10-Q Filing

MARTEN TRANSPORT LTD CIK: 799167 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-008487`
Period End Date	20140331
Filing Date	20140509
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	mrtn-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 44 Cash Flow Statement 56 Stockholders Equity 25

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.32M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$70.31M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$70.87M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other	`NontradeReceivablesCurrent`	$4.14M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	48.00M	shares	Point-in-time
Other	`NontradeReceivablesCurrent`	$2.21M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	48.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$15.27M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.30M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.35M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$13.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.48M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$108.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$107.35M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$164.92M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$171.89M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$415.01M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$424.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.44M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.49M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$536.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$525.80M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$38.62M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$42.47M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$14.85M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$14.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$53.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.31M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$113.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$114.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$172.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$166.66M	USD	Point-in-time
Preferred stock, $.01 par value per share; 2,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value per share; 2,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value per share; 48,000,000 shares authorized; 33,349,150 shares at March 31, 2014, and 33,301,048 shares at December 31, 2013, issued and outstanding	`CommonStockValue`	$333.00K	USD	Point-in-time
Common stock, $.01 par value per share; 48,000,000 shares authorized; 33,349,150 shares at March 31, 2014, and 33,301,048 shares at December 31, 2013, issued and outstanding	`CommonStockValue`	$333.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$85.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$85.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$273.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$278.18M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$331.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$336.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$359.14M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$364.22M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$525.80M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$536.31M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
OPERATING REVENUE	`Revenues`	$164.47M	USD	1 Quarter
OPERATING REVENUE	`Revenues`	$159.41M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$42.12M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$43.73M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$34.18M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$28.13M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$39.83M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$40.32M	USD	1 Quarter
Supplies and maintenance	`MaintenanceCosts`	$9.53M	USD	1 Quarter
Supplies and maintenance	`MaintenanceCosts`	$10.44M	USD	1 Quarter
Depreciation	`Depreciation`	$16.37M	USD	1 Quarter
Depreciation	`Depreciation`	$15.69M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$1.77M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$1.71M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$5.81M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$6.12M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.43M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.28M	USD	1 Quarter
Gain on disposition of revenue equipment	`GainLossOnDispositionOfAssets`	$663.00K	USD	1 Quarter
Gain on disposition of revenue equipment	`GainLossOnDispositionOfAssets`	$2.42M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$3.67M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$3.63M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$151.94M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$150.77M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$12.54M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$8.64M	USD	1 Quarter
OTHER	`NonoperatingIncomeExpense`	$98.00K	USD	1 Quarter
OTHER	`NonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.74M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.55M	USD	1 Quarter
Less: Income before income taxes attributable to noncontrolling interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$84.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES ATTRIBUTABLE TO MARTEN TRANSPORT, LTD.	`IncomeLossFromContinuingOperations`	$12.47M	USD	1 Quarter
INCOME BEFORE INCOME TAXES ATTRIBUTABLE TO MARTEN TRANSPORT, LTD.	`IncomeLossFromContinuingOperations`	$8.74M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$5.27M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$3.45M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$5.29M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$22.95M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$7.20M	USD	1 Quarter
BASIC EARNINGS PER COMMON SHARE (in Dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
BASIC EARNINGS PER COMMON SHARE (in Dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in Dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in Dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
DIVIDENDS DECLARED PER COMMON SHARE (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.02	USD	1 Quarter
DIVIDENDS DECLARED PER COMMON SHARE (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.03	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.95M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.20M	USD	1 Quarter
Depreciation	`Depreciation`	$16.37M	USD	1 Quarter
Depreciation	`Depreciation`	$15.69M	USD	1 Quarter
Gain on disposition of revenue equipment	`GainLossOnDispositionOfAssets`	$663.00K	USD	1 Quarter
Gain on disposition of revenue equipment	`GainLossOnDispositionOfAssets`	$2.42M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.08M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.56M	USD	1 Quarter
Tax benefits from share-based payment arrangement exercises	`DeferredTaxExpenseFromStockOptionsExercised`	$50.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangement exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$217.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$211.00K	USD	1 Quarter
Income before income taxes attributable to noncontrolling interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$84.00K	USD	1 Quarter
Equity in earnings from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$37.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.79M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$307.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.91M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.78M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.07M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.57M	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$-250.00K	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$443.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.51M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.99M	USD	1 Quarter
Decrease in cash and cash equivalents resulting from change to equity method of accounting	`IncreaseDecreaseInRestrictedCashAndInvestments`	$1.92M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$9.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-91.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.38M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.09M	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$834.00K	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$553.00K	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$22.00K	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$370.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangement exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.00K	USD	1 Quarter
Borrowings under credit facility and long-term debt	`ProceedsFromLongTermLinesOfCredit`	$2.65M	USD	1 Quarter
Repayment of borrowings under credit facility and long-term debt	`RepaymentsOfLongTermLinesOfCredit`	$5.38M	USD	1 Quarter
Noncontrolling interest distributions	`PaymentsToMinorityShareholders`	$84.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-459.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.34M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.57M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.67M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.32M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.65M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.04M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$19.32M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$13.65M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.04M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Change in property and equipment not yet paid for	`CapitalExpendituresIncurredButNotYetPaid`	$3.47M	USD	1 Quarter
Change in property and equipment not yet paid for	`CapitalExpendituresIncurredButNotYetPaid`	$15.86M	USD	1 Quarter
Interest	`InterestPaid`	$24.00K	USD	1 Quarter
Interest	`InterestPaid`	$2.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$3.70M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$2.35M	USD	1 Quarter

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$331.92M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$336.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$359.14M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$364.22M	USD	Point-in-time
Net income	`NetIncomeLoss`	$5.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.95M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.20M	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$370.00K	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.10M	USD	3 Qtrs
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$22.00K	USD	1 Quarter
Tax benefits from share-based payment arrangement exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$50.00K	USD	1 Quarter
Tax benefits from share-based payment arrangement exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$189.00K	USD	3 Qtrs
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$217.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$867.00K	USD	3 Qtrs
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$211.00K	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$553.00K	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$2.22M	USD	3 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$834.00K	USD	1 Quarter
Income before income taxes attributable to noncontrolling interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$84.00K	USD	1 Quarter
Noncontrolling interest distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$84.00K	USD	1 Quarter
Change to equity method of accounting	`NoncontrollingInterestDecreaseFromDeconsolidation`	$2.56M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$331.92M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$336.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$359.14M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$364.22M	USD	Point-in-time

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