10-Q Filing

MARTEN TRANSPORT LTD CIK: 799167 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-009293`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	mrtn-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 39 Cash Flow Statement 57 Stockholders Equity 24

Balance Sheet 63 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`	$10.40M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$488.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.79M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	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
Trade, net	`AccountsReceivableNetCurrent`	$82.09M	USD	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$74.89M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other	`NontradeReceivablesCurrent`	$7.04M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other	`NontradeReceivablesCurrent`	$6.13M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$19.81M	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`	$19.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$116.62M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	54.53M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$118.71M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	54.59M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	54.53M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	54.59M	shares	Point-in-time
Revenue equipment, buildings and land, office equipment and other	`PropertyPlantAndEquipmentGross`	$808.75M	USD	Point-in-time
Revenue equipment, buildings and land, office equipment and other	`PropertyPlantAndEquipmentGross`	$783.65M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$211.73M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$217.56M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$591.19M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$571.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.86M	USD	Point-in-time
Total assets	`Assets`	$711.97M	USD	Point-in-time
Total assets	`Assets`	$690.40M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$49.42M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.10M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$26.18M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$25.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.28M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$100.63M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$101.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$176.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$164.90M	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; 54,589,542 shares at March 31, 2018, and 54,533,455 shares at December 31, 2017, issued and outstanding	`CommonStockValue`	$546.00K	USD	Point-in-time
Common stock, $.01 par value per share; 96,000,000 shares authorized; 54,589,542 shares at March 31, 2018, and 54,533,455 shares at December 31, 2017, issued and outstanding	`CommonStockValue`	$545.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$448.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$457.99M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$445.45M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$437.34M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$535.45M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$690.40M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$711.97M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Operating revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$173.16M	USD	1 Quarter
Operating revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$186.96M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$56.40M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$58.82M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$35.03M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$29.36M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$29.04M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$25.96M	USD	1 Quarter
Supplies and maintenance	`CostMaintenance`	$10.99M	USD	1 Quarter
Supplies and maintenance	`CostMaintenance`	$10.44M	USD	1 Quarter
Depreciation	`Depreciation`	$21.38M	USD	1 Quarter
Depreciation	`Depreciation`	$21.82M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$2.29M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$2.25M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$8.91M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$10.29M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.68M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.58M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$3.49M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$5.17M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$159.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.37M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.94M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.59M	USD	1 Quarter
Other	`NonoperatingIncomeExpense`	$-141.00K	USD	1 Quarter
Other	`NonoperatingIncomeExpense`	$189.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.78M	USD	1 Quarter
Income taxes expense	`IncomeTaxExpenseBenefit`	$5.58M	USD	1 Quarter
Income taxes expense	`IncomeTaxExpenseBenefit`	$3.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.33M	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.15	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`	$0.01	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.33M	USD	1 Quarter
Depreciation	`Depreciation`	$21.38M	USD	1 Quarter
Depreciation	`Depreciation`	$21.82M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.42M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.05M	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$149.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$321.00K	USD	1 Quarter
Distribution from affiliate	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	1 Quarter
Distribution from affiliate	`EquityMethodInvestmentDividendsOrDistributions`	$400.00K	USD	1 Quarter
Equity in (earnings) loss from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-143.00K	USD	1 Quarter
Equity in (earnings) loss from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$188.00K	USD	1 Quarter
Adoption of accounting standard (Note 2)	`AdoptionOfAccountingStandard`	$485.00K	USD	1 Quarter
Adoption of accounting standard (Note 2)	`AdoptionOfAccountingStandard`	-	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$7.54M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-771.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.21M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-624.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$954.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.75M	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$-763.00K	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.14M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.67M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.18M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$9.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.96M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.39M	USD	1 Quarter
Borrowings under credit facility and long-term debt	`ProceedsFromLongTermLinesOfCredit`	$30.82M	USD	1 Quarter
Borrowings under credit facility and long-term debt	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Repayment of borrowings under credit facility and long-term debt	`RepaymentsOfLongTermLinesOfCredit`	$38.70M	USD	1 Quarter
Repayment of borrowings under credit facility and long-term debt	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$1.36M	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$817.00K	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$286.00K	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`	$104.00K	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$47.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.18M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.13M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$8.58M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-5.39M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.40M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$488.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.06M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.79M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$488.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.06M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$15.79M	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`	$12.49M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$290.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$463.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$24.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$8.00K	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.50M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$445.45M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$437.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$535.45M	USD	Point-in-time
Net income	`NetIncomeLoss`	$8.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.33M	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$475.00K	USD	3 Qtrs
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`	$286.00K	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`	$104.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$149.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$321.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.10M	USD	3 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$817.00K	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$3.54M	USD	3 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$1.36M	USD	1 Quarter
Cash in lieu of fractional shares from stock split	`AdjustmentsToAdditionalPaidInCapitalStockSplit`	$54.00K	USD	3 Qtrs
Adoption of accounting standard (Note 2)	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$485.00K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.50M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$445.45M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$437.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$535.45M	USD	Point-in-time

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