XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows provided by operating activities:    
Net income $ 17,535 $ 44,376
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 56,733 58,957
Tires in service amortization 3,543 3,584
Gain on disposition of revenue equipment (3,703) (8,796)
Deferred income taxes 1,476 (4,304)
Share-based payment arrangement compensation expense 1,364 1,359
Changes in other current operating items:    
Receivables 9,185 13,087
Prepaid expenses and other (5,675) (3,633)
Accounts payable 2,885 (1,450)
Insurance and claims accruals (2,721) 1,918
Accrued and other current liabilities 921 (6,897)
Net cash provided by operating activities 81,543 98,201
Cash flows used for investing activities:    
Other (49) (45)
Net cash used for investing activities (48,025) (88,639)
Cash flows used for financing activities:    
Dividends on common stock (9,765) (9,752)
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards 615 1,044
Employee taxes paid in exchange for shares withheld (382) (926)
Net cash used for financing activities (9,532) (9,634)
Net change in cash and cash equivalents 23,986 (72)
Beginning of period 53,213 80,600
Cash and cash equivalents: 77,199 80,528
Supplemental non-cash disclosure:    
Change in property and equipment not yet paid 3,109 5,870
Operating lease assets and liabilities acquired 88 0
Cash paid for income taxes 2,362 6,809
Revenue Equipment [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of revenue equipment (3,703) (8,796)
Cash flows used for investing activities:    
Revenue equipment additions (91,884) (118,294)
Proceeds from revenue equipment dispositions 47,658 34,000
Buildings And Land Office Equipment And Other [Member]    
Cash flows used for investing activities:    
Revenue equipment additions (3,758) (4,311)
Proceeds from revenue equipment dispositions $ 8 $ 11