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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 318,000 $ 282,000
Accounts receivable—net:    
Trade, less allowance of $2,952 and $2,224, respectively 61,784,000 63,350,000
Other 3,769,000 3,814,000
Inventories 1,327,000 1,461,000
Prepaid expenses and deposits 8,669,000 10,393,000
Marketable equity securities 29,521,000 27,549,000
Income taxes refundable 504,000 1,876,000
Total current assets 105,892,000 108,725,000
PROPERTY AND EQUIPMENT:    
Land 7,246,000 5,596,000
Structures and improvements 20,204,000 19,547,000
Revenue equipment 524,527,000 457,142,000
Office furniture and equipment 11,185,000 10,040,000
Total property and equipment 563,162,000 492,325,000
Accumulated depreciation (175,887,000) (137,738,000)
Net property and equipment 387,275,000 354,587,000
OTHER ASSETS 4,842,000 2,754,000
TOTAL ASSETS 498,009,000 466,066,000
CURRENT LIABILITIES:    
Accounts payable 16,597,000 20,002,000
Accrued expenses and other liabilities 40,610,000 23,497,000
Current maturities of long-term debt 67,637,000 63,908,000
Total current liabilities 124,845,000 107,407,000
Long-term debt—less current portion 174,187,000 157,315,000
Deferred income taxes 63,522,000 61,897,000
Other long-term liabilities 1,481,000
Total liabilities 364,034,000 326,619,000
COMMITMENTS AND CONTINGENCIES (Note 16)
STOCKHOLDERS’ EQUITY    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued
Common stock, $.01 par value, 40,000,000 shares authorized; 11,656,160 and 11,612,144 shares issued; 5,748,897 and 5,956,558 shares outstanding at December 31, 2019 and 2018, respectively 117,000 116,000
Additional paid-in capital 83,688,000 82,776,000
Accumulated other comprehensive income
Treasury stock, at cost; 5,907,263 and 5,655,586 shares at December 31, 2019 and 2018, respectively (156,836,650) (142,552,000)
Retained earnings 207,007,000 199,107,000
Total stockholders’ equity 133,975,000 139,447,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 498,009,000 $ 466,066,000