Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

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Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue from operations $ 1,126,515 $ 987,364
Operating expenses:    
Salaries, wages and benefits 545,659 524,483
Operating supplies and expenses 124,156 107,693
General supplies and expenses 31,168 33,608
Operating taxes and licenses 31,266 29,314
Insurance and claims 12,922 9,850
Communications and utilities 8,196 8,191
Depreciation and amortization 63,987 65,435
Purchased transportation 34,714 20,800
Miscellaneous expenses, net 4,790 4,820
Total operating expenses 856,858 804,194
Operating income 269,657 183,170
Non-operating expense (income):    
Interest expense 507 100
Interest income (286) (1,248)
Other expense, net 128 3,617
Total non-operating expense 349 2,469
Income before income taxes 269,308 180,701
Provision for income taxes 69,949 47,524
Net income $ 199,359 $ 133,177
Earnings per share:    
Basic $ 1.71 $ 1.12
Diluted $ 1.70 $ 1.11
Weighted average shares outstanding:    
Basic 116,497,893 119,050,174
Diluted 117,255,740 119,805,572
Dividends declared per share $ 0.20 $ 0.15