10-Q Filing

SAIA INC CIK: 1177702 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-172330`
Period End Date	20140331
Filing Date	20140430
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	saia-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 40 Cash Flow Statement 34

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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$842.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$321.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$437.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$141.92M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$117.94M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$43.61M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$52.16M	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
Total current assets	`AssetsCurrent`	$186.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$170.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$797.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.48M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.66M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$820.39M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.66M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$365.30M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$377.11M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$432.23M	USD	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	197,699.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$443.28M	USD	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	201,936.00	shares	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.63M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.79M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.53M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.56M	USD	Point-in-time
Total assets	`Assets`	$616.80M	USD	Point-in-time
Total assets	`Assets`	$643.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.10M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$35.25M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$29.82M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$47.67M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$52.81M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$7.14M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$7.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$140.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.87M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$69.74M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$72.58M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$68.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.92M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$32.05M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$31.50M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$171.15M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$173.24M	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, 24,662,205 and 24,478,544 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 24,662,205 and 24,478,544 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$215.00M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$213.65M	USD	Point-in-time
Deferred compensation trust, 197,699 and 201,936 shares of common stock at cost at March 31, 2014 and December 31, 2013, respectively	`DeferredCompensationEquity`	$2.25M	USD	Point-in-time
Deferred compensation trust, 197,699 and 201,936 shares of common stock at cost at March 31, 2014 and December 31, 2013, respectively	`DeferredCompensationEquity`	$2.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$101.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$314.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$304.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$643.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$616.80M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$273.80M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$299.73M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$150.22M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$136.85M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$21.99M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$16.77M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$79.00M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$79.96M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$8.97M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.58M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.52M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$5.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.84M	USD	1 Quarter
Operating gains, net	`GainLossOnSaleOfProperty`	$172.00K	USD	1 Quarter
Operating gains, net	`GainLossOnSaleOfProperty`	$7.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$284.50M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$259.26M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$14.53M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$15.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.53M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.32M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$66.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.29M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.46M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.95M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.07M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$5.37M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$3.92M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$8.58M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.38M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.98M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.36M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.95M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.84M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.43M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.05M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$20.35M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$15.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.12M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.02M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.72M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.38M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$156.00K	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$710.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.01M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.22M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$116.30M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$58.50M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$119.13M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$56.55M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.96M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.06M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.79M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-887.00K	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$683.00K	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$116.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$842.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$321.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$437.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$842.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$321.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$437.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time

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