v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue from operations $ 1,058,166 $ 1,048,457 $ 2,941,740 $ 3,099,905
Operating expenses:        
Salaries, wages and benefits 524,658 533,451 1,510,047 1,588,378
Operating supplies and expenses 90,269 117,343 273,374 361,110
General supplies and expenses 27,383 33,633 86,872 97,584
Operating taxes and licenses 29,923 29,117 86,280 87,572
Insurance and claims 11,821 11,280 32,581 34,039
Communications and utilities 7,622 8,098 23,075 22,071
Depreciation and amortization 64,983 63,493 196,153 189,137
Purchased transportation 25,405 23,063 65,188 68,218
Miscellaneous expenses, net 5,858 11,452 15,590 21,354
Total operating expenses 787,922 830,930 2,289,160 2,469,463
Operating income 270,244 217,527 652,580 630,442
Non-operating expense (income):        
Interest expense 1,071 3 1,936 285
Interest income (123) (1,714) (1,602) (4,966)
Other expense, net 961 844 4,205 768
Total non-operating expense (income) 1,909 (867) 4,539 (3,913)
Income before income taxes 268,335 218,394 648,041 634,355
Provision for income taxes 66,467 54,295 165,191 162,861
Net income $ 201,868 $ 164,099 $ 482,850 $ 471,494
Earnings per share:        
Basic $ 1.72 $ 1.37 $ 4.09 $ 3.91
Diluted $ 1.71 $ 1.37 $ 4.07 $ 3.90
Weighted average shares outstanding:        
Basic 117,188,398 119,820,422 117,946,805 120,711,513
Diluted 117,933,440 119,984,153 118,696,836 120,882,836
Dividends declared per share $ 0.15 $ 0.11 $ 0.45 $ 0.34

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