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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income $ 28,653 $ 30,745
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,565 51,552
Deferred income taxes 1,189 (5,341)
Stock-based compensation 281 0
Amortization of stock-based compensation, net of tax 0 664
Gain on disposal of property and equipment (12,375) (5,800)
Changes in certain working capital items:    
Trade receivables 3,000 4,000
Prepaid expenses and other current assets (5,356) 308
Accounts payable, accrued liabilities, and accrued expenses (7,650) 5,696
Accrued income taxes (2,474) (3,927)
Net cash provided by operating activities 50,833 77,897
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 48,955 26,744
Purchases of property and equipment, net of trades (50,213) (42,353)
Change in designated funds for equipment purchases (3,521) 0
Change in other assets 183 97
Net cash used in investing activities (4,596) (15,512)
FINANCING ACTIVITIES    
Payments of cash dividends (3,334) (3,332)
Shares withheld for employee taxes related to stock-based compensation (118) 0
Repurchases of common stock 0 (14,678)
Net cash used in financing activities (3,452) (18,010)
Net increase in cash and cash equivalents 42,785 44,375
CASH AND CASH EQUIVALENTS    
Beginning of period 128,507 33,232
End of period 171,292 77,607
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 14,023 23,384
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 1,163 9,334
Sold revenue equipment in other current assets $ 3,904 $ 2,501