Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

(21)Subsequent Events

In February 2016, the Company purchased Challenger Overseas, LLC, a New Jersey based Non-Vessel Operating Common Carrier for approximately $10.8 million.

In February 2016, the Company’s Board of Directors approved a one million share increase in the previously approved share repurchase program bringing the total authorized for repurchase to two million shares. As of February 25, 2016, 410,000 shares have been repurchased at an average price of $8.43, which included 321,000 shares that were repurchased subsequent to December 31, 2015.