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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 26,002 $ 6,141
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for losses on accounts receivable 168 241
Reversal of gain on sales to equity method investee (185) (153)
Depreciation, Depletion and Amortization, Nonproduction, Total 56,370 54,489
Amortization of deferred financing fees 111 206
Deferred income tax expense 9,172 16,437
Income tax benefit arising from restricted share vesting 19 96
Stock-based compensation expense 3,243 896
Equity in income of affiliate (5,407) (2,575)
Return on investment in affiliated company 1,960
Loss on disposition of property and equipment 433 3,217
Loss on investment in available-for-sale securities (6)
Changes in operating assets and liabilities:    
Receivables and advances (4,717) (19,975)
Prepaid expenses and other assets (2,763) 1,439
Inventory and supplies (102) (69)
Insurance and claims accrual 1,553 837
Accounts payable and accrued expenses 17,723 (400)
Net cash flows provided by operating activities 101,614 62,787
Cash flows from investing activities:    
Acquisition of Landair Holdings, Inc., net of cash acquired (106,060)
Purchase of available-for-sale securities (1,496)
Acquisition of property and equipment (44,528) (89,917)
Proceeds from disposition of property and equipment 49,302 32,739
Net cash flows used in investing activities (102,782) (57,178)
Cash flows from financing activities:    
Change in checks outstanding in excess of bank balances 605 1,325
Proceeds from issuance of notes payable 83,746 110,762
Repayments of notes payable (73,376) (101,717)
Repayments of capital lease obligations (2,608) (6,689)
Proceeds under revolving credit facility 1,153,310 930,161
Repayments under revolving credit facility (1,156,162) (938,667)
Payment of minimum tax withholdings on stock compensation (81) (257)
Debt refinancing costs (10)
Net cash provided by (used in) financing activities 5,424 (5,082)
Net change in cash and cash equivalents 4,256 527
Cash and cash equivalents at beginning of period 15,356 7,750
Cash and cash equivalents at end of period 19,612 8,277
Supplemental disclosure of cash flow information:    
Equipment purchased under capital leases $ 16,820 $ 9,953