7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2006-12-31 2006-09-30 2005-09-30 2005-06-30 2005-03-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-06-30 2002-03-31 
      
    		                                                                  
      operating activities:
    		                                                                  
      net income from continuing operations
    		-23,757,000   -35,378,000 -34,198,000 -966,471,000 -88,794,000     42,942,000 52,133,000 55,430,000 42,686,000 38,197,000 30,503,000 30,677,000 16,714,000 15,133,000 16,993,000                                              
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                  
      depreciation and amortization
    		37,748,000 36,806,000 37,360,000 37,657,000 25,896,000 48,639,000 31,786,000 13,751,000 15,506,000 14,513,000 13,635,000 12,392,000 12,269,000 11,595,000 11,130,000 11,485,000 9,416,000 9,414,000 9,237,000 9,206,000 9,172,000 8,118,000 10,629,000 10,073,000 10,528,000 10,681,000 10,827,000 31,346,000 21,052,000 10,690,000 10,477,000 10,326,000 10,219,000 10,033,000 9,801,000 9,400,000 9,341,000 9,668,000 27,601,000 18,202,000 8,684,000 22,879,000 14,764,000 7,013,000 6,202,000 6,220,000 5,971,000 5,186,000 5,081,000 5,425,000 5,394,000 5,121,000 2,400,000 2,083,000 2,815,000 1,969,000 1,853,000 1,693,000 1,696,000 1,699,000 1,823,000 1,888,000 1,775,000 1,777,000 1,880,000 1,886,000 
      impairment of goodwill
    		   -79,068,000 14,751,000                                                              
      share-based compensation expense
    		3,380,000 4,711,000 2,958,000 2,100,000 2,901,000 3,620,000 1,567,000 2,143,000 3,043,000 3,160,000 3,149,000 2,633,000 2,676,000 3,306,000 2,761,000 2,734,000 2,601,000 2,981,000 2,597,000                                                
      benefit from revenue adjustments
    		682,000 990,000 647,000 874,000 602,000 1,121,000 1,038,000 -3,220,000 2,782,000 3,372,000 2,157,000 4,045,000 4,368,000 1,630,000 1,304,000 2,439,000 1,979,000 1,748,000 1,777,000 1,779,000 1,185,000 746,000 1,041,000 1,099,000 963,000 740,000 540,000 2,921,000 1,829,000 817,000 924,000 663,000 750,000 718,000 450,000 365,000 406,000 799,000 3,391,000 1,842,000 907,000 1,896,000 1,250,000 641,000 826,000 579,000 627,000 499,000 586,000 490,000 500,000 427,000 524,000 488,000   -15,000          
      deferred income tax benefit
    		4,202,000                                                                  
      other
    		-3,461,000 10,673,000 3,799,000 10,621,000 -2,173,000 2,300,000 4,169,000 -2,144,000 1,396,000 -132,000 -300,000 -619,000 -966,000 1,251,000 132,000 670,000 217,000 97,000 92,000        -6,000 -356,000 -347,000 -91,000 -150,000 -585,000 383,000 129,000 337,000 -72,000 -623,000 22,000 -101,000 -68,000 -135,000 53,000 -193,000 -60,000 -18,000 -51,000 -4,000 -56,000 4,000 80,000 -41,000 -306,000 -16,000 55,000 -95,000 -2,000 -15,000 1,247,000 -26,000 -58,000 30,000 43,000 44,000 -4,000 20,000 4,000 
      changes in operating assets and liabilities, net of effects from the purchase of acquired businesses:
    		                                                                  
      accounts receivable
    		1,054,000 4,200,000 -21,145,000 43,596,000 8,215,000 -21,770,000 -20,495,000 11,681,000 -19,425,000 21,630,000 16,669,000 24,044,000 -6,421,000 -6,473,000 -30,278,000 -3,598,000 1,932,000 -22,995,000 -28,023,000 -5,303,000 -23,415,000 -3,123,000 6,102,000 6,265,000 -3,939,000 -4,834,000 4,567,000 -3,386,000 -6,732,000 805,000 -11,891,000 -10,759,000 -8,047,000 -611,000 -1,715,000 -6,716,000 -5,529,000 4,245,000 866,000 -4,887,000 -2,332,000 -15,875,000 -12,727,000 -8,493,000 5,709,000 -7,458,000 1,185,000 2,011,000 -943,000 -426,000 -2,682,000 -2,491,000  -5,645,000 -6,366,000 -4,361,000 2,478,000 -3,932,000 -1,361,000 -1,011,000       
      other receivables
    		-582,000 743,000 -434,000 3,518,000 628,000 164,000 5,367,000     0 1,004,000 3,484,000 3,609,000 6,121,000 -727,000 -152,000 -13,339,000                                                
      other current and noncurrent assets
    		-5,337,000 8,952,000 767,000 3,130,000 38,422,000 -49,533,000 -7,104,000 26,476,000 -6,916,000 -299,000 11,422,000 -19,686,000 2,825,000 -9,900,000 13,818,000  1,452,000 -339,000 7,085,000                                                
      accounts payable and accrued expenses
    		38,785,000 -57,995,000 67,646,000 -73,941,000 29,662,000 10,560,000 17,802,000  24,174,000 1,053,000 -18,964,000    15,975,000  -3,470,000 1,721,000 21,326,000  12,843,000 11,040,000 -3,406,000 -5,390,000 8,483,000 10,203,000 -4,596,000 12,991,000 4,375,000 87,000 3,649,000 1,776,000 -4,617,000 8,137,000 3,644,000 1,329,000 -3,916,000 -2,470,000 -14,562,000 -10,908,000 -9,589,000 7,767,000 7,180,000 2,416,000 64,000 6,515,000 -6,219,000 2,228,000 4,821,000 -5,000 -12,939,000 4,646,000  4,957,000 4,008,000 4,168,000 -7,520,000 1,863,000 509,000 640,000       
      net cash from operating activities of continuing operations
    		52,714,000   -23,245,000 51,154,000 -45,205,000 -51,719,000     62,276,000 83,994,000 50,334,000 62,486,000 42,144,000 43,091,000 22,748,000 16,913,000 15,612,000 20,564,000                                              
      investing activities:
    		                                                                  
