XML 78 R64.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 8 - Debt (Details Textual) - USD ($) $ in Thousands |  |  | 3 Months Ended | 9 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Oct. 23, 2020 | Sep. 23, 2020 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Sep. 23, 2021 | Sep. 30, 2020 | Aug. 31, 2015
Letters of Credit Outstanding, Amount |  |  |  |  |  | $ 23,900 | $ 26,400 |  |  |
Repayments of Lines of Credit |  |  |  |  |  | $ 60,226 | $ 695,513 |  |  |
Transport Financial Services [Member] | Discontinued Operations, Disposed of by Sale [Member] |  |  |  |  |  |  |  |  |  |
Discontinued Operation, Amount of Continuing Cash Flows after Disposal |  |  |  | $ (35,600) |  |  |  |  |  |
Interest Rate Swap [Member] |  |  |  |  |  |  |  |  |  |
Derivative, Fixed Interest Rate |  |  |  |  |  |  |  |  |  | 4.20%
Variable Rate Note [Member] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Face Amount |  |  |  |  |  |  |  |  |  | $ 28,000
Lenders [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.25% |  |  |  |  |  |  |  |  |
Percent of Eligible Accounts Receivable |  |  |  |  |  | 87.50% |  |  |  |
Percent of Appraised Net Orderly Liquidation, Value of Eligible Revenue Equipment |  |  |  |  |  | 85.00% |  |  |  |
Percent of Net Book Value of Eligible Revenue Equipment |  |  |  |  |  | 100.00% |  |  |  |
Line of Credit Facility, Availability as Percentage of Revolver Commitment |  |  |  |  |  | 60.00% |  |  |  |
Line of Credit Facility, Revolver Commitment, Amount |  |  |  |  |  | $ 65,000 |  |  |  |
Long-Term Line of Credit, Total |  |  |  |  |  | 0 |  |  |  |
Letters of Credit Outstanding, Amount |  |  |  |  |  | 23,900 |  |  |  |
Line of Credit Facility, Remaining Borrowing Capacity |  |  |  |  |  | 86,100 |  |  |  |
Fixed Charge Coverage Requirement |  |  |  |  |  | 0 |  |  |  |
Debt, Secured with a Cross Default Feature |  |  |  |  |  | 83,400 |  |  |  |
Lenders [Member] | Federal Funds Rate [Member] | Base Rate Loans [Member] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  |  | 0.50% |  |  |  |  |
Lenders [Member] | Applicable Margin [Member] | Base Rate Loans [Member] | Minimum [Member] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 0.25% |  |  |  |  |  |  |  |  |
Lenders [Member] | Applicable Margin [Member] | Base Rate Loans [Member] | Maximum [Member] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 0.75% |  |  |  |  |  |  |  |  |
Lenders [Member] | Applicable Margin [Member] | LIBOR Loans [Member] | Minimum [Member] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 1.25% |  |  |  |  |  |  |  |  |
Lenders [Member] | Applicable Margin [Member] | LIBOR Loans [Member] | Maximum [Member] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 1.75% |  |  |  |  |  |  |  |  |
Lenders [Member] | Revolving Credit Facility [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | $ 110,000 |  |  |  |  |  |  |  |  |
Line of Credit Facility, Maximum Increase in Borrowing Capacity | 75,000 |  |  |  |  |  |  |  |  |
Lenders [Member] | Letter of Credit [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | 105,000 |  |  |  |  |  |  |  |  |
Line of Credit Facility, Borrowing Capacity, Percentage of Aggregate Commitments | $ 10,000 |  |  |  |  |  |  |  |  |
Lenders [Member] | Swing Line Sub Facility [Member] |  |  |  |  |  |  |  |  |  |
Percent of Aggregate Commitments under Credit Facility | 10.00% |  |  |  |  |  |  |  |  |
TBK Bank [Member] | Draw Note [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  |  |  |  |  |  |  |  | $ 45,000 |
Debt Instrument, Collateral Amount |  |  |  |  |  |  |  | $ 60,000 |  |
Repayments of Lines of Credit |  |  | $ 31,000 |  |  |  |  |  |  |
Long-term Debt, Total |  |  |  |  |  | $ 0 |  |  |  |
TBK Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Draw Note [Member] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 1.50% |  |  |  |  |  |  |  |
TBK Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Draw Note [Member] | Minimum [Member] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 0.25% |  |  |  |  |  |  |  |

X
- Definition Debt secured with a cross default feature. + References No definition available. + Details
Name: | cvlg_DebtSecuredWithACrossDefaultFeature
Namespace Prefix: | cvlg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the fixed charge coverage requirement. + References No definition available. + Details
Name: | cvlg_FixedChargeCoverageRequirement
Namespace Prefix: | cvlg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The availability of line of credit facility as percentage of the revolver commitment. + References No definition available. + Details
Name: | cvlg_LineOfCreditFacilityAvailabilityAsPercentageOfRevolverCommitment
Namespace Prefix: | cvlg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents percentage of aggregate commitments as borrowing capacity. + References No definition available. + Details
Name: | cvlg_LineOfCreditFacilityBorrowingCapacityPercentageOfAggretaeCommitments
Namespace Prefix: | cvlg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line of credit facility's maximum increase in borrowing capacity as long as no event of default exists. + References No definition available. + Details
Name: | cvlg_LineOfCreditFacilityMaximumIncreaseInBorrowingCapacity
Namespace Prefix: | cvlg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The revolver commitment amount. + References No definition available. + Details
Name: | cvlg_LineOfCreditFacilityRevolverCommitmentAmount
Namespace Prefix: | cvlg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The percent of the lenders' aggregate commitments under the credit facility. + References No definition available. + Details
Name: | cvlg_PercentOfAggregateCommitmentsUnderCreditFacility
Namespace Prefix: | cvlg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percent of appraised net orderly liquidation value of eligible revenue equipment used in the calculation of borrowing base. + References No definition available. + Details
Name: | cvlg_PercentOfAppraisedNetOrderlyLiquidationValueOfEligibleRevenueEquipment
Namespace Prefix: | cvlg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percent of the eligible accounts receivable used in the calculation of borrowing base. + References No definition available. + Details
Name: | cvlg_PercentOfEligibleAccountsReceivable
Namespace Prefix: | cvlg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percent of net book value of eligible revenue equipment used in the calculation of borrowing base. + References No definition available. + Details
Name: | cvlg_PercentOfNetBookValueOfEligibleRevenueEquipment
Namespace Prefix: | cvlg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of assets pledged to secure a debt instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentCollateralAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of cash inflow (outflow) from (to) the discontinued operation after the disposal transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 + Details
Name: | us-gaap_DiscontinuedOperationAmountOfContinuingCashFlowsAfterDisposal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3291-108585 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_RepaymentsOfLinesOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=cvlg_TransportFinancialServicesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DisposalGroupClassificationAxis=us-gaap_DiscontinuedOperationsDisposedOfBySaleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cvlg_VariableRateNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=cvlg_LendersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=cvlg_FederalFundsRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cvlg_BaseRateLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=cvlg_ApplicableMarginMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cvlg_LIBORLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=cvlg_SwingLineSubFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=cvlg_TBKBankMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cvlg_DrawNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |