v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue from operations $ 896,210 $ 1,060,666 $ 1,883,574 $ 2,051,448
Operating expenses:        
Salaries, wages and benefits 460,906 532,583 985,389 1,054,927
Operating supplies and expenses 75,412 122,410 183,105 243,767
General supplies and expenses 25,881 32,391 59,489 63,951
Operating taxes and licenses 27,043 29,384 56,357 58,455
Insurance and claims 10,910 11,587 20,760 22,759
Communications and utilities 7,262 6,134 15,453 13,973
Depreciation and amortization 65,735 62,571 131,170 125,644
Purchased transportation 18,983 24,468 39,783 45,155
Miscellaneous expenses, net 4,912 4,649 9,732 9,902
Total operating expenses 697,044 826,177 1,501,238 1,638,533
Operating income 199,166 234,489 382,336 412,915
Non-operating expense (income):        
Interest expense 765 160 865 282
Interest income (231) (1,769) (1,479) (3,252)
Other (income) expense, net (373) 524 3,244 (76)
Total non-operating expense (income) 161 (1,085) 2,630 (3,046)
Income before income taxes 199,005 235,574 379,706 415,961
Provision for income taxes 51,200 61,502 98,724 108,566
Net income $ 147,805 $ 174,072 $ 280,982 $ 307,395
Earnings per share:        
Basic $ 1.26 $ 1.44 $ 2.37 $ 2.54
Diluted $ 1.25 $ 1.44 $ 2.36 $ 2.53
Weighted average shares outstanding:        
Basic 117,610,178 120,783,414 118,330,176 121,164,444
Diluted 118,359,884 120,968,046 119,082,728 121,339,625
Dividends declared per share $ 0.15 $ 0.11 $ 0.30 $ 0.23

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