10-Q Filing

SAIA INC CIK: 1177702 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-291564`
Period End Date	20140630
Filing Date	20140801
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	saia-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 80 Cash Flow Statement 42

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`	$321.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$148.85M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$117.94M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$43.88M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$194.51M	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
Common stock, shares issued	`CommonStockSharesIssued`	24.48M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$797.53M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$863.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.69M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$389.04M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$365.30M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.48M	shares	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	196,599.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$474.15M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$432.23M	USD	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	201,936.00	shares	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.48M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.79M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.54M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.53M	USD	Point-in-time
Total assets	`Assets`	$682.69M	USD	Point-in-time
Total assets	`Assets`	$616.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.88M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$35.25M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$34.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$48.92M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$47.67M	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`	$153.45M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$69.74M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$88.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.92M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$68.47M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$41.93M	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`	$199.00M	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, 24,691,680 and 24,478,544 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 24,691,680 and 24,478,544 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$213.65M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$216.93M	USD	Point-in-time
Deferred compensation trust, 196,599 and 201,936 shares of common stock at cost at June 30, 2014 and December 31, 2013, respectively	`DeferredCompensationEquity`	$2.25M	USD	Point-in-time
Deferred compensation trust, 196,599 and 201,936 shares of common stock at cost at June 30, 2014 and December 31, 2013, respectively	`DeferredCompensationEquity`	$2.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$115.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$330.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$304.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$616.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$682.69M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$566.35M	USD	2 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$630.13M	USD	2 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$292.56M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$330.40M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$281.16M	USD	2 Qtrs
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$310.43M	USD	2 Qtrs
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$144.31M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$160.20M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$27.93M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$36.11M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$49.92M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$19.34M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$161.24M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$81.28M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$78.15M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$157.16M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$18.91M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.33M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.97M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$8.99M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$5.88M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$11.48M	USD	2 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$14.18M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$23.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.02M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.93M	USD	2 Qtrs
Operating gains, net	`GainLossOnSaleOfPropertyPlantEquipment`	$5.00K	USD	1 Quarter
Operating gains, net	`GainLossOnSaleOfPropertyPlantEquipment`	$12.00K	USD	2 Qtrs
Operating gains, net	`GainLossOnSaleOfPropertyPlantEquipment`	$274.00K	USD	2 Qtrs
Operating gains, net	`GainLossOnSaleOfPropertyPlantEquipment`	$102.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$269.30M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$592.16M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$307.66M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$528.56M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$23.26M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$37.97M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$37.79M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$22.74M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.15M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.62M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.49M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.18M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$29.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$95.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$65.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$35.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.59M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.43M	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-3.05M	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.14M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.60M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.54M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.67M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.74M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$8.03M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$12.09M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$13.40M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$8.17M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$22.14M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$13.57M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$13.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$22.66M	USD	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.48M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.07M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.43M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.16M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.12M	shares	2 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.22M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.45M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.40M	shares	2 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.94	USD	2 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.91	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.87	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.90	USD	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$22.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.66M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.02M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.93M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-2.53M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-4.32M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$8.52M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$17.22M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.98M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.88M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$67.08M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$72.09M	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.27M	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$421.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.82M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-66.66M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$103.78M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$191.43M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$153.16M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$213.85M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.56M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.66M	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$11.07M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$545.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-41.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.41M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.39M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.63M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.55M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$321.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	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`	$159.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time

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