share:

              

Basic and diluted

     0.38         0.69         0.67         0.69         2.44   

2010

              

Revenue

   $ 317,795       $ 368,250       $ 395,981       $ 398,972       $ 1,480,998   

Operating income

     16,375         40,011         43,384         37,969         137,739   

Net income

     7,701         21,513         24,381         22,056         75,651   

Net income per share:

              

Basic and diluted

     0.14         0.38         0.44         0.39         1.35