10-Q Filing

HEARTLAND EXPRESS INC CIK: 799233 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000799233-12-000030`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	htld-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 48 Cash Flow Statement 48 Stockholders Equity 11 Comprehensive Income 2

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value or stated value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value or stated value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$172.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.73M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value or stated value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$50.12M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$44.20M	USD	Point-in-time
Common stock, par value or stated value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid tires	`OtherPrepaidExpenseCurrent`	$12.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	395.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	395.00M	shares	Point-in-time
Prepaid tires	`OtherPrepaidExpenseCurrent`	$11.93M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	90.69M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.93M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	90.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.47M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$314.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.47M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.21M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$15.21M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.21M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$14.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$253.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$213.44M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.45M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.45M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$26.76M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$26.76M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$2.27M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$2.27M	USD	Point-in-time
Shop and service equipment	`MachineryAndEquipmentGross`	$7.32M	USD	Point-in-time
Shop and service equipment	`MachineryAndEquipmentGross`	$7.32M	USD	Point-in-time
Revenue equipment	`RevenueEquipment`	$355.90M	USD	Point-in-time
Revenue equipment	`RevenueEquipment`	$348.22M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$402.03M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$409.71M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$161.27M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$168.38M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$248.44M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$233.65M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$50.54M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$50.57M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.82M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.82M	USD	Point-in-time
OTHER ASSETS	`RestrictedCashAndInvestmentsNoncurrent`	$8.41M	USD	Point-in-time
OTHER ASSETS	`RestrictedCashAndInvestmentsNoncurrent`	$8.46M	USD	Point-in-time
Assets	`Assets`	$550.67M	USD	Point-in-time
Assets	`Assets`	$525.67M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.09M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.30M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$16.31M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.49M	USD	Point-in-time
Insurance accruals	`SelfInsuranceReserveCurrent`	$14.00M	USD	Point-in-time
Insurance accruals	`SelfInsuranceReserveCurrent`	$13.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.49M	USD	Point-in-time
Other accruals	`OtherAccruedLiabilitiesCurrent`	$8.03M	USD	Point-in-time
Other accruals	`OtherAccruedLiabilitiesCurrent`	$7.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.88M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$24.08M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$22.39M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$55.42M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$57.66M	USD	Point-in-time
Insurance accruals less current portion	`SelfInsuranceReserveNoncurrent`	$56.45M	USD	Point-in-time
Insurance accruals less current portion	`SelfInsuranceReserveNoncurrent`	$57.49M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$139.23M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$134.26M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.01; authorized 5,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01; authorized 5,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Capital stock, common, $.01 par value; authorized 395,000 shares; issued 90,689 in 2012 and 2011, outstanding, 86,475 in 2012 and 2011, respectively	`CommonStockValue`	$907.00K	USD	Point-in-time
Capital stock, common, $.01 par value; authorized 395,000 shares; issued 90,689 in 2012 and 2011, outstanding, 86,475 in 2012 and 2011, respectively	`CommonStockValue`	$907.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$589.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$398.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$413.56M	USD	Point-in-time
Treasury stock, at cost; 4,214 shares in 2012 and 2011	`TreasuryStockValue`	$56.35M	USD	Point-in-time
Treasury stock, at cost; 4,214 shares in 2012 and 2011	`TreasuryStockValue`	$56.35M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.08M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$356.52M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$340.77M	USD	Point-in-time
Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$550.67M	USD	Point-in-time
Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$525.67M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`Revenues`	$134.83M	USD	1 Quarter
Operating Revenue	`Revenues`	$127.69M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$42.20M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$42.00M	USD	1 Quarter
Rent and purchased transportation	`RentAndPurchasedTransportation`	$1.94M	USD	1 Quarter
Rent and purchased transportation	`RentAndPurchasedTransportation`	$1.66M	USD	1 Quarter
Fuel	`FuelCosts`	$42.70M	USD	1 Quarter
Fuel	`FuelCosts`	$39.15M	USD	1 Quarter
Operations and maintenance	`CostOfServicesMaintenanceCosts`	$5.10M	USD	1 Quarter
Operations and maintenance	`CostOfServicesMaintenanceCosts`	$5.65M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$2.31M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$2.08M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$2.51M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$2.49M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$747.00K	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$644.00K	USD	1 Quarter
Depreciation	`Depreciation`	$13.94M	USD	1 Quarter
Depreciation	`Depreciation`	$12.38M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$3.48M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$3.98M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$3.87M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$4.21M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$111.06M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$105.82M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.87M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$237.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$142.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.92M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.11M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$7.33M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$7.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.59M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$14.88M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$16.59M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.47M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	90.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.83M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.59M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$12.53M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$14.11M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.54M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.05M	USD	1 Quarter
Amortization of stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Amortization of stock-based compensation	`ShareBasedCompensation`	$902.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$3.87M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$4.21M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$5.92M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$4.99M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.45M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.23M	USD	1 Quarter
Accounts payable, accrued liabilities, and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.93M	USD	1 Quarter
Accounts payable, accrued liabilities, and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.28M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.12M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.94M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.36M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.19M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.67M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.43M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.98M	USD	1 Quarter
Maturity and calls of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$15.43M	USD	1 Quarter
Maturity and calls of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$25.00K	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInRestrictedCash`	$51.00K	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInRestrictedCash`	$-8.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.18M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$670.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$32.54M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.61M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.77M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$172.31M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.12M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$145.73M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$139.77M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$172.31M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$121.12M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$145.73M	USD	Point-in-time
Cash paid during the period for income taxes, net of refunds	`IncomeTaxesPaidNet`	$545.00K	USD	1 Quarter
Cash paid during the period for income taxes, net of refunds	`IncomeTaxesPaidNet`	$1.26M	USD	1 Quarter
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$986.00K	USD	1 Quarter
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.36M	USD	1 Quarter
Common stock dividends declared in accounts payable	`CommonStockDividendsDeclaredInAccountsPayable`	$1.81M	USD	1 Quarter
Common stock dividends declared in accounts payable	`CommonStockDividendsDeclaredInAccountsPayable`	$1.74M	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$356.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$340.77M	USD	Point-in-time
Net income	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.59M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Dividends on common stock	`DividendsCommonStock`	$-1.74M	USD	1 Quarter
Stock-based Compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based Compensation	`ShareBasedCompensation`	$902.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$356.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$340.77M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Dividends on common stock per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Dividends on common stock per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.