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Note 1 - Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

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

		Three Months Ended September 30, 2018
Financial Statement Line Item (in thousands)		As reported				Adjustments				Balances without adoption of Topic 606
Consolidated Balance Sheet
Accounts receivable, net of allowances		$	134,957			$	(1,276	)		$	133,681
Total assets			747,482				(1,276	)			746,206
Accrued expenses			47,797				(236	)			47,561
Deferred income taxes			73,347				(286	)			73,061
Total liabilities			421,332				(522	)			420,810
Retained earnings			184,064				(754	)			183,310
Total stockholders’ equity			326,150				(754	)			325,396
Total liabilities and stockholders’ equity			747,482				(1,276	)			746,206
Consolidated Statement of Operations
Freight revenue			214,623				49				214,672
Total revenue			243,303				49				243,352
Salaries, wages and related expenses			86,249				(1	)			86,248
Revenue equipment rentals and purchased transportation			47,445				(95	)			47,350
Total operating expenses			227,122				(96	)			227,026
Income tax expense			4,249				40				4,289
Net income			11,614				105				11,719
Consolidated Statement of Comprehensive Income
Net income			11,614				105				11,719
Comprehensive income			11,558				105				11,663
Consolidated Statement of Cash Flows
Operating Cash Flows
Net income			11,614				105				11,719
Deferred income tax expense			2,676				40				2,716
Change in: Receivables and advances			(16,537	)			(49	)			(16,586	)
Change in: Accounts payable and accrued expenses			16,087				(96	)			15,991
Net cash flows provided by operating activities			38,981				-				38,981

		Nine Months Ended September 30, 2018
Financial Statement Line Item (in thousands)		As reported				Adjustments				Balances without adoption of Topic 606
Consolidated Balance Sheet
Accounts receivable, net of allowances		$	134,957			$	(1,276	)		$	133,681
Total assets			747,482				(1,276	)			746,206
Accrued expenses			47,797				(236	)			47,561
Deferred income taxes			73,347				(286	)			73,061
Total liabilities			421,332				(522	)			420,810
Retained earnings			184,064				(754	)			183,310
Total stockholders’ equity			326,150				(754	)			325,396
Total liabilities and stockholders’ equity			747,482				(1,276	)			746,206
Consolidated Statement of Operations
Freight revenue			535,721				(266	)			535,455
Total revenue			613,187				(266	)			612,921
Salaries, wages and related expenses			211,621				13				211,634
Revenue equipment rentals and purchased transportation			115,525				(54	)			115,471
Total operating expenses			576,516				(41	)			576,475
Income tax expense			9,716				(62	)			9,654
Net income			26,002				(164	)			25,838
Consolidated Statement of Comprehensive Income
Net income			26,002				(163	)			25,838
Comprehensive income			27,196				(163	)			27,032
Consolidated Statement of Cash Flows
Operating Cash Flows
Net income			26,002				(163	)			25,838
Deferred income tax expense			9,172				(62	)			9,110
Change in: Receivables and advances			(4,717	)			266				(4,451	)
Change in: Accounts payable and accrued expenses			17,723				(41	)			17,682
Net cash flows provided by operating activities			101,613				-				101,612

Disaggregation of Revenue [Table Text Block]

(in thousands)		Three Months ended September 30,								Nine Months ended September 30,
		2018				2017				2018				2017
Total Revenues:
Truckload: Covenant Transport		$	108,223			$	95,100			$	309,583			$	272,387
Truckload: SRT			47,866				41,382				134,163				123,905
Truckload: Star Transportation			19,887				16,584				57,489				50,030
Truckload: Landair			21,077				-				21,077				-
Managed Freight			46,250				25,565				90,875				55,379
Total		$	243,303			$	178,631			$	613,187			$	501,701

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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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