XML 37 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 91,000 $ 1,172,000
Accounts receivable-net:    
Trade, less allowance of $1,530 and $1,477, respectively 62,611,000 58,484,000
Other 4,289,000 3,660,000
Inventories 1,419,000 1,498,000
Prepaid expenses and deposits 6,733,000 6,621,000
Marketable equity securities 22,829,000 20,975,000
Income taxes refundable 22,000 230,000
Total current assets 97,994,000 92,640,000
Property and equipment:    
Land 4,924,000 4,924,000
Structures and improvements 16,147,000 16,001,000
Revenue equipment 301,776,000 321,862,000
Office furniture and equipment 8,698,000 7,684,000
Total property and equipment 331,545,000 350,471,000
Accumulated depreciation (118,041,000) (116,246,000)
Net property and equipment 213,504,000 234,225,000
Other assets 2,434,000 2,437,000
TOTAL ASSETS 313,932,000 329,302,000
Current liabilities:    
Accounts payable 16,499,000 27,970,000
Accrued expenses and other liabilities 24,752,000 22,502,000
Current maturities of long-term debt 33,644,000 40,103,000
Deferred income taxes-current 3,323,000 2,651,000
Total current liabilities 78,218,000 93,226,000
Long-term debt-less current portion 59,149,000 70,366,000
Deferred income taxes-less current portion 53,227,000 49,764,000
Other long-term liabilities 243,000  
Total liabilities 190,837,000 213,356,000
SHAREHOLDERS' EQUITY    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued 0 0
Common stock, $.01 par value, 40,000,000 shares authorized; 11,438,455 and 11,391,464 shares issued; 7,992,680 and 7,983,539 shares outstanding at June 30, 2014 and December 31, 2013, respectively 114,000 114,000
Additional paid-in capital 79,389,000 78,811,000
Accumulated other comprehensive income 7,293,000 6,160,000
Treasury stock, at cost; 3,445,775 and 3,407,925 shares at June 30, 2014 and December 31, 2013, respectively (52,555,000) (51,691,000)
Retained earnings 88,854,000 82,552,000
Total shareholders’ equity 123,095,000 115,946,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 313,932,000 $ 329,302,000