10-Q Filing

SAIA INC CIK: 1177702 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-014402`
Period End Date	20170630
Filing Date	20170728
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	saia-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 80 Cash Flow Statement 46

Balance Sheet 76 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`	$399.00K	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`	$360.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.00K	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$167.01M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$30.22M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$29.86M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$166.48M	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`	$197.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.14M	shares	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
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.23B	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$520.68M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$497.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.14M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.45M	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$604.12M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	165,971.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$713.22M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	171,927.00	shares	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$25.40M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$24.71M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.77M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.37M	USD	Point-in-time
Total assets	`Assets`	$800.37M	USD	Point-in-time
Total assets	`Assets`	$940.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.15M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$40.87M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.70M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$33.05M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$36.13M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.29M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.28M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.76M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$144.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$167.70M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$57.04M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$131.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$80.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$87.08M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$35.11M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$38.85M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$257.63M	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, 25,450,399 and 25,141,799 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,450,399 and 25,141,799 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$241.06M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$237.85M	USD	Point-in-time
Deferred compensation trust, 171,927 and 165,971 shares of common stock at cost at June 30, 2017 and December 31, 2016, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.47M	USD	Point-in-time
Deferred compensation trust, 171,927 and 165,971 shares of common stock at cost at June 30, 2017 and December 31, 2016, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$277.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$248.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$515.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$483.08M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$800.37M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$940.33M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$358.16M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$675.20M	USD	2 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$311.90M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$601.82M	USD	2 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$377.29M	USD	2 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$196.39M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$346.19M	USD	2 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$175.92M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$37.14M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$14.31M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$26.78M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$22.36M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$130.08M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$113.07M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$59.03M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$66.09M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$20.17M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$21.46M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$10.88M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$10.13M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$18.96M	USD	2 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$10.43M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$19.48M	USD	2 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$10.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.98M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.27M	USD	2 Qtrs
Loss from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-363.00K	USD	2 Qtrs
Loss from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-248.00K	USD	2 Qtrs
Loss from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-116.00K	USD	1 Quarter
Loss from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-173.00K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$290.18M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$562.51M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$627.96M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$328.44M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$39.30M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$29.72M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$21.72M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$47.24M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.23M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.45M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.54M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-90.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$36.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$43.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-188.00K	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.23M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.64M	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.63M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.18M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.49M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$44.60M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.12M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.09M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$7.22M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$13.27M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$15.61M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$10.49M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$23.85M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$13.28M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$17.60M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$28.99M	USD	2 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.50M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.03M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.01M	shares	2 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.48M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.58M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.00M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.56M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.98M	shares	2 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.14	USD	2 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.95	USD	2 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.12	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.93	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$23.85M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.99M	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`	$22.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.27M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-14.38M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-6.35M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$6.32M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$720.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$79.32M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$66.46M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$102.14M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$127.33M	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$923.00K	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$595.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-126.41M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-101.55M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$73.37M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$70.39M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$125.40M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$116.13M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$248.00K	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.29M	USD	2 Qtrs
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.21M	USD	2 Qtrs
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$650.00K	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`	$3.46M	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.57M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$35.32M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$45.95M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$236.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.14M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$399.00K	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`	$124.00K	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`	$399.00K	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`	$124.00K	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$34.68M	USD	2 Qtrs
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$28.69M	USD	2 Qtrs

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