XML 55 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 7 - Debt (Tables)
12 Months Ended
Dec. 31, 2013
Note 7 - Debt (Tables) [Line Items]  
Schedule of Debt [Table Text Block]

(in thousands)

 

December 31, 2013

   

December 31, 2012

 
   

Current

   

Long-Term

   

Current

   

Long-Term

 

Borrowings under Credit Facility

  $ -     $ 7,010     $ -     $ 5  

Revenue equipment installment notes; weighted average interest rate of 4.7% at December 31, 2013, and 5.2% December 31, 2012, due in monthly installments with final maturities at various dates ranging from January 2014 to June 2018, secured by related revenue equipment

    43,745       158,596       61,200       94,920  

Real estate note; interest rate of 2.4% and 2.7% at December 31, 2013 and 2012, respectively, due in monthly installments with fixed maturity at December 2018, secured by related real-estate

    217       3,693       2,328       -  

Other note payable, interest rate of 3.0% at December 31, 2013 and 2012, with fixed maturity at November 2016

    108       192       108       289  

Total debt

    44,070       169,491       63,636       95,214  

Principal portion of capital lease obligations, secured by related revenue equipment

    8,732       13,186       2,091       14,003  
                                 

Total debt and capital lease obligations

  $ 52,802     $ 182,677     $ 65,727     $ 109,217  
Schedule of Maturities of Long-term Debt [Table Text Block]
     

(in thousands)

 
 

2014

  $ 44,070  
 

2015

  $ 43,076  
 

2016

  $ 43,928  
 

2017

  $ 41,000  
 

2018

  $ 37,914  
 

Thereafter

  $ 3,573  
New Pricing [Member]
 
Note 7 - Debt (Tables) [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
Level  

Average Excess

Availability

 

Base Rate Loans

   

LIBOR Loans

   

L/C Fee

 

I

            > $75,000,000     .50 %     1.50 %     1.50 %

II

 

$75,000,000

  but   > $50,000,000     .75 %     1.75 %     1.75 %

III

 

$50,000,000

  but   > $25,000,000     1.00 %     2.00 %     2.00 %

IV

 

$25,000,000

              1.25 %     2.25 %     2.25 %
Prior Pricing [Member]
 
Note 7 - Debt (Tables) [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
Level  

Average Excess

Availability

     

Base Rate Loans

     

LIBOR Loans

 
I             > $70,000,000       1.25 %     2.25 %
II   $70,000,000   but   > $35,000,000       1.50 %     2.50 %
III   $35,000,000   but   > $20,000,000       1.75 %     2.75 %
IV   $20,000,000   but   > $10,000,000       2.00 %     3.00 %
V   $10,000,000                 2.25 %     3.25 %