10-Q Filing

SAIA INC CIK: 1177702 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-021800`
Period End Date	20160630
Filing Date	20160729
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	saia-20160630.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`	$4.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$360.00K	USD	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$124.22M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$142.33M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$29.45M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$34.64M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$158.99M	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`	$172.14M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$995.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.14M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.11B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.21M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$456.33M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.14M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$481.09M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.21M	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	170,027.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$625.91M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	165,971.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$539.18M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$26.23M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`Goodwill`	$26.99M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.04M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.62M	USD	Point-in-time
Total assets	`Assets`	$729.19M	USD	Point-in-time
Total assets	`Assets`	$828.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.68M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$27.83M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$33.62M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$46.36M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$45.01M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.63M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$144.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$141.38M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$56.54M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$122.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$71.67M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$35.35M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$35.97M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$229.77M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$159.92M	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, 25,207,381 and 25,141,799 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,207,381 and 25,141,799 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$230.59M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$233.20M	USD	Point-in-time
Deferred compensation trust, 170,027 and 165,971 shares of common stock at cost at June 30, 2016 and December 31, 2015, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.25M	USD	Point-in-time
Deferred compensation trust, 170,027 and 165,971 shares of common stock at cost at June 30, 2016 and December 31, 2015, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$200.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$224.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$427.89M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$454.20M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$729.19M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$828.91M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$601.82M	USD	2 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$616.50M	USD	2 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$311.90M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$323.48M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$170.47M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$346.19M	USD	2 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$328.19M	USD	2 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$175.92M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$37.90M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$14.31M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$20.18M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$26.78M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$136.31M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$113.07M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$69.17M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$59.03M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$9.41M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$10.13M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$18.51M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$20.17M	USD	2 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$11.20M	USD	2 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$6.36M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$10.88M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$18.96M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.98M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.56M	USD	1 Quarter
Operating losses, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-363.00K	USD	2 Qtrs
Operating losses, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-121.00K	USD	2 Qtrs
Operating losses, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-173.00K	USD	1 Quarter
Operating losses, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-52.00K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$562.51M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$290.18M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$563.99M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$292.20M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$21.72M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$52.51M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$31.28M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$39.30M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.23M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.09M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.07M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$14.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$43.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$36.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$65.00K	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.06M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.23M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.18M	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.03M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.49M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.22M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.49M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.12M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$13.27M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$18.63M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$7.22M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$10.97M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$31.85M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$23.85M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$13.28M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$19.25M	USD	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.03M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.87M	shares	2 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.01M	shares	2 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.94M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.58M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.53M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.56M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.56M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
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`	$0.95	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.93	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.25	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$31.85M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$23.85M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.98M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.56M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-6.35M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$27.00K	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-3.46M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$1.37M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$67.05M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$65.81M	USD	2 Qtrs
Acquisition of business, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.24M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$102.14M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.47M	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$595.00K	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$517.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-78.19M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-101.55M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$73.37M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$131.50M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$116.13M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$144.50M	USD	2 Qtrs
Proceeds from stock option exercises (including excess tax benefits)	`ProceedsFromStockOptionsExercised`	$2.63M	USD	2 Qtrs
Proceeds from stock option exercises (including excess tax benefits)	`ProceedsFromStockOptionsExercised`	$248.00K	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.17M	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$3.46M	USD	2 Qtrs
Other financing activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-455.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$35.97M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.44M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-704.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$236.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.37M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$124.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$360.00K	USD	Point-in-time
Cash and cash equivalents, beginning 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`	$124.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$360.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$34.68M	USD	2 Qtrs
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.