XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.25.2

Note 10 - Equity Method Investment | 6 Months Ended
--- | ---
Jun. 30, 2025
Notes to Financial Statements |
Equity Method Investment [Text Block] |
Note 10. | Equity Method Investment
We own a 49.0% interest in Transport Enterprise Leasing, LLC ("TEL"), a tractor and trailer equipment leasing company and used equipment reseller. There is no loss limitation on our 49.0% interest in TEL. We have not guaranteed any of TEL's debt and have no obligation to provide funding, services, or assets. There are no current put rights to purchase or sell with any owners. TEL’s majority owners are generally restricted from transferring their interests in TEL, other than to certain permitted transferees, without our consent. There are no third-party liquidity arrangements, guarantees, and/or other commitments that may affect the fair value or risk of our interest in TEL. As of June 30, 2025, we had a revenue equipment operating lease liability to TEL of $9.0 million. During the quarter ended March 31, 2024, we sold revenue equipment to TEL in exchange for the assumption of the related notes payable of $26.2 million and $0.5 million of cash. No other transactions with TEL were material for the three or six months ended June 30, 2025 and 2024. We have accounted for our investment in TEL using the equity method of accounting, and thus our financial results include our proportionate share of TEL's 2025 net income through June 30, 2025, or $8.0 million. Our accounts receivable from TEL, accounts payable to TEL, and investment in TEL as of June 30, 2025 and December 31, 2024 are as follows (in thousands):
Description: | Balance Sheet Line Item: |  | June 30, 2025 |  |  | December 31, 2024 |
Accounts receivable from TEL | Driver advances and other receivables |  | $ | 12 |  |  | $ | - |
Accounts payable to TEL | Accrued expenses |  | $ | 551 |  |  | $ | 275 |
Investment in TEL | Other assets |  | $ | 83,980 |  |  | $ | 77,405 |
Operating lease obligations | Current and long-term portion of operating lease obligations |  | $ | 8,951 |  |  | $ | 10,092 |
Our accounts receivable from TEL related to cash disbursements made pursuant to our performance of certain back-office and maintenance functions on TEL’s behalf.

X
- Definition The entire disclosure for information about equity investment disclosure, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. + References No definition available. + Details
Name: | cvti_EquityMethodInvestmentTextBlock
Namespace Prefix: | cvti_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration