Forward Air (FWRD) 10-Q 25 Oct 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 21, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	000-22490
Entity Registrant Name	FORWARD AIR CORP
Entity Incorporation, State or Country Code	TN
Entity Tax Identification Number	62-1120025
Entity Address, Address Line One	1915 Snapps Ferry Road
Entity Address, Address Line Two	Building N
Entity Address, City or Town	Greeneville
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37745
City Area Code	423
Local Phone Number	636-7000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	FWRD
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		28,172,110
Entity Central Index Key	0000912728
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 34,824	$ 25,657
Accounts receivable, less allowance of $2,494 in 2019 and $2,081 in 2018	157,494	156,359
Other current assets	23,393	19,066
Total current assets	215,711	201,082
Property and equipment	438,656	413,900
Less accumulated depreciation and amortization	217,813	204,005
Total property and equipment, net	220,843	209,895
Operating Lease, Right-of-Use Asset	158,977	0
Goodwill and other acquired intangibles:
Goodwill	220,423	199,092
Other acquired intangibles, net of accumulated amortization of $88,839 in 2019 and $80,666 in 2018	130,038	113,661
Total goodwill and other acquired intangibles, net	350,461	312,753
Other assets	34,641	36,485
Total assets	980,633	760,215
Current liabilities:
Accounts payable	32,599	34,630
Accrued expenses	51,412	39,784
Other current liabilities	7,049	0
Current portion of debt and finance lease obligations	1,578	309
Current portion of operating lease obligations	47,137	0
Total current liabilities	139,775	74,723
Debt and finance lease obligations, less current portion	72,738	47,335
Operating lease obligations, less current portion	112,553	0
Other long-term liabilities	51,316	47,739
Deferred income taxes	43,106	37,174
Shareholders' equity:
Preferred stock	0	0
Common stock, $0.01 par value: Authorized shares - 50,000,000, Issued and outstanding shares - 27,915,057 in 2019 and 28,534,935 in 2018	279	285
Additional paid-in capital	221,629	210,296
Retained earnings	339,237	342,663
Total shareholders' equity	561,145	553,244
Total liabilities and shareholders' equity	$ 980,633	$ 760,215

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) Parenthetical - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Accounts receivable, allowance	$ 2,494	$ 2,081
Other acquired intangibles, accumulated amortization	$ 88,839	$ 80,666
Shareholders' equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	50,000,000	50,000,000
Common stock, issued shares (in shares)	27,915,057	28,534,935
Common stock, outstanding shares (in shares)	27,915,057	28,534,935

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Operating revenue	$ 361,663	$ 331,375	$ 1,028,891	$ 964,325
Operating expenses:
Purchased transportation	163,606	155,451	462,744	450,833
Salaries, wages and employee benefits	87,259	76,028	243,899	217,682
Operating leases	20,521	18,671	60,021	54,640
Depreciation and amortization	10,528	10,295	32,036	31,346
Insurance and claims	10,930	9,203	33,531	26,442
Fuel expense	6,105	5,634	17,642	16,786
Other operating expenses	32,025	26,214	93,045	79,612
Total operating expenses	330,974	301,496	942,918	877,341
Income from operations	30,689	29,879	85,973	86,984
Other expense:
Interest expense	(761)	(472)	(1,916)	(1,327)
Other, net	1	(1)	(1)	(2)
Total other expense	(760)	(473)	(1,917)	(1,329)
Income before income taxes	29,929	29,406	84,056	85,655
Income tax expense	7,734	7,077	21,124	21,289
Net income and comprehensive income	$ 22,195	$ 22,329	$ 62,932	$ 64,366
Net income per share:
Basic (in dollars per share)	$ 0.78	$ 0.76	$ 2.20	$ 2.18
Diluted (in dollars per share)	0.78	0.76	2.19	2.18
Dividends per share:
Dividends per share (in dollars per share)	$ 0.18	$ 0.15	$ 0.54	$ 0.45

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Document Period End Date	Sep. 30, 2019
Operating activities:
Net income	$ 62,932	$ 64,366
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	32,036	31,346
Change in fair value of earn-out liability	890	(455)
Share-based compensation	9,006	7,525
Loss (gain) on disposal of property and equipment, net	1,010	(14)
Provision for loss (recovery) on receivables	828	(52)
Provision for revenue adjustments	2,243	2,921
Deferred income tax expense	5,931	6,676
Changes in operating assets and liabilities
Accounts receivable	(4,206)	(3,386)
Prepaid expenses and other current assets	(4,473)	(4,880)
Income taxes	(2,556)	(3,193)
Accounts payable and accrued expenses	14,090	12,991
Net cash provided by operating activities	117,731	113,845
Investing activities:
Proceeds from disposal of property and equipment	2,101	5,989
Purchases of property and equipment	(27,102)	(34,344)
Acquisition of business, net of cash acquired	(39,000)	(3,737)
Other	0	(356)
Net cash used in investing activities	(64,001)	(32,448)
Financing activities:
Payments of finance lease obligations	(528)	(228)
Proceeds from senior credit facility	20,000	0
Proceeds from exercise of stock options	2,063	3,682
Payments of cash dividends	(15,421)	(13,213)
Repurchase of common stock (repurchase program)	(47,906)	(44,985)
Proceeds from common stock issued under employee stock purchase plan	261	237
Cash settlement of share-based awards for tax withholdings	(3,032)	(1,872)
Net cash used in financing activities	(44,563)	(56,379)
Net increase in cash	9,167	25,018
Cash at beginning of period	25,657	3,893
Cash at end of period	$ 34,824	$ 28,911

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2017	$ 532,699	$ 295	$ 195,346	$ 337,058
Balance, shares (in shares) at Dec. 31, 2017		29,454,000
Net income and comprehensive income	17,741			17,741
Other	(29)	$ (2)		(27)
Share-based compensation	2,261		2,261
Dividends	(4,413)		1	(4,414)
Cash settlement of share-based awards for tax withholdings	(1,823)			(1,823)
Cash settlement of share-based awards for tax withholdings (in shares)		(33,000)
Share repurchases	(19,993)	$ (4)		(19,989)
Share repurchases, shares		(364,000)
Vesting of previously non-vested shares		$ 1	(1)
Vesting of previously non-vested shares (in shares)		105,000
Balance at Mar. 31, 2018	526,443	$ 290	197,607	328,546
Balance, shares (in shares) at Mar. 31, 2018		29,162,000
Balance at Dec. 31, 2017	$ 532,699	$ 295	195,346	337,058
Balance, shares (in shares) at Dec. 31, 2017		29,454,000
Share repurchases, shares	(765,000)
Balance at Sep. 30, 2018	$ 548,410	$ 288	206,790	341,332
Balance, shares (in shares) at Sep. 30, 2018		28,869,000
Balance at Mar. 31, 2018	526,443	$ 290	197,607	328,546
Balance, shares (in shares) at Mar. 31, 2018		29,162,000
Net income and comprehensive income	24,298			24,298
Other	(2)			(2)
Exercise of stock options	1,112	$ 1	1,111
Exercise of stock options (in shares)		26,000
Common stock issued under employee stock purchase plan	237		237
Common stock issued under employee stock purchase plan (in shares)		5,000
Share-based compensation	2,418		2,418
Dividends	(4,415)		1	(4,416)
Cash settlement of share-based awards for tax withholdings	(49)			(49)
Cash settlement of share-based awards for tax withholdings (in shares)		(1,000)
Share repurchases	(8,172)	$ (1)		(8,171)
Share repurchases, shares		(133,000)
Vesting of previously non-vested shares		$ 1	(1)
Vesting of previously non-vested shares (in shares)		15,000
Balance at Jun. 30, 2018	541,870	$ 291	201,373	340,206
Balance, shares (in shares) at Jun. 30, 2018		29,074,000
Net income and comprehensive income	22,329			22,329
Other	(1)		(1)
Exercise of stock options	2,570		2,570
Exercise of stock options (in shares)		62,000
Share-based compensation	2,847		2,847
Dividends	(4,385)		1	(4,386)
Share repurchases	$ (16,820)	$ (3)		(16,817)
Share repurchases, shares	(267,000)	(267,000)
Balance at Sep. 30, 2018	$ 548,410	$ 288	206,790	341,332
Balance, shares (in shares) at Sep. 30, 2018		28,869,000
Balance at Dec. 31, 2018	$ 553,244	$ 285	210,296	342,663
Balance, shares (in shares) at Dec. 31, 2018	28,534,935	28,535,000
Net income and comprehensive income	$ 18,407			18,407
Other	2	$ 2
Exercise of stock options	830		830
Exercise of stock options (in shares)		18,000
Share-based compensation	3,047		3,047
Dividends	(5,189)		1	(5,190)
Cash settlement of share-based awards for tax withholdings	(2,721)	$ (1)		(2,720)
Cash settlement of share-based awards for tax withholdings (in shares)		(44,000)
Share repurchases	(14,181)	$ (2)		(14,179)
Share repurchases, shares		(230,000)
Vesting of previously non-vested shares (in shares)		136,000
Balance at Mar. 31, 2019	553,439	$ 284	214,174	338,981
Balance, shares (in shares) at Mar. 31, 2019		28,415,000
Balance at Dec. 31, 2018	$ 553,244	$ 285	210,296	342,663
Balance, shares (in shares) at Dec. 31, 2018	28,534,935	28,535,000
Share repurchases, shares	(789,000)
Balance at Sep. 30, 2019	$ 561,145	$ 279	221,629	339,237
Balance, shares (in shares) at Sep. 30, 2019	27,915,057	27,915,000
Balance at Mar. 31, 2019	$ 553,439	$ 284	214,174	338,981
Balance, shares (in shares) at Mar. 31, 2019		28,415,000
Net income and comprehensive income	22,330			22,330
Other	(4)		(2)	(2)
Exercise of stock options	448		448
Exercise of stock options (in shares)		10,000
Common stock issued under employee stock purchase plan	261		261
Common stock issued under employee stock purchase plan (in shares)		5,000
Share-based compensation	3,197		3,197
Dividends	(5,144)		2	(5,146)
Cash settlement of share-based awards for tax withholdings	(49)			(49)
Cash settlement of share-based awards for tax withholdings (in shares)		(1,000)
Share repurchases	(24,436)	$ (4)		(24,432)
Share repurchases, shares		(407,000)
Vesting of previously non-vested shares (in shares)		18,000
Balance at Jun. 30, 2019	550,042	$ 280	218,080	331,682
Balance, shares (in shares) at Jun. 30, 2019		28,040,000
Net income and comprehensive income	22,195			22,195
Exercise of stock options	785		785
Exercise of stock options (in shares)		17,000
Share-based compensation	2,762		2,762
Dividends	(5,088)		2	(5,090)
Cash settlement of share-based awards for tax withholdings	(262)			(262)
Cash settlement of share-based awards for tax withholdings (in shares)		(4,000)
Share repurchases	$ (9,289)	$ (1)		(9,288)
Share repurchases, shares	(152,000)	(152,000)
Vesting of previously non-vested shares (in shares)		14,000
Balance at Sep. 30, 2019	$ 561,145	$ 279	$ 221,629	$ 339,237
Balance, shares (in shares) at Sep. 30, 2019	27,915,057	27,915,000