      proceeds from sale of property and equipment
    		294,000 804,000 691,000 2,644,000 1,087,000 557,000 849,000 466,000 104,000 1,356,000 1,815,000 949,000 656,000 256,000 511,000 304,000 1,025,000 649,000 665,000                                                
      purchases of property and equipment
    		-4,115,000 -4,744,000 -11,906,000 -7,250,000 -10,414,000 -14,426,000 -4,970,000 -7,307,000 -5,843,000 -10,786,000 -6,789,000 -15,328,000 -6,728,000 -8,765,000 -9,908,000 -16,094,000 -14,440,000 -5,880,000 -2,695,000 -3,829,000 -2,225,000 -11,042,000 -3,172,000 -1,107,000 -10,504,000 -12,508,000 -4,090,000 -34,344,000 -17,606,000 -6,221,000 -24,655,000 -8,948,000 -2,010,000 -2,652,000 -13,461,000 -12,685,000 -13,352,000 -2,688,000 -18,541,000 -11,962,000 -5,229,000 -37,101,000 -33,420,000 -19,548,000 -2,173,000 -5,272,000 -15,812,000 -12,182,000 -854,000 -2,181,000 -5,220,000 -13,098,000  -4,724,000 -5,414,000 -2,059,000 -55,000 -1,735,000 -336,000 -2,958,000 -359,000 -475,000 -1,490,000 -550,000 -1,886,000 -699,000 
      purchase of a business, net of cash acquired
    		    0 0 -1,565,242,000          -510,000 -7,543,000 -15,000,000                                                
      net cash from investing activities of continuing operations
    		-3,852,000   -15,708,000 -9,472,000 -13,954,000 -1,569,452,000     -40,051,000 -6,072,000 -48,942,000 -9,397,000 -52,603,000 -13,925,000 -12,774,000 -17,030,000 -10,551,000 -1,798,000                                              
      financing activities:
    		                                                                  
      repayments of finance lease obligations
    		-3,610,000 -4,945,000 -4,431,000 -3,086,000 -6,212,000 -4,565,000 -4,562,000 -2,564,000 -2,949,000 -1,869,000 -2,118,000 -1,845,000 -1,626,000 -1,513,000 -1,070,000 -978,000 -491,000 -487,000 -467,000                                                
      proceeds from credit facility
    		0 60,000,000 25,000,000     25,000,000 0 0 45,000,000                                                        
      payments on credit facility
    		0 -60,000,000 -25,000,000 -75,000,000 0 0 -80,000,000 -147,375,000 -375,000   -375,000 -40,375,000 -7,875,000 -375,000                                                    
      payment of debt issuance costs
    		   8,120,000 0 0 -60,591,000         -363,000                                                   
      payment of earn-out liability
    		   0 0 0 -12,247,000     0 0   0                                                   
      proceeds from common stock issued under employee stock purchase plan
    		0   398,000 -14,000   379,000 0   409,000 0   523,000 0    0    0   237,000                                       
      payment of minimum tax withholdings on share-based awards
    		-52,000 -107,000 -894,000 130,000 -211,000 -35,000 -1,326,000 -25,000 -23,000 0 -4,292,000 -37,000 0 -39,000 -3,254,000 -41,000 -242,000 -88,000 -2,744,000                                                
      net cash from financing activities of continuing operations
    		-3,662,000   5,562,000 -6,437,000 -4,231,000 -158,726,000                                                            
      effect of exchange rate changes on cash
    		-153,000 353,000 357,000 875,000 -607,000 651,000 94,000                                                            
      net increase in cash and cash equivalents and restricted cash and restricted cash equivalents from continuing operations
    		                                                                  
