XML 89 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8

Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Note 9 - Income Taxes (Tables) [Line Items]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(in thousands)		2013				2012				2011
Federal, current		$	(816	)		$	(707	)		$	(198	)
Federal, deferred			7,560				6,897				(1,688	)
State, current			102				307				184
State, deferred			657				(162	)			(470	)
		$	7,503			$	6,335			$	(2,172	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(in thousands)		2013				2012				2011
Computed "expected" income tax expense		$	4,462			$	4,340			$	(5,754	)
State income taxes, net of federal income tax effect			421				409				(559	)
Per diem allowances			2,422				2,550				3,015
Tax contingency accruals			(496	)			(444	)			(70	)
Nondeductible goodwill impairment			-				-				2,275
Valuation allowance (release), net			684				(251	)			(708	)
Tax credits			(250	)			(407	)			(61	)
Other, net			260				138				(310	)
Actual income tax expense		$	7,503			$	6,335			$	(2,172	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(in thousands)		2013				2012
Deferred tax assets:
Insurance and claims		$	11,691			$	11,950
Net operating loss carryovers			13,681				16,978
Other			6,035				6,269
Valuation allowance			(983	)			(299	)
Total deferred tax assets			30,424				34,898
Deferred tax liabilities:
Property and equipment			(76,280	)			(76,748	)
Other			(4,793	)			(291	)
Prepaid expenses			(3,194	)			(3,054	)
Total net deferred tax liabilities			(84,267	)			(80,093	)
Net deferred tax liability		$	(53,843	)		$	(45,195	)

Summary of Income Tax Contingencies [Table Text Block]

		2013				2012				2011
Balance as of January 1,		$	1,563			$	1,979			$	2,133
Increases related to prior year tax positions			-				-				3
Decreases related to prior year positions			-				-				-
Increases related to current year tax positions			24				2				58
Decreases related to settlements with taxing authorities			-				-				-
Decreases related to lapsing of statute of limitations			(527	)			(418	)			(215	)
Balance as of December 31,		$	1,060			$	1,563			$	1,979

Valuation Allowance of Deferred Tax Assets [Member]

Note 9 - Income Taxes (Tables) [Line Items]

Summary of Valuation Allowance [Table Text Block]

Years ended December 31:		Beginning balance January 1,				Additional provisions to allowance				Write-offs and other deductions				Ending balance December 31,
2013		$	299			$	1,684			$	-			$	983
2012		$	550			$	-			$	(251)			$	299

X

- Details

Name:	cvti_Note9IncomeTaxesTablesLineItems
Namespace Prefix:	cvti_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Valuation Allowance

-URI http://asc.fasb.org/extlink&oid=6528051

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration