10-Q Filing

MARTEN TRANSPORT LTD CIK: 799167 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-031009`
Period End Date	20160331
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	mrtn-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 40 Cash Flow Statement 64 Stockholders Equity 12

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$123.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.70M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$434.00K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$70.60M	USD	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$65.28M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other	`NontradeReceivablesCurrent`	$4.72M	USD	Point-in-time
Other	`NontradeReceivablesCurrent`	$10.88M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	96.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	96.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$16.83M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$18.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$87.99M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.42M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$100.05M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.76M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.76M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.42M	shares	Point-in-time
Revenue equipment, buildings and land, office equipment and other	`PropertyPlantAndEquipmentGross`	$723.46M	USD	Point-in-time
Revenue equipment, buildings and land, office equipment and other	`PropertyPlantAndEquipmentGross`	$724.60M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$204.41M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$196.59M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$528.01M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$519.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.47M	USD	Point-in-time
Total assets	`Assets`	$610.39M	USD	Point-in-time
Total assets	`Assets`	$631.53M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.64M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.43M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$17.11M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$16.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.88M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$37.87M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$138.04M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$134.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$199.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$222.11M	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; 96,000,000 shares authorized; 32,419,481 shares at March 31, 2016, and 32,759,806 shares at December 31, 2015, issued and outstanding	`CommonStockValue`	$328.00K	USD	Point-in-time
Common stock, $.01 par value per share; 96,000,000 shares authorized; 32,419,481 shares at March 31, 2016, and 32,759,806 shares at December 31, 2015, issued and outstanding	`CommonStockValue`	$324.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$70.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$332.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$340.01M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$409.42M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$410.81M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$631.53M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$610.39M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating revenue	`Revenues`	$161.93M	USD	1 Quarter
Operating revenue	`Revenues`	$161.29M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$48.81M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$54.83M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$29.50M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$28.04M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$19.63M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$26.48M	USD	1 Quarter
Supplies and maintenance	`MaintenanceCosts`	$10.50M	USD	1 Quarter
Supplies and maintenance	`MaintenanceCosts`	$10.44M	USD	1 Quarter
Depreciation	`Depreciation`	$17.83M	USD	1 Quarter
Depreciation	`Depreciation`	$20.05M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$2.19M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$1.88M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$8.09M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.36M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.62M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.53M	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$3.71M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$4.30M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$5.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$147.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$143.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.31M	USD	1 Quarter
Other	`NonoperatingIncomeExpense`	$-15.00K	USD	1 Quarter
Other	`NonoperatingIncomeExpense`	$-215.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.19M	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.03	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.03	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.19M	USD	1 Quarter
Depreciation	`Depreciation`	$17.83M	USD	1 Quarter
Depreciation	`Depreciation`	$20.05M	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$3.71M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.68M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.31M	USD	1 Quarter
Tax (deficiencies) benefits from share-based payment arrangement exercises	`DeferredTaxExpenseBenefitFromStockOptionsExercised`	$178.00K	USD	1 Quarter
Tax (deficiencies) benefits from share-based payment arrangement exercises	`DeferredTaxExpenseBenefitFromStockOptionsExercised`	$-169.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangement exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$159.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangement exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$273.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$290.00K	USD	1 Quarter
Equity in loss from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-159.00K	USD	1 Quarter
Equity in loss from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-129.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-18.70M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-13.25M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.69M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.30M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.90M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.03M	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$870.00K	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$834.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$53.16M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.06M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$14.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.76M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.55M	USD	1 Quarter
Borrowings under credit facility and long-term debt	`ProceedsFromLongTermLinesOfCredit`	$36.23M	USD	1 Quarter
Borrowings under credit facility and long-term debt	`ProceedsFromLongTermLinesOfCredit`	$13.44M	USD	1 Quarter
Repayment of borrowings under credit facility and long-term debt	`RepaymentsOfLongTermLinesOfCredit`	$74.09M	USD	1 Quarter
Repayment of borrowings under credit facility and long-term debt	`RepaymentsOfLongTermLinesOfCredit`	$37.82M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$7.51M	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$837.00K	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$811.00K	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.53M	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$973.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangement exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$159.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangement exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$127.00K	USD	1 Quarter
Change in checks issued in excess of cash balances	`IncreaseDecreaseInBookOverdrafts`	$-745.00K	USD	1 Quarter
Change in checks issued in excess of cash balances	`IncreaseDecreaseInBookOverdrafts`	-	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.79M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.82M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.58M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$722.00K	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$123.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.70M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$434.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$123.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$21.70M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$434.00K	USD	Point-in-time
Change in property and equipment not yet paid	`IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid`	$114.00K	USD	1 Quarter
Change in property and equipment not yet paid	`IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid`	$5.32M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$-12.14M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$-6.93M	USD	1 Quarter
Interest	`InterestPaid`	$28.00K	USD	1 Quarter
Interest	`InterestPaid`	$87.00K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$409.42M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$410.81M	USD	Point-in-time
Net income	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.19M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$409.42M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$410.81M	USD	Point-in-time
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	941,024.00	shares	1 Quarter
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	455,581.00	shares	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.50M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$16.20M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.50M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$16.20M	USD	1 Quarter

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