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Note 15 - Acquisition of Landair Holdings, Inc. (Tables) | 12 Months Ended
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Dec. 31, 2018
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
| December 31, 2018
(in thousands) |  |  |  |  |  |  |  |
Cash paid |  |  |  |  |  | $ | 106,700 |
Allocated to: |  |  |  |  |  |  |  |
Historical book value of Landair’s assets and liabilities |  | $ | 25,589 |  |  |  |  |
Adjustments to recognize assets and liabilities at acquisition-date fair value: |  |  |  |  |  |  |  |
Property, plant, and equipment |  |  | (7,450 | ) |  |  |  |
Other assets |  |  | (1,094 | ) |  |  |  |
Liabilities |  |  | (829 | ) |  |  |  |
Fair value of tangible net assets acquired |  |  |  |  |  |  | 16,216 |
Post-acquisition goodwill adjustments |  |  |  |  |  |  | (626 | )
Identifiable intangibles at acquisition-date fair value |  |  |  |  |  |  | 34,000 |
Debt paid at closing |  |  |  |  |  |  | 15,512 |
Excess of consideration transferred over the net amount of assets and liabilities recognized |  |  |  |  |  | $ | 41,598 |
Cash paid pursuant to Stock Purchase Agreement |  |  |  |  |  | $ | 106,700 |
Cash acquired included in historical book value of Landair assets and liabilities |  |  |  |  |  |  | (754 | )
Net purchase price |  |  |  |  |  | $ | 105,946 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | July 3, 2018 |
Cash and cash equivalents |  | $ | 754 |
Accounts receivable |  |  | 16,339 |
Driver advances and other receivables |  |  | 566 |
Inventory and supplies |  |  | 3 |
Prepaid expenses |  |  | 1,010 |
Assets held for sale |  |  | 128 |
Net property and equipment |  |  | 26,164 |
Other assets, net |  |  | 22 |
Other intangibles, net |  |  | 34,000 |
Total identifiable assets acquired |  |  | 78,986 |
Accounts payable |  |  | (5,475 | )
Accrued expenses |  |  | (5,015 | )
Insurance and claims accrual |  |  | (2,645 | )
Other short-term liabilities |  |  | (123 | )
Total liabilities assumed |  |  | (13,258 | )
Net identifiable assets acquired |  |  | 65,728 |
Goodwill |  |  | 40,972 |
Net assets acquired |  | $ | 106,700 |
Business Acquisition, Pro Forma Information [Table Text Block] |
(in thousands) |  | Year Ended |
|  | December 31, 2018 |
Total revenue |  | $ | 85,124 |
Net income |  | $ | 7,418 |
(in thousands) |  | Year Ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |
Total revenue |  | $ | 960,205 |  |  | $ | 825,850 |
Net income |  | $ | 45,387 |  |  | $ | 56,440 |
Basic net income per share |  | $ | 2.49 |  |  | $ | 3.09 |
Diluted net income per share |  | $ | 2.46 |  |  | $ | 3.07 |

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