Universal Truckload Services, Inc. | 2013 | FY | 3

The effects of the retroactive restatement of the Company’s 2011 financial statements using the guidance for transactions between entities under common control as described in ASC Topic 805 – “Business Combinations” are summarized below (in thousands, except per share data):

 

     Year ended
December 31,
2011		  

Total operating revenues:

   

Universal, as previously reported on Form 10-K for the year ended December 31, 2011

    $ 699,771   

LINC

      290,929   

Elimination of intercompany transactions

      (28 ) 
  

 

 

  

Universal, as restated

    $ 990,672   
  

 

 

  

Net income:

   

Universal, as previously reported on Form 10-K for the year ended December 31, 2011

    $ 15,813   

LINC

      35,633   
  

 

 

  

Universal, as restated

    $ 51,446   
  

 

 

  

Earnings per common share:

   

Basic:

   

Universal, as previously reported on Form 10-K for the year ended December 31, 2011

    $ 1.01   

Universal, as restated

    $ 1.71   

Diluted:

   

Universal, as previously reported on Form 10-K for the year ended December 31, 2011

    $ 1.01   

Universal, as restated

    $ 1.71   

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