v3.21.2
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue from operations $ 1,319,409 $ 896,210 $ 2,445,924 $ 1,883,574
Operating expenses:        
Salaries, wages and benefits 611,518 460,906 1,157,177 985,389
Operating supplies and expenses 137,577 75,412 261,733 183,105
General supplies and expenses 34,427 25,881 65,595 59,489
Operating taxes and licenses 33,256 27,043 64,522 56,357
Insurance and claims 14,983 10,910 27,905 20,760
Communications and utilities 8,390 7,262 16,586 15,453
Depreciation and amortization 63,947 65,735 127,934 131,170
Purchased transportation 43,927 18,983 78,641 39,783
Miscellaneous expenses, net 5,340 4,912 10,130 9,732
Total operating expenses 953,365 697,044 1,810,223 1,501,238
Operating income 366,044 199,166 635,701 382,336
Non-operating expense (income):        
Interest expense 465 765 972 865
Interest income (196) (231) (482) (1,479)
Other expense (income), net 1,387 (373) 1,515 3,244
Total non-operating expense 1,656 161 2,005 2,630
Income before income taxes 364,388 199,005 633,696 379,706
Provision for income taxes 94,812 51,200 164,761 98,724
Net income $ 269,576 $ 147,805 $ 468,935 $ 280,982
Earnings per share:        
Basic $ 2.33 $ 1.26 $ 4.04 $ 2.37
Diluted $ 2.31 $ 1.25 $ 4.01 $ 2.36
Weighted average shares outstanding:        
Basic 115,820,522 117,610,178 116,157,336 118,330,176
Diluted 116,561,242 118,359,884 116,906,572 119,082,728
Dividends declared per share $ 0.20 $ 0.15 $ 0.40 $ 0.30

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