Werner Enterprises (WERN) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	0-14690
Entity Registrant Name	WERNER ENTERPRISES, INC.
Entity Central Index Key	0000793074
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	NE
Entity Tax Identification Number	47-0648386
Entity Address, Address Line One	14507 Frontier Road
Entity Address, Address Line Two	Post Office Box 45308
Entity Address, City or Town	Omaha
Entity Address, State or Province	NE
Entity Address, Postal Zip Code	68145-0308
City Area Code	402
Local Phone Number	895-6640
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	WERN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		69,097,033

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating revenues	$ 568,959	$ 627,533	$ 1,161,662	$ 1,223,650
Operating expenses:
Salaries, wages and benefits	194,981	206,001	400,978	408,800
Fuel	30,677	61,064	79,448	117,202
Supplies and maintenance	43,343	44,371	89,064	90,056
Taxes and licenses	23,953	23,643	46,803	46,544
Insurance and claims	25,789	20,992	61,853	43,701
Depreciation	67,670	61,437	136,507	122,196
Rent and purchased transportation	120,704	146,176	247,146	279,012
Communications and utilities	3,536	3,903	7,344	7,914
Other	5,488	1,504	8,635	1,764
Total operating expenses	516,141	569,091	1,077,778	1,117,189
Operating income	52,818	58,442	83,884	106,461
Other expense (income):
Interest expense	1,161	1,429	2,752	2,287
Interest income	(377)	(989)	(1,003)	(1,892)
Other	23	58	68	(58)
Total other expense (income)	807	498	1,817	337
Income before income taxes	52,011	57,944	82,067	106,124
Income taxes	12,879	14,626	19,877	26,720
Net income	$ 39,132	$ 43,318	$ 62,190	$ 79,404
Earnings per share:
Basic	$ 0.57	$ 0.62	$ 0.90	$ 1.14
Diluted	$ 0.56	$ 0.62	$ 0.89	$ 1.13
Weighted-average common shares outstanding:
Basic	69,093	69,593	69,173	69,932
Diluted	69,435	69,893	69,531	70,229

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net income	$ 39,132	$ 43,318	$ 62,190	$ 79,404
Other comprehensive income (loss):
Foreign currency translation adjustments	929	526	(8,964)	1,144
Change in fair value of interest rate swaps, net of tax	(623)	(106)	(6,220)	(211)
Other comprehensive income (loss)	306	420	(15,184)	933
Comprehensive income	$ 39,438	$ 43,738	$ 47,006	$ 80,337

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 65,389	$ 26,418
Accounts receivable, trade, less allowance of $8,720 and $7,921, respectively	299,383	322,846
Other receivables	24,060	52,221
Inventories and supplies	8,713	9,243
Prepaid taxes, licenses and permits	7,900	16,757
Other current assets	26,142	38,849
Total current assets	431,587	466,334
Property and equipment	2,368,543	2,343,536
Less – accumulated depreciation	868,379	817,260
Property and equipment, net	1,500,164	1,526,276
Other non-current assets	147,962	151,254
Total assets	2,079,713	2,143,864
Current liabilities:
Accounts payable	84,263	94,634
Current portion of long-term debt	0	75,000
Insurance and claims accruals	80,857	69,810
Accrued payroll	42,199	38,347
Income taxes payable	15,706	0
Other current liabilities	26,598	31,049
Total current liabilities	249,623	308,840
Long-term debt, net of current portion	175,000	225,000
Other long-term liabilities	39,338	21,129
Insurance and claims accruals, net of current portion	234,819	228,218
Deferred income taxes	244,545	249,669
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value, 200,000,000 shares authorized; 80,533,536 shares issued; 69,097,033 and 69,244,525 shares outstanding, respectively	805	805
Paid-in capital	111,634	112,649
Retained earnings	1,344,361	1,294,608
Accumulated other comprehensive loss	(29,912)	(14,728)
Treasury stock, at cost; 11,436,503 and 11,289,011 shares, respectively	(290,500)	(282,326)
Total stockholders’ equity	1,136,388	1,111,008
Total liabilities and stockholders’ equity	$ 2,079,713	$ 2,143,864

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Allowance for doubtful trade accounts receivable	$ 8,720	$ 7,921
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	80,533,536	80,533,536
Common stock, shares outstanding	69,097,033	69,244,525
Treasury stock, shares	11,436,503	11,289,011

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 62,190	$ 79,404
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	136,507	122,196
Deferred income taxes	(2,896)	1,088
Gain on disposal of property and equipment	(3,411)	(10,383)
Non-cash equity compensation	3,544	4,365
Insurance and claims accruals, net of current portion	6,601	11,967
Other	11,036	(3,365)
Changes in certain working capital items:
Accounts receivable, net	23,463	6,688
Other current assets	14,515	7,028
Accounts payable	(1,323)	5,554
Other current liabilities	37,116	(4,206)
Net cash provided by operating activities	287,342	220,336
Cash flows from investing activities:
Additions to property and equipment	(170,235)	(239,289)
Proceeds from sales of property and equipment	62,626	76,936
Decrease in notes receivable	4,392	6,505
Net cash used in investing activities	(103,217)	(155,848)
Cash flows from financing activities:
Repayments of short-term debt	(75,000)	0
Repayments of long-term debt	(50,000)	0
Proceeds from issuance of long-term debt	0	265,000
Dividends on common stock	(12,450)	(273,734)
Repurchases of common stock	(8,798)	(42,301)
Tax withholding related to net share settlements of restricted stock awards	(3,935)	(1,189)
Net cash used in financing activities	(150,183)	(52,224)
Effect of exchange rate fluctuations on cash	(1,995)	226
Net increase in cash, cash equivalents and restricted cash	31,947	12,490
Cash, cash equivalents and restricted cash, beginning of period	33,442	33,930
Cash, cash equivalents and restricted cash, end of period	65,389	46,420
Supplemental disclosures of cash flow information:
Interest paid	2,996	1,830
Income taxes paid	2,992	36,805
Supplemental schedule of non-cash investing and financing activities:
Notes receivable issued upon sale of property and equipment	1,429	3,732
Change in fair value of interest rate swaps	(6,220)	(211)
Property and equipment acquired included in accounts payable	12,090	6,126
Property and equipment disposed included in other receivables	1,982	0
Dividends accrued but not yet paid at end of period	$ 6,219	$ 6,227

