v3.20.1
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Revenue from operations $ 987,364 $ 990,782
Operating expenses:    
Salaries, wages and benefits 524,483 522,344
Operating supplies and expenses 107,693 121,357
General supplies and expenses 33,608 31,560
Operating taxes and licenses 29,314 29,071
Insurance and claims 9,850 11,172
Communications and utilities 8,191 7,839
Depreciation and amortization 65,435 63,073
Purchased transportation 20,800 20,687
Miscellaneous expenses, net 4,820 5,253
Total operating expenses 804,194 812,356
Operating income 183,170 178,426
Non-operating expense (income):    
Interest expense 100 122
Interest income (1,248) (1,483)
Other expense (income), net 3,617 (600)
Total non-operating expense (income) 2,469 (1,961)
Income before income taxes 180,701 180,387
Provision for income taxes 47,524 47,064
Net income $ 133,177 $ 133,323
Earnings per share:    
Basic $ 1.12 $ 1.10
Diluted $ 1.11 $ 1.10
Weighted average shares outstanding:    
Basic 119,050,174 121,549,706
Diluted 119,805,572 121,715,331
Dividends declared per share $ 0.15 $ 0.11

Source