      cash from discontinued operation:
    		                                                                  
      net cash from operating activities of discontinued operations
    		                                                                  
      net increase in cash and cash equivalents, and restricted cash and restricted cash equivalents
    		                                                                  
      cash and cash equivalents, and restricted cash and restricted cash equivalents at beginning of period
    		0                                                                  
      cash and cash equivalents, and restricted cash and restricted cash equivalents at end of period
    		45,047,000                                                                  
      net decrease in cash and cash equivalents and restricted cash and restricted cash equivalents from continuing operations
    		                                                                  
      net decrease in cash and cash equivalents, and restricted cash and restricted cash equivalents
    		                                                                  
      net income
    		  -61,191,000                    8,375,000 24,167,000 22,195,000 22,330,000 18,407,000 64,366,000 42,038,000 17,741,000 35,373,000 18,155,000 19,550,000 14,243,000 12,706,000 11,931,000 -10,066,000 13,099,000 32,347,000 16,660,000 4,837,000 44,123,000 27,379,000 10,202,000 15,585,000 14,197,000 13,830,000 10,855,000 15,961,000 12,267,000 14,167,000 10,273,000 12,169,000 12,725,000 12,065,000 11,954,000 8,693,000 9,012,000 8,507,000 6,808,000 7,702,000 6,329,000 6,349,000 5,435,000 5,348,000 4,897,000 
      deferred income tax expense
    		  -2,792,000    2,945,000 -11,092,000 17,000 325,000 1,857,000 5,724,000 0 319,000 1,643,000    -505,000  -351,000 3,123,000 1,545,000  2,653,000 2,442,000 836,000                                        
      net cash from operating activities
    		  27,615,000      29,865,000 63,573,000 65,993,000            29,166,000 41,288,000 45,967,000 30,238,000 41,526,000 113,845,000 66,990,000 40,813,000 25,653,000 25,730,000 14,921,000 37,060,000 35,742,000 33,402,000 23,765,000 37,441,000 57,315,000 18,562,000 7,459,000 65,093,000 39,215,000 20,032,000 30,352,000 23,237,000 16,646,000 20,604,000 22,907,000 21,759,000 5,965,000 17,955,000 14,294,000 16,204,000 14,031,000 11,466,000 8,350,000 9,144,000 7,978,000 9,555,000 8,798,000 9,494,000 8,747,000 5,703,000 5,692,000 6,381,000 
      capex
    		  -11,906,000      -5,843,000 -10,786,000 -6,789,000            -3,172,000 -1,107,000 -10,504,000 -12,508,000 -4,090,000 -34,344,000 -17,606,000 -6,221,000 -24,655,000 -8,948,000 -2,010,000 -2,652,000 -13,461,000 -12,685,000 -13,352,000 -2,688,000 -18,541,000 -11,962,000 -5,229,000 -37,101,000 -33,420,000 -19,548,000 -2,173,000 -5,272,000 -15,812,000 -12,182,000 -854,000 -2,181,000 -5,220,000 -13,098,000 0 -4,724,000 -5,414,000 -2,059,000 -55,000 -1,735,000 -336,000 -2,958,000 -359,000 -475,000 -1,490,000 -550,000 -1,886,000 -699,000 
      free cash flows
    		  15,709,000      24,022,000 52,787,000 59,204,000            25,994,000 40,181,000 35,463,000 17,730,000 37,436,000 79,501,000 49,384,000 34,592,000 998,000 16,782,000 12,911,000 34,408,000 22,281,000 20,717,000 10,413,000 34,753,000 38,774,000 6,600,000 2,230,000 27,992,000 5,795,000 484,000 28,179,000 17,965,000 834,000 8,422,000 22,053,000 19,578,000 745,000 4,857,000 14,294,000 11,480,000 8,617,000 9,407,000 8,295,000 7,409,000 7,642,000 6,597,000 8,439,000 9,019,000 7,257,000 5,153,000 3,806,000 5,682,000 
      net cash from investing activities
    		  -11,239,000      -5,739,000 -9,566,000 -61,541,000            -58,353,000 86,000 -21,675,000 -38,637,000 -3,689,000 -32,448,000 -13,114,000 -5,668,000 -24,502,000 -9,375,000 -23,578,000 -1,733,000 -12,990,000 -22,162,000 -13,030,000 -4,211,000 -79,817,000 -73,782,000 -67,105,000 -119,814,000 -116,149,000 -102,527,000 -1,883,000 -4,706,000 -15,041,000 -57,293,000 -806,000 -1,970,000 -4,730,000 -13,199,000 -6,016,000 10,108,000 2,107,000 14,084,000 -320,000 1,514,000 -363,000 -6,007,000 -273,000 2,729,000 801,000 11,460,000 -1,207,000 -2,665,000 
      net cash from financing activities
    		  -5,325,000      -23,564,000 -67,754,000 -18,246,000            41,683,000 -11,449,000 -4,245,000 -18,989,000 -21,329,000 -56,379,000 -37,667,000 -26,303,000 -9,681,000 -14,022,000 4,412,000 -29,503,000 -25,553,000 -21,607,000 -27,093,000 -28,505,000 28,517,000 56,322,000 72,712,000 -48,073,000 -25,490,000 -3,828,000  -1,081,000 7,866,000 -3,863,000 -2,907,000 4,367,000 -1,800,000 5,840,000  -34,978,000 -24,175,000 -22,384,000 -3,096,000 -4,188,000 -1,098,000 262,000 1,354,000 732,000 330,000 22,000 -83,000 626,000 
      net increase in cash, cash equivalents, restricted cash and restricted cash equivalents
    		  11,408,000                                                                
      cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period
    		  105,266,000                                                                
      cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
    		  116,674,000                                                                
      adjustments to reconcile net income of continuing operations to net cash from operating activities of continuing operations:
    		                                                                  
