10-Q Filing

SAIA INC CIK: 1177702 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-008886`
Period End Date	20150930
Filing Date	20151029
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	saia-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 80 Cash Flow Statement 46

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`	$7.24M	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`	$4.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$139.04M	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
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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$42.16M	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`	$185.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$189.64M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$975.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.87M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.14M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$891.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.14M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$407.50M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$443.33M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.87M	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$532.54M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	193,607.00	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	172,266.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$483.64M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$8.17M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$27.38M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.33M	USD	Point-in-time
Total assets	`Assets`	$686.45M	USD	Point-in-time
Total assets	`Assets`	$750.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.50M	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`	$32.46M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.49M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.18M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.03M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$154.49M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$73.90M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$69.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$78.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$77.78M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$35.73M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$36.76M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$189.06M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$182.67M	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, 25,136,476 and 24,871,806 shares issued and outstanding at September 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, 25,136,476 and 24,871,806 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$228.01M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$223.71M	USD	Point-in-time
Deferred compensation trust, 172,266 and 193,607 shares of common stock at cost at September 30, 2015 and December 31, 2014, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.20M	USD	Point-in-time
Deferred compensation trust, 172,266 and 193,607 shares of common stock at cost at September 30, 2015 and December 31, 2014, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$2.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$188.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$145.36M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$413.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$366.91M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$750.99M	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`	$933.70M	USD	3 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$962.67M	USD	3 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$332.54M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$317.20M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$166.35M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$505.82M	USD	3 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$177.62M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$476.78M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$57.21M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$27.48M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$77.40M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$19.31M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$241.44M	USD	3 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$80.21M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$201.43M	USD	3 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$65.12M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$27.00M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.03M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$27.77M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.26M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$20.34M	USD	3 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$30.65M	USD	3 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.15M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$6.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$44.26M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.52M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.34M	USD	1 Quarter
Operating losses, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-247.00K	USD	3 Qtrs
Operating losses, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-126.00K	USD	1 Quarter
Operating losses, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-20.00K	USD	3 Qtrs
Operating losses, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-32.00K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$297.35M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$305.39M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$897.55M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$861.34M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$27.15M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$19.84M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$65.12M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$72.36M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.03M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.06M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.56M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.13M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$49.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-46.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$19.00K	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.08M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-3.51M	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.08M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-3.11M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.77M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$61.61M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$69.25M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.07M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$25.62M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$6.99M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$9.79M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$23.19M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$38.42M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$43.63M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$16.28M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$11.78M	USD	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.53M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.90M	shares	3 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.46M	shares	3 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.96M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.52M	shares	3 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.55M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.50M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.44M	shares	3 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.75	USD	3 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.57	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.71	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.51	USD	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$38.42M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$43.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$44.26M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.52M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.34M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-6.10M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-5.54M	USD	3 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-3.23M	USD	3 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-16.35M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$92.02M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$114.04M	USD	3 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.24M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.77M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$68.83M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$665.00K	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.59M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-90.41M	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`	$217.91M	USD	3 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$197.91M	USD	3 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$270.58M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.82M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$4.16M	USD	3 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	3 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	3 Qtrs
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.25M	USD	3 Qtrs
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.00K	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$455.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-23.46M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.75M	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.08M	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$173.00K	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`	$4.54M	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`	$4.37M	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`	$4.54M	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`	$4.37M	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$8.33M	USD	3 Qtrs
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$23.98M	USD	3 Qtrs

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