10-Q Filing

SAIA INC CIK: 1177702 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-018461`
Period End Date	20180630
Filing Date	20180801
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	saia-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 80 Cash Flow Statement 43

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`	$4.72M	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`	$1.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$399.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$200.64M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$170.28M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$30.85M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$28.25M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.25M	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`	$232.69M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.42B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.29B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.55M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$554.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.55M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$594.68M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$735.78M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	170,310.00	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	155,714.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$824.68M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$23.35M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$24.03M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.26M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.24M	USD	Point-in-time
Total assets	`Assets`	$967.32M	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.44M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$46.74M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$39.75M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$41.33M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$35.85M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.81M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$29.63M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$14.08M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$166.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$205.58M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$118.83M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$138.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$59.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$63.42M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$38.83M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$39.64M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$217.90M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$240.41M	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, 25,692,567 and 25,551,617 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,692,567 and 25,551,617 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$252.54M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$246.45M	USD	Point-in-time
Deferred compensation trust, 155,714 and 170,310 shares of common stock at cost at June 30, 2018 and December 31, 2017, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.49M	USD	Point-in-time
Deferred compensation trust, 155,714 and 170,310 shares of common stock at cost at June 30, 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`	$390.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$582.49M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$639.97M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$967.32M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$364.40M	USD	1 Quarter
Operating Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$821.54M	USD	2 Qtrs
Operating Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$687.49M	USD	2 Qtrs
Operating Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$428.73M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$377.29M	USD	2 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$431.53M	USD	2 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$196.39M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$220.41M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$49.46M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$64.03M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$34.11M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$28.64M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$130.08M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$163.54M	USD	2 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$66.09M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$84.75M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$24.94M	USD	2 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$12.79M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$21.46M	USD	2 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$10.88M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$19.48M	USD	2 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$10.43M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$20.10M	USD	2 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.24M	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-248.00K	USD	2 Qtrs
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$42.00K	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$21.00K	USD	2 Qtrs
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-116.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$752.39M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$334.72M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$640.28M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$387.17M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$69.14M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$29.69M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$41.56M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$47.21M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.68M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.45M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-90.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$142.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$245.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-188.00K	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.31M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.44M	USD	2 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.63M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-2.64M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$44.58M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$40.25M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.06M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$66.71M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$9.97M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$10.49M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$15.61M	USD	2 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$15.30M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$30.28M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$28.97M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$17.57M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$51.41M	USD	2 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.50M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.73M	shares	2 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.77M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.48M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.00M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.98M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.33M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.35M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$2.00	USD	2 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.18	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.14	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.95	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.12	USD	2 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.15	USD	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$28.97M	USD	2 Qtrs
Net income	`ProfitLoss`	$51.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.24M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-14.38M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-9.39M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$6.30M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-3.05M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$79.32M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.12M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$118.57M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$127.33M	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$418.00K	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$923.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-126.41M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-118.16M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$70.39M	USD	2 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$92.47M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$99.47M	USD	2 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$125.40M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$4.17M	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`	$1.32M	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.57M	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$7.34M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.95M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.51M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.14M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.53M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.72M	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`	$1.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$399.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.72M	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`	$1.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$399.00K	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$22.42M	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.