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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 74,087,000 $ 18,509,000
Accounts receivable—net:    
Trade, less current estimated credit loss of $5,381 and $4,526, respectively 134,739,000 121,854,000
Other 6,263,000 7,092,000
Inventories 2,570,000 1,456,000
Prepaid expenses and deposits 15,729,000 10,962,000
Marketable equity securities 41,728,000 39,424,000
Income taxes refundable 5,650,000 277,000
Total current assets 280,766,000 199,574,000
PROPERTY AND EQUIPMENT:    
Land 19,718,000 19,718,000
Structures and improvements 35,534,000 33,534,000
Revenue equipment 637,510,000 520,840,000
Office furniture and equipment 13,157,000 11,211,000
Total property and equipment 705,919,000 585,303,000
Accumulated depreciation (242,324,000) (201,124,000)
Net property and equipment 463,595,000 384,179,000
OTHER ASSETS 4,801,000 3,628,000
TOTAL ASSETS 749,162,000 587,381,000
CURRENT LIABILITIES:    
Accounts payable 48,917,000 43,381,000
Accrued expenses and other liabilities 34,233,000 14,114,000
Income taxes payable 0 4,364,000
Current maturities of long-term debt 58,815,000 49,544,000
Total current liabilities 141,965,000 111,403,000
Long-term debt—less current portion 205,466,000 172,733,000
Deferred income taxes 101,445,000 86,715,000
Other long-term liabilities 103,000 420,000
Total liabilities 448,979,000 371,271,000
COMMITMENTS AND CONTINGENCIES (Note 16)
STOCKHOLDERS’ EQUITY    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued 0 0
Common stock, $.01 par value, 50,000,000 shares authorized; 22,293,687 and 34,574,807 shares issued; 22,166,450 and 22,348,022 shares outstanding at December 31, 2022 and 2021, respectively 223,000 234,000
Additional paid-in capital 40,472,000 84,472,000
Accumulated Other Comprehensive Income 0 0
Treasury stock, at cost; 127,237 and 12,226,785 shares at December 31, 2022 and 2021, respectively (4,000,000) (169,946,000)
Retained earnings 263,488,000 301,350,000
Total stockholders’ equity 300,183,000 216,110,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 749,162,000 $ 587,381,000