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Note 18 - Related Party Transactions | 12 Months Ended
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Dec. 31, 2016
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, equipment, property leases and other services are conducted between the Company and companies affiliated with our Chairman and a controlling stockholder. The Company recognized approximately $4,834,000, $11,325,000 and $13,253,000 in operating revenue and approximately $8,837,000, $4,834,000 and $1,440,000 in operating expenses in 2016, 2015, and 2014, respectively. In addition, also in the normal course of business, the Company sold trucks to an affiliated company owned by our Chairman and a controlling stockholder for approximately $67,500 and $750,000 during 2015 and 2014, respectively. The Company purchased physical damage, auto liability, general liability, and workers’ compensation insurance through an unaffiliated insurance broker which was written by an insurance company affiliated with our Chairman and a controlling stockholder. Premiums paid for physical damage coverage were approximately $2,091,000, $2,467,000 and $2,597,000 for 2016, 2015, and 2014, respectively. Premiums paid for auto liability coverage during 2016, 2015, and 2014 were approximately $11,030,000, $9,605,000 and $9,464,000, respectively. Premiums paid for general liability coverage during 2016, 2015, and 2014 were approximately $21,000, $23,000, and $22,000, respectively. Premiums paid for workers’ compensation coverage during 2016, 2015, and 2014 were approximately $298,000, $276,000 and $267,000, respectively. Amounts owed to the Company by these affiliates were approximately $929,000 and $2,482,000 at December 31, 2016 and 2015, respectively. Of the accounts receivable at December 31, 2016 and 2015, approximately $925,000 and $2,370,000 represent freight transportation and approximately $4,000 and $5,000 represent 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, respectively. Approximately $106,000 represents property lease charges at December 31, 2015. There were no amounts receivable for property lease charges at December 31, 2016. Amounts representing prepaid insurance premiums at December 31, 2016 and 2015 were approximately $472,000 and $481,000, respectively. Amounts payable to affiliates at December 31, 2016 and 2015 were approximately $1,297,000 and $1,236,000 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 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 2: 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 3: 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 4: 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 5: 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 6: 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 + Details
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