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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net loss $ (11,852) $ (229)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation 31,069 30,470
Amortization of intangible assets 2,884 3,047
Amortization of deferred financing fees 793 563
Write-off of deferred financing fees 3,883  
Stock-based compensation expense 538  
Deferred taxes (1,419) (653)
Bad debt expense 221  
Non-cash interest expense 92 534
(Gain) loss on disposition of property and equipment (157) 653
Deferred gain recognized on sales-type leases (339) (342)
Changes in operating assets and liabilities:    
Accounts receivable (20,311) (2,357)
Drivers' advances and other receivables 102 (540)
Payments received on sales-type leases 2,076 1,782
Other current assets 433 3,490
Accounts payable 1,344 2,080
Accrued expenses and other liabilities 4,714 (2,284)
Net cash provided by operating activities 14,071 36,214
Cash flows from investing activities    
Purchase of property and equipment (6,806) (1,769)
Proceeds from sale of property and equipment 2,952 3,979
Cash acquired in acquisitions, net of cash paid (40,571)  
Net cash provided by (used in) investing activities (44,425) 2,210
Cash flows from financing activities:    
Checks outstanding in excess of bank balances (241) (881)
Advances on line of credit 343,083 346,479
Repayments on line of credit (349,939) (352,259)
Principal payments on and payoff of long-term debt (224,587) (43,175)
Proceeds from Term Loan Facility 289,500 14,188
Deferred financing fees 14,266 488
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 (2,016) (2,419)
Net cash provided by (used in) financing activities 68,228 (38,555)
Effect of exchange rates on cash 15  
Net increase (decrease) in cash 37,889 (131)
Cash – beginning of period 3,695 4,886
Cash – end of period 41,584 4,755
Supplemental disclosure of cash flow information    
Cash paid for interest 17,728 10,001
Cash paid for income taxes 436 615
Noncash investing and financing activities    
Property and equipment acquired with debt or capital lease obligations 5,139 22,897
Property and equipment sold for notes receivable 70 283
Property and equipment transferred to sales-type lease 4,842 5,213
Assets held for sale returned to property and equipment   351
Sales-type lease returns to property and equipment 645 69
Sales-type lease assets sold for notes receivable 12,700 13,099
Sales-type lease returns to sales-type lease assets 6,957 6,712
Common stock issued in acquisitions 3,438  
Series A    
Noncash investing and financing activities    
Accrued convertible preferred dividends $ 1,693  
Series B    
Noncash investing and financing activities    
Accrued convertible preferred dividends   $ 1,344