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Note 18 - Related Party Transactions | 12 Months Ended
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Dec. 31, 2015
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] |
18. | RELATED PARTY TRANSACTIONS
In the normal course of business, transactions for transportation and repair services, property leases and other services are conducted between the Company and companies affiliated with a controlling stockholder. The Company recognized approximately $11,325,000, $13,253,000 and $10,350,000 in operating revenue and approximately $4,834,000, $1,440,000 and $1,303,000 in operating expenses in 2015, 2014 and 2013, respectively. In addition, also in the normal course of business, the Company sold tractors to an affiliated company owned by a controlling stockholder for approximately $750,000 during 2014. The Company purchased physical damage, auto liability, and general liability insurance through an unaffiliated insurance broker which was written by an insurance company affiliated with a controlling stockholder. Premiums paid for physical damage coverage were approximately $2,467,000, $2,597,000 and $2,036,000 for 2015, 2014 and 2013, respectively. Premiums paid for auto liability coverage during 2015, 2014 and 2013 were approximately $9,605,000, $9,464,000 and $9,461,000, respectively. Premiums paid for general liability coverage during 2015, 2014 and 2013 were approximately $23,000, $22,000, and $22,000, respectively. Beginning in 2012, the Company secured coverage for workers’ compensation insurance under the same arrangement. Premiums paid for workers’ compensation coverage during 2015, 2014, and 2013 were approximately $276,000, $267,000 and $254,000, respectively. Amounts owed to the Company by these affiliates were approximately $2,482,000 and $2,598,000 at December 31, 2015 and 2014, respectively. Of the accounts receivable at December 31, 2015, approximately $2,370,000 represents freight transportation, approximately $5,000 represents revenue resulting from maintenance performed in the Company’s maintenance facilities and charges paid by the Company to third parties on behalf of their affiliate and charged back at the amount paid, and approximately $106,000 represents property lease charges. Amounts representing prepaid insurance premiums at December 31, 2015 and 2014 were approximately $481,000 and $1,624,000, respectively. Amounts payable to affiliates at December 31, 2015 and 2014 were approximately $1,236,000 and $971,000 respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A + Details
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