10-Q Filing

SAIA INC CIK: 1177702 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-161921`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	saia-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 40 Cash Flow Statement 37

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`	$842.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$128.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$140.33M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$55.49M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$56.90M	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`	$189.64M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$196.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.87M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.09M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$924.47M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$891.14M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$407.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.09M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$417.27M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.87M	shares	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	193,607.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$507.19M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$483.64M	USD	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	202,407.00	shares	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$30.99M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.17M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.32M	USD	Point-in-time
Total assets	`Assets`	$686.45M	USD	Point-in-time
Total assets	`Assets`	$739.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.39M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$28.78M	USD	Point-in-time
Wages, vacation and employees' benefits	`EmployeeRelatedLiabilitiesCurrent`	$33.19M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$46.95M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.18M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.56M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$147.04M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$98.08M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$73.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$76.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$78.41M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$38.30M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$36.76M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$213.23M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$189.06M	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, 25,089,833 and 24,871,806 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,089,833 and 24,871,806 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$223.85M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$223.71M	USD	Point-in-time
Deferred compensation trust, 202,407 and 193,607 shares of common stock at cost at March 31, 2015 and December 31, 2014, respectively	`DeferredCompensationEquity`	$2.19M	USD	Point-in-time
Deferred compensation trust, 202,407 and 193,607 shares of common stock at cost at March 31, 2015 and December 31, 2014, respectively	`DeferredCompensationEquity`	$2.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$145.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$157.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$379.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$366.91M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$686.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$739.52M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$293.02M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$299.73M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$157.73M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$150.22M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$21.99M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$17.71M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$67.14M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$79.96M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.10M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$8.97M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$4.84M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.20M	USD	1 Quarter
Operating losses (gains), net	`GainLossOnSaleOfPropertyPlantEquipment`	$7.00K	USD	1 Quarter
Operating losses (gains), net	`GainLossOnSaleOfPropertyPlantEquipment`	$-69.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$284.50M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$271.79M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$15.23M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$21.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.02M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$51.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-968.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.29M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.27M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.95M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$5.37M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$7.66M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$12.61M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$8.58M	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.80M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.38M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.36M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.51M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.20M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.05M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.06M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$3.70M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$20.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.12M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.16M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$23.08M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.06M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.38M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$294.00K	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$156.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.22M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-52.85M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$72.28M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$116.30M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$119.13M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$93.85M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.96M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.84M	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-900.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.52M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.79M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$683.00K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.17M	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`	$4.37M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$196.00K	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`	$4.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$196.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$3.47M	USD	1 Quarter

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