10-Q Filing

SAIA INC CIK: 1177702 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-208239`
Period End Date	20120331
Filing Date	20120503
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	saia-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 40 Cash Flow Statement 30

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.05M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$120.74M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$107.44M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$34.06M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$29.21M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$150.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$142.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.99M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$669.35M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$700.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.94M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$344.89M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.94M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$342.99M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.99M	shares	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	139,324.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$357.14M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$324.45M	USD	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	140,644.00	shares	Point-in-time
Identifiable Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$1.38M	USD	Point-in-time
Identifiable Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$1.45M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$6.17M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$6.38M	USD	Point-in-time
Total assets	`Assets`	$474.89M	USD	Point-in-time
Total assets	`Assets`	$514.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.78M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$25.51M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$21.18M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$41.83M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$41.24M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$22.14M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$22.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$143.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.35M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$64.31M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$50.71M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$51.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$51.29M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$29.23M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$29.95M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$145.55M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$131.24M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 50,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 50,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 15,993,881 and 15,937,821 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$16.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 15,993,881 and 15,937,821 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$16.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$203.79M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$204.56M	USD	Point-in-time
Deferred compensation trust,140,644 and 139,324 shares of common stock at cost at March 31, 2012 and December 31, 2011, respectively	`DeferredCompensationEquity`	$2.22M	USD	Point-in-time
Deferred compensation trust,140,644 and 139,324 shares of common stock at cost at March 31, 2012 and December 31, 2011, respectively	`DeferredCompensationEquity`	$2.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$219.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$225.58M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$514.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$474.89M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$268.69M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$243.02M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$122.74M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$131.70M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$21.07M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$19.31M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$-79.40M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$-69.94M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.36M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.87M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$7.25M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$6.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.57M	USD	1 Quarter
Operating gains, net	`GainLossOnSaleOfPropertyPlantEquipment`	$219.00K	USD	1 Quarter
Operating gains, net	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$238.93M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$257.64M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$11.05M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$4.09M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.96M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$95.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$91.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.91M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.87M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.18M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.18M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$470.00K	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$3.64M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$713.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.54M	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.83M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.77M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.36M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.12M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$713.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.57M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-742.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$1.25M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-8.35M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$11.03M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-999.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.05M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.11M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.59M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.36M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$61.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.04M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.24M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$62.93M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$76.52M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$336.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.93M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.04M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.26M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.05M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.32M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.05M	USD	Point-in-time

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