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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 100,614,000 $ 74,087,000
Accounts receivable—net:    
Trade, less current estimated credit loss of $7,717 and $5,381, respectively 80,604,000 134,739,000
Other 7,203,000 6,263,000
Inventories 2,321,000 2,570,000
Prepaid expenses and deposits 13,213,000 15,729,000
Marketable equity securities 43,203,000 41,728,000
Income taxes refundable 3,883,000 5,650,000
Total current assets 251,041,000 280,766,000
PROPERTY AND EQUIPMENT:    
Land 23,078,000 19,718,000
Structures and improvements 43,552,000 35,534,000
Revenue equipment 689,173,000 637,510,000
Office furniture and equipment 15,328,000 13,157,000
Total property and equipment 771,131,000 705,919,000
Accumulated depreciation (266,412,000) (242,324,000)
Net property and equipment 504,719,000 463,595,000
OTHER ASSETS 4,697,000 4,801,000
TOTAL ASSETS 760,457,000 749,162,000
CURRENT LIABILITIES:    
Accounts payable 62,652,000 48,917,000
Accrued expenses and other liabilities 16,799,000 34,233,000
Current maturities of long-term debt 57,645,000 58,815,000
Total current liabilities 137,096,000 141,965,000
Long-term debt—less current portion 204,064,000 205,466,000
Deferred income taxes 104,331,000 101,445,000
Other long-term liabilities 750,000 103,000
Total liabilities 446,241,000 448,979,000
COMMITMENTS AND CONTINGENCIES (Note 16)
STOCKHOLDERS’ EQUITY    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued 0 0
Common stock, $.01 par value, 50,000,000 shares authorized; 22,317,671 and 22,293,687 shares issued; 22,021,341 and 22,166,450 shares outstanding at December 31, 2023 and 2022, respectively 223,000 223,000
Additional paid-in capital 40,825,000 40,472,000
Accumulated Other Comprehensive Income 0 0
Treasury stock, at cost; 296,330 and 127,237 shares at December 31, 2023 and 2022, respectively (8,736,000) (4,000,000)
Retained earnings 281,904,000 263,488,000
Total stockholders’ equity 314,216,000 300,183,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 760,457,000 $ 749,162,000