10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-215739`
Period End Date	20110630
Filing Date	20110809
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	odfl-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 96 Cash Flow Statement 46

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.47M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.90M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.78M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Customer receivables, less allowances of $8,903 and $8,475, respectively	`AccountsReceivableNetCurrent`	$212.53M	USD	Point-in-time
Customer receivables, less allowances of $8,903 and $8,475, respectively	`AccountsReceivableNetCurrent`	$172.99M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	55.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	57.44M	shares	Point-in-time
Other receivables	`OtherReceivablesCurrent`	$7.71M	USD	Point-in-time
Other receivables	`OtherReceivablesCurrent`	$10.36M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$17.77M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.31M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$18.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$23.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$296.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$222.58M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$701.65M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$758.95M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$696.50M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$667.92M	USD	Point-in-time
Other fixed assets	`FixedAssetsOther`	$170.53M	USD	Point-in-time
Other fixed assets	`FixedAssetsOther`	$192.51M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$4.54M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$4.42M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$1.54B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$1.65B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$580.30M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$592.79M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.06B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$964.22M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.20M	USD	Point-in-time
Total assets	`Assets`	$1.24B	USD	Point-in-time
Total assets	`Assets`	$1.41B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.22M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$51.35M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$76.93M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$35.79M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$33.93M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$18.41M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$20.40M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$37.13M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$38.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$170.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$212.38M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$234.09M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$227.14M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$76.33M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$81.48M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$90.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$110.49M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$419.12M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$401.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$631.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$571.23M	USD	Point-in-time
Common stock - $0.10 par value, 70,000,000 shares authorized, 57,443,324 shares outstanding at June 30, 2011 and 55,926,945 outstanding at December 31, 2010	`CommonStockValueOutstanding`	$5.74M	USD	Point-in-time
Common stock - $0.10 par value, 70,000,000 shares authorized, 57,443,324 shares outstanding at June 30, 2011 and 55,926,945 outstanding at December 31, 2010	`CommonStockValueOutstanding`	$5.59M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$137.28M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$89.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$574.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$634.99M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$778.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$668.65M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.41B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.24B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$480.25M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$686.04M	USD	2 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$368.25M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$902.93M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$196.26M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$239.38M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$377.06M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$460.87M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$59.59M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$112.27M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$173.33M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$90.70M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$10.44M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$13.20M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$20.43M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$24.77M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$31.42M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$15.89M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$26.71M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$13.71M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$11.63M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$6.21M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.53M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$14.72M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$8.98M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$4.43M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$7.44M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$3.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$41.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$43.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$19.55M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$16.78M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$21.80M	USD	2 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$12.57M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$31.07M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$6.89M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$7.64M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$3.50M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$4.17M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$3.57M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.19M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$5.18M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.06M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$800.37M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$415.61M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$328.24M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$629.66M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$102.57M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$40.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$64.64M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$56.39M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$6.70M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$3.46M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$3.18M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$7.34M	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$33.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$53.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$105.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$14.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.06M	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-1.03M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-1.10M	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-362.00K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-6.25M	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-3.81M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-4.16M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-7.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.85M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$96.31M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.69M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.83M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.34M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.36M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.45M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.48M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.38M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.52	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.07	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.52	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.07	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	55.93M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	55.93M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	56.85M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.85M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.93M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$29.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$41.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$43.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$19.55M	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-127.00K	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-783.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$15.12M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.08M	USD	2 Qtrs
Changes in assets and liabilities, net	`WorkingCapitalChangesAndOther`	$-2.81M	USD	2 Qtrs
Changes in assets and liabilities, net	`WorkingCapitalChangesAndOther`	$818.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.18M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$119.18M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$45.62M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$142.44M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$616.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.05M	USD	2 Qtrs
Other investing activities, net	`NetChangeOtherInvestingActivities`	-	USD	2 Qtrs
Other investing activities, net	`NetChangeOtherInvestingActivities`	$6.45M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.46M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-138.39M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$96.51M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.35M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.26M	USD	2 Qtrs
Net (payments) proceeds from revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$19.24M	USD	2 Qtrs
Net (payments) proceeds from revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-66.23M	USD	2 Qtrs
Proceeds from stock issuance, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$48.40M	USD	2 Qtrs
Proceeds from stock issuance, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.11M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.42M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$612.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.21M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.78M	USD	Point-in-time
Fair value of property exchanged	`SupplementalNoncashOrPartNoncashDivestitureAmountOfConsiderationReceived`	-	USD	2 Qtrs
Fair value of property exchanged	`SupplementalNoncashOrPartNoncashDivestitureAmountOfConsiderationReceived`	$1.19M	USD	2 Qtrs

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