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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net income $ 14,036 $ 14,377
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,940 25,705
Deferred income taxes 53 (6,778)
Stock-based compensation 113 0
Amortization of stock-based compensation, net of tax 0 587
Gain on disposal of property and equipment (6,075) (1,288)
Changes in certain working capital items:    
Trade receivables 623 2,512
Prepaid expenses and other current assets (3,351) 1,666
Accounts payable, accrued liabilities, and accrued expenses (1,814) 6,599
Accrued income taxes 5,574 12,530
Net cash provided by operating activities 32,099 55,910
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 21,542 3,783
Purchases of property and equipment, net of trades (17,617) (2,865)
Change in designated funds for equipment purchases (3,823) (3,875)
Change in other assets 192 (94)
Net cash provided by (used in) investing activities 294 (3,051)
FINANCING ACTIVITIES    
Payments of cash dividends (1,667) (1,666)
Shares withheld for employee taxes related to stock-based compensation (63) 0
Repurchases of common stock 0 (14,678)
Net cash used in financing activities (1,730) (16,344)
Net increase in cash and cash equivalents 30,663 36,515
CASH AND CASH EQUIVALENTS    
Beginning of period 128,507 33,232
End of period 159,170 69,747
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash (received) paid during the period for income taxes, net of refunds (12) 221
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 3,406 0
Sold revenue equipment in other current assets $ 2,602 $ 892