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
BALANCE at Dec. 31, 2018	$ 1,264,753	$ 805	$ 107,455	$ 1,413,746	$ (16,073)	$ (241,180)
Comprehensive income	36,599	0	0	36,086	513	0
Purchases of common stock	(20,545)	0	0	0	0	(20,545)
Dividends on common stock	(6,290)	0	0	(6,290)	0	0
Equity compensation activity	(1,179)	0	(1,578)	0	0	399
Non-cash equity compensation expense	2,051	0	2,051	0	0	0
BALANCE at Mar. 31, 2019	1,275,389	805	107,928	1,443,542	(15,560)	(261,326)
BALANCE at Dec. 31, 2018	1,264,753	805	107,455	1,413,746	(16,073)	(241,180)
Comprehensive income	80,337
BALANCE at Jun. 30, 2019	1,032,344	805	110,102	1,219,529	(15,140)	(282,952)
BALANCE at Mar. 31, 2019	1,275,389	805	107,928	1,443,542	(15,560)	(261,326)
Comprehensive income	43,738	0	0	43,318	420	0
Purchases of common stock	(21,756)	0	0	0	0	(21,756)
Dividends on common stock	(267,331)	0	0	(267,331)	0	0
Equity compensation activity	(10)	0	(140)	0	0	130
Non-cash equity compensation expense	2,314	0	2,314	0	0	0
BALANCE at Jun. 30, 2019	1,032,344	805	110,102	1,219,529	(15,140)	(282,952)
BALANCE at Dec. 31, 2019	1,111,008	805	112,649	1,294,608	(14,728)	(282,326)
Comprehensive income	7,568	0	0	23,058	(15,490)	0
Purchases of common stock	(8,798)	0	0	0	0	(8,798)
Dividends on common stock	(6,218)	0	0	(6,218)	0	0
Equity compensation activity	(3,930)	0	(4,360)	0	0	430
Non-cash equity compensation expense	2,406	0	2,406	0	0	0
BALANCE at Mar. 31, 2020	1,102,036	805	110,695	1,311,448	(30,218)	(290,694)
BALANCE at Dec. 31, 2019	1,111,008	805	112,649	1,294,608	(14,728)	(282,326)
Comprehensive income	47,006
BALANCE at Jun. 30, 2020	1,136,388	805	111,634	1,344,361	(29,912)	(290,500)
BALANCE at Mar. 31, 2020	1,102,036	805	110,695	1,311,448	(30,218)	(290,694)
Comprehensive income	39,438	0	0	39,132	306	0
Dividends on common stock	(6,219)	0	0	(6,219)	0	0
Equity compensation activity	(5)	0	(199)	0	0	194
Non-cash equity compensation expense	1,138	0	1,138	0	0	0
BALANCE at Jun. 30, 2020	$ 1,136,388	$ 805	$ 111,634	$ 1,344,361	$ (29,912)	$ (290,500)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Purchase of common stock, shares	0	282,992	700,000	600,000
Dividends declared per share	$ 0.090	$ 0.090	$ 3.840	$ 0.090
Equity compensation activity, shares	10,297	125,203	6,901	46,129

