v3.23.2
Condensed Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Income Statement [Abstract] | ||||
| Revenue from operations | $ 1,413,189 | $ 1,667,448 | $ 2,855,325 | $ 3,164,728 |
| Operating expenses: | ||||
| Salaries, wages and benefits | 642,841 | 705,710 | 1,294,916 | 1,385,899 |
| Operating supplies and expenses | 165,373 | 236,712 | 357,757 | 428,069 |
| General supplies and expenses | 38,606 | 39,116 | 78,151 | 74,629 |
| Operating taxes and licenses | 36,890 | 34,952 | 73,591 | 70,028 |
| Insurance and claims | 15,381 | 16,964 | 31,409 | 33,071 |
| Communications and utilities | 11,515 | 9,898 | 22,532 | 19,774 |
| Depreciation and amortization | 79,784 | 68,310 | 155,731 | 135,650 |
| Purchased transportation | 28,596 | 42,681 | 59,211 | 95,181 |
| Miscellaneous expenses, net | 2,609 | 4,400 | 7,384 | 8,104 |
| Total operating expenses | 1,021,595 | 1,158,743 | 2,080,682 | 2,250,405 |
| Operating income | 391,594 | 508,705 | 774,643 | 914,323 |
| Non-operating (income) expense: | ||||
| Interest expense | 89 | 213 | 289 | 286 |
| Interest income | (2,368) | (471) | (5,179) | (600) |
| Other expense, net | 1,947 | 750 | 3,458 | 1,355 |
| Total non-operating (income) expense | (332) | 492 | (1,432) | 1,041 |
| Income before income taxes | 391,926 | 508,213 | 776,075 | 913,282 |
| Provision for income taxes | 99,564 | 132,135 | 198,675 | 237,453 |
| Net income | $ 292,362 | $ 376,078 | $ 577,400 | $ 675,829 |
| Earnings per share: | ||||
| Basic | $ 2.67 | $ 3.33 | $ 5.26 | $ 5.94 |
| Diluted | $ 2.65 | $ 3.3 | $ 5.23 | $ 5.9 |
| Weighted average shares outstanding: | ||||
| Basic | 109,521 | 113,079 | 109,737 | 113,745 |
| Diluted | 110,199 | 113,805 | 110,438 | 114,485 |
| Dividends declared per share | $ 0.4 | $ 0.3 | $ 0.8 | $ 0.6 |
| X | ||||||||||
- Definition Costs related to selling products and services, as well as other general and administrative expenses not separately disclosed on the income statement. No definition available.
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- Definition Costs associated with the use of third parties transportation companies to fulfill part or all of a service to our customers under our customer agreements. No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate costs of direct communications and utilities incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of tax incurred and cost of license directly related to good produced or service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Insurance and claims costs directly related to goods produced and sold, or services rendered, during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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