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Note 8 - Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Lease, Cost [Table Text Block]

(dollars in thousands)		Three Months Ended				Three Months Ended				Six Months Ended				Six Months Ended
		June 30, 2024				June 30, 2023				June 30, 2024				June 30, 2023
Finance lease cost:
Amortization of right-of-use assets		$	123			$	257			$	246			$	513
Interest on lease liabilities			222				57				421				66
Operating lease cost			3,325				4,639				6,959				9,245
Variable lease cost			125				388				149				885
Short-term lease cost			914				2,509				1,974				4,133
Total lease cost		$	4,709			$	7,850			$	9,749			$	14,842
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases			222				57				421				66
Operating cash flows from operating leases			2,505				3,329				5,435				7,178
Financing cash flows from finance leases			203				151				365				3,509
Right-of-use assets obtained in exchange for new finance lease liabilities			5				3,139				815				3,139
Right-of-use assets obtained in exchange for new operating lease liabilities			8,970				3,846				8,970				3,992
Weighted-average remaining lease term—finance leases (in years)			3.7
Weighted-average remaining lease term—operating leases (in years)			4.7
Weighted-average discount rate—finance leases			13.4	%
Weighted-average discount rate—operating leases			9.2	%

Lessee, Lease Liability, Maturity [Table Text Block]

(in thousands)		Operating				Finance
2024 (1)		$	6,925			$	886
2025			12,007				1,770
2026			10,565				1,768
2027			9,450				1,768
2028			5,008				1,487
Thereafter			7,678				1,703
Total minimum lease payments		$	51,633			$	9,382
Less: amount representing interest			(8,977	)			(2,855	)
Present value of minimum lease payments		$	42,656			$	6,527
Less: current portion			(10,612	)			(956	)
Lease obligations, long-term		$	32,044			$	5,571

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's lease liability.

+ References

No definition available.

+ Details

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Namespace Prefix:	cvti_
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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

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X

- References

No definition available.

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