XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 71,984,000 $ 100,614,000
Accounts receivable-net:    
Trade, less current estimated credit loss of $5,974 and $7,717, respectively 92,324,000 80,604,000
Other 6,444,000 7,203,000
Inventories 2,326,000 2,321,000
Prepaid expenses and deposits 9,407,000 13,213,000
Marketable equity securities 42,005,000 43,203,000
Income taxes refundable 4,473,000 3,883,000
Total current assets 228,963,000 251,041,000
Property and equipment:    
Land 30,426,000 23,078,000
Structures and improvements 50,764,000 43,552,000
Revenue equipment 682,096,000 689,173,000
Office furniture and equipment 18,010,000 15,328,000
Total property and equipment 781,296,000 771,131,000
Accumulated depreciation (279,527,000) (266,412,000)
Net property and equipment 501,769,000 504,719,000
Other assets 2,795,000 4,697,000
TOTAL ASSETS 733,527,000 760,457,000
Current liabilities:    
Accounts payable 40,034,000 62,652,000
Accrued expenses and other liabilities 16,798,000 16,799,000
Current maturities of long-term debt 54,881,000 57,645,000
Total current liabilities 111,713,000 137,096,000
Long-term debt - less current portion 211,140,000 204,064,000
Deferred income taxes 103,500,000 104,331,000
Other long-term liabilities 500,000 750,000
Total liabilities 426,853,000 446,241,000
COMMITMENTS AND CONTINGENCIES (Note L)
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; 22,336,597 and 22,317,671 shares issued; 21,755,011 and 22,021,341 shares outstanding at June 30, 2024 and December 31, 2023, respectively 223,000 223,000
Additional paid-in capital 41,171,000 40,825,000
Treasury stock, at cost; 581,586 and 296,330 shares at June 30, 2024 and December 31, 2023, respectively (13,995,000) (8,736,000)
Retained earnings 279,275,000 281,904,000
Total stockholders’ equity 306,674,000 314,216,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 733,527,000 $ 760,457,000