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Unaudited) Parenthetical - $ / shares	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Common Stock, Dividends, Per Share, Declared	$ 0.18	$ 0.18	$ 0.18	$ 0.15	$ 0.15	$ 0.15	$ 0.54	$ 0.45

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Forward Air Corporation ("the Company", "We", "Our") is a leading asset-light freight and logistics company. Forward Air Corporation's services can be classified into four reportable segments: Expedited LTL, Intermodal, Truckload Premium Services ("TLS") and Pool Distribution ("Pool") (See Note 13). Through the Expedited LTL segment, we operate a comprehensive national network to provide expedited regional, inter-regional and national less-than-truckload ("LTL") services. Expedited LTL offers customers local pick-up and delivery and other services including shipment consolidation and deconsolidation, warehousing, final mile solutions, customs brokerage and other handling. Because of our roots in serving the deferred air freight market, our terminal network is located at or near airports in the United States and Canada. Our Intermodal segment provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. Intermodal also offers dedicated contract and container freight station ("CFS") warehouse and handling services. Today, Intermodal operates primarily in the Midwest and Southeast, with a smaller operational presence in the Southwest and Mid-Atlantic United States. Through our TLS segment, we provide expedited truckload brokerage, dedicated fleet services, as well as high security and temperature-controlled logistics services in the United States and Canada. In our Pool segment, we provide high-frequency handling and distribution of time sensitive product to numerous destinations within a specific geographic region. We offer this service throughout the Mid-Atlantic, Southeast, Midwest and Southwest United States. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by United States generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The Company’s operating results are subject to seasonal trends (as described in our 2018 Form 10-K) when measured on a quarterly basis; therefore operating results for the nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 . For further information, refer to the consolidated financial statements and notes thereto included in the Forward Air Corporation Annual Report on Form 10-K for the year ended December 31, 2018 . The accompanying unaudited condensed consolidated financial statements of the Company include Forward Air Corporation and its subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to the prior period financial information to conform to the current year presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2019
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), which replaces the incurred loss methodology previously employed to measure credit losses for most financial assets and requires the use of a forward-looking expected loss model. Under current accounting guidance, credit losses are recognized when it is probable a loss has been incurred. The updated guidance will require financial assets to be measured at amortized costs less a reserve, equal to the net amount expected to be collected. This standard will be effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company is evaluating the effects that the adoption of this guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases, which requires lessees to recognize a right-of-use asset with a corresponding lease liability on their balance sheet for most leases classified as operating leases under previous guidance. Lessors are required to recognize a net lease investment for most leases. Additional qualitative and quantitative disclosures are also required. The Company applied the transition requirements as of January 1, 2019. As of September 30, 2019 the Company recorded right-of-use lease assets and corresponding lease liabilities of $158,977 and $159,690 , respectively. There was no impact to the Company's Statements of Comprehensive Income or Statements of Cash Flows. In addition, comparative financial statements have not been presented as allowed per the guidance. Changes to processes and internal controls to meet the standard’s reporting and disclosure requirements have also been implemented. See Note 9, Leases, for additional discussion over this new standard, including the impact on the Company's financial statements.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue [Abstract]
Revenue	Revenue The Company's revenue is generated from providing transportation and related services to customers in accordance with contractual agreements, bill of lading ("BOL") contracts and general tariff provisions. Related services include accessorial charges such as terminal handling, storage, equipment rentals and customs brokerage. These services are distinct and are accounted for as separate performance obligations. Generally, the Company's performance obligations begin when a customer's BOL is received and are satisfied when the delivery of a shipment and related services are completed. The Company generally recognizes revenue for its services over time to coincide with when its customers simultaneously receive and consume the benefits of these services. Performance obligations are short-term with transit days typically less than a week. Upon delivery of a shipment or related service, customers are billed and remit payment according to payment terms. Our revenue from contracts with customers is disclosed within our four reportable segments: Expedited LTL, Intermodal, TLS and Pool. This is consistent with our disclosures in earnings releases and annual reports and with the information regularly reviewed by the chief operating decision maker for evaluating financial performance. See additional discussion in Note 13, Segment Reporting.

Acquisitions and Long-Lived Ass

Acquisitions and Long-Lived Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisitions and Long-Lived Assets	Acquisitions and Long-Lived Assets Expedited LTL Acquisitions As part of our strategy to expand our final mile pickup and delivery operations, in April 2019, we acquired certain assets and liabilities of FSA Network, Inc., doing business as FSA Logistix (“FSA”), for $27,000 and a potential earnout of up to $15,000 . This acquisition provides an opportunity for our Expedited LTL segment to expand its final mile service offering into additional geographic markets, form relationships with new customers, add volumes to our existing locations and generate synergies with our LTL operations. This transaction was funded using cash flows from operations. The assets, liabilities, and operating results of this acquisition have been included in the Company's consolidated financial statements from the date of acquisition and have been assigned to the Expedited LTL reportable segment. The acquisition agreement provides the sellers an earnout opportunity of up to $15,000 based on the achievement of certain revenue milestones over a two year period, beginning May 1, 2019. Upon acquisition the fair value of the earn-out liability was $10,321 and is included in other current and long-term liabilities in the opening condensed consolidated balance sheet. The earn-out liability was classified as level 3 of the fair value hierarchy as defined in the FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles (“the FASB Codification”) and the value was determined based on estimated revenues and the probability of achieving them. The fair value was based on the two-year performance of FSA's acquired customer revenue and was estimated using a Monte Carlo simulation. The initial weighted average assumptions used in the Monte Carlo simulation are summarized in the following table: FSA Earn-out Risk-free rate 2.4% Revenue discount rate 8.5% Revenue volatility 9.0% During the three months ended September 30, 2019, the earn-out fair value increased $890 to $11,211 . The fair value increased due to new final mile business wins after the acquisition date that are included in the revenue used to calculate the earn-out and due to increased probability of paying the earn-out, partly due to the passage of time. The increase in the earn-out was recorded in the other operating expenses line item. As of September 30, 2019, the expected total earn-out to be paid is $12,600 . Intermodal Acquisitions As part of the Company's strategy to expand its Intermodal operations, in July 2019, the Company acquired certain assets and liabilities of O.S.T. Logistics, Inc. and O.S.T. Trucking Co., Inc. (together referred to as “OST”) for $12,000 . OST is a drayage company and provides the Intermodal segment with an expanded footprint on the East Coast, with locations in the Pennsylvania, Maryland, Virginia, South Carolina and Georgia markets. Additionally, in October 2018, the Company acquired certain assets of Southwest Freight Distributors (“Southwest”) for $16,250 . The Southwest acquisition provides an expanded footprint in Texas and access to several strategic customer relationships. These transactions were funded using cash flows from operations.The assets, liabilities, and operating results of these collective acquisitions have been included in the Company's consolidated financial statements from their dates of acquisition and have been included in the Intermodal reportable segment. Allocations of Purchase Price The following table presents the allocations of the FSA and OST purchase price to the assets acquired and liabilities assumed based on their estimated fair values and resulting residual goodwill (in thousands): FSA OST April 21, 2019 July 14, 2019 Tangible assets: Cash $ 202 $ — Other receivables 1,491 — Property and equipment 40 10,604 Operating lease right-of-use assets 3,209 1,672 Total tangible assets 4,942 12,276 Intangible assets: Non-compete agreements 900 850 Customer relationships 17,100 5,700 Goodwill 19,281 2,050 Total intangible assets 37,281 8,600 Total assets acquired 42,223 20,876 Liabilities assumed: Current liabilities 7,664 — Other liabilities 4,350 — Debt and finance lease obligations — 7,204 Operating lease obligations 3,209 1,672 Total liabilities assumed 15,223 8,876 Net assets acquired $ 27,000 $ 12,000 The above purchase price allocations for FSA and OST is preliminary, as the Company is still in the process of finalizing the valuation of the acquired assets and liabilities assumed. The above estimated fair values of assets acquired and liabilities assumed for FSA and OST are based on the information that was available as of the acquisition date through the date of this filing. The acquired definite-lived intangible assets have the following useful lives: Useful Lives FSA OST Non-compete agreements 5 years 3 years Customer relationships 15 years 10 years The fair value of the non-compete agreements and customer relationships assets were estimated using an income approach. The Company's inputs into fair value estimates are classified within level 3 of the fair value hierarchy. Under this method, an intangible asset's fair value is equal to the present value of the incremental after-tax cash flows (excess earnings) attributable solely to the intangible asset over its remaining useful life. To estimate fair value, the Company used cash flows discounted at rates considered appropriate given the inherent risks associated with each type of asset. The Company believes that the level and timing of cash flows appropriately reflect market participant assumptions. Cash flows were assumed to extend through the remaining economic useful life of each class of intangible asset. Goodwill The Company conducted its annual impairment assessments and test of goodwill for each reporting unit as of June 30, 2019 and no impairment charges were required at that time. The first step of the goodwill impairment test is the Company's assessment of qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than the reporting unit's carrying amount, including goodwill. When performing the qualitative assessment, the Company considers the impact of factors including, but not limited to, macroeconomic and industry conditions, overall financial performance of each reporting unit, litigation and new legislation. If based on the qualitative assessments, the Company believes it more likely than not that the fair value of a reporting unit is less than the reporting unit's carrying amount, or periodically as deemed appropriate by management, the Company will prepare an estimation of the respective reporting unit's fair value utilizing a quantitative approach. If a quantitative fair value estimation is required, the Company estimates the fair value of the applicable reporting units, using a combination of discounted projected cash flows and market valuations for comparable companies as of the valuation date (level 3). If this estimation of fair value indicates that impairment potentially exists, the Company will then measure the amount of the impairment, if any. Goodwill impairment exists when the estimated implied fair value of goodwill is less than its carrying value. Changes in strategy or market conditions could significantly impact these fair value estimates and require adjustments to recorded asset balances. During the nine months ended September 30, 2019, no indicators of goodwill impairment were identified. The following is a summary of the Company's goodwill as of September 30, 2019 . Approximately $141,279 of goodwill is deductible for tax purposes. Beginning balance, December 31, 2018 FSA Acquisition OST Acquisition Ending balance, September 30, 2019 Expedited LTL Goodwill $ 97,593 $ 19,281 $ — $ 116,874 Accumulated Impairment — — — — Intermodal Goodwill 76,615 — 2,050 78,665 Accumulated Impairment — — — — TLS Goodwill 45,164 — — 45,164 Accumulated Impairment (25,686 ) — — (25,686 ) Pool Distribution Goodwill 12,359 — — 12,359 Accumulated Impairment (6,953 ) — — (6,953 ) Total $ 199,092 $ 19,281 $ 2,050 $ 220,423 Other Long-Lived Assets The Company evaluates the reasonableness of the useful lives and salvage values of its assets on an ongoing basis. During the current quarter, the Company identified indicators that the useful lives of its owned tractors and trailers extended beyond initial expectations. As a result, the Company performed a useful life study ("the study") to conclude if any changes to its tractor and trailer useful lives and salvage values were warranted. The study included reviewing statistical data for its population of owned tractors and trailers, including historical disposition activity, reviewing fair value information and conducting interviews with management to determine the expected future use of assets. As a result of this study, management deemed it appropriate to extend the average useful life of its trailers from 7 to 10 years and its tractors from 5 to 10 years. In addition, management reduced the average salvage value of its tractors from 25% to 10% . No changes were made to trailer salvage values. These changes in estimates were made to assets currently owned and originally purchased new since assets purchased used were assigned individual useful lives and salvage values based on their age and condition at purchase. This change in estimate was made on a prospective basis beginning on July 1, 2019. The impact of this study on the three and nine months ended September 30, 2019 was a $1,000 reduction in depreciation. In addition, management recorded a $900 reserve for tractors during the current quarter. This is recorded in other operating expenses in our Consolidated Statements of Comprehensive Income.

