10-Q Filing

SAIA INC CIK: 1177702 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-389602`
Period End Date	20140930
Filing Date	20141030
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	saia-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 80 Cash Flow Statement 43

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$321.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$146.60M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$117.94M	USD	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`	$39.62M	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
Total current assets	`AssetsCurrent`	$193.46M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	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`	24.76M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$869.57M	USD	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
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$365.30M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$397.46M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.76M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.48M	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$472.12M	USD	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	201,936.00	shares	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	196,599.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$432.23M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.33M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.79M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.59M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.53M	USD	Point-in-time
Total assets	`Assets`	$679.49M	USD	Point-in-time
Total assets	`Assets`	$616.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.80M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$39.76M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$35.25M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$47.94M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$47.67M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$8.12M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$7.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$153.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$140.86M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$69.74M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$65.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.92M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.42M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$42.50M	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`	$177.11M	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, 24,757,065 and 24,478,544 shares issued and outstanding at September 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, 24,757,065 and 24,478,544 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$219.51M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$213.65M	USD	Point-in-time
Deferred compensation trust, 196,599 and 201,936 shares of common stock at cost at September 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 September 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`	$131.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$349.10M	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`	$679.49M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$332.54M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$859.44M	USD	3 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$293.09M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$962.67M	USD	3 Qtrs
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$147.31M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$428.47M	USD	3 Qtrs
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$166.35M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$476.78M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$55.02M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$18.91M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$77.40M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$27.48M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$80.21M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$75.80M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$241.44M	USD	3 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$232.96M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$27.00M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$27.98M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.07M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.03M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$30.65M	USD	3 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$6.61M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$6.96M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$18.09M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$44.26M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.77M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.74M	USD	1 Quarter
Operating (gain) loss, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-32.00K	USD	1 Quarter
Operating (gain) loss, net	`GainLossOnSaleOfPropertyPlantEquipment`	$296.00K	USD	1 Quarter
Operating (gain) loss, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-20.00K	USD	3 Qtrs
Operating (gain) loss, net	`GainLossOnSaleOfPropertyPlantEquipment`	$570.00K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$799.71M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$271.15M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$305.39M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$897.55M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$21.93M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$65.12M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$59.73M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$27.15M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.06M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.91M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.56M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.76M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$85.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$180.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$49.00K	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-4.73M	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.68M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-3.51M	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.08M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$61.61M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.26M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.07M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$55.00M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$23.19M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$9.79M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$19.44M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$7.35M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$16.28M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$38.42M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$35.56M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$12.91M	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.46M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.53M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.22M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.12M	shares	3 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.44M	shares	3 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.27M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.17M	shares	3 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.50M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.57	USD	3 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.47	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.41	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.51	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.42M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$35.56M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$44.26M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.77M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.74M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-6.10M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-2.91M	USD	3 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-3.23M	USD	3 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$8.68M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$92.02M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$67.56M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$100.80M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.77M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.59M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.06M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-97.74M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-77.18M	USD	3 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$278.89M	USD	3 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$166.94M	USD	3 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$270.58M	USD	3 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$208.81M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$4.16M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.71M	USD	3 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$11.07M	USD	3 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-586.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-20.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.75M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$33.92M	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.74M	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.08M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.24M	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`	$4.06M	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`	$7.24M	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`	$4.06M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$8.33M	USD	3 Qtrs

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