Cash Overdrafts And Cash Equivalents

6 Months Ended

Jun. 30, 2017

Cash Overdrafts And Cash Equivalents [Abstract]

Cash Overdrafts And Cash Equivalents

13.   Cash Overdrafts and Cash Equivalents

There are $7.5 million in cash overdrafts payable included in accounts payable at June 30, 2017(December 31, 2016 - $8.6 million).

From time to time throughout the year, we invest excess cash in money market funds with major commercial banks. We closely monitor the creditworthiness of the institutions with which we invest our overnight funds.  We had $79,000 in cash equivalents as of June 30, 2017.  There was $72,000 in cash equivalents as of December 31, 2016. 

Included in properties and equipment and accounts payable on the balance sheet at June 30, 2017 is $10.8 million of unpaid commitments related to the purchase of transportation equipment.  This amount will be paid in July 2017 and is not reflected in capital expenditures in the statement of cash flows.  Unpaid commitments to purchase properties and equipment for comparable periods is not material.