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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net income $ 56,041 $ 63,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,053 79,796
Deferred income taxes (4,569) 15,342
Amortization of stock-based compensation, net of tax (1,042) (688)
Gain on disposal of property and equipment (27,250) (27,160)
Changes in certain working capital items:    
Trade receivables 12,515 (2,835)
Prepaid expenses and other current assets 3,337 (825)
Accounts payable, accrued liabilities, and accrued expenses 7,001 (4,851)
Accrued income taxes 12,777 5,573
Net cash provided by operating activities 142,947 129,017
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 89,073 64,436
Purchases of property and equipment, net of trades (111,688) (121,088)
Acquisition of business, net of cash acquired 0 (3,011)
Change in designated funds for equipment purchases (12,488) (5,824)
Change in other assets 1,495 (453)
Net cash used in investing activities (33,608) (65,940)
FINANCING ACTIVITIES    
Payments of Ordinary Dividends, Common Stock (5,254) (3,517)
Contingent consideration related to acquisition (1,765) 0
Proceeds from Lines of Credit 0 3,000
Repayments on line of credit (24,600) (57,000)
Repurchases of common stock (30,858)  
Net cash used in financing activities (62,477) (57,517)
Net increase (decrease) in cash and cash equivalents 46,862 5,560
CASH AND CASH EQUIVALENTS    
Beginning of period 17,303 17,763
End of period 64,165 23,323
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 40 417
Cash paid during the period for income taxes, net of refunds 24,562 13,196
Noncash investing and financing activities:    
Fair value of revenue equipment traded 0 3,335
Purchased property and equipment in accounts payable 10,956 21,869
Sold property and equipment in other current assets 12,488 0
Treasury stock acquired in accounts payable 4,911 0
Common stock dividends declared in accounts payable $ 0 $ 1,758