Forward air corp (FWRD)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets [Abstract]
Current assets:
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

77,245

64,749

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

34,824

14,777

42,165

25,657

28,911

20,102

12,735

3,893

12,423

10,090

14,335

8,511

11,312

21,679

38,037

33,312

47,444

42,531

54,495

41,429

24,573

24,943

41,044

127,367

98,551

81,101

71,630

112,182

92,988

68,832

69,397

58,801

87,467

96,119

85,681

74,504

63,219

47,916

42,035

Accounts receivable, less allowance of $1,923 in 2020 and $2,101 in 2019

143,234

150,197

157,494

154,715

150,623

156,359

148,464

152,393

146,191

147,948

132,100

123,535

116,473

116,602

115,327

109,256

104,317

109,165

114,674

122,356

120,473

95,326

100,016

97,560

93,651

76,500

83,224

76,280

78,092

75,262

74,878

77,557

75,376

70,922

69,574

69,779

68,387

62,763

62,438

63,541

55,720

Inventories

-

-

-

-

-

2,240

-

-

-

1,425

-

-

-

1,306

-

-

-

1,310

-

-

-

1,056

-

-

-

1,052

-

-

-

901

-

-

-

881

-

-

-

830

-

-

938

Prepaid expenses and other current assets

-

-

-

-

-

11,763

-

-

-

9,954

-

-

-

9,851

-

-

-

10,794

-

-

-

9,648

-

-

-

14,296

-

-

-

8,769

-

-

-

7,102

-

-

-

5,717

-

-

5,272

Income tax receivable

-

-

-

-

-

5,063

-

-

-

4,428

-

-

-

0

-

-

-

18,876

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

20,710

21,372

23,393

23,580

9,283

-

23,692

21,010

11,147

-

13,319

14,526

8,394

-

17,321

32,696

25,582

-

23,579

28,455

21,767

-

14,057

14,655

10,430

-

18,849

19,900

14,796

-

13,607

15,709

10,669

-

11,836

10,053

9,541

-

11,484

10,859

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,145

-

-

-

1,282

-

-

-

2,011

-

-

-

2,149

-

-

3,261

Total current assets

241,189

236,318

215,711

193,072

202,071

201,082

201,067

193,505

170,073

167,648

157,842

148,151

139,202

136,270

143,960

163,631

167,936

173,457

185,697

193,342

196,735

147,459

138,646

137,158

145,125

220,360

200,624

177,281

164,518

198,396

181,473

162,098

155,442

139,717

168,877

175,951

163,609

145,963

137,141

122,316

107,226

Property and equipment:
Land

-

-

-

-

-

16,928

-

-

-

16,928

-

-

-

16,928

-

-

-

16,998

-

-

-

16,998

-

-

-

16,998

-

-

-

16,928

-

-

-

16,928

-

-

-

16,928

-

-

16,928

Buildings

-

-

-

-

-

65,919

-

-

-

65,870

-

-

-

65,857

-

-

-

66,502

-

-

-

66,477

-

-

-

66,474

-

-

-

65,727

-

-

-

65,457

-

-

-

65,433

-

-

68,444

Equipment

-

-

-

-

-

311,573

-

-

-

291,181

-

-

-

273,463

-

-

-

241,391

-

-

-

212,216

-

-

-

178,752

-

-

-

149,571

-

-

-

134,275

-

-

-

123,989

-

-

111,728

Leasehold improvements

-

-

-

-

-

14,165

-

-

-

12,604

-

-

-

10,694

-

-

-

9,228

-

-

-

7,957

-

-

-

6,263

-

-

-

5,973

-

-

-

5,778

-

-

-

5,907

-

-

5,243

Construction in progress

-

-

-

-

-

5,315

-

-

-

12,652

-

-

-

12,079

-

-

-

9,028

-

-

-

1,540

-

-

-

2,563

-

-

-

939

-

-

-

697

-

-

-

1,447

-

-

2,373

Property and equipment

426,375

426,737

438,656

422,968

417,606

413,900

409,465

401,507

402,688

399,235

383,890

375,069

376,623

379,021

369,582

355,124

344,931

343,147

322,681

317,835

310,814

305,188

303,755

303,449

292,364

271,050

270,113

266,811

254,066

239,138

238,704

237,256

235,138

223,135

224,278

221,715

217,560

213,704

210,954

211,696

128,726

Less accumulated depreciation and amortization

216,621

213,706

217,813

214,126

210,750

204,005

199,166

197,264

199,088

193,123

192,109

185,510

182,686

178,816

172,348

166,868

162,172

155,859

150,180

144,638

138,287

132,699

127,259

124,068

121,135

116,287

112,514

109,346

107,439

105,581

101,941

98,174

96,531

93,267

91,023

88,517

88,033

87,272

83,615

82,026

75,990

Total property and equipment, net

209,754

213,031

220,843

208,842

206,856

209,895

210,299

204,243

203,600

206,112

191,781

189,559

193,937

200,205

197,234

188,256

182,759

187,288

172,501

173,197

172,527

172,489

176,496

179,381

171,229

154,763

157,599

157,465

146,627

133,557

136,763

139,082

138,607

129,868

133,255

133,198

129,527

126,432

127,339

129,670

204,716

Operating lease, right-of-use asset

171,242

151,657

158,977

149,544

133,361

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and other acquired intangibles:
Goodwill