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies New Accounting Pronouncements Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Statements,” which requires measurement and recognition of expected versus incurred credit losses for financial assets. The Company adopted ASU 2016-13 as of January 1, 2020. Upon adoption, this update had no effect on our financial position, results of operations and cash flows. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement,” which modifies the disclosure requirements on fair value measurements. As part of its disclosure framework project, the FASB has eliminated, amended and added disclosure requirements for fair value measurements in Topic 820, Fair Value Measurement. The Company adopted ASU 2018-13 as of January 1, 2020. Upon adoption, this update had no effect on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force),” which updates the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract to align with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted ASU 2018-15 as of January 1, 2020. Upon adoption, this update had no effect on our financial position, results of operations and cash flows. Accounting Standards Updates Not Yet Effective In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” which reduces complexity in accounting for income taxes by removing certain exceptions to the general principles stated in Topic 740 and by clarifying and amending existing guidance to improve consistent application of and simplify other areas of Topic 740. The provisions of this update are effective for fiscal years beginning after December 15, 2020. Although we are evaluating the impact of adopting ASU No. 2019-12 on our financial position, results of operations and cash flows, we do not expect a material effect upon adoption.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue Revenue Recognition Revenues are recognized over time as control of the promised services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those services. The following table presents our revenues disaggregated by revenue source (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Truckload Transportation Services $ 445,053 $ 479,959 $ 909,916 $ 942,850 Werner Logistics 110,163 130,883 222,327 248,253 Inter-segment eliminations (14) (34) (25) (239) Transportation services 555,202 610,808 1,132,218 1,190,864 Other revenues 13,757 16,725 29,444 32,786 Total revenues $ 568,959 $ 627,533 $ 1,161,662 $ 1,223,650 The following table presents our revenues disaggregated by geographic areas in which we conduct business (in thousands). Operating revenues for foreign countries include revenues for (i) shipments with an origin or destination in that country and (ii) other services provided in that country. If both the origin and destination are in a foreign country, the revenues are attributed to the country of origin. Three Months Ended Six Months Ended 2020 2019 2020 2019 United States $ 516,425 $ 554,261 $ 1,046,496 $ 1,080,853 Mexico 31,045 51,958 74,466 104,772 Other 21,489 21,314 40,700 38,025 Total revenues $ 568,959 $ 627,533 $ 1,161,662 $ 1,223,650 Contract Balances and Accounts Receivable A receivable is an unconditional right to consideration and is recognized when shipments have been completed and the related performance obligation has been fully satisfied. At June 30, 2020 and December 31, 2019, the accounts receivable, net, balance was $299.4 million and $322.8 million, respectively. Contract assets represent a conditional right to consideration in exchange for goods or services and are transferred to receivables when the rights become unconditional. At June 30, 2020 and December 31, 2019, the balance of contract assets was $7.1 million and $5.9 million, respectively. We have recognized contract assets within the other current assets financial statement caption on the balance sheet. These contract assets are considered current assets as they will be settled in less than 12 months. Contract liabilities represent advance consideration received from customers and are recognized as revenues over time as the related performance obligation is satisfied. The balance of contract liabilities was $1.3 million as of June 30, 2020 and December 31, 2019. The amount of revenues recognized in the six months ended June 30, 2020 that was included in the December 31, 2019 contract liability balance was $1.3 million. We have recognized contract liabilities within the accounts payable and other current liabilities financial statement captions on the balance sheet. These contract liabilities are considered current liabilities as they will be settled in less than 12 months. Performance Obligations We have elected to apply the practical expedient in ASC Topic 606 to not disclose the value of remaining performance obligations for contracts with an original expected length of one year or less. Remaining performance obligations represent the transaction price allocated to future reporting periods for freight shipments started but not completed at the reporting date that we expect to recognize as revenue in the period subsequent to the reporting date; transit times generally average approximately 3 days. During the six months ended June 30, 2020 and June 30, 2019, revenues recognized from performance obligations related to prior periods (for example, due to changes in transaction price) were not material.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Leases We have entered into operating leases primarily for real estate. The leases have terms which range from 1 year to 11 years, and some include options to renew. Renewal terms are included in the lease term when it is reasonably certain that we will exercise the option to renew. Operating leases are included in other non-current assets, other current liabilities and other long-term liabilities on the consolidated condensed balance sheets. These assets and liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date, using our incremental borrowing rate because the rate implicit in each lease is not readily determinable. We have certain contracts for real estate that may contain lease and non-lease components which we have elected to treat as a single lease component. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Variable lease expense is recognized in the period in which the obligation for those payments is incurred. Lease expense is reported in rent and purchased transportation on the consolidated statements of income. The following table presents information about the amount, timing and uncertainty of cash flows arising from our operating leases as of June 30, 2020. (In thousands) June 30, 2020 Maturity of Lease Liabilities 2020 (remaining) $ 1,752 2021 3,176 2022 2,343 2023 1,521 2024 1,404 Thereafter 1,442 Total undiscounted operating lease payments $ 11,638 Less: Imputed interest (830) Present value of operating lease liabilities $ 10,808 Balance Sheet Classification Right-of-use assets (recorded in other non-current assets) $ 10,465 Current lease liabilities (recorded in other current liabilities) 3,100 Long-term lease liabilities (recorded in other long-term liabilities) 7,708 Total operating lease liabilities $ 10,808 Other Information Weighted-average remaining lease term for operating leases 4.26 years Weighted-average discount rate for operating leases 3.45 % Cash Flows An initial right-of-use asset of $8.7 million was recognized as a non-cash asset addition with the adoption of the new lease accounting standard. During the six months ended June 30, 2020 and June 30, 2019, additional right-of-use assets of $1.5 million and $0.8 million, respectively, were recognized as non-cash asset additions that resulted from new operating lease liabilities. Cash paid for amounts included in the present value of operating lease liabilities was $2.1 million and $1.8 million during the six months ended June 30, 2020 and June 30, 2019, respectively, and is included in operating cash flows. Operating Lease Expense Operating lease expense was $2.1 million and $4.1 million for the three and six months ended June 30, 2020, respectively, and $2.0 million and $4.3 million for the three and six months ended June 30, 2019, respectively. This expense included $0.9 million and $1.9 million for the three and six months ended June 30, 2020, respectively, and $0.9 million and $1.8 million for the three and six months ended June 30, 2019, respectively, for long-term operating leases, with the remainder for variable and short-term lease expense . Lessor Operating Leases We are the lessor of tractors and trailers under operating leases with initial terms of 2 to 10 years. We recognize revenue for such leases on a straight-line basis over the term of the lease. Revenues were $3.0 million and $6.3 million for the three and six months ended June 30, 2020, respectively, and $3.5 million and $6.8 million for the three and six months ended June 30, 2019, respectively. The following table presents information about the maturities of these operating leases as of June 30, 2020. (In thousands) June 30, 2020 2020 (remaining) $ 5,275 2021 4,771 2022 54 2023 — 2024 — Thereafter — Total $ 10,100