Share-Based Payments

Share-Based Payments	9 Months Ended
	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Payments	Share-Based Payments The Company’s general practice has been to make a single annual grant of share-based compensation in the first quarter to key employees and to make other employee grants only in connection with new employment or promotions. Forms of share-based compensation granted to employees by the Company include stock options, non-vested shares of common stock (“non-vested shares”), and performance shares. The Company also typically makes a single annual grant of non-vested shares to non-employee directors in conjunction with the annual election of non-employee directors to the Board of Directors. Share-based compensation is based on the grant date fair value of the instrument and is recognized ratably over the requisite service period, or vesting period. All share-based compensation expense is recognized in salaries, wages and employee benefits. Employee Activity - Stock Options Stock option grants to employees generally expire seven years from the grant date and typically vest ratably over a three -year period. The Company historically used the Black-Scholes option-pricing model to estimate the grant-date fair value of options granted. The Company did not make any stock option grants in the nine months ended September 30, 2019 . The following tables summarize the Company’s employee stock option activity and related information: Nine months ended September 30, 2019 Weighted- Weighted- Average Average Aggregate Remaining Exercise Intrinsic Contractual Options Price Value Term Outstanding at December 31, 2018 538 $ 51 Exercised (45 ) 47 Forfeited (8 ) 54 Outstanding at September 30, 2019 485 $ 52 $ 4,638 4.0 Exercisable at September 30, 2019 319 $ 48 $ 4,163 3.3 Nine months ended September 30, September 30, Share-based compensation for options $ 1,209 $ 1,085 Tax benefit for option compensation $ 312 $ 271 Unrecognized compensation cost for options, net of estimated forfeitures $ 1,878 $ 3,621 Weighted average period over which unrecognized compensation will be recognized (years) 1.6 Employee Activity - Non-vested Shares Non-vested share grants to employees vest ratably over a three -year period. The non-vested shares’ fair values were estimated using closing market prices on the day of grant. The following tables summarize the Company’s employee non-vested share activity and related information: Nine months ended September 30, 2019 Weighted- Average Aggregate Non-vested Grant Date Grant Date Shares Fair Value Fair Value Outstanding and non-vested at December 31, 2018 315 $ 55 Granted 114 59 Vested (131 ) 61 Forfeited (15 ) 56 Outstanding and non-vested at September 30, 2019 283 $ 58 $ 16,441 Nine months ended September 30, September 30, Share-based compensation for non-vested shares $ 6,210 $ 4,902 Tax benefit for non-vested share compensation $ 1,581 $ 1,225 Unrecognized compensation cost for non-vested shares, net of estimated forfeitures $ 10,705 $ 13,146 Weighted average period over which unrecognized compensation will be recognized (years) 1.8 Employee Activity - Performance Shares The Company annually grants performance shares to key employees. Under the terms of the performance share agreements, following the end of a three-year performance period, the Company will issue to these employees a calculated number of common stock shares based on meeting certain performance targets. For shares granted during the nine months ended September 30, 2019 , 50% of the performance share issuances will be based on meeting earnings before interest, taxes, depreciation and amortization ("EBITDA") per share targets and the remaining 50% of the performance share issuances will be based on the three -year performance of the Company’s total shareholder return ("TSR") as compared to the TSR of a selected peer group. All performance shares granted during the nine months ended September 30, 2018 were based on achieving total shareholder return targets. Depending upon the EBITDA per share targets met, 0% to 200% of the granted shares may ultimately be issued. For shares granted based on total shareholder return, 0% of the shares will be issued if the Company's total shareholder return outperforms 25% or less of the peer group, but 200% of the shares will be issued if the Company's total shareholder return performs better than 90% of the peer group. The fair value of the performance shares granted based on meeting EBITDA per share targets were estimated using the closing market prices on the day of grant and the probability of meeting these targets as of the measurement date. The fair value of the performance shares granted based on the three year performance of the Company’s total shareholder return was estimated using a Monte Carlo simulation. The weighted average assumptions used in the Monte Carlo estimate were as follows: Nine months ended September 30, September 30, Expected stock price volatility 23.4 % 24.3 % Weighted average risk-free interest rate 2.5 % 2.2 % The following tables summarize the Company’s employee performance share activity, assuming median share awards, and related information: Nine months ended September 30, 2019 Weighted- Average Aggregate Performance Grant Date Grant Date Shares Fair Value Fair Value Outstanding and non-vested at December 31, 2018 65 $ 58 Granted 30 61 Vested (23 ) 64 Forfeited (10 ) 63 Outstanding and non-vested at September 30, 2019 62 $ 62 $ 3,870 Nine months ended September 30, September 30, Share-based compensation for performance shares $ 821 $ 953 Tax benefit for performance share compensation $ 212 $ 238 Unrecognized compensation cost for performance shares, net of estimated forfeitures $ 1,884 $ 1,725 Weighted average period over which unrecognized compensation will be recognized (years) 1.9 Employee Activity – Employee Stock Purchase Plan Under the 2005 Employee Stock Purchase Plan (the “ESPP”), which has been approved by shareholders, the Company is authorized to issue up to a remaining 357 shares of common stock to employees of the Company. These shares may be issued at a price equal to 90% of the lesser of the market value on the first day or the last day of each six-month purchase period. Common stock purchases are paid for through periodic payroll deductions and/or up to two large lump sum contributions. The following table summarizes the Company’s employee stock purchase activity and related information: Nine months ended September 30, September 30, Shares purchased by participants under plan 5 5 Average purchase price $ 49 $ 52 Weighted-average fair value of each purchase right under the ESPP granted ¹ $ 10 $ 7 Share-based compensation for ESPP shares $ 52 $ 32 ¹ Equal to the discount from the market value of the common stock at the end of each six month purchase period Non-employee Director Activity - Non-vested Shares Grants of non-vested shares to non-employee directors vest ratably over the elected term to the Board of Directors, or approximately one year . The following tables summarize the Company’s non-employee non-vested share activity and related information: Nine months ended September 30, 2019 Weighted- Average Aggregate Non-vested Grant Date Grant Date Shares Fair Value Fair Value Outstanding and non-vested at December 31, 2018 15 $ 59 Granted 15 62 Vested (15 ) 59 Outstanding and non-vested at September 30, 2019 15 $ 62 $ 920 Nine months ended September 30, September 30, Share-based compensation for non-vested shares $ 714 $ 553 Tax benefit for non-vested share compensation $ 184 $ 138 Unrecognized compensation cost for non-vested shares, net of estimated forfeitures $ 554 $ 501 Weighted average period over which unrecognized compensation will be recognized (years) 0.6

Senior Credit Facility

Senior Credit Facility	9 Months Ended
	Sep. 30, 2019
Senior Credit Facility [Abstract]
Senior Credit Facility	Senior Credit Facility On September 29, 2017, the Company entered into a five -year senior unsecured revolving credit facility (the “Facility”) with a maximum aggregate principal amount of $150,000 , with a sublimit of $30,000 for letters of credit and a sublimit of $30,000 for swing line loans. The Facility may be increased by up to $100,000 to a maximum aggregate principal amount of $250,000 pursuant to the terms of the credit agreement, subject to the lenders’ agreement to increase their commitments or the addition of new lenders extending such commitments. Such increases to the Facility may be in the form of additional revolving credit loans, term loans or a combination thereof, and are contingent upon there being no events of default under the Facility and satisfaction of other conditions precedent and are subject to the other limitations set forth in the credit agreement. The Facility is scheduled to mature in September 2022 and may be used to refinance existing indebtedness of the Company and for working capital, capital expenditures and other general corporate purposes. Unless the Company elects otherwise under the credit agreement, interest on borrowings under the Facility is based on the highest of (a) the federal funds rate (not less than 0%) plus 0.5% , (b) the administrative agent's prime rate and (c) the LIBOR Rate plus 1.0% , in each case plus a margin that can range from 0.3% to 0.8% with respect to the Facility depending on the Company’s ratio of consolidated funded indebtedness to earnings before interest, taxes, depreciation and amortization, as set forth in the credit agreement. Payments of interest for each loan that is based on the LIBOR Rate are due in arrears on the last day of the interest period applicable to such loan (with interest periods of one, two or three months being available, at the Company’s option). Payments of interest on loans that are not based on the LIBOR Rate are due on the last day of each quarter ended March 31, June 30, September 30 and December 31 of each year. All unpaid amounts of principal and interest are due at maturity. As of September 30, 2019 , the Company had $67,500 in borrowings outstanding under the revolving credit facility, $14,020 utilized for outstanding letters of credit and $68,480 of available borrowing capacity under the revolving credit facility. The interest rate on the outstanding borrowing under the revolving credit facility was 3.4% as of September 30, 2019. The Facility contains customary events of default including, among other things, payment defaults, breach of covenants, cross acceleration to material indebtedness, bankruptcy-related defaults, material judgment defaults, and the occurrence of certain change of control events. The occurrence of an event of default may result in, among other things, the termination of the Facilities, acceleration of repayment obligations and the exercise of remedies by the lenders with respect to the Company and its subsidiaries

