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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 262,611 $ 3,327,777
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes (69,371) 1,992,197
Noncash stock compensation expense 5,316,837 1,891,067
Noncash interest expense 1,862,661 0
Change in contingent consideration due to seller (152,382) (95,934)
Depreciation and amortization 7,529,333 3,873,137
Change in assets, net of acquisitions:    
Accounts receivable (12,570,057) (5,395,359)
Taxes receivable (497,228) (2,500,965)
Prepaid expenses and other assets 413,201 648,217
Change in liabilities, net of acquisitions:    
Accounts payable 12,417,253 12,365,149
Accrued expenses and other liabilities (162,880) (6,676,417)
Net cash provided by operating activities 14,349,978 9,428,869
Investing activities    
Purchases of property and equipment (4,311,663) (2,790,885)
Payments for acquisitions, net of cash acquired 0 (5,869,303)
Net cash used in investing activities (4,311,663) (8,660,188)
Financing activities    
Tax benefit of stock options exercised 283,698 1,121,270
Payment of contingent consideration (2,086,243) (2,665,833)
Proceeds from exercise of stock options 34,188 773,168
Employee tax withholdings related to net share settlements of equity-based awards (1,882,672) (1,576,316)
Purchases of treasury stock (19,390,803) 0
Proceeds from borrowing on line of credit 0 29,782,500
Repayments of amounts borrowed on line of credit 0 (29,782,500)
Proceeds from borrowing on ABL facility 6,000,000 0
Repayments of amounts borrowed on ABL facility (6,000,000) 0
Payment to former owners of One Stop Logistics 0 (13,782,500)
Net cash used in financing activities (23,041,832) (16,130,211)
Decrease in cash and cash equivalents (13,003,517) (15,361,530)
Cash and cash equivalents, beginning of period 56,522,194 32,542,119
Cash and cash equivalents, end of period 43,518,677 17,180,589
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 0 37,968
Cash paid during the period for income taxes 436,900 1,324,828
Noncash financing activity    
Due to seller $ 0 $ 1,500,000