242,639

221,105

220,423

218,373

199,092

199,092

193,625

191,671

191,671

191,671

191,535

191,535

184,675

184,675

184,675

179,301

206,517

205,609

206,899

206,530

202,909

144,412

140,678

138,839

131,217

88,496

88,404

87,771

87,860

43,332

43,332

43,332

43,332

43,332

43,332

43,332

43,332

43,332

43,332

43,332

43,332

Other acquired intangibles, net of accumulated amortization of $95,492 in 2020 and $91,879 in 2019

158,135

127,798

130,038

126,482

111,150

113,661

106,227

106,741

108,938

111,247

113,562

116,231

104,259

106,650

109,041

106,709

125,893

127,800

130,531

133,262

140,189

72,705

71,778

74,560

84,456

40,110

41,624

43,138

44,651

22,102

23,225

24,373

25,521

26,668

27,816

28,963

30,111

31,259

32,406

33,554

35,849

Total goodwill and other acquired intangibles, net

400,774

348,903

350,461

344,855

310,242

312,753

299,852

298,412

300,609

302,918

305,097

307,766

288,934

291,325

293,716

286,010

332,410

333,409

337,430

339,792

343,098

217,117

212,456

213,399

215,673

128,606

130,028

130,909

132,511

65,434

66,557

67,705

68,853

70,000

71,148

72,295

73,443

74,591

75,738

76,886

79,181

Other assets

43,277

40,969

34,641

40,244

33,047

36,485

31,923

15,132

15,925

15,944

14,448

14,211

13,795

13,491

6,603

6,530

5,948

5,778

3,037

3,029

3,027

2,244

2,347

2,551

2,540

2,540

2,551

2,537

2,550

1,800

1,825

1,891

1,858

1,566

1,533

1,535

1,523

1,810

1,595

1,625

1,597

Assets

1,066,236

990,878

980,633

936,557

885,577

760,215

743,141

711,292

690,207

692,622

669,168

659,687

635,868

641,291

641,513

644,427

689,053

699,932

698,665

709,360

715,387

539,309

529,945

532,489

534,567

506,269

490,802

468,192

446,206

399,187

386,618

370,776

364,760

341,151

374,813

382,979

368,102

348,796

341,813

330,497

316,730

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable

26,565

29,986

32,599

30,585

31,124

34,630

35,110

32,036

30,004

30,723

22,377

17,642

15,800

18,012

18,415

13,815

17,810

23,334

27,435

27,616

21,567

20,572

21,395

21,421

22,164

16,267

17,067

12,189

14,285

11,168

12,896

12,278

16,563

12,392

14,603

15,354

11,804

10,687

11,383

9,697

10,333

Accrued expenses

52,168

49,822

51,412

50,414

41,434

-

40,073

37,337

35,976

-

35,354

34,921

34,007

-

30,843

31,210

31,153

-

29,691

33,191

36,364

-

23,356

21,956

21,529

-

19,490

17,220

18,131

-

16,475

19,726

23,163

-

18,035

17,933

21,900

-

23,326

21,864

-

Other current liabilities

5,661

5,320

7,049

6,069

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll and related items

-

-

-

-

-

16,959

-

-

-

13,230

-

-

-

11,522

-

-

-

10,051

-

-

-

8,122

-

-

-

6,325

-

-

-

5,623

-

-

-

7,739

-

-

-

5,858

-

-

5,394

Insurance and claims accruals

-

-

-

-

-

12,648

-

-

-

11,999

-

-

-

10,122

-

-

-

8,935

-

-

-

6,042

-

-

-

5,105

-

-

-

5,475

-

-

-

4,806

-

-

-

5,647

-

-

5,622

Payables to owner-operators

-

-

-

-

-

7,424

-

-

-

6,322

-

-

-

5,597

-

-

-

7,901

-

-

-

4,182

-

-

-

4,710

-

-

-

3,978

-

-

-

3,197

-

-

-

3,674

-

-

3,603

Collections on behalf of customers

-

-

-

-

-

261

-

-

-

329

-

-

-

349

-

-

-

517

-

-

-

374

-

-

-

416

-

-

-

457

-

-

-

473

-

-

-

430

-

-

697

Other accrued expenses

-

-

-

-

-

2,492

-

-

-

2,869

-

-

-

4,243

-

-

-

2,419

-

-

-

2,571

-

-

-

1,719

-

-

-

943

-

-

-

385

-

-

-

671

-

-

1,791

Income taxes payable

-

-

-

-

-

-

-

-

-

320

-

1,629

8,326

70

-

-

-

0

-

-

-

1,292

-

-

-

0

-

-

-

-

-

-

-

4,386

-

-

-

0

-

-

1,424

Current portion of finance lease obligations

1,433

1,421

1,578

197

264

309

336

344

351

359

466

462

352

347

41,866

55,713

69,785

331

55,898

55,906

56,082

276

280

294

318

69

92

121

182

276

386

474

521

552

561

583

603

638

672

779

898

Current portion of operating lease obligations

57,501

50,615

