XML 47 R35.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Note 13 - Acquisition of Lew Thompson & Son Trucking, Inc (Tables) - Lew Thompson & Son Trucking, Inc. [Member]

3 Months Ended

Mar. 31, 2024

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

		April 26, 2023
(in thousands)
Cash paid pursuant to Stock Purchase Agreement		$	105,282
Cash acquired included in historical book value of LTST's assets and liabilities			(839	)
Contingent consideration			10,016
Net purchase price		$	114,459

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

		April 26, 2023
Accounts receivable		$	5,100
Driver advances and other receivables			98
Inventory and supplies			1,015
Prepaid expenses			561
Net property and equipment			42,277
Other assets, net			120
Other intangibles, net			52,870
Total identifiable assets acquired			102,041
Accounts payable			(565	)
Accrued expenses			(1,465	)
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			(4,585	)
Net identifiable assets acquired			97,456
Goodwill			17,003
Net assets acquired		$	114,459

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=cvti_LewThompsonSonTruckingIncMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: