10-Q Filing

SAIA INC CIK: 1177702 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-025837`
Period End Date	20180930
Filing Date	20181031
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	saia-20180930.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
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`	$81.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$529.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$197.97M	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$26.16M	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$28.25M	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`	$203.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$224.66M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.45B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.55M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.69M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.29B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.55M	shares	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$554.21M	USD	Point-in-time
Less-accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$609.32M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.69M	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	140,882.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$835.73M	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
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$24.03M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$23.00M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.26M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$4.71M	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$967.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.44M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$53.17M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$39.75M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$35.85M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$39.85M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.81M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$37.08M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$14.08M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$17.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$166.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$209.75M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$103.72M	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`	$65.89M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$39.64M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$39.44M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$217.90M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$209.05M	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, 25,693,651 and 25,551,617 shares issued and outstanding at September 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, 25,693,651 and 25,551,617 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$253.37M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$246.45M	USD	Point-in-time
Deferred compensation trust, 140,882 and 170,310 shares of common stock at cost at September 30, 2018 and December 31, 2017, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.49M	USD	Point-in-time
Deferred compensation trust, 140,882 and 170,310 shares of common stock at cost at September 30, 2018 and December 31, 2017, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$419.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$339.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$582.49M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$669.29M	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`	$357.01M	USD	1 Quarter
Operating Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.04B	USD	3 Qtrs
Operating Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$425.56M	USD	1 Quarter
Operating Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.25B	USD	3 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$656.16M	USD	3 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$194.92M	USD	1 Quarter
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$572.21M	USD	3 Qtrs
Salaries, wages and employees benefits	`LaborAndRelatedExpense`	$224.63M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$31.22M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$30.06M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$79.52M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$95.25M	USD	3 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$81.64M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$66.68M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$245.18M	USD	3 Qtrs
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$196.76M	USD	3 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$12.37M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$10.63M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$37.31M	USD	3 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$32.09M	USD	3 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.98M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$8.54M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$28.01M	USD	3 Qtrs
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$30.09M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$74.97M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.61M	USD	3 Qtrs
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-326.00K	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$717.00K	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$469.00K	USD	3 Qtrs
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-305.00K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.14B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$332.44M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$972.72M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$386.87M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$38.70M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$24.57M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$71.78M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$107.84M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.41M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.09M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.76M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.31M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-57.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$384.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$139.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.27M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-3.71M	USD	3 Qtrs
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.18M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-3.82M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.39M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.43M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$104.14M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$67.96M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$24.62M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$24.53M	USD	3 Qtrs
Income Tax Provision	`IncomeTaxExpenseBenefit`	$9.23M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$9.01M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$14.37M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$43.34M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$28.20M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$79.60M	USD	3 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.53M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.75M	shares	3 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.49M	shares	3 Qtrs
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.79M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.05M	shares	3 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.33M	shares	3 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.11M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.35M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.70	USD	3 Qtrs
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$3.09	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.07	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$3.02	USD	3 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$43.34M	USD	3 Qtrs
Net income	`ProfitLoss`	$79.60M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$74.97M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.61M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-18.81M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-14.83M	USD	3 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-979.00K	USD	3 Qtrs
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-17.72M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$187.11M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$127.74M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.68M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.22M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$778.00K	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.09M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.59M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-154.44M	USD	3 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$159.10M	USD	3 Qtrs
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$170.73M	USD	3 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$193.60M	USD	3 Qtrs
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$142.73M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.53M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$4.17M	USD	3 Qtrs
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.25M	USD	3 Qtrs
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.40M	USD	3 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$3.57M	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$11.63M	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$8.82M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.86M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.39M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.19M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.46M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	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`	$4.72M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$529.00K	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`	$81.00K	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`	$529.00K	USD	Point-in-time
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$31.32M	USD	3 Qtrs
Equipment financed with capital leases	`CapitalLeaseObligationsIncurred`	$28.05M	USD	3 Qtrs

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