10-Q Filing

SAIA INC CIK: 1177702 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-020181`
Period End Date	20200331
Filing Date	20200430
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	saia-10q_20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 40 Cash Flow Statement 41 Stockholders Equity 18

Balance Sheet 82 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`	$46.91M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$248.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$196.12M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$210.89M	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
Income tax receivable	`IncomeTaxesReceivable`	$8.29M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$27.72M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$41.56M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$305.91M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.06M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$232.38M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.83B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.74B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.06M	shares	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$712.88M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$686.62M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	143,987.00	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	156,897.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.05B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.12B	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$122.65M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$103.89M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$21.48M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$21.19M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.34M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$5.62M	USD	Point-in-time
Total assets	`Assets`	$1.58B	USD	Point-in-time
Total assets	`Assets`	$1.42B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$91.39M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$46.68M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$49.67M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$37.70M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$36.89M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$32.64M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$35.02M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$19.57M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$19.41M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$18.69M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$19.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$241.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$249.05M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$117.03M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$216.20M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$105.28M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$86.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$111.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$118.62M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$44.72M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$44.40M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$359.22M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$484.82M	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, 26,063,348 and 25,936,532 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 26,063,348 and 25,936,532 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$260.87M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$262.01M	USD	Point-in-time
Deferred compensation trust, 156,897 and 143,987 shares of common stock at cost at March 31, 2020 and December 31, 2019, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$4.96M	USD	Point-in-time
Deferred compensation trust, 156,897 and 143,987 shares of common stock at cost at March 31, 2020 and December 31, 2019, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$586.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$558.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$695.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$843.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$815.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$717.65M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.42B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$446.40M	USD	1 Quarter
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$410.58M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$238.65M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$220.35M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$28.42M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$30.06M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$82.90M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$83.54M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$13.20M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$14.40M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$9.53M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$10.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.78M	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-126.00K	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$1.39M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$381.95M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$407.62M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$38.78M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$28.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.38M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$334.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-547.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.05M	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.95M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.58M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.83M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$8.72M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$5.32M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$28.11M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$22.26M	USD	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.87M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.07M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.32M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.49M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.08	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.06	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$22.26M	USD	1 Quarter
Net income	`ProfitLoss`	$28.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.78M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.07M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.32M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.13M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.76M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$26.72M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$18.63M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$51.27M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.40M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.74M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$107.59M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.92M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$275.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.47M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.68M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$55.78M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$86.73M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$190.87M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$86.39M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.80M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.14M	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.27M	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.40M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$646.00K	USD	1 Quarter
Repayment of finance leases	`FinanceLeasePrincipalPayments`	$4.59M	USD	1 Quarter
Repayment of finance leases	`FinanceLeasePrincipalPayments`	$4.80M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.07M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.90M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$46.66M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.16M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.00K	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$695.86M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$843.39M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$815.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$717.65M	USD	Point-in-time
Stock compensation, including options and long-term incentives	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.32M	USD	1 Quarter
Stock compensation, including options and long-term incentives	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$998.00K	USD	1 Quarter
Exercise of stock options less shares withheld for taxes	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$2.14M	USD	1 Quarter
Exercise of stock options less shares withheld for taxes	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.80M	USD	1 Quarter
Shares issued for long-term incentive awards, net of shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.27M	USD	1 Quarter
Shares issued for long-term incentive awards, net of shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.40M	USD	1 Quarter
Purchase of shares by Deferred Compensation Trust	`PurchaseOfSharesByDeferredCompensationTrust`	$149.00K	USD	1 Quarter
Sale of shares by Deferred Compensation Trust	`SaleOfSharesByDeferredCompensationTrust`	$148.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.26M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$695.86M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$843.39M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$815.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$717.65M	USD	Point-in-time

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