      change in fair value of earn-out liability
    		           0 0 0 -294,000 -111,000 0 -337,000 -48,000 2,588,000 493,000 -2,108,000 -594,000 -923,000    -455,000                                       
      changes in operating assets and liabilities, net of effects from the purchase of acquired companies:
    		                                                                  
      purchase of businesses, net of cash acquired
    		                                                                  
      proceeds from long-term debt held in escrow
    		                                                                  
      proceeds from issuance of common stock upon stock option exercises
    		           0 0 0 206,000 143,000 -7,000 1,423,000 2,147,000                                                
      payments of dividends to shareholders
    		       -6,197,000 -6,198,000 -6,255,000 -6,345,000 -6,404,000 -6,467,000 -6,492,000 -6,502,000 -5,706,000                                                   
      repurchases and retirement of common stock
    		       0 -14,019,000 -29,301,000 -50,491,000 -14,997,000 -29,994,000 0 -17,780,000 0 -14,997,000                                                  
      contributions from subsidiary held for sale
    		                                                                  
      net increase in cash, cash equivalents and restricted cash equivalents from continuing operations
    		                                                                  
      adjustments to reconcile net income of continuing operations to net cash from operating activities of continuing operations
    		                                                                  
      deferred income tax (benefit) expense
    		    -33,552,000            -812,000                                                  
      net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents from continuing operations
    		    34,638,000 -62,739,000 -1,779,803,000                                                            
      net cash from operating activities of discontinued operation
    		    -1,137,000           2,267,000 0 0 -6,902,000                                                
      net cash from investing activities of discontinued operation
    		               0 0 0 8,020,000                                                
      net cash from financing activities of discontinued operation
    		               -2,267,000 0 0 -1,118,000                                                
      net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents
    		    33,501,000 -67,615,000 -1,779,803,000                                                            
      cash, cash equivalents and restricted cash equivalents at beginning of period of continuing operations
    		    0 0 1,952,073,000                                                            
      cash at beginning of period of discontinued operation
    		                                                                  
      less: cash at end of period of discontinued operation
    		                                                                  
      cash, cash equivalents, restricted cash and restricted cash equivalents at end of period of continuing operations
    		      172,270,000                                                            
      accounts payable, accrued expenses and other long-term liabilities
    		           -9,199,000 16,106,000                                                      
      net cash from investing activities of discontinued operations
    		                                                                  
      net cash from financing activities of discontinued operations
    		                                                                  
      net increase in cash, cash equivalents and restricted cash equivalents
    		                                                                  
      cash, cash equivalents, and restricted cash equivalents at beginning of period of continuing operations
    		                                                                  
      cash at beginning of period of discontinued operations
    		                                                                  
      net increase in cash, cash equivalents, and restricted cash equivalents
    		                                                                  
      less: cash at end of period of discontinued operations
    		                                                                  
      cash, cash equivalents, and restricted cash equivalents at end of period of continuing operations
    		                                                                  
      net income from operations
    		        9,288,000 19,951,000 36,368,000                                                        
      adjustments to reconcile net income from operations to net cash from operating activities
    		                                                                  
      net increase in cash and cash equivalents
    		        562,000 -13,747,000 -13,794,000 -1,024,000 -540,000 -14,244,000 24,314,000  1,086,000 26,448,000 -15,858,000                                       6,470,000 6,517,000 3,810,000 9,879,000 12,955,000 9,878,000 17,185,000 4,402,000 4,342,000 
      cash and cash equivalents at beginning of period
    		        0 0 45,822,000                                               0 0 83,539,000  0 0 33,642,000 0 19,364,000 
      cash and cash equivalents at end of period
    		        562,000 -13,747,000 32,028,000                                               6,470,000 6,517,000 87,349,000  12,955,000 9,878,000 50,827,000 4,402,000 23,706,000 
      non-cash transactions:
    		                                                                  
