10-Q Filing

SAIA INC CIK: 1177702 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-007752`
Period End Date	20170331
Filing Date	20170428
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	saia-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 40 Cash Flow Statement 39

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`	$1.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$238.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$711.00K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$148.97M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$135.08M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$29.86M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$34.97M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$184.65M	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`	$166.48M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.14M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.22B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.45M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.10B	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$504.32M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$497.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.14M	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	165,971.00	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	169,907.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$604.12M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$712.39M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$25.05M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$25.40M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.37M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.11M	USD	Point-in-time
Total assets	`Assets`	$800.37M	USD	Point-in-time
Total assets	`Assets`	$927.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$70.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.15M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.70M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$33.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.33M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$19.18M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$174.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$144.94M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$57.04M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$137.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$82.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$80.20M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$35.11M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$36.90M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$257.37M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$172.35M	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, 25,446,515 and 25,141,799 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,446,515 and 25,141,799 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$239.00M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$237.85M	USD	Point-in-time
Deferred compensation trust, 169,907 and 165,971 shares of common stock at cost at March 31, 2017 and December 31, 2016, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.34M	USD	Point-in-time
Deferred compensation trust, 169,907 and 165,971 shares of common stock at cost at March 31, 2017 and December 31, 2016, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$259.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$248.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$483.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$495.47M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$927.20M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$800.37M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$289.91M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$317.04M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$180.90M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$170.27M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$14.78M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$12.47M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$63.99M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$54.04M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$10.04M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$10.58M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$8.08M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.09M	USD	1 Quarter
Loss from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-190.00K	USD	1 Quarter
Loss from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-132.00K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$272.33M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$299.52M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$17.58M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$17.52M	USD	1 Quarter
Interest expense	`InterestExpense`	$911.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$963.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$7.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-98.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.01M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-956.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.63M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.51M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$6.05M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$5.12M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$11.39M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$10.57M	USD	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.00M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.23M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.97M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.45M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.09M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.70M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-5.41M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$12.76M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$12.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$24.13M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.96M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.99M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$88.39M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$367.00K	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$607.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-53.63M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-87.78M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$15.44M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$26.74M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$80.62M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$65.56M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.29M	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$650.00K	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.21M	USD	1 Quarter
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.44M	USD	1 Quarter
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.39M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$62.83M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$36.79M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$114.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-828.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	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`	$238.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$711.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	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`	$238.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$711.00K	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$10.03M	USD	1 Quarter
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$20.37M	USD	1 Quarter

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