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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (7,746) $ (1,240)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation 14,873 15,344
Amortization of intangible assets 1,442 1,529
Amortization of deferred financing fees 311 273
Write-off of deferred financing fees 3,883  
Deferred taxes (3,071) (1,059)
Bad debt expense 45 71
Non-cash interest expense 92 266
(Gain) loss on disposition of property and equipment (185) 81
Deferred gain recognized on sales-type leases (156) (163)
Changes in operating assets and liabilities:    
Accounts receivable (13,211) (1,137)
Drivers' advances and other receivables 221 (843)
Payments received on sales-type leases 899 804
Other current assets 140 2,745
Accounts payable 2,403 2,442
Accrued expenses and other liabilities 1,454 (3,034)
Net cash provided by operating activities 1,394 16,079
Cash flows from investing activities    
Purchase of property and equipment (1,494) (791)
Proceeds from sale of property and equipment 1,455 2,597
Net cash provided by (used in) investing activities (39) 1,806
Cash flows from financing activities:    
Checks outstanding in excess of bank balances 313 (881)
Advances on line of credit 164,233 159,007
Repayments on line of credit (171,091) (156,607)
Principal payments on long-term debt (220,406) (16,487)
Proceeds from Term Loan Facility 250,000  
Deferred financing fees 14,229 (179)
Payoff of subordinated debt (66,715)  
Issuance of common stock 64,577  
Repurchase of common stock (36,168)  
Issuance of Series A Convertible Preferred Stock 65,000  
Series B Convertible Preferred Stock dividends (2,015) (1,209)
Net cash proviced by (used in) financing activities 33,499 (15,998)
Net increase in cash 34,854 1,887
Cash – beginning of period 3,695 4,886
Cash – end of period 38,549 6,773
Supplemental disclosure of cash flow information    
Cash paid for interest 6,870 4,562
Cash paid for income taxes 223 47
Noncash investing and financing activities    
Property and equipment acquired with debt or capital lease obligations   7,702
Property and equipment sold for notes receivable 35 536
Property and equipment transferred to sales-type lease 1,699 1,622
Sales-type lease returns to property and equipment 645  
Sales-type lease assets sold for notes receivable 6,071 6,023
Sales-type lease returns to sales-type lease assets $ 3,491 3,127
Accrued series B convertible preferred dividends   $ (1,311)