10-Q Filing

MARTEN TRANSPORT LTD CIK: 799167 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-009167`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	mrtn-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 41 Cash Flow Statement 57 Stockholders Equity 27

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`	$85.53M	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`	$56.76M	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$84.44M	USD	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$83.03M	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`	$5.27M	USD	Point-in-time
Other	`NontradeReceivablesCurrent`	$3.81M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$19.92M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	192.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	96.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$18.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$163.53M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	54.57M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	54.47M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	54.47M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	54.57M	shares	Point-in-time
Revenue equipment, buildings and land, office equipment and other	`PropertyPlantAndEquipmentGross`	$816.43M	USD	Point-in-time
Revenue equipment, buildings and land, office equipment and other	`PropertyPlantAndEquipmentGross`	$819.81M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$228.20M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$241.66M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$578.15M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$588.23M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$3.11M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$2.15M	USD	Point-in-time
Total assets	`Assets`	$774.53M	USD	Point-in-time
Total assets	`Assets`	$753.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.70M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$28.10M	USD	Point-in-time
Insurance and claims accruals	`AccruedInsuranceCurrent`	$29.38M	USD	Point-in-time
Accrued and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.17M	USD	Point-in-time
Accrued and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$31.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$79.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$106.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$105.98M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$595.00K	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$452.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$177.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$186.79M	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; 192,000,000 shares authorized; 54,572,289 shares at March 31, 2019, and 54,466,691 shares at December 31, 2018, issued and outstanding	`CommonStockValue`	$545.00K	USD	Point-in-time
Common stock, $.01 par value per share; 192,000,000 shares authorized; 54,572,289 shares at March 31, 2019, and 54,466,691 shares at December 31, 2018, issued and outstanding	`CommonStockValue`	$546.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$510.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$498.60M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$575.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$587.74M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$753.90M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$774.53M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Operating revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$186.96M	USD	1 Quarter
Operating revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$199.02M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$58.82M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$63.52M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$38.25M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$35.03M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$27.68M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$29.04M	USD	1 Quarter
Supplies and maintenance	`CostMaintenance`	$10.44M	USD	1 Quarter
Supplies and maintenance	`CostMaintenance`	$11.12M	USD	1 Quarter
Depreciation	`Depreciation`	$21.82M	USD	1 Quarter
Depreciation	`Depreciation`	$22.54M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$2.33M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$2.29M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$10.29M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$9.88M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.68M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$1.95M	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$1.55M	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$1.21M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$5.17M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$5.57M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$181.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.37M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.59M	USD	1 Quarter
Other	`NonoperatingIncomeExpense`	$189.00K	USD	1 Quarter
Other	`NonoperatingIncomeExpense`	$278.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.78M	USD	1 Quarter
Income taxes expense	`IncomeTaxExpenseBenefit`	$4.46M	USD	1 Quarter
Income taxes expense	`IncomeTaxExpenseBenefit`	$3.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$44.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.55M	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`	$0.19	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`	$0.25	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 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$44.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.55M	USD	1 Quarter
Depreciation	`Depreciation`	$21.82M	USD	1 Quarter
Depreciation	`Depreciation`	$22.54M	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$1.55M	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$1.21M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.05M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$819.00K	USD	1 Quarter
Net noncurrent operating lease assets and liabilities	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	-	USD	1 Quarter
Net noncurrent operating lease assets and liabilities	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$537.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$366.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AllocatedShareBasedCompensationExpense`	$321.00K	USD	1 Quarter
Equity in loss (earnings) from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-51.00K	USD	1 Quarter
Equity in loss (earnings) from affiliate	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$188.00K	USD	1 Quarter
Adoption of accounting standard	`AdoptionOfAccountingStandard`	$485.00K	USD	1 Quarter
Adoption of accounting standard	`AdoptionOfAccountingStandard`	-	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$7.54M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$315.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.90M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-624.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.57M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.10M	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.28M	USD	1 Quarter
Insurance and claims accruals	`IncreaseDecreaseInOtherAccruedLiabilities`	$-763.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.40M	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.82M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.18M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$25.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$9.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.39M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.91M	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$1.64M	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$1.36M	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`	$292.00K	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`	$784.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.13M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.18M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$28.76M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-5.39M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.53M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.40M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.76M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.79M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$85.53M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$56.76M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$15.79M	USD	Point-in-time
Change in property and equipment not yet paid	`IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid`	$5.03M	USD	1 Quarter
Change in property and equipment not yet paid	`IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid`	$12.49M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$1.38M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$463.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$8.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$11.00K	USD	1 Quarter

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$525.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$587.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$575.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$535.45M	USD	Point-in-time
Adoption of accounting standard	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$485.00K	USD	Point-in-time
Net income	`NetIncomeLoss`	$44.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.55M	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$286.00K	USD	1 Quarter
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$652.00K	USD	3 Qtrs
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$292.00K	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`AdjustmentsToAdditionalPaidInCapitalEmployeeTaxesPaidInExhangeForSharesWitheld`	$784.00K	USD	1 Quarter
Employee taxes paid in exchange for shares withheld	`AdjustmentsToAdditionalPaidInCapitalEmployeeTaxesPaidInExhangeForSharesWitheld`	$104.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.00M	USD	3 Qtrs
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$366.00K	USD	1 Quarter
Share-based payment arrangement compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$321.00K	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$1.36M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$4.09M	USD	3 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$1.64M	USD	1 Quarter
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	1 Quarter
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	200,000.00	shares	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.80M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.76M	USD	3 Qtrs
Balance	`StockholdersEquity`	$525.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$587.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$575.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$535.45M	USD	Point-in-time

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