10-Q Filing

SAIA INC CIK: 1177702 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-005920`
Period End Date	20150630
Filing Date	20150731
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	saia-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 80 Cash Flow Statement 44

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`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	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`	$146.20M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$44.13M	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
Total current assets	`AssetsCurrent`	$194.00M	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`	$189.64M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$891.14M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.87M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$957.35M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.87M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$429.70M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$407.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.13M	shares	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	170,413.00	shares	Point-in-time
Deferred compensation trust	`CommonStockDeferredCompensationShares`	193,607.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$483.64M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$527.65M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$29.42M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.17M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.28M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Total assets	`Assets`	$686.45M	USD	Point-in-time
Total assets	`Assets`	$756.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.94M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$28.78M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$38.84M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.18M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$49.02M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$11.21M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$149.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.48M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$97.42M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$73.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$74.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$78.41M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$36.76M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOther`	$34.69M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$189.06M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$206.33M	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, 25,128,631 and 24,871,806 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,128,631 and 24,871,806 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$226.89M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$223.71M	USD	Point-in-time
Deferred compensation trust, 170,413 and 193,607 shares of common stock at cost at June 30, 2015 and December 31, 2014, respectively	`DeferredCompensationEquity`	$2.19M	USD	Point-in-time
Deferred compensation trust, 170,413 and 193,607 shares of common stock at cost at June 30, 2015 and December 31, 2014, respectively	`DeferredCompensationEquity`	$3.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$145.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$177.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$366.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$400.99M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$756.34M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$686.45M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$630.13M	USD	2 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$323.48M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$616.50M	USD	2 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$330.40M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$160.20M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$170.47M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$310.43M	USD	2 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$328.19M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$37.90M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$20.18M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$27.93M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$49.92M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$81.28M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$136.31M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$69.17M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$161.24M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.41M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.97M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$18.51M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$8.99M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$14.18M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$6.36M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$11.20M	USD	2 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$23.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.93M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.09M	USD	1 Quarter
Operating losses (gains), net	`GainLossOnSaleOfPropertyPlantEquipment`	$12.00K	USD	2 Qtrs
Operating losses (gains), net	`GainLossOnSaleOfPropertyPlantEquipment`	$5.00K	USD	1 Quarter
Operating losses (gains), net	`GainLossOnSaleOfPropertyPlantEquipment`	$-121.00K	USD	2 Qtrs
Operating losses (gains), net	`GainLossOnSaleOfPropertyPlantEquipment`	$-52.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$292.20M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$563.99M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$592.16M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$307.66M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$22.74M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$31.28M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$37.97M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$52.51M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.07M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.09M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.49M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.18M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$35.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$65.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$14.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$65.00K	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.03M	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.06M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.14M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.43M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.22M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.49M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.54M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.60M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$13.40M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$8.03M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$10.97M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$18.63M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$13.57M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$31.85M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$19.25M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$22.14M	USD	2 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.48M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.94M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.87M	shares	2 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.43M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.45M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.53M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.40M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.56M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.91	USD	2 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.28	USD	2 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.25	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.87	USD	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.85M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.14M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.93M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.09M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-4.32M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$27.00K	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$8.52M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-3.46M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$46.88M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$67.05M	USD	2 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.24M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$67.08M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.47M	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$517.00K	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$421.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-66.66M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-78.19M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$131.50M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$191.43M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$213.85M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$144.50M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.63M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.56M	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.17M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$455.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$21.41M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.44M	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-704.00K	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.63M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	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`	$1.79M	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`	$3.66M	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`	$1.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$17.34M	USD	2 Qtrs

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