10-Q Filing

SAIA INC CIK: 1177702 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-021349`
Period End Date	20210331
Filing Date	20210428
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	saia-10q_20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 40 Cash Flow Statement 40 Stockholders Equity 16

Balance Sheet 81 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`	$25.31M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$242.90M	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`	$216.90M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$96.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$29.39M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$52.16M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$271.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.33M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$348.31M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.24M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.92B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.90B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.33M	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	91,888.00	shares	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$765.22M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	94,888.00	shares	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$796.51M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.14B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.12B	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$111.74M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$113.72M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$20.03M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$20.32M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$8.73M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$7.01M	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Total assets	`Assets`	$1.55B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$89.38M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$49.01M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$55.39M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$46.96M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$49.61M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$48.28M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$40.57M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$21.05M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$20.59M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$20.34M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$20.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$275.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$307.26M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$44.96M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$50.39M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$95.32M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$93.37M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$121.14M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$119.82M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$46.24M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$46.20M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$311.73M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$305.71M	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, 26,333,692 and 26,236,570 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 26,333,692 and 26,236,570 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$267.43M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$267.67M	USD	Point-in-time
Deferred compensation trust, 94,888 and 91,888 shares of common stock at cost at March 31, 2021 and December 31, 2020, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$2.94M	USD	Point-in-time
Deferred compensation trust, 94,888 and 91,888 shares of common stock at cost at March 31, 2021 and December 31, 2020, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$3.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$696.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$733.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$815.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$843.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$961.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$997.62M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.55B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$484.07M	USD	1 Quarter
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$446.40M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$238.65M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$244.44M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$30.06M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$45.03M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$84.90M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$82.90M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$14.40M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$14.34M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$10.42M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$11.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.37M	USD	1 Quarter
Gain from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$1.39M	USD	1 Quarter
Gain from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$199.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$435.36M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$407.62M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$48.71M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$38.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$852.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-547.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-721.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-1.95M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.83M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.99M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$8.72M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$10.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$28.11M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$37.29M	USD	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.29M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.07M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.49M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.67M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.08	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.42	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.40	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.06	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$37.29M	USD	1 Quarter
Net income	`ProfitLoss`	$28.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.37M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.33M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.07M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.13M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.37M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$15.38M	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`	$60.97M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$107.59M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.57M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$180.00K	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.92M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.39M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.68M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$86.73M	USD	1 Quarter
Repayment of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$7.71M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$7.71M	USD	1 Quarter
Borrowing of revolving credit agreement	`ProceedsFromLinesOfCredit`	$190.87M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.14M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.68M	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.35M	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.40M	USD	1 Quarter
Repayment of finance leases	`FinanceLeasePrincipalPayments`	$4.96M	USD	1 Quarter
Repayment of finance leases	`FinanceLeasePrincipalPayments`	$4.80M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.63M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.07M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$27.95M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$46.66M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.26M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.31M	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`	$46.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.26M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.31M	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`	$46.91M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$815.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$843.39M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$961.29M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$997.62M	USD	Point-in-time
Stock compensation, including options and long-term incentives	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.71M	USD	1 Quarter
Stock compensation, including options and long-term incentives	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.32M	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`	$3.68M	USD	1 Quarter
Shares issued for long-term incentive awards, net of shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.40M	USD	1 Quarter
Shares issued for long-term incentive awards, net of shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.29M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$815.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$843.39M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$961.29M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$997.62M	USD	Point-in-time

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