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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 13,238 $ 17,318
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,761 22,451
Deferred income taxes 7,541 2,515
Stock-based compensation 936 284
Loss (gain) on disposal of property and equipment 229 (3,841)
Changes in certain working capital items:    
Trade receivables (6,096) (4,324)
Prepaid expenses and other current assets 470 (396)
Accounts payable, accrued liabilities, and accrued expenses (55) (158)
Accrued income taxes (2,967) 1,920
Net cash provided by operating activities 40,057 35,769
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 2,409 13,753
Purchases of property and equipment, net of trades (42,092) (34,209)
Change in other assets 51 4
Net cash used in investing activities (39,632) (20,452)
FINANCING ACTIVITIES    
Payments of cash dividends (1,628) (1,640)
Shares withheld for employee taxes related to stock-based compensation (239) (107)
Repurchases of common stock (12,278) 0
Net cash used in financing activities (14,145) (1,747)
Net (decrease) increase in cash, cash equivalents and restricted cash (13,720) 13,570
CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Beginning of period 96,076 182,938
Ending Period 82,356 196,508
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid (received) during the period for income taxes, net of refunds (109) 235
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 8,554 7,309
Sold revenue equipment and property in other current assets 2,000 4,611
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and Cash Equivalents, at Carrying Value 64,183 176,303
Restricted Cash and Investments, Current 1,533 2,638
Restricted Cash and Cash Equivalents, Noncurrent 16,640 17,567
Ending Period $ 82,356 $ 196,508