Net Income Per Share

Net Income Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share The following table sets forth the computation of basic and diluted net income per share: Three months ended Nine months ended September 30, September 30, September 30, September 30, Numerator: Net income and comprehensive income $ 22,195 $ 22,329 $ 62,932 $ 64,366 Income allocated to participating securities (236 ) (239 ) (696 ) (596 ) Numerator for basic and diluted income per share - net income $ 21,959 $ 22,090 $ 62,236 $ 63,770 Denominator: Denominator for basic income per share - weighted-average shares 27,981 28,964 28,286 29,189 Effect of dilutive stock options 74 95 76 81 Effect of dilutive performance shares 27 36 31 33 Denominator for diluted income per share - adjusted weighted-average shares 28,082 29,095 28,393 29,303 Basic net income per share $ 0.78 $ 0.76 $ 2.20 $ 2.18 Diluted net income per share $ 0.78 $ 0.76 $ 2.19 $ 2.18 The number of instruments that could potentially dilute net income per basic share in the future, but that were not included in the computation of net income per diluted share because to do so would have been anti-dilutive for the periods presented, are as follows: September 30, 2019 September 30, 2018 Anti-dilutive stock options 188 100 Anti-dilutive performance shares — 15 Anti-dilutive non-vested shares and deferred stock units — 3 Total anti-dilutive shares 188 118

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, various states and Canada. With a few exceptions, the Company is no longer subject to U.S. federal, state and local, or Canadian examinations by tax authorities for years before 2011. For the three and nine months ended September 30, 2019 and 2018, the effective income tax rates varied from the statutory federal income tax rate of 21.0% , primarily as a result of the effect of state income taxes, net of the federal benefit, and permanent differences between book and tax net income. The combined federal and state effective tax rate for the nine months ended September 30, 2019 was 25.1% compared to a rate of 24.9% for the same period in 2018. The higher effective tax rate for the nine months ended September 30, 2019 was primarily the result of a larger portion of executive compensation exceeding the IRS code section 162M limit, which makes it not deductible for income tax purposes in 2019 and a $300 Tennessee state job tax credit in the prior year. This increase was partly offset by increased stock based compensation vesting when compared to the same period in 2018, which was impacted by forfeited performance shares.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases As of January 1, 2019, the Company adopted ASU 2016-02, Leases, which required the Company to recognize a right-of-use asset and a corresponding lease liability on its balance sheet for most leases classified as operating leases under previous guidance. The Company adopted the standard using the modified retrospective approach as of January 1, 2019 and comparative financial statements have not been presented as allowed per the guidance. The Company elected several of the practical expedients permitted under the transition guidance within the new standard. The package of practical expedients elected allowed the Company to carryforward its conclusions over whether any existing contracts contain a lease, to carryforward historical lease classification, and to carryforward its evaluation of initial direct costs for any existing leases. In addition, the Company elected the practical expedients to combine lease and non-lease components and to keep leases with an initial term of 12 months or less, after the consideration of options, off the balance sheet. For these leases with an initial term of 12 months or less, after the consideration of options, the Company recognized the corresponding lease expense on a straight-line basis over the lease term. These practical expedients have been elected for all leases and subleases and will be applied on a go-forward basis. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. An entity controls the use of the identified asset if both of the following are true: (1) the entity obtains the right to substantially all of the economic benefits from use of the identified asset and (2) the entity has the right to direct the use of the identified asset. For the three and nine months ended September 30, 2019 , the Company leased facilities and equipment under operating and finance leases. The Company leases some of its facilities under noncancelable operating leases that expire in various years through 2026. Certain leases may be renewed for periods varying from 1 to 10 years. The Company has entered into or assumed through acquisition several equipment operating leases for assets including tractors, straight trucks and trailers with original lease terms between 2 and 6 years. These leases expire in various years through 2025 and certain leases may be renewed for periods varying from 1 to 3 years. Primarily through acquisitions, the Company assumed equipment leases that met the criteria for classification as a finance lease. In conjunction with the acquisition of OST during the quarter, discussed further in Note 4, Acquisitions and Long-Lived Assets, the Company assumed finance leases with remaining lease terms between 2 and 7 years. These leases expire in various years through 2025 with no options to renew. All other finance leases are not considered material to the Company's financial statement for the three and nine months ended September 30, 2019 . The finance leased equipment is being amortized over the shorter of the lease term or useful life. The Company also subleases certain facility leases to independent third parties; however, as the Company is not relieved of its primary obligation under these leases, these assets are included in the right-of-use lease assets and corresponding lease liabilities as of September 30, 2019 . For leases and subleases with terms greater than 12 months, the Company recorded the related right-of-use asset as the balance of the related lease liability, adjusted for any prepaid or accrued lease payments. Unamortized initial direct costs and lease incentives were not significant as of September 30, 2019 . The lease liability was recorded at the present value of the lease payments over the term. Many of the Company's leases include rental escalation clauses, renewal options and/or termination options that were contemplated in the determination of lease payments when appropriate. As of September 30, 2019 , the Company was not reasonably certain of exercising any renewal options. Further, as of September 30, 2019 , it was reasonably certain that all termination options would not be exercised. As such, there were no adjustments made to its right-of-use lease assets or corresponding liabilities as a result. In addition, the Company does not have any leases with residual value guarantees or material restrictions or covenants as of September 30, 2019 . The Company did not separate lease and nonlease components of contracts for purposes of determining the right-of use lease asset and corresponding liability. Additionally, variable lease and variable nonlease components were not contemplated in the calculation of the right-of-use asset and corresponding liability. For facility leases, variable lease costs include the costs of common area maintenance, taxes, and insurance for which the Company pays its lessors an estimate that is adjusted to actual expense on a quarterly or annual basis depending on the underlying contract terms. For equipment leases, variable lease costs may include additional fees for using equipment in excess of estimated annual mileage thresholds. In addition, the Company holds contracts with independent owner operators. These contracts explicitly identify the tractors to be operated by the independent owner operators and therefore, the Company concluded that these represent embedded leases. However, the contract compensation is variable based upon a rate per shipment and a rate per mile. As such, these amounts are excluded from the calculation of the right-of-use lease asset and corresponding liability and are instead disclosed as part of variable lease costs below. Costs incurred for independent owner operators in accordance with these embedded leases are included in purchased transportation on the Company's Statements of Comprehensive Income, totaling $95,444 and $259,317 for the three and nine months ended September 30, 2019 . When available, the Company uses the rate implicit in the lease or sublease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, the Company must estimate its incremental borrowing rate to discount the lease payments based on information available at lease commencement. The incremental borrowing rate is defined as the rate of interest that the Company would have to pay to borrow, on a collateralized basis and over a similar term, an amount equal to the lease payments in a similar economic environment. If using the Company’s incremental borrowing rate, management has elected to utilize a portfolio approach and applies the rates to a portfolio of leases with similar underlying assets and terms. Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. The following table summarizes the Company's lease costs for the three and nine months ended September 30, 2019 and related information: Three months ended Nine months ended September 30, 2019 September 30, 2019 Lease cost Finance lease cost: Amortization of right-of-use assets $ 405 $ 571 Interest on lease liabilities 53 61 Operating lease cost 15,650 42,521 Short-term lease cost 3,130 8,635 Variable lease cost 97,864 271,129 Sublease income (535 ) (1,629 ) Total lease cost $ 116,567 $ 321,288 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 53 $ 61 Operating cash flows from operating leases $ 15,146 $ 41,524 Financing cash flows from finance leases $ 391 $ 528 Right-of-use assets obtained in exchange for new finance lease liabilities $ 7,204 $ 7,204 Right-of-use assets obtained in exchange for new operating lease liabilities $ 21,730 $ 195,226 Weighted-average remaining lease term - finance leases (in years) 4.8 4.8 Weighted-average remaining lease term - operating leases (in years) 3.8 3.8 Weighted-average discount rate - finance leases 3.4 % 3.4 % Weighted-average discount rate - operating leases 4.2 % 4.2 % The table below reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the lease liabilities recorded on the balance sheet as of September 30, 2019 : Payment Due Period Operating Leases Finance Leases 2019 $ 15,651 $ 419 2020 58,507 1,676 2021 43,540 1,676 2022 28,803 1,407 2023 19,577 1,265 Thereafter 18,995 1,112 Total minimum lease payments 185,073 7,555 Less: amount of lease payments representing interest (25,383 ) (677 ) Present value of future minimum lease payments 159,690 6,878 Less: current portion of lease obligations (47,137 ) (1,465 ) Long-term lease obligations $ 112,553 $ 5,413 As of September 30, 2019 , the Company has certain obligations to lease tractors, which will be delivered throughout the remainder of 2019. These leases are expected to have terms of approximately 3 to 4 years and are not expected to materially impact the Company's right-of-use lease assets or liabilities as of September 30, 2019

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2019
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Financial Instruments	Financial Instruments Fair Value of Financial Instruments The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments: Accounts receivable and accounts payable: The carrying amounts reported in the balance sheet for accounts receivable and accounts payable approximate their fair value based on their short-term nature. Revolving credit facility: The Company’s revolving credit facility bears variable interest rates plus additional basis points based upon covenants related to total indebtedness to earnings. As the revolving credit facility bears a variable interest rate, the carrying value approximates fair value. The fair value estimates of earn-outs are discussed in Note 4, Acquisitions and Long-Lived Assets. Using interest rate quotes and discounted cash flows, the Company estimated the fair value of its outstanding finance lease obligations as follows: September 30, 2019 Carrying Value Fair Value Finance leases $ 6,991 $ 7,103

