CELADON GROUP INC

CIK:0000865941|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
OPERATING REVENUE:
Freight revenue	$ 242,349	$ 249,311	$ 483,818	$ 487,123
Fuel surcharge revenue	23,376	26,088	46,947	54,397
Total revenue	265,725	275,399	530,765	541,520
OPERATING EXPENSES:
Salaries, wages, and employee benefits	79,484	85,877	162,291	167,354
Fuel	27,311	26,688	53,608	54,416
Purchased transportation	85,614	93,948	175,906	182,978
Revenue equipment rentals	9,184	2,201	18,652	4,423
Operations and maintenance	22,108	18,243	41,258	35,849
Insurance and claims	13,691	7,709	21,947	14,637
Depreciation and amortization	16,976	19,187	36,308	40,788
Communications and utilities	2,578	2,611	4,998	4,955
Operating taxes and licenses	4,731	5,532	9,180	10,504
General and other operating	6,289	4,803	11,429	9,085
Gain on disposition of equipment	(507)	(5,479)	(1,768)	(18,721)
Total operating expenses	267,459	261,320	533,809	506,268
Operating income (loss)	(1,734)	14,079	(3,044)	35,252
Interest expense	2,988	3,758	6,291	6,910
Other (income) expense, net	(40)		13
Loss (income) from equity method investment	(1,824)	21	(1,955)	121
Income (loss) before income taxes	(2,858)	10,300	(7,393)	28,221
Income tax (benefit) expense	(1,333)	3,685	(3,015)	10,239
Net income (loss)	$ (1,525)	$ 6,615	$ (4,378)	$ 17,982
Income (loss) per common share:
Diluted (in dollars per share)	$ (0.06)	$ 0.24	$ (0.16)	$ 0.64
Basic (in dollars per share)	$ (0.06)	$ 0.24	$ (0.16)	$ 0.65
Diluted weighted average shares outstanding (in shares)	27,639	27,940	27,627	27,953
Basic weighted average shares outstanding (in shares)	27,639	27,480	27,627	27,467