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Note 12 - Acquisition of Lew Thompson & Son Trucking, Inc (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
|  | February 9, 2022 |
(in thousands) |  |  |  |
Cash paid pursuant to Stock Purchase Agreement |  | $ | 40,347 |
Cash acquired included in historical book value of AAT's assets and liabilities |  |  | (1,846 | )
Contingent consideration |  |  | 16,210 |
Net purchase price |  | $ | 54,711 |
Lew Thompson & Son Trucking, Inc. [Member] |
Notes Tables |
Business Acquisition, Pro Forma Information [Table Text Block] |
(in thousands) |  | Three months ended |  |  | Six months ended |
|  | June 30, 2023 |  |  | June 30, 2023 |
Total revenue |  | $ | 10,809 |  |  | $ | 10,809 |
Net income |  | $ | 1,878 |  |  | $ | 1,878 |
Lew Thompson & Son Trucking, Inc. [Member] |
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
|  | April 26, 2023 |
(in thousands) |  |  |  |
Cash paid pursuant to Stock Purchase Agreement |  | $ | 100,726 |
Cash acquired included in historical book value of LTST's assets and liabilities |  |  | (839 | )
Contingent consideration |  |  | 10,016 |
Net purchase price |  | $ | 109,903 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | April 26, 2023 |
Accounts receivable |  | $ | 5,135 |
Driver advances and other receivables |  |  | 794 |
Inventory and supplies |  |  | 1,015 |
Prepaid expenses |  |  | 561 |
Net property and equipment |  |  | 43,121 |
Other assets, net |  |  | 120 |
Other intangibles, net |  |  | 52,870 |
Total identifiable assets acquired |  |  | 103,616 |
Accounts payable |  |  | (565 | )
Accrued expenses |  |  | (1,322 | )
Current portion of operating lease obligations |  |  | (396 | )
Current portion of insurance and claims accrual |  |  | (56 | )
Long-term portion of operating lease obligations |  |  | (2,103 | )
Total liabilities assumed |  |  | (4,442 | )
Net identifiable assets acquired |  |  | 99,174 |
Goodwill |  |  | 10,729 |
Net assets acquired |  | $ | 109,903 |
Business Acquisition, Pro Forma Information [Table Text Block] |
(in thousands) |  | Three months ended |  |  | Six months ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Total revenue |  | $ | 279,421 |  |  | $ | 333,441 |  |  | $ | 562,485 |  |  | $ | 641,090 |
Net income |  | $ | 12,976 |  |  | $ | 26,430 |  |  | $ | 31,659 |  |  | $ | 50,500 |
Basic net income per share |  | $ | 1.00 |  |  | $ | 1.70 |  |  | $ | 2.41 |  |  | $ | 3.14 |
Diluted net income per share |  | $ | 0.96 |  |  | $ | 1.68 |  |  | $ | 2.30 |  |  | $ | 3.09 |

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