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders' Equity During the first, second and third quarter of 2018, the Company's Board of Directors declared a cash dividend of $0.15 per share of common stock. During the fourth quarter of 2018 and the first three quarters of 2019, the Company's Board of Directors declared a cash dividend of $0.18 per share of common stock. The Company expects to continue to pay regular quarterly cash dividends, though each subsequent quarterly dividend is subject to review and approval by the Board of Directors. On July 21, 2016, the Company's Board of Directors approved a stock repurchase authorization for up to 3,000 shares of the Company’s common stock (the "2016 Repurchase Plan"). On February 5, 2019, our Board of Directors cancelled the Company’s 2016 Repurchase Plan and approved a new stock repurchase plan authorizing up to 5,000 shares of the Company’s common stock (the “2019 Repurchase Plan”) that shall remain in effect until such time as the shares authorized for repurchase are exhausted or the plan is cancelled. The Company is not obligated to repurchase any specific number of shares and may suspend or cancel the plan at any time. The following tables summarize our share repurchases for the three and nine months ended September 30, 2019 and 2018. Three months ended September 30, 2019 September 30, 2018 Shares repurchased Cost of shares repurchased Average cost per share Shares repurchased Cost of shares repurchased Average cost per share 2016 Repurchase Plan — $ — $ — 267 $ 16,820 $ 62.89 2019 Repurchase Plan 152 9,289 61.01 — — — Total 152 $ 9,289 $ 61.01 267 $ 16,820 $ 62.89 Nine months ended September 30, 2019 September 30, 2018 Shares repurchased Cost of shares repurchased Average cost per share Shares repurchased Cost of shares repurchased Average cost per share 2016 Repurchase Plan 68 $ 3,850 $ 56.97 765 $ 44,985 $ 58.83 2019 Repurchase Plan 721 44,056 61.07 — — — Total 789 $ 47,906 $ 60.72 765 $ 44,985 $ 58.83 As of September 30, 2019, 4,279 shares were available to be purchased under the 2019 Plan.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, the Company is party to ordinary, routine litigation incidental to and arising in the normal course of business. The Company does not believe that any of these pending actions, individually or in the aggregate, will have a material adverse effect on its business, financial condition or results of operations. The primary claims in the Company’s business relate to workers’ compensation, property damage, vehicle liability and medical benefits. Most of the Company’s insurance coverage provides for self-insurance levels with primary and excess coverage which management believes is sufficient to adequately protect the Company from catastrophic claims. In the opinion of management, adequate provision has been made for all incurred claims up to the self-insured limits, including provision for estimated claims incurred but not reported. The Company estimates its self-insurance loss exposure by evaluating the merits and circumstances surrounding individual known claims and by performing hindsight and actuarial analysis to determine an estimate of probable losses on claims incurred but not reported. Such losses should be realized immediately as the events underlying the claims have already occurred as of the balance sheet dates. The Company is responsible for the first $7,500 per incident until it meets the $6,000 aggregate deductible for incidents resulting in claims between $3,000 and $5,000 and the $2,500 aggregate deductible for incidents resulting in claims between $5,000 and $10,000 . During the three months and nine months ended September 30, 2019, the Company recorded a $2,500 and $7,500 reserve, respectively, for pending vehicular claims related to one incident. Although these claims are still developing, the Company has recorded reserves for the claims up to its self-insured retention limit of $7,500 and therefore, no further impact to the Company’s operating results is expected. Because of the uncertainty of the ultimate resolution of outstanding claims, as well as uncertainty regarding claims incurred but not reported, it is possible that management’s provision for these losses could change materially in the near term. However, no estimate can currently be made of the range of additional loss that is at least reasonably possible.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company operates in four reportable segments based on information available to and used by the chief operating decision maker. Expedited LTL operates a comprehensive national network that provides expedited regional, inter-regional and national LTL and final mile services. The Intermodal segment primarily provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. The TLS segment provides expedited truckload brokerage, dedicated fleet services and high security and temperature-controlled logistics services. Pool Distribution provides high-frequency handling and distribution of time sensitive product to numerous destinations. Except for certain insurance activity, the accounting policies of the segments are the same as those described in the summary of significant accounting policies disclosed in Note 1 of the Forward Air Corporation Annual Report on Form 10-K for the year ended December 31, 2018 . For workers compensation and vehicle claims, each segment is charged an insurance premium and is also charged a deductible that corresponds with each segment's individual self-retention limit. However, any losses beyond these deductibles and any loss development factors applied to our outstanding claims as a result of actuarial analysis are not passed to the segments, but reported at the corporate level ("Eliminations & other"). Segment data includes intersegment revenues and shared costs. Costs of the corporate headquarters, shared services and shared assets, such as trailers, are allocated to the segments based on usage. The cost basis of shared assets are not allocated. The basis for the majority of shared assets, such as trailers, are included in Expedited LTL. The Company evaluates the performance of its segments based on income from operations. The Company’s business is conducted in the U.S. and Canada. The following tables summarize segment information about results from operations and assets used by the chief operating decision maker of the Company in making decisions regarding allocation of assets and resources as of and for the three and nine months ended September 30, 2019 and 2018. Three months ended September 30, 2019 Expedited LTL Intermodal Truckload Premium Pool Distribution Eliminations & other Consolidated External revenues $ 207,423 $ 58,317 $ 44,999 $ 50,924 $ — $ 361,663 Intersegment revenues 2,638 29 459 38 (3,164 ) — Depreciation 4,006 1,050 1,182 1,296 — 7,534 Amortization 1,174 1,542 21 257 — 2,994 Share-based compensation expense 1,899 340 (4 ) 135 392 2,762 Interest expense — 67 2 — 692 761 Income (loss) from operations 25,896 6,900 606 1,867 (4,580 ) 30,689 Total assets 626,946 205,444 75,622 114,824 (42,203 ) 980,633 Capital expenditures 8,658 207 160 1,479 — 10,504 Three months ended September 30, 2018 Expedited LTL Intermodal Truckload Premium Pool Distribution Eliminations & other Consolidated External revenues $ 186,544 $ 50,496 $ 47,158 $ 47,177 $ — $ 331,375 Intersegment revenues 1,963 49 784 103 (2,899 ) — Depreciation 4,773 342 1,522 1,442 — 8,079 Amortization 825 1,113 21 257 — 2,216 Share-based compensation expense 1,961 262 178 114 332 2,847 Interest expense — 10 2 — 460 472 Income (loss) from operations 23,724 7,321 1,673 735 (3,574 ) 29,879 Total assets 480,389 159,428 70,841 60,672 (28,189 ) 743,141 Capital expenditures 15,253 276 30 1,179 — 16,738 Nine months ended September 30, 2019 Expedited LTL Intermodal Truckload Premium Pool Distribution Eliminations & other Consolidated External revenues $ 588,766 $ 162,936 $ 135,467 $ 141,722 $ — $ 1,028,891 Intersegment revenues 5,570 64 1,772 230 (7,636 ) — Depreciation 13,823 1,983 4,225 3,834 (1 ) 23,864 Amortization 3,058 4,278 64 772 — 8,172 Share-based compensation expense 6,193 1,313 261 470 769 9,006 Interest expense — 69 6 — 1,841 1,916 Income (loss) from operations 72,332 18,326 2,137 4,685 (11,507 ) 85,973 Total assets 626,946 205,444 75,622 114,824 (42,203 ) 980,633 Capital expenditures 22,330 422 488 3,862 — 27,102 Nine months ended September 30, 2018 Expedited LTL Intermodal Truckload Premium Pool Distribution Eliminations & other Consolidated External revenues $ 546,066 $ 148,058 $ 137,221 $ 132,980 $ — $ 964,325 Intersegment revenues 5,276 217 5,761 276 (11,530 ) — Depreciation 14,127 1,295 4,765 4,436 — 24,623 Amortization 2,555 3,298 98 772 — 6,723 Share-based compensation expense 5,595 776 524 342 288 7,525 Interest expense 1 47 5 — 1,274 1,327 Income (loss) from operations 71,023 16,333 3,348 3,695 (7,415 ) 86,984 Total assets 480,389 159,428 70,841 60,672 (28,189 ) 743,141 Capital expenditures 31,960 482 70 1,832 — 34,344

Acquisitions and Long-Lived A_2

Acquisitions and Long-Lived Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill [Line Items]
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	The initial weighted average assumptions used in the Monte Carlo simulation are summarized in the following table: FSA Earn-out Risk-free rate 2.4% Revenue discount rate 8.5% Revenue volatility 9.0%
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table presents the allocations of the FSA and OST purchase price to the assets acquired and liabilities assumed based on their estimated fair values and resulting residual goodwill (in thousands): FSA OST April 21, 2019 July 14, 2019 Tangible assets: Cash $ 202 $ — Other receivables 1,491 — Property and equipment 40 10,604 Operating lease right-of-use assets 3,209 1,672 Total tangible assets 4,942 12,276 Intangible assets: Non-compete agreements 900 850 Customer relationships 17,100 5,700 Goodwill 19,281 2,050 Total intangible assets 37,281 8,600 Total assets acquired 42,223 20,876 Liabilities assumed: Current liabilities 7,664 — Other liabilities 4,350 — Debt and finance lease obligations — 7,204 Operating lease obligations 3,209 1,672 Total liabilities assumed 15,223 8,876 Net assets acquired $ 27,000 $ 12,000
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	The acquired definite-lived intangible assets have the following useful lives: Useful Lives FSA OST Non-compete agreements 5 years 3 years Customer relationships 15 years 10 years
Schedule of Goodwill [Table Text Block]	The following is a summary of the Company's goodwill as of September 30, 2019 . Approximately $141,279 of goodwill is deductible for tax purposes. Beginning balance, December 31, 2018 FSA Acquisition OST Acquisition Ending balance, September 30, 2019 Expedited LTL Goodwill $ 97,593 $ 19,281 $ — $ 116,874 Accumulated Impairment — — — — Intermodal Goodwill 76,615 — 2,050 78,665 Accumulated Impairment — — — — TLS Goodwill 45,164 — — 45,164 Accumulated Impairment (25,686 ) — — (25,686 ) Pool Distribution Goodwill 12,359 — — 12,359 Accumulated Impairment (6,953 ) — — (6,953 ) Total $ 199,092 $ 19,281 $ 2,050 $ 220,423

Share-Based Payments (Tables)