47,137

49,370

43,824

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of contingent consideration

-

-

-

-

-

0

-

-

-

-

-

-

-

27,665

-

-

-

55,556

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

Total current liabilities

143,328

137,164

139,775

136,635

116,646

74,723

75,519

69,717

66,331

66,151

58,197

54,654

58,485

77,927

91,124

100,738

118,748

109,044

113,024

116,713

114,013

43,431

45,031

43,671

44,011

34,611

36,649

29,530

32,598

27,920

29,757

32,478

40,247

33,930

33,199

33,870

34,307

27,605

35,381

32,340

29,783

Finance lease obligations, less current portion

-

-

-

-

-

54

-

-

-

365

-

-

-

725

-

-

-

1,074

-

-

-

1,275

-

-

-

3

-

-

-

58

-

-

-

333

-

-

-

883

-

-

2,169

Debt and finance lease obligations, less current portion

136,900

72,249

72,738

57,311

47,312

-

40,383

40,453

40,522

-

40,696

20,983

13,529

-

814

909

779

-

42,830

56,926

70,897

-

1,346

1,415

1,477

-

4

23

37

-

88

139

228

-

50,473

50,611

50,747

-

51,023

51,819

-

Operating lease obligations, less current portion

114,380

101,525

112,553

100,752

89,915

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current portion

-

-

-

-

-

47,281

-

-

-

40,223

-

-

-

0

-

-

-

27,543

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,000

-

-

50,000

Other long-term liabilities

60,299

58,816

51,316

51,365

40,257

47,739

43,073

25,678

24,118

24,104

22,681

22,148

21,440

21,699

14,726

14,071

14,049

12,340

12,198

13,511

17,628

8,356

8,148

7,729

8,292

8,940

9,129

8,985

9,138

7,098

6,805

6,883

9,470

8,860

8,079

7,782

8,371

8,106

6,159

6,047

4,485

Deferred income taxes

45,488

43,942

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

43,106

40,452

38,010

37,174

35,756

33,574

32,793

29,080

42,004

42,665

41,786

41,871

39,007

39,227

44,907

39,876

38,257

33,726

35,835

22,684

28,838

29,013

27,405

26,850

26,576

25,899

23,986

12,440

12,991

12,499

10,058

11,126

12,169

7,980

6,408

6,116

5,116

4,885

5,786

Commitments and contingencies (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value: Authorized shares - 50,000,000, Issued and outstanding shares - 27,678,521 in 2020 and 27,850,233 in 2019

277

279

279

280

284

285

288

291

290

295

295

301

300

301

303

302

304

305

306

308

308

303

302

306

310

305

304

303

300

292

292

289

289

285

285

294

292

290

290

290

290

Additional paid-in capital

230,135

226,869

221,629

218,080

214,173

210,296

206,790

201,373

197,607

195,346

191,352

188,663

182,999

179,512

174,450

166,363

163,726

160,855

152,700

150,812

147,445

130,107

126,516

123,688

119,852

107,726

102,465

98,915

86,393

64,644

62,971

54,104

52,212

42,212

12,552

35,231

30,668

24,300

22,130

20,259

16,631

Retained earnings

335,429

350,034

339,237

331,682

338,980

342,663

341,332

340,206

328,546

337,058

313,943

330,273

317,329

319,256

321,089

322,817

346,540

348,895

339,350

337,364

329,261

333,153

319,764

326,667

333,220

327,834

315,675

304,537

293,754

286,735

273,714

264,384

252,256

244,405

258,056

247,211

237,309

231,496

221,714

214,857

207,586

Stockholders' Equity Attributable to Parent

565,841

577,182

561,145

550,042

553,437

553,244

548,410

541,870

526,443

532,699

505,590

519,237

500,628

499,069

495,842

489,482

510,570

510,055

492,356

488,484

477,014

463,563

446,582

450,661

453,382

435,865

418,444

403,755

380,447

351,671

336,977

318,777

304,757

286,902

270,893

282,736

268,269

256,086

244,134

235,406

224,507

Total liabilities and shareholders' equity

1,066,236

990,878

980,633

936,557

885,577

760,215

743,141

711,292

690,207

692,622

669,168

659,687

635,868

641,291

641,513

644,427

689,053

699,932

698,665

709,360

715,387

539,309

529,945

532,489

534,567

506,269

490,802

468,192

446,206

399,187

386,618

370,776

364,760

341,151

374,813

382,979

368,102

348,796

341,813

330,497

316,730