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies As of June 30, 2020, we have committed to property and equipment purchases of approximately $214.7 million . We are involved in certain claims and pending litigation, including those described herein, arising in the ordinary course of business. The majority of these claims relate to bodily injury, property damage, cargo and workers’ compensation incurred in the transportation of freight, as well as certain class action litigation related to personnel and employment matters. We accrue for the uninsured portion of contingent losses from these and other pending claims when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Based on the knowledge of the facts, management believes the resolution of claims and pending litigation, taking into account existing reserves, will not have a material adverse effect on our consolidated financial statements. Moreover, the results of complex legal proceedings are difficult to predict, and our view of these matters may change in the future as the litigation and related events unfold. On May 17, 2018, in Harris County District Court in Houston, Texas, a jury rendered an adverse verdict against Werner Enterprises, Inc. (the “Company”) in a lawsuit arising from a December 30, 2014 accident between a Werner tractor-trailer and a passenger vehicle. On July 30, 2018, the court entered a final judgment against Werner for $92.0 million, including pre-judgment interest. The Company has premium-based liability insurance to cover the potential outcome from this jury verdict. Under the Company’s insurance policies in effect on the date of this accident, the Company’s maximum liability for this accident is $10.0 million (plus pre-judgment and post-judgment interest) with premium-based coverage that exceeds the jury verdict amount. As a result of this jury verdict, the Company had recorded a liability of $21.2 million as of June 30, 2020, and $18.8 million as of December 31, 2019. Under the terms of the Company’s insurance policies, the Company is the primary obligor of the verdict, and as such, the Company has also recorded a $79.2 million receivable from its third-party insurance providers in other non-current assets and a corresponding liability of the same amount in the long-term portion of insurance and claims accruals in the consolidated balance sheets as of June 30, 2020 and December 31, 2019. The Company is pursuing an appeal of this verdict. No assurances can be given regarding the outcome of any such appeal. We have been involved in class action litigation in the U.S. District Court for the District of Nebraska, in which the plaintiffs allege that we owe drivers for unpaid wages under the Fair Labor Standards Act (“FLSA”) and the Nebraska Wage Payment and Collection Act and that we failed to pay minimum wage per hour for drivers in our Career Track Program, related to short break time and sleeper berth time. The period covered by this class action suit is August 2008 through March 2014. The case was tried to a jury in May 2017, resulting in a verdict of $0.8 million in plaintiffs’ favor on the short break matter and a verdict in our favor on the sleeper berth matter. As a result of various post-trial motions, the court awarded $0.5 million to the plaintiffs for attorney fees and costs. As of June 30, 2020, we had accrued for the jury’s award, attorney fees and costs in the short break matter and had not accrued for the sleeper berth matter. Plaintiffs appealed the post-verdict amounts awarded by the trial court for fees, costs and liquidated damages, and the Company filed a cross appeal on the verdict that was in plaintiffs’ favor. The United States Court of Appeals for the Eighth Circuit denied Plaintiffs’ appeal and granted Werner’s appeal, vacating the judgment in favor of the plaintiffs. The appellate court sent the case back to the trial court for proceedings consistent with the appellate court’s opinion. On June 22, 2020, the trial court denied Plaintiffs’ request for a new trial and entered judgment in favor of the Company, dismissing the case with prejudice. On July 21, 2020, Plaintiffs’ counsel filed a notice of appeal of that dismissal. We are also involved in certain class action litigation in which the plaintiffs allege claims for failure to provide meal and rest breaks, unpaid wages, unauthorized deductions and other items. Based on the knowledge of the facts, management does not currently believe the outcome of these class actions is likely to have a material adverse effect on our financial position or results of operations. However, the final disposition of these matters and the impact of such final dispositions cannot be determined at this time.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and restricted stock awards. There are no differences in the numerators of our computations of basic and diluted earnings per share for any periods presented. The computation of basic and diluted earnings per share is shown below (in thousands, except per share amounts). Three Months Ended Six Months Ended 2020 2019 2020 2019 Net income $ 39,132 $ 43,318 $ 62,190 $ 79,404 Weighted average common shares outstanding 69,093 69,593 69,173 69,932 Dilutive effect of stock-based awards 342 300 358 297 Shares used in computing diluted earnings per share 69,435 69,893 69,531 70,229 Basic earnings per share $ 0.57 $ 0.62 $ 0.90 $ 1.14 Diluted earnings per share $ 0.56 $ 0.62 $ 0.89 $ 1.13 There were no options to purchase shares of common stock that were outstanding during the periods indicated above that were excluded from the computation of diluted earnings per share because the option purchase price was greater than the average market price of the common shares during the period. Performance awards are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied.