Share-Based Payments (Tables)	9 Months Ended
	Sep. 30, 2019
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, Activity [Table Text Block]	The following tables summarize the Company’s employee stock option activity and related information: Nine months ended September 30, 2019 Weighted- Weighted- Average Average Aggregate Remaining Exercise Intrinsic Contractual Options Price Value Term Outstanding at December 31, 2018 538 $ 51 Exercised (45 ) 47 Forfeited (8 ) 54 Outstanding at September 30, 2019 485 $ 52 $ 4,638 4.0 Exercisable at September 30, 2019 319 $ 48 $ 4,163 3.3 Nine months ended September 30, September 30, Share-based compensation for options $ 1,209 $ 1,085 Tax benefit for option compensation $ 312 $ 271 Unrecognized compensation cost for options, net of estimated forfeitures $ 1,878 $ 3,621 Weighted average period over which unrecognized compensation will be recognized (years) 1.6
Employee Non-vested Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	The following tables summarize the Company’s employee non-vested share activity and related information: Nine months ended September 30, 2019 Weighted- Average Aggregate Non-vested Grant Date Grant Date Shares Fair Value Fair Value Outstanding and non-vested at December 31, 2018 315 $ 55 Granted 114 59 Vested (131 ) 61 Forfeited (15 ) 56 Outstanding and non-vested at September 30, 2019 283 $ 58 $ 16,441 Nine months ended September 30, September 30, Share-based compensation for non-vested shares $ 6,210 $ 4,902 Tax benefit for non-vested share compensation $ 1,581 $ 1,225 Unrecognized compensation cost for non-vested shares, net of estimated forfeitures $ 10,705 $ 13,146 Weighted average period over which unrecognized compensation will be recognized (years) 1.8
Key Employee Performance Share Based Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]	The fair value of the performance shares granted based on the three year performance of the Company’s total shareholder return was estimated using a Monte Carlo simulation. The weighted average assumptions used in the Monte Carlo estimate were as follows: Nine months ended September 30, September 30, Expected stock price volatility 23.4 % 24.3 % Weighted average risk-free interest rate 2.5 % 2.2 % The following tables summarize the Company’s employee performance share activity, assuming median share awards, and related information: Nine months ended September 30, 2019 Weighted- Average Aggregate Performance Grant Date Grant Date Shares Fair Value Fair Value Outstanding and non-vested at December 31, 2018 65 $ 58 Granted 30 61 Vested (23 ) 64 Forfeited (10 ) 63 Outstanding and non-vested at September 30, 2019 62 $ 62 $ 3,870 Nine months ended September 30, September 30, Share-based compensation for performance shares $ 821 $ 953 Tax benefit for performance share compensation $ 212 $ 238 Unrecognized compensation cost for performance shares, net of estimated forfeitures $ 1,884 $ 1,725 Weighted average period over which unrecognized compensation will be recognized (years) 1.9
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]	The following table summarizes the Company’s employee stock purchase activity and related information: Nine months ended September 30, September 30, Shares purchased by participants under plan 5 5 Average purchase price $ 49 $ 52 Weighted-average fair value of each purchase right under the ESPP granted ¹ $ 10 $ 7 Share-based compensation for ESPP shares $ 52 $ 32 ¹ Equal to the discount from the market value of the common stock at the end of each six month purchase period
Nonemployee Director Nonvested Shares Granted Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	The following tables summarize the Company’s non-employee non-vested share activity and related information: Nine months ended September 30, 2019 Weighted- Average Aggregate Non-vested Grant Date Grant Date Shares Fair Value Fair Value Outstanding and non-vested at December 31, 2018 15 $ 59 Granted 15 62 Vested (15 ) 59 Outstanding and non-vested at September 30, 2019 15 $ 62 $ 920 Nine months ended September 30, September 30, Share-based compensation for non-vested shares $ 714 $ 553 Tax benefit for non-vested share compensation $ 184 $ 138 Unrecognized compensation cost for non-vested shares, net of estimated forfeitures $ 554 $ 501 Weighted average period over which unrecognized compensation will be recognized (years) 0.6

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Income Per Share	The following table sets forth the computation of basic and diluted net income per share: Three months ended Nine months ended September 30, September 30, September 30, September 30, Numerator: Net income and comprehensive income $ 22,195 $ 22,329 $ 62,932 $ 64,366 Income allocated to participating securities (236 ) (239 ) (696 ) (596 ) Numerator for basic and diluted income per share - net income $ 21,959 $ 22,090 $ 62,236 $ 63,770 Denominator: Denominator for basic income per share - weighted-average shares 27,981 28,964 28,286 29,189 Effect of dilutive stock options 74 95 76 81 Effect of dilutive performance shares 27 36 31 33 Denominator for diluted income per share - adjusted weighted-average shares 28,082 29,095 28,393 29,303 Basic net income per share $ 0.78 $ 0.76 $ 2.20 $ 2.18 Diluted net income per share $ 0.78 $ 0.76 $ 2.19 $ 2.18 The number of instruments that could potentially dilute net income per basic share in the future, but that were not included in the computation of net income per diluted share because to do so would have been anti-dilutive for the periods presented, are as follows: September 30, 2019 September 30, 2018 Anti-dilutive stock options 188 100 Anti-dilutive performance shares — 15 Anti-dilutive non-vested shares and deferred stock units — 3 Total anti-dilutive shares 188 118

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lease, Cost [Table Text Block]	The following table summarizes the Company's lease costs for the three and nine months ended September 30, 2019 and related information: Three months ended Nine months ended September 30, 2019 September 30, 2019 Lease cost Finance lease cost: Amortization of right-of-use assets $ 405 $ 571 Interest on lease liabilities 53 61 Operating lease cost 15,650 42,521 Short-term lease cost 3,130 8,635 Variable lease cost 97,864 271,129 Sublease income (535 ) (1,629 ) Total lease cost $ 116,567 $ 321,288 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 53 $ 61 Operating cash flows from operating leases $ 15,146 $ 41,524 Financing cash flows from finance leases $ 391 $ 528 Right-of-use assets obtained in exchange for new finance lease liabilities $ 7,204 $ 7,204 Right-of-use assets obtained in exchange for new operating lease liabilities $ 21,730 $ 195,226 Weighted-average remaining lease term - finance leases (in years) 4.8 4.8 Weighted-average remaining lease term - operating leases (in years) 3.8 3.8 Weighted-average discount rate - finance leases 3.4 % 3.4 % Weighted-average discount rate - operating leases 4.2 % 4.2 %
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	The table below reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the lease liabilities recorded on the balance sheet as of September 30, 2019 : Payment Due Period Operating Leases Finance Leases 2019 $ 15,651 $ 419 2020 58,507 1,676 2021 43,540 1,676 2022 28,803 1,407 2023 19,577 1,265 Thereafter 18,995 1,112 Total minimum lease payments 185,073 7,555 Less: amount of lease payments representing interest (25,383 ) (677 ) Present value of future minimum lease payments 159,690 6,878 Less: current portion of lease obligations (47,137 ) (1,465 ) Long-term lease obligations $ 112,553 $ 5,413

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Financial Instruments [Abstract]
Financial Instruments	Using interest rate quotes and discounted cash flows, the Company estimated the fair value of its outstanding finance lease obligations as follows: September 30, 2019 Carrying Value Fair Value Finance leases $ 6,991 $ 7,103

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Schedule of Stockholders Equity [Table Text Block]	The following tables summarize our share repurchases for the three and nine months ended September 30, 2019 and 2018. Three months ended September 30, 2019 September 30, 2018 Shares repurchased Cost of shares repurchased Average cost per share Shares repurchased Cost of shares repurchased Average cost per share 2016 Repurchase Plan — $ — $ — 267 $ 16,820 $ 62.89 2019 Repurchase Plan 152 9,289 61.01 — — — Total 152 $ 9,289 $ 61.01 267 $ 16,820 $ 62.89 Nine months ended September 30, 2019 September 30, 2018 Shares repurchased Cost of shares repurchased Average cost per share Shares repurchased Cost of shares repurchased Average cost per share 2016 Repurchase Plan 68 $ 3,850 $ 56.97 765 $ 44,985 $ 58.83 2019 Repurchase Plan 721 44,056 61.07 — — — Total 789 $ 47,906 $ 60.72 765 $ 44,985 $ 58.83

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Summary of segment information	The following tables summarize segment information about results from operations and assets used by the chief operating decision maker of the Company in making decisions regarding allocation of assets and resources as of and for the three and nine months ended September 30, 2019 and 2018. Three months ended September 30, 2019 Expedited LTL Intermodal Truckload Premium Pool Distribution Eliminations & other Consolidated External revenues $ 207,423 $ 58,317 $ 44,999 $ 50,924 $ — $ 361,663 Intersegment revenues 2,638 29 459 38 (3,164 ) — Depreciation 4,006 1,050 1,182 1,296 — 7,534 Amortization 1,174 1,542 21 257 — 2,994 Share-based compensation expense 1,899 340 (4 ) 135 392 2,762 Interest expense — 67 2 — 692 761 Income (loss) from operations 25,896 6,900 606 1,867 (4,580 ) 30,689 Total assets 626,946 205,444 75,622 114,824 (42,203 ) 980,633 Capital expenditures 8,658 207 160 1,479 — 10,504 Three months ended September 30, 2018 Expedited LTL Intermodal Truckload Premium Pool Distribution Eliminations & other Consolidated External revenues $ 186,544 $ 50,496 $ 47,158 $ 47,177 $ — $ 331,375 Intersegment revenues 1,963 49 784 103 (2,899 ) — Depreciation 4,773 342 1,522 1,442 — 8,079 Amortization 825 1,113 21 257 — 2,216 Share-based compensation expense 1,961 262 178 114 332 2,847 Interest expense — 10 2 — 460 472 Income (loss) from operations 23,724 7,321 1,673 735 (3,574 ) 29,879 Total assets 480,389 159,428 70,841 60,672 (28,189 ) 743,141 Capital expenditures 15,253 276 30 1,179 — 16,738 Nine months ended September 30, 2019 Expedited LTL Intermodal Truckload Premium Pool Distribution Eliminations & other Consolidated External revenues $ 588,766 $ 162,936 $ 135,467 $ 141,722 $ — $ 1,028,891 Intersegment revenues 5,570 64 1,772 230 (7,636 ) — Depreciation 13,823 1,983 4,225 3,834 (1 ) 23,864 Amortization 3,058 4,278 64 772 — 8,172 Share-based compensation expense 6,193 1,313 261 470 769 9,006 Interest expense — 69 6 — 1,841 1,916 Income (loss) from operations 72,332 18,326 2,137 4,685 (11,507 ) 85,973 Total assets 626,946 205,444 75,622 114,824 (42,203 ) 980,633 Capital expenditures 22,330 422 488 3,862 — 27,102 Nine months ended September 30, 2018 Expedited LTL Intermodal Truckload Premium Pool Distribution Eliminations & other Consolidated External revenues $ 546,066 $ 148,058 $ 137,221 $ 132,980 $ — $ 964,325 Intersegment revenues 5,276 217 5,761 276 (11,530 ) — Depreciation 14,127 1,295 4,765 4,436 — 24,623 Amortization 2,555 3,298 98 772 — 6,723 Share-based compensation expense 5,595 776 524 342 288 7,525 Interest expense 1 47 5 — 1,274 1,327 Income (loss) from operations 71,023 16,333 3,348 3,695 (7,415 ) 86,984 Total assets 480,389 159,428 70,841 60,672 (28,189 ) 743,141 Capital expenditures 31,960 482 70 1,832 — 34,344

