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Note 2 - Liquidity
12 Months Ended
Dec. 31, 2013
Policy Text Block [Abstract]  
Liquidity Disclosure [Policy Text Block]

2.     LIQUIDITY


Our business requires significant capital investments over the short-term and the long-term. Recently, we have financed our capital requirements with borrowings under our Third Amended and Restated Credit Facility ("Credit Facility"), cash flows from operations, long-term operating leases, capital leases, secured installment notes with finance companies, and proceeds from the sale of our used revenue equipment in 2013 and 2012. Our primary sources of liquidity at December 31, 2013, were funds provided by operations, borrowings under our Credit Facility, borrowings from secured installment notes, capital leases, operating leases of revenue equipment, and cash and cash equivalents. We had positive working capital (total current assets less total current liabilities) of $14.1 million and a working capital deficit of $20.0 million at December 31, 2013 and 2012, respectively. Based on our expected financial condition, net capital expenditures, and results of operations and related net cash flows, we believe our working capital and sources of liquidity will be adequate to meet our current and projected needs for at least the next year.


We had $7.0 million of borrowings outstanding under the Credit Facility as of December 31, 2013, undrawn letters of credit outstanding of approximately $39.0 million, and available borrowing capacity of $44.1 million. We do not expect to experience material liquidity constraints in the foreseeable future or on a long-term basis, based on our anticipated financial condition, results of operations, cash flows, continued availability of our Credit Facility, secured installment notes, and other sources of financing that we expect will be available to us.