v3.19.3
Condensed Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenue from operations $ 1,048,457 $ 1,058,233 $ 3,099,905 $ 3,016,751
Operating expenses:        
Salaries, wages and benefits 533,451 536,513 1,588,378 1,560,073
Operating supplies and expenses 117,343 127,557 361,110 370,059
General supplies and expenses 33,633 31,209 97,584 91,076
Operating taxes and licenses 29,117 27,952 87,572 82,905
Insurance and claims 11,280 12,069 34,039 34,510
Communications and utilities 8,098 8,215 22,071 22,700
Depreciation and amortization 63,493 58,086 189,137 167,802
Purchased transportation 23,063 25,373 68,218 73,157
Miscellaneous expenses, net 11,452 2,874 21,354 16,263
Total operating expenses 830,930 829,848 2,469,463 2,418,545
Operating income 217,527 228,385 630,442 598,206
Non-operating (income) expense:        
Interest expense 3 29 285 51
Interest income (1,714) (778) (4,966) (1,902)
Other expense (income), net 844 (70) 768 1,895
Total non-operating (income) expense (867) (819) (3,913) 44
Income before income taxes 218,394 229,204 634,355 598,162
Provision for income taxes 54,295 55,762 162,861 151,953
Net income $ 164,099 $ 173,442 $ 471,494 $ 446,209
Earnings per share:        
Basic $ 2.05 $ 2.12 $ 5.86 $ 5.44
Diluted $ 2.05 $ 2.12 $ 5.85 $ 5.43
Weighted average shares outstanding:        
Basic 79,880,281 81,885,262 80,474,342 82,067,519
Diluted 79,989,435 81,975,774 80,588,557 82,165,731
Dividends declared per share $ 0.17 $ 0.13 $ 0.51 $ 0.39

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