Description of Business and B_2

Description of Business and Basis of Presentation (Details)	9 Months Ended
	Sep. 30, 2019
Number of principal reporting segments	4

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset	$ 158,977	$ 0
Operating Lease, Liability	$ 159,690

Revenue (Details)

Revenue (Details)	9 Months Ended
	Sep. 30, 2019
Revenue [Abstract]
Number of principal reporting segments	4

Acquisitions and Long-Lived A_3

Acquisitions and Long-Lived Assets (Details) - USD ($) $ in Thousands	Jul. 14, 2019	Apr. 21, 2019	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Oct. 28, 2018
Segment Reporting Information [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability					$ 890	$ (455)
Business Acquisition, Goodwill, Expected Tax Deductible Amount			$ 141,279		141,279
Operating Lease, Right-of-Use Asset			158,977		158,977		$ 0
Carrying value of goodwill			220,423		220,423		199,092
Finance Lease, Liability			7,555		7,555
Operating Lease, Liability			159,690		159,690
Reduction of depreciation due to useful life study			1,000		$ 1,000
Reserve for loss on operating asset			$ 900
Tractors [Member]
Segment Reporting Information [Line Items]
Property, Plant and Equipment, Useful Life			10 years	5 years
Property, Plant, and Equipment, Salvage Value			10.00%	25.00%	10.00%
Trailers [Member]
Segment Reporting Information [Line Items]
Property, Plant and Equipment, Useful Life			10 years	7 years
FSA [Member]
Segment Reporting Information [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			$ 890
Period of years which earnout is calculated		2 years
Business Acquisition, Cash Paid		$ 27,000
Business Combination, Contingent Consideration, Liability		15,000
Business Combination, Contingent Consideration, Liability, Current		10,321	11,211		$ 11,211
Expected future contingent consideration liability			12,600		12,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		202
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables		1,491
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		40
Operating Lease, Right-of-Use Asset		3,209
Business Combination, Recognized Identifiable Assets Acquired and Total Liabilities Assumed, Total Tangible Assets		4,942
Carrying value of goodwill		19,281
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		37,281
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		42,223
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities		7,664
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities		4,350
Operating Lease, Liability		3,209
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		15,223
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		$ 27,000
OST [Member]
Segment Reporting Information [Line Items]
Business Acquisition, Cash Paid	$ 12,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	10,604
Operating Lease, Right-of-Use Asset	1,672
Business Combination, Recognized Identifiable Assets Acquired and Total Liabilities Assumed, Total Tangible Assets	12,276
Carrying value of goodwill	2,050
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	8,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	20,876
Finance Lease, Liability	7,204
Operating Lease, Liability	1,672
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	8,876
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 12,000
Southwest Freight Distributors [Member]
Segment Reporting Information [Line Items]
Business Acquisition, Cash Paid								$ 16,250
Expedited LTL [Member]
Segment Reporting Information [Line Items]
Carrying value of goodwill			116,874		116,874		97,593
Intermodal [Member]
Segment Reporting Information [Line Items]
Carrying value of goodwill			78,665		78,665		76,615
Truckload Expedited [Member]
Segment Reporting Information [Line Items]
Carrying value of goodwill			45,164		45,164		45,164
Goodwill, Impaired, Accumulated Impairment Loss			(25,686)		(25,686)		(25,686)
Pool Distribution [Member]
Segment Reporting Information [Line Items]
Carrying value of goodwill			12,359		12,359		12,359
Goodwill, Impaired, Accumulated Impairment Loss			$ (6,953)		$ (6,953)		$ (6,953)
Noncompete Agreements [Member] | FSA [Member]
Segment Reporting Information [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		5 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 900
Noncompete Agreements [Member] | OST [Member]
Segment Reporting Information [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 850
Customer Relationships [Member] | FSA [Member]
Segment Reporting Information [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		15 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 17,100
Customer Relationships [Member] | OST [Member]
Segment Reporting Information [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 5,700
Risk Free Interest Rate [Member] | FSA [Member]
Segment Reporting Information [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input Percentage		2.40%
Revenue Discount Rate [Member] | FSA [Member]
Segment Reporting Information [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input Percentage		8.50%
Revenue Volatility [Member] | FSA [Member]
Segment Reporting Information [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input Percentage		9.00%

Share-Based Payments - Stock Op

Share-Based Payments - Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 9,006	$ 7,525
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants expire (in years)	7 years
Grants, vesting period (in years)	3 years
Outstanding, beginning of period (in shares) | shares	538
Exercised (in shares) | shares	(45)
Forfeited (in shares) | shares	(8)
Outstanding, end of period (in shares) | shares	485
Exercisable, end of period (in shares) | shares	319
Outstanding, beginning of period (in dollars per share) | $ / shares	$ 51
Exercises in Period (in dollars per share) | $ / shares	47
Forfeited in period (in dollars per share) | $ / shares	54
Outstanding, end of period (in dollars per share) | $ / shares	52
Exercisable, end of period (in dollars per share) | $ / shares	$ 48
Aggregate Intrinsic Value Outstanding, end of period	$ 4,638
Aggregate Intrinsic Value Exercisable, end of period	$ 4,163
Weighted-average remaining contractual term Outstanding, end of period (in years)	4 years
Weighted-average remaining contractual term Exercisable, end of period (in years)	3 years 3 months 18 days
Share-based compensation expense	$ 1,209	1,085
Tax benefit related to share-based expense	312	271
Unrecognized share-based compensation, net of estimated forfeitures	$ 1,878	$ 3,621
Weighted average period over which unrecognized compensation will be recognized (years)	1 year 7 months 6 days

Share-Based Payments - Employee

Share-Based Payments - Employee Activity Non-vested Shares (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $	$ 9,006	$ 7,525
Employee Non-vested Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants, vesting period (in years)	3 years
Outstanding and non-vested, beginning of period (in shares) | shares	315
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares	114
Shares Vested in Period | shares	(131)
Shares Forfeited in Period | shares	(15)
Outstanding and non-vested, end of period (in shares) | shares	283
Outstanding and non-vested, weighted-average grant date fair value, beginning of period | $ / shares	$ 55
Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	59
Vested in Period, Weighed-average grant date fair value | $ / shares	61
Forfeited in period (in dollars per share) | $ / shares	56
Outstanding and non-vested, weighted-average grant date fair value, end of period | $ / shares	$ 58
Outstanding and non-vested, aggregate grant date fair value | $	$ 16,441
Share-based compensation expense | $	6,210	4,902
Tax benefit related to share-based expense | $	1,581	1,225
Unrecognized share-based compensation, net of estimated forfeitures | $	$ 10,705	$ 13,146
Weighted average period over which unrecognized compensation will be recognized (years)	1 year 9 months 18 days

Share-Based Payments - Employ_2

Share-Based Payments - Employee Activity Performance Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 9,006	$ 7,525
Key Employee Performance Share Based Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of years over which performance is calculated	3 years
Percentage of grant based on meeting EBITDA per share targets	50.00%
Percentage of grant based on three year performance of Company's TSR as compared to TSR of peer group	50.00%
Minimum percentage of shares attainable based on EBITDA per share targets	0.00%
Maximum percentage of shares attainable based on EBITDA per share targets	200.00%
Minimum percentage of shares attainable based on total shareholder return targets	0.00%
Minimum percentage of peer group by which Company share price must outperform before incremental performance shares are issued	25.00%
Maximum percentage of shares attainable based on total shareholder return targets	200.00%
Percentage of Peer Group By Which Company Share Price Must Outperform Before Maximum Incremental Shares Are Issued	90.00%
Expected Stock Price Volatility Rate	23.40%	24.30%
Weighted Average Risk Free Interest Rate	2.50%	2.20%
Outstanding and non-vested, beginning of period (in shares)	65
Grants in Period	30
Shares Vested in Period	(23)
Shares Forfeited in Period	(10)
Outstanding and non-vested, end of period (in shares)	62
Outstanding and non-vested, weighted-average grant date fair value, beginning of period	$ 58
Grants in Period, Weighted Average Grant Date Fair Value	61
Vested in Period, Weighed-average grant date fair value	64
Forfeited in Period, Weighted Average Grant Date Fair Value	63
Outstanding and non-vested, weighted-average grant date fair value, end of period	$ 62
Outstanding and non-vested, aggregate grant date fair value	$ 3,870
Share-based compensation expense	821	$ 953
Tax benefit related to share-based expense	212	238
Unrecognized share-based compensation, net of estimated forfeitures	$ 1,884	$ 1,725
Weighted average period over which unrecognized compensation will be recognized (years)	1 year 10 months 24 days

Share-Based Payments - Employ_3

Share-Based Payments - Employee Stock Purchase Plan (Details) shares in Thousands, $ / shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)$ / sharesshares
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | shares	357
Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Purchase Date	90.00%
Number of Large Lump Sum Contributions Related to ESPP Stock Purchases	2
Share-based compensation expense | $	$ 9,006	$ 7,525
Employee Stock Purchase Plan [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in shares) | shares	5	5
Share-based Compensation Arrangement by Share-based Payment Award, Per Share Weighted Average Price of Shares Purchased (in dollars per share) | $ / shares	$ 49	$ 52
Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 10	$ 7
Share-based compensation expense | $	$ 52	$ 32

Share-Based Payments - Non-empl

Share-Based Payments - Non-employee Director Non-vested Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 9,006	$ 7,525
Nonemployee Director Nonvested Shares Granted Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-Employee Director Shares, Vesting Period (in years)	1 year
Outstanding and non-vested, beginning of period (in shares)	15
Grants in Period	15
Shares Vested in Period	(15)
Outstanding and non-vested, end of period (in shares)	15
Outstanding and non-vested, weighted-average grant date fair value, beginning of period	$ 59
Grants in Period, Weighted Average Grant Date Fair Value	62
Vested in Period, Weighed-average grant date fair value	59
Outstanding and non-vested, weighted-average grant date fair value, end of period	$ 62
Outstanding and non-vested, aggregate grant date fair value	$ 920
Share-based compensation expense	714	553
Tax benefit related to share-based expense	184	138
Unrecognized share-based compensation, net of estimated forfeitures	$ 554	$ 501
Weighted average period over which unrecognized compensation will be recognized (years)	7 months 6 days