      equipment acquired under finance leases
    		        3,400,000                                                          
      purchases of a business, net of cash acquired
    		         -136,000 -56,567,000  0                                                      
      net increase in cash and cash equivalents of continuing operations
    		           -1,024,000 -540,000 -14,244,000 24,314,000  1,086,000 26,448,000 -15,858,000                                                
      cash and cash equivalents at beginning of period of continuing operations
    		           0 0 0 37,316,000 0 0 0 40,254,000                                                
      cash and cash equivalents at end of period of continuing operations
    		           -1,024,000 -540,000 -14,244,000 61,630,000 -14,614,000 1,086,000 26,448,000 24,396,000                                                
      net cash from financing activities from continuing operations
    		            -78,462,000 -15,636,000 -28,775,000  -28,080,000 16,474,000 -15,741,000  -56,692,000                                              
      prepaid expenses, other current assets and other assets
    		                                                                  
      proceeds from revolving credit facility
    		               150,000,000 0                                                  
      payments on revolving credit facility
    		                                                                  
      contributions from (distributions to) subsidiary held for sale
    		               2,267,000 0 0 1,118,000                                                
      net increase in cash of continuing operations
    		                   -2,736,000 -37,926,000                                              
      increase in cash and cash equivalents
    		                                                                  
      less: cash at beginning of period of discontinued operation
    		                                                                  
      payments of dividends to stockholders
    		                 -5,768,000 -5,797,000                                                
      changes in operating assets and liabilities, net of effects from the purchase of businesses:
    		                                                                  
      repurchases of common stock
    		                  -9,998,000                                                
      deferred income tax provision
    		                                                                  
      repayments of senior credit facility
    		                                                                  
      proceeds from senior credit facility
    		                   0 0 0 65,000,000 0 10,000,000      0 20,000,000 22,000,000 13,000,000                                 
      common stock issued under employee stock purchase plan
    		                   657,000 0   609,000 0    237,000  232,000 0   227,000 0   228,000 228,000  148,000 148,000  159,000 0   140,000 0    0 0   0    4,000     
      (distributions to) contributions from subsidiary held for sale
    		                   -3,743,000                                               
      share-based compensation
    		                    2,345,000 2,241,000 3,266,000 2,901,000 2,762,000 3,197,000 3,047,000 7,525,000 4,678,000 2,261,000 2,138,000 1,939,000 2,064,000 1,962,000 2,130,000 2,093,000 2,159,000 1,952,000 5,562,000 3,676,000 1,786,000 5,005,000 3,329,000 1,652,000 1,559,000 1,525,000 1,537,000 1,557,000 1,500,000 1,427,000 1,517,000 1,606,000 384,000 343,000             
      loss on disposal of property and equipment
    		                             82,000  194,000 19,000 488,000          16,000    85,000   -29,000 196,000               
      benefit from loss on receivables
    		                    -82,000     2,000 629,000  457,000 134,000 26,000    -10,000         42,000  -56,000 -11,000 301,000         186,000          
      changes in operating assets and liabilities
    		                                                                  
      prepaid expenses and other current assets
    		                    -485,000 -595,000 907,000  511,000 -7,683,000 2,699,000 -4,880,000 -3,639,000          -1,531,000 -3,210,000 2,618,000 -1,397,000 -2,429,000 7,048,000 1,360,000 515,000 -1,360,000 -730,000 298,000 1,499,000 -2,203,000 -925,000 290,000 797,000 738,000 -1,297,000 380,000          
      income taxes
    		                    1,767,000 -1,860,000 1,519,000 3,840,000 -374,000 -6,813,000 4,631,000 -3,193,000 -1,428,000 1,768,000                       -1,145,000 1,968,000 214,000 556,000 2,078,000 -2,663,000 -540,000 20,000       
      proceeds from disposal of property and equipment
    		                    427,000 238,000 750,000 1,193,000 829,000 865,000 407,000 5,989,000 4,839,000 644,000 943,000 158,000 549,000 790,000 134,000 695,000 945,000 155,000 1,200,000 623,000 582,000 1,582,000 462,000 79,000 308,000 617,000 884,000 164,000 44,000 131,000 531,000 205,000 390,000 75,000 35,000   2,000 -1,000 9,000 51,000    11,000 30,000 
      acquisition of business, net of cash acquired
    		                    0 0 -55,931,000 0 -12,000,000   -3,737,000   -640,000 0   0 -10,100,000 0 -1,700,000 -62,375,000 -62,375,000 -62,323,000 -84,348,000 -82,998,000 -82,998,000    -45,219,000                   
      payments of finance lease obligations
    		                    147,000 -340,000 -336,000 -418,000 -391,000 -69,000 -68,000                                        
      payments on senior credit facility
    		                                                                  
