XML 18 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 71,258 $ 107,590
Cash and cash equivalents – restricted 59,487 55,241
Restricted investments, held to maturity, amortized cost [1] 22,864 23,215
Accounts receivable, net 403,895 422,421
Income tax refund receivable 9,987 11,664
Inventories and supplies 16,264 18,426
Assets held for sale 11,830 9,084
Prepaid taxes, licenses, insurance, and other 50,669 48,149
Current portion of notes receivable 7,668 9,817
Total current assets 653,922 705,607
Property and equipment, at cost:    
Revenue and service equipment 2,233,507 2,278,618
Land 131,693 131,693
Facilities and improvements 278,291 269,769
Furniture and office equipment 110,996 99,519
Total property and equipment 2,754,487 2,779,599
Less: accumulated depreciation and amortization (1,200,613) (1,128,499)
Net property and equipment 1,553,874 1,651,100
Other assets 22,664 26,585
Intangible assets, net 270,508 283,119
Goodwill 253,256 253,256
Total assets 2,754,224 2,919,667
Current liabilities:    
Accounts payable 138,087 121,827
Accrued liabilities 132,918 97,313
Current portion of claims accruals 78,478 84,429
Current portion of long-term debt 799 35,514
Current portion of capital lease obligations 71,988 59,794
Total current liabilities 422,270 398,877
Revolving line of credit [2],[3] 50,000 200,000
Long-term debt, less current portion 593,263 643,663
Capital lease obligations, less current portion 176,871 222,001
Claims accruals, less current portion 155,317 149,281
Deferred income taxes 438,369 463,832
Accounts receivable securitization 299,196 223,927
Other liabilities 6,699 959
Total liabilities 2,141,985 2,302,540
Commitments and Contingencies (Notes 9 and 10)
Stockholders’ equity:    
Preferred stock 0 0
Class A common stock 826 878
Class B common stock 497 510
Additional paid-in capital 690,317 754,589
Accumulated deficit (79,503) (139,033)
Accumulated other comprehensive income 0 81
Noncontrolling interest 102 102
Total stockholders’ equity 612,239 617,127
Total liabilities and stockholders’ equity $ 2,754,224 $ 2,919,667
Preferred stock, par value $ 0.01 $ 0.01
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Class A Common Stock [Member]    
Stockholders’ equity:    
Total stockholders’ equity $ 826 $ 878
Common stock, par value $ 0.01 $ 0.01
Common stock, shares authorized 500,000,000 500,000,000
Common stock, shares issued 82,615,248 87,808,801
Common stock, shares outstanding 82,615,248 87,808,801
Class B Common Stock [Member]    
Stockholders’ equity:    
Total stockholders’ equity $ 497 $ 510
Common stock, par value $ 0.01 $ 0.01
Common stock, shares authorized 250,000,000 250,000,000
Common stock, shares issued 49,741,938 50,991,938
Common stock, shares outstanding 49,741,938 50,991,938
Common stock, shares outstanding 49,741,938 50,991,938
[1] Restricted investments are included in "Restricted investments, held to maturity, amortized cost."
[2] Refer to Note 15 for information regarding the fair value of long-term debt.
[3] The Company additionally had outstanding letters of credit, primarily related to workers' compensation and self-insurance liabilities of $97.0 million and $95.0 million under the New Revolver at September 30, 2016 and December 31, 2015, respectively.