10-Q Filing

HUB GROUP, INC. CIK: 940942 Q2 2010

Filing Information

Form Type	10-Q
Accession Number	`0000940942-10-000018`
Period End Date	20100630
Filing Date	20100728
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	hubg-20100630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 76 Cash Flow Statement 58

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$113.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.80M	USD	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$195.13M	USD	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$145.32M	USD	Point-in-time
Accounts receivable other	`OtherReceivables`	$11.93M	USD	Point-in-time
Accounts receivable other	`OtherReceivables`	$14.62M	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$354.00K	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$593.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$955.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$2.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$6.80M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$6.87M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$346.29M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$294.38M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$9.58M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$9.29M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.51M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.58M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$5.94M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$6.16M	USD	Point-in-time
Goodwill, net	`Goodwill`	$232.78M	USD	Point-in-time
Goodwill, net	`Goodwill`	$232.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.82M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.34M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$573.35M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$624.22M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax	`PurchasePriceInExcessOfPredecessorBasis`	$10.31M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax	`PurchasePriceInExcessOfPredecessorBasis`	$10.31M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.21M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.97M	shares	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$146.87M	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$110.63M	USD	Point-in-time
Accounts payable other	`AccountsPayableOtherCurrent`	$7.70M	USD	Point-in-time
Accounts payable other	`AccountsPayableOtherCurrent`	$9.24M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$8.25M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$9.00M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$18.96M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$21.76M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$145.53M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$186.87M	USD	Point-in-time
Non-current liabilities	`OtherNoncurrentLiabilities`	$12.00M	USD	Point-in-time
Non-current liabilities	`OtherNoncurrentLiabilities`	$11.64M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$64.51M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$61.97M	USD	Point-in-time
Preferred stock, $ .01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2010 and 2009	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $ .01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2010 and 2009	`PreferredStockValue`	-	USD	Point-in-time
Class A: $.01 par value; 97,337,700 shares authorized and 41,224,792 shares issued in 2010 and 2009; 37,016,157 shares outstanding in 2010 and 37,253,330 shares outstanding in 2009. Class B: $.01 par value; 662,300 shares authorized; 662,296 shares issued and outstanding in 2010 and 2009.	`CommonStockValue`	$419.00K	USD	Point-in-time
Class A: $.01 par value; 97,337,700 shares authorized and 41,224,792 shares issued in 2010 and 2009; 37,016,157 shares outstanding in 2010 and 37,253,330 shares outstanding in 2009. Class B: $.01 par value; 662,300 shares authorized; 662,296 shares issued and outstanding in 2010 and 2009.	`CommonStockValue`	$419.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$171.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$168.34M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax benefit of $10,306	`TaxBenefitOnPurchasePriceOfPredecessorBasis`	$15.46M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax benefit of $10,306	`TaxBenefitOnPurchasePriceOfPredecessorBasis`	$15.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$299.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$317.88M	USD	Point-in-time
Other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.00K	USD	Point-in-time
Other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.00K	USD	Point-in-time
Treasury stock; at cost, 4,208,635 shares in 2010 and 3,971,462 shares in 2009	`TreasuryStockValue`	$102.13M	USD	Point-in-time
Treasury stock; at cost, 4,208,635 shares in 2010 and 3,971,462 shares in 2009	`TreasuryStockValue`	$109.99M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$353.84M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$361.20M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$624.22M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$573.35M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueServicesNet`	$875.41M	USD	2 Qtrs
Revenue	`SalesRevenueServicesNet`	$714.31M	USD	2 Qtrs
Revenue	`SalesRevenueServicesNet`	$362.61M	USD	1 Quarter
Revenue	`SalesRevenueServicesNet`	$458.11M	USD	1 Quarter
Transportation costs	`CostOfServices`	$316.85M	USD	1 Quarter
Transportation costs	`CostOfServices`	$623.38M	USD	2 Qtrs
Transportation costs	`CostOfServices`	$776.01M	USD	2 Qtrs
Transportation costs	`CostOfServices`	$407.54M	USD	1 Quarter
Gross margin	`GrossProfit`	$45.76M	USD	1 Quarter
Gross margin	`GrossProfit`	$90.93M	USD	2 Qtrs
Gross margin	`GrossProfit`	$99.39M	USD	2 Qtrs
Gross margin	`GrossProfit`	$50.58M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$45.28M	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$47.32M	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$22.06M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$23.86M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$19.25M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$20.21M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$10.06M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$9.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.28M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$934.00K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$32.32M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$66.81M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$34.86M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$69.44M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$29.96M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$24.12M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$13.45M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$50.00K	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$48.00K	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$91.00K	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$23.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$36.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$152.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$62.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$84.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$72.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$113.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$73.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$95.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$174.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.13M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.23M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.52M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.75M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.18M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.48M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.33M	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.39	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.49	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.39	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.49	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37.48M	shares	2 Qtrs
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37.43M	shares	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37.34M	shares	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37.33M	shares	2 Qtrs
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.58M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.48M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.45M	shares	2 Qtrs
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.61M	shares	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.48M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.33M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.94M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.32M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$3.23M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$4.64M	USD	2 Qtrs
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$1.82M	USD	2 Qtrs
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$2.15M	USD	2 Qtrs
Loss (gain) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-16.00K	USD	2 Qtrs
Loss (gain) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$19.00K	USD	2 Qtrs
Restricted investments	`IncreaseDecreaseOfRestrictedInvestments`	$289.00K	USD	2 Qtrs
Restricted investments	`IncreaseDecreaseOfRestrictedInvestments`	$-1.57M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.71M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-52.51M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.26M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$174.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$63.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-520.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$36.31M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.05M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.94M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.36M	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-441.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$288.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.01M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.08M	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$720.00K	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$53.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.95M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.05M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.33M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.90M	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$44.00K	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$14.00K	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.08M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$12.37M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$147.00K	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$154.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.20M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-891.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$11.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.49M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.29M	USD	2 Qtrs
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$128.36M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$113.09M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.86M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.80M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$128.36M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$113.09M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.86M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$85.80M	USD	Point-in-time
Interest	`InterestPaid`	$26.00K	USD	2 Qtrs
Interest	`InterestPaid`	$50.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$4.41M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$4.30M	USD	2 Qtrs

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