      payments on earn-out liability
    		                    0                                              
      proceeds from exercise of stock options
    		                       1,987,000 785,000 448,000 830,000 3,682,000 1,112,000  1,630,000 750,000 3,368,000 1,524,000 1,107,000 5,947,000 213,000 881,000 11,351,000 11,351,000 10,139,000 13,083,000 11,580,000 9,840,000 3,136,000 1,687,000 10,219,000 17,960,000 0 7,295,000 253,000 8,192,000 131,000 48,000 2,490,000 199,000 1,020,000 2,096,000 226,000 633,000 1,332,000 857,000 361,000 147,000 90,000 834,000 
      payments of cash dividends
    		                    -5,003,000 -5,037,000 -5,050,000 -5,073,000 -5,088,000 -5,144,000 -5,189,000 -13,213,000 -8,828,000 -4,413,000 -4,468,000 -4,502,000 -4,543,000 -4,539,000 -4,542,000 -3,653,000 -3,656,000 -3,678,000 -11,133,000 -7,433,000 -3,714,000 -11,141,000 -7,479,000 -3,733,000 -3,070,000 -3,057,000 -3,047,000 -2,967,000 -2,938,000 -2,937,000 -2,038,000 -2,034,000  -2,141,000 -1,904,000            
      repurchase of common stock
    		                    -29,989,000 0 -15,259,000 -8,298,000 -9,289,000 -24,436,000 -14,181,000 -44,985,000 -28,165,000 -19,993,000  -29,988,000 -1,999,000 -9,996,000  -9,995,000 -9,996,000 -9,995,000 -9,996,000   -39,972,000 -19,985,000           -33,002,000 -26,156,000 -18,784,000 -4,109,000 -6,277,000 -1,447,000 -363,000       
      cash settlement of share-based awards for tax withholdings
    		                    -158,000 -614,000 -2,672,000 0 -262,000 -49,000 -2,721,000 -1,872,000 -1,872,000 -1,823,000  0 -64,000 -1,635,000                                 
      cash from discontinued operations:
    		                                                                  
      cash from operating activities of discontinued operations
    		                    -3,418,000                                              
      cash from investing activities of discontinued operations
    		                    -172,000                                              
      cash from financing activities of discontinued operations
    		                    3,590,000                                              
      net increase in cash
    		                    -37,926,000 3,671,000 12,496,000 29,925,000 20,047,000 -27,388,000 16,508,000 25,018,000 16,209,000 8,842,000  2,333,000 -4,245,000 5,824,000  -10,367,000 -16,358,000 4,725,000 6,015,000 1,102,000 13,066,000    28,816,000 17,450,000 9,471,000 -40,552,000 19,194,000 24,156,000 -565,000 10,596,000 3,875,000 -8,666,000 -8,037,000 3,166,000 4,934,000          
      cash at beginning of period of continuing operations
    		                    0                                              
      cash at beginning of period of discontinued operations/held for sale
    		                                                                  
      less: cash at end of period of discontinued operations/held for sale
    		                                                                  
      cash at end of period of continuing operations
    		                    -37,926,000                                              
      forward air corporation
    		                                                                  
      consolidated statements of shareholders' equity
    		                                                                  
      balance at december 31, 2019
    		                    0 0 27,850,000                                            
      net income and comprehensive income
    		                                                                  
      dividends
    		                                                                  
      share repurchases
    		                    0 0 -268,000  0                                          
      vesting of previously non-vested shares
    		                    0 0 139,000  0                                          
      balance at march 31, 2020
    		                    0 0 27,679,000                                            
      balance at june 30, 2020
    		                    0                                              
      exercise of stock options
    		                        0                                          
      balance at september 30, 2020
    		                                                                  
      gain on disposal of property and equipment
    		                     47,000 -38,000 111,000 1,098,000          90,000 111,000 -3,000 93,000 -3,000 -33,000  -441,000 -112,000      59,000                  
      (distributions to) contributions from subsidiary
    		                                                                  
      adjustments to reconcile net income to net cash from operating activities
    		                                                                  
      (recovery of) benefit from loss on receivables
    		                      -180,000                                            
      cash at beginning of period
    		                      64,749,000  0 0 25,657,000 3,893,000 3,893,000 3,893,000  0 0 8,511,000  0 0 33,312,000 41,429,000 41,429,000 41,429,000 127,367,000 127,367,000 127,367,000  0 0 112,182,000  0 0 58,801,000  0 0 0 78,000          
      cash at end of period
    		                      77,245,000  20,047,000 -27,388,000 42,165,000 28,911,000 20,102,000 12,735,000  2,333,000 -4,245,000 14,335,000  -10,367,000 -16,358,000 38,037,000 47,444,000 42,531,000 54,495,000 24,573,000 24,943,000 41,044,000  17,450,000 9,471,000 71,630,000  24,156,000 -565,000 69,397,000  -8,666,000 -8,037,000 3,166,000 5,012,000          
      deferred income taxes
    		                                            3,919,000 -9,504,000 0 10,441,000 -417,000 1,023,000 2,241,000 -804,000  -1,503,000 -437,000 -120,000 -264,000 856,000 1,022,000 818,000 -2,984,000 547,000 594,000 495,000 515,000 431,000 
      prepaid expenses and other assets
    		                                                          -1,972,000 520,000       
      cash at beginning of year
    		                                                                  