Equity Compensation

Equity Compensation	6 Months Ended
	Jun. 30, 2020
Equity Compensation [Abstract]
Equity Compensation	Equity Compensation The Werner Enterprises, Inc. Amended and Restated Equity Plan (the “Equity Plan”), approved by the Company’s shareholders, provides for grants to employees and non-employee directors of the Company in the form of nonqualified stock options, restricted stock and units (“restricted awards”), performance awards, and stock appreciation rights. The Board of Directors or the Compensation Committee of our Board of Directors determines the terms of each award, including the type, recipients, number of shares subject to and vesting conditions of each award. No awards of stock appreciation rights have been issued under the Equity Plan to date. The maximum number of shares of common stock that may be awarded under the Equity Plan is 20,000,000 shares. The maximum aggregate number of shares that may be awarded to any one person in any one calendar year under the Equity Plan is 500,000. As of June 30, 2020, there were 6,683,155 shares available for granting additional awards. Equity compensation expense is included in salaries, wages and benefits within the Consolidated Statements of Income. As of June 30, 2020, the total unrecognized compensation cost related to non-vested equity compensation awards was approximately $12.5 million and is expected to be recognized over a weighted average period of 1.9 years . The following table summarizes the equity compensation expense and related income tax benefit recognized in the Consolidated Statements of Income (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Restricted awards: Pre-tax compensation expense $ 1,090 $ 1,313 $ 2,488 $ 2,476 Tax benefit 278 334 634 631 Restricted stock expense, net of tax $ 812 $ 979 $ 1,854 $ 1,845 Performance awards: Pre-tax compensation expense $ 53 $ 1,001 $ 1,063 $ 1,897 Tax benefit 13 256 271 484 Performance award expense, net of tax $ 40 $ 745 $ 792 $ 1,413 We do not have a formal policy for issuing shares upon an exercise of stock options or vesting of restricted and performance awards. Such shares are generally issued from treasury stock. From time to time, we repurchase shares of our common stock, the timing and amount of which depends on market and other factors. Historically, the shares acquired from such repurchases have provided us with sufficient quantities of stock to issue for equity compensation. Based on current treasury stock levels, we do not expect to repurchase additional shares specifically for equity compensation during 2020. Stock Options Stock options are granted at prices equal to the market value of the common stock on the date the option award is granted. No stock option awards were outstanding as of June 30, 2020, and no stock option awards were granted or exercised in the six-month periods ended June 30, 2020 and June 30, 2019. Restricted Awards Restricted stock entitles the holder to shares of common stock when the award vests. Restricted stock units entitle the holder to a combination of cash or stock equal to the value of common stock when the unit vests. The value of these shares may fluctuate according to market conditions and other factors. Restricted awards currently outstanding vest over periods ranging from 12 to 60 months from the grant date of the award. The restricted awards do not confer any voting or dividend rights to recipients until such shares vest and do not have any post-vesting sales restrictions. The following table summarizes restricted award activity for the six months ended June 30, 2020: Number of Weighted Nonvested at beginning of period 369 $ 32.83 Granted 147 38.30 Vested (86) 32.85 Forfeited (37) 35.94 Nonvested at end of period 393 34.57 We estimate the fair value of restricted awards based upon the market price of the underlying common stock on the date of grant, reduced by the present value of estimated future dividends because the awards are not entitled to receive dividends prior to vesting. Our estimate of future dividends is based on the most recent quarterly dividend rate at the time of grant, adjusted for any known future changes in the dividend rate. Cash settled restricted stock units are recorded as a liability within the Consolidated Balance Sheets and are adjusted to fair value each reporting period. The total fair value of previously granted restricted awards vested during the six-month periods ended June 30, 2020 and June 30, 2019 was $3.4 million and $1.8 million, respectively. We withheld shares based on the closing stock price on the vesting date to settle the employees’ statutory obligation for the applicable income and other employment taxes. The shares withheld to satisfy the tax withholding obligations were recorded as treasury stock. Performance Awards Performance awards entitle the recipient to shares of common stock upon attainment of performance objectives as pre-established by the Compensation Committee. If the performance objectives are achieved, performance awards currently outstanding vest, subject to continued employment, over periods ranging from 12 to 60 months from the grant date of the award. The performance awards do not confer any voting or dividend rights to recipients until such shares vest and do not have any post-vesting sales restrictions. The following table summarizes performance award activity for the six months ended June 30, 2020: Number of Weighted Nonvested at beginning of period 327 $ 28.75 Granted 100 37.65 Vested (151) 23.61 Forfeited (47) 34.44 Nonvested at end of period 229 34.68 The 2020 performance awards are earned based upon the level of attainment by the Company of specified performance objectives related to cumulative diluted earnings per share for the two-year period from January 1, 2020 to December 31, 2021. Shares earned based on cumulative diluted earnings per share may be capped based on absolute total shareholder return during the three-year period ended December 31, 2022. The 2020 performance awards will vest in one installment on the third anniversary from the grant date. In January 2020, the Compensation Committee determined the 2017 fiscal year performance objectives were achieved at a level above the target level; the additional shares earned above the target level were included in 2019 shares granted. We estimate the fair value of performance awards based upon the market price of the underlying common stock on the date of grant, reduced by the present value of estimated future dividends because the awards are not entitled to receive dividends prior to vesting. Our estimate of future dividends is based on the most recent quarterly dividend rate at the time of grant, adjusted for any known future changes in the dividend rate. The vesting date fair value of performance awards that vested during the six-month periods ended June 30, 2020 and June 30, 2019 was $5.8 million and $1.2 million, respectively. We withheld shares based on the closing stock price on the vesting date to settle the employees’ statutory obligation for the applicable income and other employment taxes. The shares withheld to satisfy the tax withholding obligations were recorded as treasury stock.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information We have two reportable segments – Truckload Transportation Services (“TTS”) and Werner Logistics. The TTS segment consists of two operating units, Dedicated and One-Way Truckload. These units are aggregated because they have similar economic characteristics and meet the other aggregation criteria described in the accounting guidance for segment reporting. Dedicated provides truckload services dedicated to a specific customer, generally for a retail distribution center or manufacturing facility, utilizing either dry van or specialized trailers. One-Way Truckload is comprised of the following operating fleets: (i) the medium-to-long-haul van (“Van”) fleet transports a variety of consumer nondurable products and other commodities in truckload quantities over irregular routes using dry van trailers, including Mexico cross-border routes; (ii) the expedited (“Expedited”) fleet provides time-sensitive truckload services utilizing driver teams; (iii) the regional short-haul (“Regional”) fleet provides comparable truckload van service within geographic regions across the United States; and (iv) the Temperature Controlled fleet provides truckload services for temperature sensitive products over irregular routes utilizing temperature-controlled trailers. Revenues for the TTS segment include a small amount of non-trucking revenues which consist primarily of the intra-Mexico portion of cross-border shipments delivered to or from Mexico where we utilize a third-party capacity provider. The Werner Logistics segment generates the majority of our non-trucking revenues through four operating units that provide non-trucking services to our customers. These four Werner Logistics operating units are as follows: (i) Truckload Logistics, which uses contracted carriers to complete shipments for brokerage customers and freight management customers for which we offer a full range of single-source logistics management services and solutions; (ii) the intermodal (“Intermodal”) unit offers rail transportation through alliances with rail and drayage providers as an alternative to truck transportation; (iii) Werner Global Logistics international (“WGL”) provides complete management of global shipments from origin to destination using a combination of air, ocean, truck and rail transportation modes; and (iv) Werner Final Mile (“Final Mile”) offers home and business deliveries of large or heavy items using third-party agents with two associates operating a liftgate straight truck. We generate other revenues from our driver training schools, transportation-related activities such as third-party equipment maintenance and equipment leasing, and other business activities. None of these operations meets the quantitative reporting thresholds. As a result, these operations are grouped in “Other” in the table below. “Corporate” includes revenues and expenses that are incidental to our activities and are not attributable to any of our operating segments, including gains and losses on sales of assets not attributable to our operating segments. We do not prepare separate balance sheets by segment and, as a result, assets are not separately identifiable by segment. Inter-segment eliminations in the table below represent transactions between reporting segments that are eliminated in consolidation. The following table summarizes our segment information (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Revenues Truckload Transportation Services $ 445,053 $ 479,959 $ 909,916 $ 942,850 Werner Logistics 110,163 130,883 222,327 248,253 Other 13,315 16,096 28,383 31,568 Corporate 442 629 1,061 1,218 Subtotal 568,973 627,567 1,161,687 1,223,889 Inter-segment eliminations (14) (34) (25) (239) Total $ 568,959 $ 627,533 $ 1,161,662 $ 1,223,650 Operating Income Truckload Transportation Services $ 51,225 $ 51,665 $ 80,314 $ 94,618 Werner Logistics 3,139 5,182 4,224 9,893 Other (534) 2,293 2,366 3,472 Corporate (1,012) (698) (3,020) (1,522) Total $ 52,818 $ 58,442 $ 83,884 $ 106,461

