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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES        
Net income $ 20,501 $ 19,056 $ 60,180 $ 50,237
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     71,001 76,086
Deferred income taxes     5,090 8,268
Stock-based compensation     1,570 374
Gain on disposal of property and equipment (12,595) (7,156) (23,978) (15,410)
Changes in certain working capital items:        
Trade receivables     2,884 8,773
Prepaid expenses and other current assets     619 387
Accounts payable, accrued liabilities, and accrued expenses     (9,536) (18,168)
Accrued income taxes     1,549 (1,900)
Net cash provided by operating activities     109,379 108,647
INVESTING ACTIVITIES        
Proceeds from sale of property and equipment     66,350 84,910
Purchases of property and equipment, net of trades     (120,548) (127,526)
Payments to Acquire Businesses, Net of Cash Acquired     (62,127) 0
Change in other assets     (10) 563
Net cash used in investing activities     (116,335) (42,053)
FINANCING ACTIVITIES        
Payments of cash dividends     (4,922) (4,950)
Repayments of debt assumed     (39,887) 0
Shares withheld for employee taxes related to stock-based compensation     (415) (181)
Repurchases of common stock     0 (25,086)
Net cash used in financing activities     (45,224) (30,217)
Net (decrease) increase in cash, cash equivalents and restricted cash     (52,180) 36,377
CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Beginning of period     182,938 106,098
Ending Period 130,758 142,475 130,758 142,475
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION        
Cash paid during the period for income taxes, net of refunds     12,844 4,974
Interest Paid, Excluding Capitalized Interest, Operating Activities     335 0
Noncash investing and financing activities:        
Purchased property and equipment in accounts payable     5,562 16,977
Sold revenue equipment in other current assets     6,765 15,900
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Cash and Cash Equivalents, at Carrying Value 111,934 120,000 111,934 120,000
Restricted Cash and Investments, Current 2,040 3,298 2,040 3,298
Restricted Cash and Cash Equivalents, Noncurrent 16,784 19,177 16,784 19,177
Ending Period $ 130,758 $ 142,475 $ 130,758 $ 142,475