10-Q Filing

MARTEN TRANSPORT LTD CIK: 799167 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-008333`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	mrtn-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 39 Cash Flow Statement 59 Stockholders Equity 30

Balance Sheet 64 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`	$488.00K	USD	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.06M	USD	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
Trade, net	`AccountsReceivableNetCurrent`	$69.20M	USD	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$69.81M	USD	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
Other	`NontradeReceivablesCurrent`	$3.71M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other	`NontradeReceivablesCurrent`	$4.44M	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$17.10M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	96.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$19.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$93.43M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.63M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.68M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$99.69M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.68M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.63M	shares	Point-in-time
Revenue equipment, buildings and land, office equipment and other	`PropertyPlantAndEquipmentGross`	$768.86M	USD	Point-in-time
Revenue equipment, buildings and land, office equipment and other	`PropertyPlantAndEquipmentGross`	$759.55M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$201.73M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$209.23M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$557.83M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$559.63M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.97M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.49M	USD	Point-in-time
Total assets	`Assets`	$661.28M	USD	Point-in-time
Total assets	`Assets`	$653.75M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$41.23M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$43.98M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$19.44M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$20.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.56M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$7.89M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$147.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$151.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$215.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$216.41M	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; 32,684,955 shares at March 31, 2017, and 32,634,915 shares at December 31, 2016, issued and outstanding	`CommonStockValue`	$327.00K	USD	Point-in-time
Common stock, $.01 par value per share; 96,000,000 shares authorized; 32,684,955 shares at March 31, 2017, and 32,634,915 shares at December 31, 2016, issued and outstanding	`CommonStockValue`	$326.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$74.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$74.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$362.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$370.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$437.34M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$410.81M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$445.45M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$409.42M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$653.75M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$661.28M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Operating revenue	`Revenues`	$161.93M	USD	1 Quarter
Operating revenue	`Revenues`	$173.16M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$56.40M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$54.83M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$29.36M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$28.04M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$25.96M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$19.63M	USD	1 Quarter
Supplies and maintenance	`MaintenanceCosts`	$10.50M	USD	1 Quarter
Supplies and maintenance	`MaintenanceCosts`	$10.99M	USD	1 Quarter
Depreciation	`Depreciation`	$21.38M	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`	$2.25M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.36M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$8.91M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.58M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.62M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$5.04M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$3.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$159.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$147.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.94M	USD	1 Quarter
Other	`NonoperatingIncomeExpense`	$-141.00K	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`	$13.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.27M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.21M	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`	$0.25	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`	$0.25	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 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.27M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.21M	USD	1 Quarter
Depreciation	`Depreciation`	$21.38M	USD	1 Quarter
Depreciation	`Depreciation`	$20.05M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.68M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.42M	USD	1 Quarter
Tax deficiencies from share-based payment arrangement exercises	`DeferredTaxExpenseBenefitFromStockOptionsExercised`	-	USD	1 Quarter
Tax deficiencies from share-based payment arrangement exercises	`DeferredTaxExpenseBenefitFromStockOptionsExercised`	$-169.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$290.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$149.00K	USD	1 Quarter
Distribution from affiliate	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	1 Quarter
Distribution from affiliate	`EquityMethodInvestmentDividendsOrDistributions`	$400.00K	USD	1 Quarter
Equity in loss from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-129.00K	USD	1 Quarter
Equity in loss from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-143.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-771.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-13.25M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.21M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.30M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$954.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.90M	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.14M	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$870.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.06M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.67M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.55M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.96M	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`	$30.82M	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`	$38.70M	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`	$811.00K	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$817.00K	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`	$615.00K	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$47.00K	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$127.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.79M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.13M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$722.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$8.58M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$488.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.06M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$434.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$488.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.06M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$434.00K	USD	Point-in-time
Change in property and equipment not yet paid	`IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid`	$1.14M	USD	1 Quarter
Change in property and equipment not yet paid	`IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid`	$114.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$-6.93M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$290.00K	USD	1 Quarter
Interest	`InterestPaid`	$87.00K	USD	1 Quarter
Interest	`InterestPaid`	$24.00K	USD	1 Quarter

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$437.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$410.81M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$445.45M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$409.42M	USD	Point-in-time
Net income	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.27M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.21M	USD	1 Quarter
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	3 Qtrs
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 (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.51M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$16.20M	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$615.00K	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.53M	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.89M	USD	3 Qtrs
Tax deficiencies from share-based payment arrangement exercises	`AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation`	$169.00K	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`AdjustmentsToAdditionalPaidInCapitalEmployeeTaxesPaidInExhangeForSharesWitheld`	$47.00K	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`AdjustmentsToAdditionalPaidInCapitalEmployeeTaxesPaidInExhangeForSharesWitheld`	$127.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$149.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$290.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$593.00K	USD	3 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$2.44M	USD	3 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$817.00K	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$811.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$437.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$410.81M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$445.45M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$409.42M	USD	Point-in-time
Tax benefits from share-based payment arrangement exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$215.00K	USD	3 Qtrs

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