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Note 1 - Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Notes Tables

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

		Three Months Ended June 30, 2018
Financial Statement Line Item (in thousands)		As reported				Adjustments				Balances without adoption of Topic 606
Consolidated Balance S heet
Accounts receivable, net of allowances		$	103,053			$	(1,325	)		$	101,728
Total assets			729,826				(1,325	)			728,501
Accrued expenses			29,420				(140	)			29,280
Deferred income taxes			70,552				(326	)			70,226
Total liabilities			416,275				(466	)			415,809
Retained earnings			172,450				(859	)			171,591
Total stockholders’ equity			313,551				(859	)			312,692
Total liabilities and stockholders’ equity			729,826				(1,325	)			728,501
Consolidated Statement of Operations
Freight revenue			170,635				(34	)			170,601
Total revenue			196,318				(34	)			196,284
Salaries, wages and related expenses			64,633				(1	)			64,632
Revenue equipment rentals and purchased transportation			37,388				60				37,448
Total operating expenses			182,253				59				182,312
Income tax expense			3,928				(25	)			3,903
Net income			9,971				(68	)			9,903
Consolidated Statement of Comprehensive Income
Net income			9,971				(68	)			9,903
Comprehensive income			10,551				(68	)			10,483
Consolidated Statement of Cash Flows
Operating Cash Flows
Net income			9,971				(68	)			9,903
Deferred income tax expense			4,805				(25	)			4,780
Change in: Receivables and advances			(1,174	)			34				(1,140	)
Change in: Accounts payable and accrued expenses			5,881				59				5,940
Net cash flows provided by operating activities			25,936				-				25,936

		Six Months Ended June 30, 2018
Financial Statement Line Item (in thousands)		As reported				Adjustments				Balances without adoption of Topic 606
Consolidated Balance S heet
Accounts receivable, net of allowances		$	103,053			$	(1,325	)		$	101,728
Total assets			729,826				(1,325	)			728,501
Accrued expenses			29,420				(140	)			29,280
Deferred income taxes			70,552				(326	)			70,226
Total liabilities			416,275				(466	)			415,809
Retained earnings			172,450				(859	)			171,591
Total stockholders’ equity			313,551				(859	)			312,692
Total liabilities and stockholders’ equity			729,826				(1,325	)			728,501
Consolidated Statement of Operations
Freight revenue			321,097				(315	)			320,782
Total revenue			369,884				(315	)			369,569
Salaries, wages and related expenses			125,253				14				125,267
Revenue equipment rentals and purchased transportation			68,079				41				68,120
Total operating expenses			349,394				55				349,449
Income tax expense			5,467				(101	)			5,366
Net income			14,388				(269	)			14,119
Consolidated Statement of Comprehensive Income
Net income			14,388				(269	)			14,119
Comprehensive income			15,639				(269	)			15,370
Consolidated Statement of Cash Flows
Operating Cash Flows
Net income			14,388				(269	)			14,119
Deferred income tax expense			6,495				(101	)			6,394
Change in: Receivables and advances			11,821				315				12,136
Change in: Accounts payable and accrued expenses			1,635				55				1,690
Net cash flows provided by operating activities			62,632				-				62,632

Disaggregation of Revenue [Table Text Block]

(in thousands)		Three Months ended June 30,								Six Months ended June 30,
		2018				2017				2018				2017
Total Revenues:
Truckload: Covenant Transport		$	105,648			$	89,444			$	201,361			$	177,287
Truckload: SRT			45,594				41,823				86,297				82,523
Truckload: Star Transportation			19,469				16,364				37,601				33,446
Managed Freight			25,607				16,695				44,625				29,814
Total		$	196,318			$	164,326			$	369,884			$	323,070

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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