Accounting Policies (Policy)

Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
New Accounting Pronouncements Adopted	New Accounting Pronouncements Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Statements,” which requires measurement and recognition of expected versus incurred credit losses for financial assets. The Company adopted ASU 2016-13 as of January 1, 2020. Upon adoption, this update had no effect on our financial position, results of operations and cash flows. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement,” which modifies the disclosure requirements on fair value measurements. As part of its disclosure framework project, the FASB has eliminated, amended and added disclosure requirements for fair value measurements in Topic 820, Fair Value Measurement. The Company adopted ASU 2018-13 as of January 1, 2020. Upon adoption, this update had no effect on our consolidated financial statements.
Accounting Standards Updates Not Yet Effective	Accounting Standards Updates Not Yet Effective In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” which reduces complexity in accounting for income taxes by removing certain exceptions to the general principles stated in Topic 740 and by clarifying and amending existing guidance to improve consistent application of and simplify other areas of Topic 740. The provisions of this update are effective for fiscal years beginning after December 15, 2020. Although we are evaluating the impact of adopting ASU No. 2019-12 on our financial position, results of operations and cash flows, we do not expect a material effect upon adoption.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Disaggregation of revenue by revenue source	The following table presents our revenues disaggregated by revenue source (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Truckload Transportation Services $ 445,053 $ 479,959 $ 909,916 $ 942,850 Werner Logistics 110,163 130,883 222,327 248,253 Inter-segment eliminations (14) (34) (25) (239) Transportation services 555,202 610,808 1,132,218 1,190,864 Other revenues 13,757 16,725 29,444 32,786 Total revenues $ 568,959 $ 627,533 $ 1,161,662 $ 1,223,650
Revenue by geographical location	The following table presents our revenues disaggregated by geographic areas in which we conduct business (in thousands). Operating revenues for foreign countries include revenues for (i) shipments with an origin or destination in that country and (ii) other services provided in that country. If both the origin and destination are in a foreign country, the revenues are attributed to the country of origin. Three Months Ended Six Months Ended 2020 2019 2020 2019 United States $ 516,425 $ 554,261 $ 1,046,496 $ 1,080,853 Mexico 31,045 51,958 74,466 104,772 Other 21,489 21,314 40,700 38,025 Total revenues $ 568,959 $ 627,533 $ 1,161,662 $ 1,223,650

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Operating Lease Information	The following table presents information about the amount, timing and uncertainty of cash flows arising from our operating leases as of June 30, 2020. (In thousands) June 30, 2020 Maturity of Lease Liabilities 2020 (remaining) $ 1,752 2021 3,176 2022 2,343 2023 1,521 2024 1,404 Thereafter 1,442 Total undiscounted operating lease payments $ 11,638 Less: Imputed interest (830) Present value of operating lease liabilities $ 10,808 Balance Sheet Classification Right-of-use assets (recorded in other non-current assets) $ 10,465 Current lease liabilities (recorded in other current liabilities) 3,100 Long-term lease liabilities (recorded in other long-term liabilities) 7,708 Total operating lease liabilities $ 10,808 Other Information Weighted-average remaining lease term for operating leases 4.26 years Weighted-average discount rate for operating leases 3.45 %
Schedule of Lessor Operating Lease Maturities	The following table presents information about the maturities of these operating leases as of June 30, 2020. (In thousands) June 30, 2020 2020 (remaining) $ 5,275 2021 4,771 2022 54 2023 — 2024 — Thereafter — Total $ 10,100

Credit Facilities (Tables)

Credit Facilities (Tables)	6 Months Ended
	Jun. 30, 2020
Line of Credit Facility [Line Items]
Schedule of Maturities of Long-term Debt	At June 30, 2020, the aggregate future maturities of long-term debt by year are as follows (in thousands): 2020 $ — 2021 — 2022 — 2023 — 2024 175,000 Total $ 175,000

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Basic And Diluted Earnings Per Share	The computation of basic and diluted earnings per share is shown below (in thousands, except per share amounts). Three Months Ended Six Months Ended 2020 2019 2020 2019 Net income $ 39,132 $ 43,318 $ 62,190 $ 79,404 Weighted average common shares outstanding 69,093 69,593 69,173 69,932 Dilutive effect of stock-based awards 342 300 358 297 Shares used in computing diluted earnings per share 69,435 69,893 69,531 70,229 Basic earnings per share $ 0.57 $ 0.62 $ 0.90 $ 1.14 Diluted earnings per share $ 0.56 $ 0.62 $ 0.89 $ 1.13

Equity Compensation (Tables)

Equity Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Equity Compensation [Abstract]
Schedule of Equity Compensation Expense and Related Income Tax Benefit Recognized	The following table summarizes the equity compensation expense and related income tax benefit recognized in the Consolidated Statements of Income (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Restricted awards: Pre-tax compensation expense $ 1,090 $ 1,313 $ 2,488 $ 2,476 Tax benefit 278 334 634 631 Restricted stock expense, net of tax $ 812 $ 979 $ 1,854 $ 1,845 Performance awards: Pre-tax compensation expense $ 53 $ 1,001 $ 1,063 $ 1,897 Tax benefit 13 256 271 484 Performance award expense, net of tax $ 40 $ 745 $ 792 $ 1,413
Schedule of Equity Compensation, Restricted Award Activity	The following table summarizes restricted award activity for the six months ended June 30, 2020: Number of Weighted Nonvested at beginning of period 369 $ 32.83 Granted 147 38.30 Vested (86) 32.85 Forfeited (37) 35.94 Nonvested at end of period 393 34.57
Schedule of Equity Compensation, Performance Award Activity	The following table summarizes performance award activity for the six months ended June 30, 2020: Number of Weighted Nonvested at beginning of period 327 $ 28.75 Granted 100 37.65 Vested (151) 23.61 Forfeited (47) 34.44 Nonvested at end of period 229 34.68

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Information	The following table summarizes our segment information (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Revenues Truckload Transportation Services $ 445,053 $ 479,959 $ 909,916 $ 942,850 Werner Logistics 110,163 130,883 222,327 248,253 Other 13,315 16,096 28,383 31,568 Corporate 442 629 1,061 1,218 Subtotal 568,973 627,567 1,161,687 1,223,889 Inter-segment eliminations (14) (34) (25) (239) Total $ 568,959 $ 627,533 $ 1,161,662 $ 1,223,650 Operating Income Truckload Transportation Services $ 51,225 $ 51,665 $ 80,314 $ 94,618 Werner Logistics 3,139 5,182 4,224 9,893 Other (534) 2,293 2,366 3,472 Corporate (1,012) (698) (3,020) (1,522) Total $ 52,818 $ 58,442 $ 83,884 $ 106,461

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Revenue from Contracts with Customer [Line Items]
Accounts receivable, net	$ 299,383	$ 322,846
Contract assets	7,100	5,900
Contract liabilities	1,300	$ 1,300
Revenue recognized from contract liability during the period	$ 1,300
Average transit time	3 days

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue by Revenue Source) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of revenue
Revenues	$ 568,959	$ 627,533	$ 1,161,662	$ 1,223,650
Truckload Transportation Services
Disaggregation of revenue
Revenues	445,053	479,959	909,916	942,850
Werner Logistics
Disaggregation of revenue
Revenues	110,163	130,883	222,327	248,253
Inter-segment eliminations
Disaggregation of revenue
Revenues	(14)	(34)	(25)	(239)
Transportation Services
Disaggregation of revenue
Revenues	555,202	610,808	1,132,218	1,190,864
Other revenues
Disaggregation of revenue
Revenues	$ 13,757	$ 16,725	$ 29,444	$ 32,786

Revenue (Disaggregation of Re_2

Revenue (Disaggregation of Revenue by Geographical Areas) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of revenue
Revenues	$ 568,959	$ 627,533	$ 1,161,662	$ 1,223,650
United States
Disaggregation of revenue
Revenues	516,425	554,261	1,046,496	1,080,853
Mexico
Disaggregation of revenue
Revenues	31,045	51,958	74,466	104,772
Others
Disaggregation of revenue
Revenues	$ 21,489	$ 21,314	$ 40,700	$ 38,025

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	Jan. 01, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Right-of-use asset recognized as non-cash asset addition	$ 8.7			$ 1.5	$ 0.8
Cash paid for amounts included in measurement of operating lease liability				2.1	1.8
Total operating lease expense		$ 2.1	$ 2	4.1	4.3
Operating lease expense		0.9	0.9	1.9	1.8
Operating lease revenues		$ 3	$ 3.5	$ 6.3	$ 6.8
Minimum
Lessee, Lease, Description [Line Items]
Operating leases remaining term, lessee		1 year		1 year
Operating leases remaining term, lessor		2 years		2 years
Maximum
Lessee, Lease, Description [Line Items]
Operating leases remaining term, lessee		11 years		11 years
Operating leases remaining term, lessor		10 years		10 years

Leases (Schedule of Operating L

Leases (Schedule of Operating Lease Information) (Details) $ in Thousands	Jun. 30, 2020USD ($)Rate
Lessee, Lease, Description [Line Items]
2020 (remaining)	$ 1,752
2021	3,176
2022	2,343
2023	1,521
2024	1,404
Thereafter	1,442
Total undiscounted operating lease payments	11,638
Less: Imputed interest	(830)
Present value of operating lease liabilities	10,808
Right-of-use assets (recorded in other non-current assets)	10,465
Current lease liabilities (recorded in other current liabilities)	3,100
Long-term lease liabilities (recorded in other long-term liabilities)	$ 7,708
Weighted-average remaining lease term for operating leases	4 years 3 months 3 days
Weighted-average discount rate for operating leases | Rate	3.45%

Leases (Schedule of Lessor Oper

Leases (Schedule of Lessor Operating Lease Maturities) (Details) $ in Thousands	Jun. 30, 2020USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2020 (remaining)	$ 5,275
2021	4,771
2022	54
2023	0
2024	0
Thereafter	0
Total	$ 10,100

Credit Facilities (Narrative) (

Credit Facilities (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Total of committed credit facilities with banks	$ 575
Borrowings outstanding	175	$ 300
Stand-by letters of credit	44.6
Wells Fargo Bank, N.A. Mature May 14, 2024
Line of Credit Facility [Line Items]
Total of committed credit facilities with banks	$ 300
Committed credit facilities maturity	May 14, 2024
Borrowings outstanding	$ 75
Interest rate swap facility, amount	$ 75
Line of credit facility, interest rate	0.85%
Interest rate swap facility, fixed interest	2.32%
Interest rate swap facility, maturity date	May 14, 2024
BMO Harris Bank N.A. Mature May 14, 2024
Line of Credit Facility [Line Items]
Total of committed credit facilities with banks	$ 200
Committed credit facilities maturity	May 14, 2024
Borrowings outstanding	$ 75
Interest rate swap facility, amount	$ 75
Line of credit facility, interest rate	0.88%
Interest rate swap facility, fixed interest	2.36%
Interest rate swap facility, maturity date	May 14, 2024
Mature July 13, 2020
Line of Credit Facility [Line Items]
Total of committed credit facilities with banks	$ 75
Committed credit facilities maturity	Jul. 13, 2020
Additional Outstanding Debt Under Credit Facilities
Line of Credit Facility [Line Items]
Borrowings outstanding	$ 25
Line of credit facility, interest rate	0.86%

