Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information

v2.4.0.6
Quarterly Financial Information
12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information
Note 10. Quarterly Financial Information (Unaudited)

A summary of our unaudited quarterly financial information for 2012 and 2011 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
2012
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
497,140

 
$
541,505

 
$
544,493

 
$
527,345

 
$
2,110,483

Operating income
 
54,218

 
82,588

 
80,932

 
67,516

 
285,254

Net income
 
31,095

 
47,832

 
51,044

 
39,481

 
169,452

Net income per share:
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
0.36

 
0.56

 
0.59

 
0.46

 
1.97

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
 
0.26

 
0.46

 
0.45

 
0.46

 
1.63