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Acquisition of Gordon Trucking, Inc. (Tables) | 12 Months Ended
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Dec. 31, 2015
Acquisition of Gordon Trucking, Inc. [Abstract] |
Business Acquisition, Pro Forma Information [Table Text Block] | The following unaudited pro forma consolidated results of operations for the year ended December 31, 2013 assume that the acquisition of GTI occurred as of January 1, 2013.
|  | Year ended
|  | December 31, 2013 |
|  | (in thousands)
Operating revenue |  | $ | 961,525 |
Net income |  | 90,821 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The assets and liabilities associated with GTI were recorded at their fair values as of the acquisition date and the amounts are as follows:
ALLOCATION OF PURCHASE PRICE | (in thousands)
Cash and cash equivalents | $ | 21,485 |
Accounts receivable | 45,679 |
Other current assets | 14,371 |
Property and equipment | 189,409 |
Other non-current assets | 3,916 |
Intangible assets | 19,042 |
Goodwill | 95,371 |
Total assets | 389,273 |
Accounts payable and accrued expenses | (30,665 | )
Insurance accruals | (23,821 | )
Long-term debt | (147,942 | )
Contingent consideration | (13,618 | )
Other accruals | (1,227 | )
Total consideration transferred | $ | 172,000 |
Total Purchase Price Consideration [Table Text Block] |
TOTAL PURCHASE PRICE CONSIDERATION | (in thousands)
Cash paid pursuant to Stock Purchase Agreement | $ | 115,900 |
Cash paid pursuant to an Asset Purchase Agreement | 15,000 |
Common stock issued (par value of $0.01) | $ | 41,100 |
Consideration transferred at closing | $ | 172,000 |
Cash acquired included in historical book value of GTI assets and liabilities | (20,000 | )
Debt assumption | 148,000 |
| $ | 300,000 |
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block] | The total potential earn-out is $20.0 million with maximum amounts payable each year as follows:
| (in thousands)
2014 |  | $ | 6,000 |
2015 |  | 6,000 |
2016-2017 |  | 8,000 |
| $ | 20,000 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the equity interest issued or issuable in a business acquisition (or series of individually immaterial business acquisitions) planned, initiated, or completed during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(4) -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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