Credit Facilities (Details)

Credit Facilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
2020	$ 0
2021	0
2022	0
2023	0
2024	175
Total	$ 175	$ 300

Commitments And Contingencies (

Commitments And Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2020	Dec. 31, 2019	Dec. 30, 2014
Loss Contingencies [Line Items]
Commitment for property and equipment purchases			$ 214.7
Loss contingency, damages awarded, value		$ 0.8
Loss contingency, damages awarded, attorney fees and costs		$ 0.5
May 17, 2018 Verdict [Member]
Loss Contingencies [Line Items]
Loss contingency, damages awarded, value	$ 92
Self insurance retained liability					$ 10
Loss contingency, estimate of possible loss			21.2	$ 18.8
Loss contingency, receivable, noncurrent			79.2	79.2
Loss contingency, accrual, noncurrent			$ 79.2	$ 79.2

Earnings Per Share (Basic And D

Earnings Per Share (Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 39,132	$ 43,318	$ 62,190	$ 79,404
Weighted average common shares outstanding	69,093	69,593	69,173	69,932
Dilutive effect of stock-based awards	342	300	358	297
Shares used in computing diluted earnings per share	69,435	69,893	69,531	70,229
Basic earnings per share	$ 0.57	$ 0.62	$ 0.90	$ 1.14
Diluted earnings per share	$ 0.56	$ 0.62	$ 0.89	$ 1.13
Number of antidilutive options that were excluded from computation of earnings per share	0	0	0	0

Equity Compensation (Narrative)

Equity Compensation (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Equity Compensation [Abstract]
Maximum shares of common stock	20,000,000
Maximum annual shares awarded to employee	500,000
Shares available for granting additional awards	6,683,155
Unrecognized compensation cost of non-vested equity compensation awards	$ 12.5
Unrecognized compensation cost of non-vested equity compensation awards expected to be recognized over a weighted average period (years)	1 year 10 months 24 days
Number of options granted	0	0
Restricted Stock
Equity Compensation [Abstract]
Fair value of awards vested	$ 3.4	$ 1.8
Restricted Stock | Minimum
Equity Compensation [Abstract]
Vesting period (months)	12 months
Restricted Stock | Maximum
Equity Compensation [Abstract]
Vesting period (months)	60 months
Performance Shares
Equity Compensation [Abstract]
Fair value of awards vested	$ 5.8	$ 1.2
Performance Shares | Minimum
Equity Compensation [Abstract]
Vesting period (months)	12 months
Performance Shares | Maximum
Equity Compensation [Abstract]
Vesting period (months)	60 months

Equity Compensation (Equity Com

Equity Compensation (Equity Compensation Expense And Related Income Tax Benefit Recognized) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restricted Stock
Equity Compensation [Abstract]
Pre-tax compensation expense	$ 1,090	$ 1,313	$ 2,488	$ 2,476
Tax benefit	278	334	634	631
Stock expense, net of tax	812	979	1,854	1,845
Performance Shares
Equity Compensation [Abstract]
Pre-tax compensation expense	53	1,001	1,063	1,897
Tax benefit	13	256	271	484
Stock expense, net of tax	$ 40	$ 745	$ 792	$ 1,413

Equity Compensation (Schedule o

Equity Compensation (Schedule of Equity Compensation Restricted Stock Activity) (Details) - Restricted Stock shares in Thousands	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Equity Compensation [Abstract]
Number of shares nonvested at beginning of period | shares	369
Number of shares granted | shares	147
Number of shares vested | shares	(86)
Number of shares forfeited | shares	(37)
Number of shares nonvested at end of period | shares	393
Weighted average grant date fair value nonvested at beginning of period | $ / shares	$ 32.83
Weighted average grant date fair value shares granted | $ / shares	38.30
Weighted average grant date fair value shares vested | $ / shares	32.85
Weighted average grant date fair value shares forfeited | $ / shares	35.94
Weighted average grant date fair value nonvested at end of period | $ / shares	$ 34.57

Equity Compensation (Schedule_2

Equity Compensation (Schedule of Equity Compensation Performance Shares Activity) (Details) - Performance Shares shares in Thousands	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Equity Compensation [Abstract]
Number of shares nonvested at beginning of period | shares	327
Number of shares granted | shares	100
Number of shares vested | shares	(151)
Number of shares forfeited | shares	(47)
Number of shares nonvested at end of period | shares	229
Weighted average grant date fair value nonvested at beginning of period | $ / shares	$ 28.75
Weighted average grant date fair value shares granted | $ / shares	37.65
Weighted average grant date fair value shares vested | $ / shares	23.61
Weighted average grant date fair value shares forfeited | $ / shares	34.44
Weighted average grant date fair value nonvested at end of period | $ / shares	$ 34.68

Segment Information (Narratives

Segment Information (Narratives) (Details)	6 Months Ended
	Jun. 30, 2020Segments
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information (Summary Of

Segment Information (Summary Of Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 568,959	$ 627,533	$ 1,161,662	$ 1,223,650
Operating Income	52,818	58,442	83,884	106,461
Truckload Transportation Services
Segment Reporting Information [Line Items]
Revenues	445,053	479,959	909,916	942,850
Operating Income	51,225	51,665	80,314	94,618
Werner Logistics
Segment Reporting Information [Line Items]
Revenues	110,163	130,883	222,327	248,253
Operating Income	3,139	5,182	4,224	9,893
Other
Segment Reporting Information [Line Items]
Revenues	13,315	16,096	28,383	31,568
Operating Income	(534)	2,293	2,366	3,472
Corporate
Segment Reporting Information [Line Items]
Revenues	442	629	1,061	1,218
Operating Income	(1,012)	(698)	(3,020)	(1,522)
Subtotal
Segment Reporting Information [Line Items]
Revenues	568,973	627,567	1,161,687	1,223,889
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenues	$ (14)	$ (34)	$ (25)	$ (239)