      cash at end of year
    		                                                                  
      buildings
    		                                                                  
      equipment
    		                                                                  
      leasehold improvements
    		                                                                  
      benefit from loss (recovery) on receivables
    		                                235,000 22,000     463,000 83,000           1,000 110,000  95,000             
      balance at december 31, 2018
    		                        0                                          
      cash settlement of share-based awards for minimum tax withholdings
    		                        0          0 -14,000   -1,931,000 -1,926,000 -1,926,000 -1,083,000 -1,083,000 -1,081,000 0 0 0 -866,000 0 0 0 -386,000               
      balance at march 31, 2019
    		                        0                                          
      balance at june 30, 2019
    		                        0                                          
      balance at september 30, 2019
    		                                                                  
      the accompanying notes are an integral part of the financial statements.
    		                                                                  
      (gain) loss on disposal of property and equipment
    		                          -61,000 -14,000 -134,000            -149,000    14,000 -185,000                     
      impairment of goodwill, intangible and other assets
    		                                  0 0                               
      tax benefit for stock options exercised
    		                                                -31,000 -148,000 -2,000 -204,000               
      payments of debt and capital lease obligations
    		                           -228,000 -151,000 -74,000 -75,000 -282,000 -14,576,000 -27,857,000 -13,943,000 -13,942,000 -13,914,000 -13,969,000 -87,367,000 -73,263,000 -59,116,000 -9,662,000 -9,578,000 -9,491,000 -24,000 -48,000 -75,000 -20,228,000 -140,000 -139,000 -136,000 -136,000               
      benefit from (recovery) loss on receivables
    		                           -52,000             -19,000 -39,000 -85,000                        
      deferred income tax
    		                           6,676,000 4,494,000 3,713,000  -662,000 879,000 -85,000  -220,000 -4,150,000 5,031,000 5,546,000  3,045,000 1,729,000 1,573,000 132,000  1,722,000 2,086,000 850,000                   
      payments on line of credit
    		                                                     0             
      revenue
    		                                                                  
      expedited ltl
    		                           155,703,000                                       
      truckload premium services
    		                           45,941,000 45,186,000 41,785,000                                     
      pool distribution
    		                           39,180,000 36,835,000 37,823,000                                     
      intermodal
    		                           42,292,000 35,270,000 28,291,000                                     
      eliminations and other operations
    		                           -2,915,000 -2,043,000 -1,515,000                                     
      consolidated revenue
    		                           280,201,000 267,518,000 246,982,000                                     
      operating expenses
    		                           253,303,000 237,709,000 223,793,000                                     
      income from operations
    		                           26,898,000 29,809,000 23,189,000         2,517,000 2,284,000 4,000 2,517,000                         
      income tax expenses
    		                           8,453,000 10,041,000 8,638,000                                     
      diluted earnings per share
    		                           600 640 470                                     
      income statement:
    		                                                                  
      ltl revenue
    		                            152,270,000 140,598,000                                     
      other current assets
    		                             2,715,000  2,567,000 -6,131,000 2,153,000  14,879,000 -7,054,000 5,258,000                             
      changes in operating assets and liabilities, net of acquisition of business
    		                                                                  
      proceeds from term loan
    		                                      125,000,000 125,000,000 125,000,000                          
      purchase of common stock under repurchase program
    		                                                                  
      net decrease in cash
    		                                         -102,794,000 -102,424,000 -86,323,000                       
      excess tax benefit for stock options exercised
    		                                   -50,000 -49,000 -38,000 -2,365,000 -2,365,000 -2,329,000 -554,000 -907,000 -637,000  -337,000 -632,000 -2,238,000                   
      tangible assets:
    		                                                                  
      property and equipment
    		                               0 527,000 1,294,000            0 0 5,103,000                   
      total tangible assets
    		                               0 527,000 1,294,000            316,000 15,000 13,277,000                   
      intangible assets:
    		                                                                  
      non-compete agreements
    		                               0 1,011,000 139,000  119,000 0 20,000        0 0 470,000                   
      customer relationships
    		                               0 8,065,000 5,335,000  4,563,000 0 772,000        0 0 22,300,000                   
      goodwill
    		                               0 578,000 6,282,000  5,374,000 0 908,000        633,000 -89,000 44,528,000                   
      total intangible assets
    		                               0 9,654,000 11,756,000  10,056,000 0 1,700,000        633,000 -89,000 68,298,000                   
      total assets acquired
    		                               0 10,181,000 13,050,000  11,350,000 0 1,700,000        949,000 -74,000 81,575,000                   
      liabilities assumed:
    		                                                                  
