10-Q Filing

SAIA INC CIK: 1177702 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-020299`
Period End Date	20170930
Filing Date	20171027
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	saia-20170930.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`	$124.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$789.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$172.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$135.08M	USD	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$29.86M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$28.40M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Total current assets	`AssetsCurrent`	$200.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.32M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.26B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.10B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.49M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$538.07M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.32M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$497.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.49M	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$722.79M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	166,807.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$604.12M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	170,900.00	shares	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$24.37M	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`	$4.96M	USD	Point-in-time
Total assets	`Assets`	$800.37M	USD	Point-in-time
Total assets	`Assets`	$952.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.74M	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`	$44.14M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$33.05M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$37.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.84M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.29M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$17.07M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$183.50M	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`	$110.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$90.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$80.20M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$37.24M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$35.11M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$172.35M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$237.47M	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, 25,490,381 and 25,322,701 shares issued and outstanding at September 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, 25,490,381 and 25,322,701 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$237.85M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$243.38M	USD	Point-in-time
Deferred compensation trust, 170,900 and 166,807 shares of common stock at cost at September 30, 2017 and December 31, 2016, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.45M	USD	Point-in-time
Deferred compensation trust, 170,900 and 166,807 shares of common stock at cost at September 30, 2017 and December 31, 2016, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$248.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$291.79M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$531.75M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$483.08M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$952.72M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$800.37M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$316.44M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$1.03B	USD	3 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$918.26M	USD	3 Qtrs
Operating Revenue	`SalesRevenueServicesNet`	$350.06M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$178.69M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$194.92M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$524.88M	USD	3 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$572.21M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$60.21M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$15.66M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$42.44M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$23.07M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$196.76M	USD	3 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$59.34M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$66.68M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$172.41M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$10.06M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$10.63M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$32.09M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$30.23M	USD	3 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$28.95M	USD	3 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$28.01M	USD	3 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$8.54M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.61M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$56.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.93M	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$469.00K	USD	3 Qtrs
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-133.00K	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$717.00K	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-496.00K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$953.42M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$293.80M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$856.31M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$325.46M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$61.95M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$71.84M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$24.60M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$22.64M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.41M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.76M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.31M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.18M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$104.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-57.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$147.00K	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.08M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-3.82M	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-3.26M	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.18M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.69M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.57M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$68.02M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.42M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$7.74M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$21.01M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$24.62M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$9.01M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$14.41M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$43.40M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$37.68M	USD	3 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.04M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.53M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.49M	shares	3 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.02M	shares	3 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.05M	shares	3 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.66M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.62M	shares	3 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.11M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.51	USD	3 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.70	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.47	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$37.68M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.61M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$56.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.93M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-8.91M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-18.81M	USD	3 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-921.00K	USD	3 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-14.81M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$118.31M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$127.74M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.87M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.68M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.05M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.09M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-107.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-152.59M	USD	3 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$143.30M	USD	3 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$159.10M	USD	3 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$193.60M	USD	3 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$143.26M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.53M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$248.00K	USD	3 Qtrs
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$650.00K	USD	3 Qtrs
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.25M	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 leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.81M	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$8.82M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$23.39M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.82M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.46M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$665.00K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$124.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$789.00K	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`	$81.00K	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`	$789.00K	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$31.32M	USD	3 Qtrs
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$34.68M	USD	3 Qtrs

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