Consolidated Statements of Income - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 24, 2022 |
Sep. 30, 2023 |
Sep. 24, 2022 |
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| Revenue | $ 1,289,345 | $ 1,816,132 | $ 4,098,877 | $ 5,761,795 | | |
| Investment income | 3,022 | 716 | 6,874 | 2,023 | ||
| Costs and expenses: | ||||||
| Purchased transportation | 986,743 | 1,416,323 | 3,141,234 | 4,512,341 | ||
| Commissions to agents | 115,244 | 154,125 | 363,397 | 465,759 | ||
| Other operating costs, net of gains on asset sales/dispositions | 15,158 | 13,356 | 40,998 | 34,878 | ||
| Insurance and claims | 29,540 | 31,445 | 86,971 | 96,265 | ||
| Selling, general and administrative | 50,975 | 53,519 | 159,071 | 165,199 | ||
| Depreciation and amortization | 14,359 | 14,582 | 44,498 | 42,627 | ||
| Total costs and expenses | 1,212,019 | 1,683,350 | 3,836,169 | 5,317,069 | | |
| Operating income | 80,348 | 133,498 | 269,582 | 446,749 | | |
| Interest and debt (income) expense | (1,046) | 1,047 | (2,079) | 3,275 | | |
| Total Other Income Expenses | -1046.0 | 1047.0 | -2079.0 | 3275.0 | 0 | |
| Income before income taxes | 81,394 | 132,451 | 271,661 | 443,474 | | |
| Income taxes | 19,741 | 32,233 | 65,254 | 105,862 | | |
| Net income | $ 61,653 | $ 100,218 | $ 206,407 | $ 337,612 | | |
| Basic earnings per share | $ 1.71 | $ 2.76 | $ 5.74 | $ 9.15 | ||
| Diluted earnings per share | $ 1.71 | $ 2.76 | $ 5.74 | $ 9.15 | ||
| Average basic shares outstanding | 35,951,000 | 36,334,000 | 35,958,000 | 36,886,000 | ||
| Average diluted shares outstanding | 35,951,000 | 36,334,000 | 35,958,000 | 36,886,000 | ||
| Dividends per common share | $ 0.33 | $ 0.3 | $ 0.93 | $ 0.8 | ||
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- Definition Interest and debt (income) expense. No definition available.
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- Definition The cost of purchased transportation and transportation-related services of third party capacity providers of various modes for the carriage of customer freight during the period. No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Insurance and claims costs directly related to goods produced and sold, or services rendered, during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Primarily represents commissions incurred in the period based upon the sale by commissioned employees or third parties of the entity's goods or services, and fees for sales assistance or product enhancements performed by third parties (such as a distributor or value added reseller). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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