      other liabilities
    		                               0 -660,000 1,250,000            0 -259,000 1,994,000                   
      debt and capital lease obligations
    		                               0                                   
      total liabilities assumed
    		                               0 -519,000 1,250,000            949,000 -183,000 36,356,000                   
      net assets acquired
    		                               0 10,700,000 11,800,000  10,100,000 0 1,700,000        0 109,000 45,219,000                   
      other assets
    		                                             0 0 728,000                   
      current liabilities
    		                                             949,000 76,000 3,808,000                   
      benefit from recovery on receivables
    		                                     -196,000                             
      gain on change in fair value of earn-out liability
    		                                                                  
      operating revenue
    		                                      21,100,000 18,072,000 10,803,000 21,100,000 18,072,000 10,803,000                       
      net income per share
    		                                                                  
      basic
    		                                      50 40  50 40            10            
      diluted
    		                                      50 40  50 40            10            
      deferred income (benefit) tax
    		                                       -498,000                           
      operating income
    		                                          2,284,000 4,000                       
      net cash provided (used in) by financing activities
    		                                                                  
      acquisition of businesses, net of cash acquired
    		                                             0                     
      trade name
    		                                             0 0 1,000,000                   
      debt
    		                                             0 0 20,113,000                   
      expected dividend yield
    		                                                 0 0 900               
      expected stock price volatility
    		                                                 0 0 46,600               
      weighted-average risk-free interest rate
    		                                                 0 0 800               
      expected life of options
    		                                                 0 0 4,200               
      weighted-average grant date fair value
    		                                                 0 0 13,000               
      impairment of goodwill and other intangible assets
    		                                                                  
      tax (benefit) expense for stock options exercised
    		                                                                  
      tax benefit (expense) for stock options exercised
    		                                                                  
      non-cash activity:
    		                                                                  
      unpaid capital expenditures included in accounts payable
    		                                                                  
      gain on sale of property and equipment
    		                                                           -7,000       
      tax benefit of stock options exercised
    		                                                    3,516,000 -126,000 1,334,000 353,000 235,000 1,782,000 33,000 59,000       
      changes in operating assets and liabilities:
    		                                                                  
      proceeds from sales or maturities of available-for-sale securities
    		                                                    35,425,000 79,501,000 -4,719,000 162,757,000 9,112,000    6,000 3,023,000 3,246,000 14,014,000 1,069,000 385,000 
      purchases of available-for-sale securities
    		                                                     -60,006,000 12,300,000 -136,678,000 -9,362,000 0 0 -3,000,000 -1,000 0 -999,000 -2,000,000 -421,000 -2,385,000 
      payments of capital lease obligations
    		                                                     -9,000 -9,000 -7,000 -7,000 -7,000 -7,000 -8,000 -6,000 -7,000 -6,000 -7,000 -119,000 -98,000 
      1.
    		                                                                  
      atlanta condemnation settlement gain
    		                                                      0            
      other non-cash charges
    		                                                      0 0 274,000          
      inventories
    		                                                      -48,000 -188,000 -28,000 12,000 43,000 9,000       
      deposits in escrow for construction of new terminals
    		                                                                  
      acquisition of business
    		                                                      0            
      proceeds from atlanta condemnation settlement/release of amounts held in escrow
    		                                                                  
      (payments) borrowings on line of credit
    		                                                                  
      cash paid for fractional shares in 3-for-2 stock split
    		                                                                  
      common stock repurchase liabilities included in accounts payable
    		                                                                  
      uncollected proceeds from disposal of property and equipment in accounts receivable
    		                                                    -2,000              
      borrowings under line of credit
    		                                                                  
      (gain) loss on sale of property and equipment
    		                                                                -27,000 72,000 
      proceeds from atlanta condemnation settlement
    		                                                      0            
      cash paid for fractional shares in stock split
    		                                                      0            
      net income, as reported
    		                                                      111,000            
      pro forma compensation expense, net of tax
    		                                                      2,082,000            
      pro forma net income
    		                                                      119,000            
      as reported net income per share:
    		                                                                  
      pro forma net income per share:
    		                                                                  
      loss on sale of property and equipment
    		                                                         -1,000    128,000     
      item 2.
    		                                                                  
      payments of long-term debt
    		                                                            -83,000 -122,000 -120,000 -118,000 -112,000 -110,000 
      operating activities
    		                                                                  
      loss on sale of investments
    		                                                                  
      loss on early extinguishment of debt
    		                                                                  
      benefit from losses on receivables
    		                                                                  
      changes in operating assets and liabilities, net of effects from acquisition of business:
    		                                                                  
      investing activities
    		                                                                  
      financing activities
    		                                                                  
      cash and cash equivalents at beginning of year
    		                                                                  
      cash and cash equivalents at end of year
    		                                                                  
      proceeds in escrow resulting from condemnation of atlanta terminal
    		                                                                  
      changes in operating assets and liabilities, net of effects from acquisition of businesses:
    		                                                                  
      acquisition of businesses
    		                                                                  
      proceeds from long-term debt
    		                                                                  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.