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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net income $ 40,928 $ 40,551
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 53,375 51,779
Deferred income taxes (2,063) 10,103
Amortization of stock-based compensation, net of tax (714) (546)
Gain on disposal of property and equipment (19,849) (15,903)
Changes in certain working capital items:    
Trade receivables 6,574 (3,758)
Prepaid expenses and other current assets 1,368 (2,237)
Accounts payable, accrued liabilities, and accrued expenses 6,441 (6,979)
Accrued income taxes 14,222 4,046
Net cash provided by operating activities 101,710 78,148
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 57,349 29,432
Purchases of property and equipment, net of trades (64,703) (72,384)
Acquisition of business, net of cash acquired 0 (3,011)
Change in designated funds for equipment purchases (5,741) 0
Change in other assets 1,682 (49)
Net cash used in investing activities (11,413) (46,012)
FINANCING ACTIVITIES    
Payments of Ordinary Dividends, Common Stock (1,759) (1,757)
Contingent consideration related to acquisition (1,765) 0
Proceeds from Lines of Credit 0 3,000
Repayments on line of credit (24,600) (35,000)
Net cash used in financing activities (28,124) (33,757)
Net increase (decrease) in cash and cash equivalents 62,173 (1,621)
CASH AND CASH EQUIVALENTS    
Beginning of period 17,303 17,763
End of period 79,476 16,142
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 40 306
Cash paid during the period for income taxes, net of refunds 10,802 6,486
Noncash investing and financing activities:    
Fair value of revenue equipment traded 0 3,335
Purchased property and equipment in accounts payable 5,682 28,406
Sold property and equipment in other current assets 1,598 0
Common stock dividends declared in accounts payable $ 1,760 $ 1,759