Senior Credit Facility (Details

Senior Credit Facility (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 29, 2017USD ($)
Debt Instrument [Line Items]
Document Period End Date	Sep. 30, 2019
Proceeds from senior credit facility	$ 20,000	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility Term, In Years			5
Line of Credit Facility, Current Borrowing Capacity			$ 150,000
Additional borrowing capacity of credit facility			100,000
Credit facility amount			$ 250,000
Base reference rate of credit facilities	LIBOR
Interest rate spread above LIBOR as of reporting period (in hundredths)	1.00%
Debt Instrument, Basis Spread on Variable Rate, Minimum			0.30%
Debt Instrument, Basis Spread on Variable Rate, Maximum			0.80%
Proceeds from senior credit facility	$ 67,500
Available borrowing capacity	$ 68,480
Line of Credit Facility, Interest Rate at Period End	3.40%
Letter of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases			$ 30,000
Letters of Credit Outstanding, Amount	$ 14,020
Swing line loan [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases			$ 30,000
Federal funds [Member]
Debt Instrument [Line Items]
Interest rate spread above LIBOR as of reporting period (in hundredths)	0.50%

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share, Basic, Two Class Method [Abstract]
Net income and comprehensive income	$ 22,195	$ 22,329	$ 62,932	$ 64,366
Income allocated to participating securities	(236)	(239)	(696)	(596)
Numerator for basic and diluted income per share - net income	$ 21,959	$ 22,090	$ 62,236	$ 63,770
Denominator for basic income per share - weighted-average shares	27,981	28,964	28,286	29,189
Denominator for diluted income per share - adjusted weighted-average shares	28,082	29,095	28,393	29,303
Basic income per share (dollars per share)	$ 0.78	$ 0.76	$ 2.20	$ 2.18
Diluted income per share (dollars per share)	$ 0.78	$ 0.76	$ 2.19	$ 2.18
Total number anti-dilutive options, non-vested shares, and performance shares excluded from income per diluted share computation			188	118
Equity Option [Member]
Earnings Per Share, Basic, Two Class Method [Abstract]
Effect of dilutive stock options and non-vested shares	74	95	76	81
Total number anti-dilutive options, non-vested shares, and performance shares excluded from income per diluted share computation			188	100
Key Employee Performance Share Based Plan [Member]
Earnings Per Share, Basic, Two Class Method [Abstract]
Effect of dilutive stock options and non-vested shares	27	36	31	33
Total number anti-dilutive options, non-vested shares, and performance shares excluded from income per diluted share computation				15
Nonvested Shares and Deferred Stock Units [Member]
Earnings Per Share, Basic, Two Class Method [Abstract]
Total number anti-dilutive options, non-vested shares, and performance shares excluded from income per diluted share computation				3

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Document Period End Date			Sep. 30, 2019
Effective statutory federal income tax rate	21.00%	21.00%	21.00%	21.00%
Effective Income Tax Rate, Continuing Operations			25.10%	24.90%
Tennessee state job tax credit				$ 300

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease, minimum years in renewal option		1 year
Operating lease, maximum years in renewal option		10 years
Operating leases, minimum term of equipment leases		2 years
Operating leases, maximum term of equipment leases		6 years
Finance lease, minimum remaining years in lease term		2 years
Finance lease, maximum remaining years in lease term		7 years
Costs incurred for independent owner operators	$ 95,444	$ 259,317
Operating leases, minimum term of future equiment leases		3 years
Operating leases, maximum term of future equiment leases		4 years
Lease, Cost
Finance Lease, Right-of-Use Asset, Amortization	405	$ 571
Operating Lease, Cost	15,650	42,521
Short-term Lease, Cost	3,130	8,635
Variable Lease, Cost	97,864	271,129
Sublease Income	(535)	(1,629)
Lease, Cost	116,567	321,288
Finance Lease, Principal Payments	391	528
Operating Lease, Payments	15,146	41,524
Finance Lease, Interest Payment on Liability	53	61
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	7,204	7,204
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 21,730	$ 195,226
Finance Lease, Weighted Average Remaining Lease Term	4 years 9 months 18 days	4 years 9 months 18 days
Operating Lease, Weighted Average Remaining Lease Term	3 years 9 months 18 days	3 years 9 months 18 days
Finance Lease, Weighted Average Discount Rate, Percent	3.40%	3.40%
Operating Lease, Weighted Average Discount Rate, Percent	4.20%	4.20%
Operating Lease Liabilities, Payments Due
2019	$ 15,651	$ 15,651
2020	58,507	58,507
2021	43,540	43,540
2022	28,803	28,803
2023	19,577	19,577
Thereafter	18,995	18,995
Total minimum lease payments	185,073	185,073
Less: amount of lease payments representing interest		(25,383)
Present value of future minimum lease payments	159,690	159,690
Less: current obligations under leases	(47,137)	(47,137)	$ 0
Long-term lease obligations	112,553	112,553	$ 0
Finance Lease Liabilities, Payments, Due [Abstract]
2019	419	419
2020	1,676	1,676
2021	1,676	1,676
2022	1,407	1,407
2023	1,265	1,265
Thereafter	1,112	1,112
Total minimum lease payments	7,555	7,555
Less: amount of lease payments representing interest		(677)
Present value of future minimum lease payments	6,878	6,878
Less: current obligations under leases	(1,465)	(1,465)
Long-term lease obligations	$ 5,413	$ 5,413

Financial Instruments - Fair Va

Financial Instruments - Fair Value (Details) $ in Thousands	Sep. 30, 2019USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases	$ 7,103
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases	$ 6,991

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended							9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Feb. 05, 2019	Jul. 21, 2016
Shareholders' Equity [Line Items]
Dividends per share (in dollars per share)	$ 0.18	$ 0.18	$ 0.18		$ 0.15	$ 0.15	$ 0.15	$ 0.54	$ 0.45
Stock Repurchased and Retired During Period, Shares	152				267			789	765
Stock Repurchased and Retired During Period, In Total Dollars	$ 9,289				$ 16,820			$ 47,906	$ 44,985
Repurchase of Common Stock, Average Cost Per Share	$ 61.01				$ 62.89			$ 60.72	$ 58.83
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	4,279							4,279
Common Stock [Member]
Shareholders' Equity [Line Items]
Dividends per share (in dollars per share)	$ 0.18	$ 0.18	$ 0.18	$ 0.18	$ 0.15	$ 0.15	$ 0.15
2016 Stock Repurchase Plan [Member]
Shareholders' Equity [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased											3,000
Stock Repurchased and Retired During Period, Shares					267			68	765
Stock Repurchased and Retired During Period, In Total Dollars					$ 16,820			$ 3,850	$ 44,985
Repurchase of Common Stock, Average Cost Per Share					$ 62.89			$ 56.97	$ 58.83
2019 Stock Repurchase Plan [Member]
Shareholders' Equity [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased										5,000
Stock Repurchased and Retired During Period, Shares	152							721
Stock Repurchased and Retired During Period, In Total Dollars	$ 9,289							$ 44,056
Repurchase of Common Stock, Average Cost Per Share	$ 61.01							$ 61.07

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Loss Contingencies [Line Items]
Self-insurance retention liability	$ 7,500
Self Insurance Reserve	2,500	$ 7,500
Aggregate deductible for claims between $3,000 and $5,000 [Member]
Loss Contingencies [Line Items]
Self-insurance retention liability additional deductible	6,000
Aggregate deductible for claims between $3,000 and $5,000 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Self-insurance retention liability additonal deductible applicable range	3,000
Aggregate deductible for claims between $3,000 and $5,000 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Self-insurance retention liability additonal deductible applicable range	5,000
Aggregate deductible for claims between $5,000 and $10,000 [Member]
Loss Contingencies [Line Items]
Self-insurance retention liability additional deductible	2,500
Aggregate deductible for claims between $5,000 and $10,000 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Self-insurance retention liability additonal deductible applicable range	5,000
Aggregate deductible for claims between $5,000 and $10,000 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Self-insurance retention liability additonal deductible applicable range	$ 10,000

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
External revenues	$ 361,663	$ 331,375	$ 1,028,891	$ 964,325
Depreciation	7,534	8,079	23,864	24,623
Amortization	2,994	2,216	8,172	6,723
Share-based compensation expense	2,762	2,847	9,006	7,525
Interest expense	761	472	1,916	1,327
Operating Income (Loss)	30,689	29,879	85,973	86,984
Total assets	980,633	743,141	980,633	743,141	$ 760,215
Capital expenditures	10,504	16,738	$ 27,102	34,344
Number of reportable segments			4
Expedited LTL [Member]
Segment Reporting Information [Line Items]
External revenues	207,423	186,544	$ 588,766	546,066
Intersegment revenues	2,638	1,963	5,570	5,276
Depreciation	4,006	4,773	13,823	14,127
Amortization	1,174	825	3,058	2,555
Share-based compensation expense	1,899	1,961	6,193	5,595
Interest expense				1
Operating Income (Loss)	25,896	23,724	72,332	71,023
Total assets	626,946	480,389	626,946	480,389
Capital expenditures	8,658	15,253	22,330	31,960
Intermodal [Member]
Segment Reporting Information [Line Items]
External revenues	58,317	50,496	162,936	148,058
Intersegment revenues	29	49	64	217
Depreciation	1,050	342	1,983	1,295
Amortization	1,542	1,113	4,278	3,298
Share-based compensation expense	340	262	1,313	776
Interest expense	67	10	69	47
Operating Income (Loss)	6,900	7,321	18,326	16,333
Total assets	205,444	159,428	205,444	159,428
Capital expenditures	207	276	422	482
Truckload Expedited [Member]
Segment Reporting Information [Line Items]
External revenues	44,999	47,158	135,467	137,221
Intersegment revenues	459	784	1,772	5,761
Depreciation	1,182	1,522	4,225	4,765
Amortization	21	21	64	98
Share-based compensation expense	(4)	178	261	524
Interest expense	2	2	6	5
Operating Income (Loss)	606	1,673	2,137	3,348
Total assets	75,622	70,841	75,622	70,841
Capital expenditures	160	30	488	70
Pool Distribution [Member]
Segment Reporting Information [Line Items]
External revenues	50,924	47,177	141,722	132,980
Intersegment revenues	38	103	230	276
Depreciation	1,296	1,442	3,834	4,436
Amortization	257	257	772	772
Share-based compensation expense	135	114	470	342
Operating Income (Loss)	1,867	735	4,685	3,695
Total assets	114,824	60,672	114,824	60,672
Capital expenditures	1,479	1,179	3,862	1,832
Elimination [Member]
Segment Reporting Information [Line Items]
Intersegment revenues	(3,164)	(2,899)	(7,636)	(11,530)
Depreciation			(1)
Share-based compensation expense	392	332	769	288
Interest expense	692	460	1,841	1,274
Operating Income (Loss)	(4,580)	(3,574)	(11,507)	(7,415)
Total assets	$ (42,203)	$ (28,189)	$ (42,203)	$ (28,189)