10-Q Filing

SAIA INC CIK: 1177702 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-009580`
Period End Date	20180331
Filing Date	20180427
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	saia-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 40 Cash Flow Statement 40

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`	$711.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$496.00K	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`	$4.72M	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`	$170.28M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$191.44M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$34.07M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$28.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$203.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$226.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.29B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.55M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.68M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.33B	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$554.21M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$573.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.68M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.55M	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	160,379.00	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	170,310.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$735.78M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$760.86M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$24.03M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$23.69M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.26M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Total assets	`Assets`	$967.32M	USD	Point-in-time
Total assets	`Assets`	$1.02B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.87M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$39.75M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$38.94M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$35.85M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$39.05M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.03M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.81M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$14.79M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$14.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$166.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$178.68M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$127.78M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$118.83M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$59.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$61.03M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$39.64M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$40.66M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$229.48M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$217.90M	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, 25,680,415 and 25,551,617 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,680,415 and 25,551,617 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$246.45M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$250.23M	USD	Point-in-time
Deferred compensation trust, 160,379 and 170,310 shares of common stock at cost at March 31, 2018 and December 31, 2017, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.49M	USD	Point-in-time
Deferred compensation trust, 160,379 and 170,310 shares of common stock at cost at March 31, 2018 and December 31, 2017, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$339.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$360.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$582.49M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$607.39M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.02B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$967.32M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`SalesRevenueServicesNet`	$392.81M	USD	1 Quarter
Operating Revenue	`SalesRevenueServicesNet`	$323.09M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$211.12M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$180.90M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$20.82M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$29.92M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$63.99M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$78.79M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$12.15M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$10.58M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.05M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$10.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.09M	USD	1 Quarter
Loss from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-132.00K	USD	1 Quarter
Loss from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-21.00K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$305.56M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$365.23M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$17.53M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$27.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$911.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$103.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-98.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.12M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.01M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.52M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.46M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$5.33M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$5.12M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$11.39M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$21.12M	USD	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.70M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.23M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.31M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.97M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.09M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-5.41M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-3.61M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$12.77M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$12.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$35.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$24.13M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$46.88M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$88.39M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$607.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-46.78M	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`	$42.72M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$80.62M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$50.55M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.29M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$4.02M	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.21M	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.30M	USD	1 Quarter
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$3.49M	USD	1 Quarter
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.44M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$62.83M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$7.05M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-828.00K	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.22M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$711.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$496.00K	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`	$4.72M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$711.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$496.00K	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`	$4.72M	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$5.32M	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.