XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES        
Net Income $ 20,714 $ 20,501 $ 53,134 $ 60,180
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     81,786 71,001
Deferred income taxes     9,256 5,090
Stock-based compensation     1,509 1,570
Gain on disposal of property and equipment (5,721) (12,595) (8,739) (23,978)
Changes in certain working capital items:        
Trade receivables     (5,785) 2,884
Prepaid expenses and other current assets     (6,645) 619
Accounts payable, accrued liabilities, and accrued expenses     5,101 (9,536)
Accrued income taxes     3,370 1,549
Net cash provided by operating activities     132,987 109,379
INVESTING ACTIVITIES        
Proceeds from sale of property and equipment     51,473 66,350
Purchases of property and equipment     (163,824) (120,548)
Payments to Acquire Businesses, Net of Cash Acquired     0 (62,127)
Change in other assets     72 (10)
Net cash used in investing activities     (112,279) (116,335)
FINANCING ACTIVITIES        
Payments of cash dividends     (4,884) (4,922)
Shares withheld for employee taxes related to stock-based compensation     (431) (415)
Repayments of Assumed Debt     0 (39,887)
Repurchases of common stock     (12,278) 0
Net cash used in financing activities     (17,593) (45,224)
Net increase (decrease) in cash, cash equivalents and restricted cash     3,115 (52,180)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Beginning of period     96,076 182,938
Ending Period 99,191 130,758 99,191 130,758
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION        
Cash paid during the period for income taxes, net of refunds     4,598 12,844
Interest Paid, Excluding Capitalized Interest, Operating Activities     0 335
Noncash investing and financing activities:        
Purchased property and equipment in accounts payable     12,114 5,562
Sold revenue equipment and property in other current assets     5,195 6,765
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Cash and Cash Equivalents, at Carrying Value 81,949 111,934 81,949 111,934
Restricted Cash and Investments, Current 1,097 2,040 1,097 2,040
Restricted Cash and Cash Equivalents, Noncurrent 16,145 16,784 16,145 16,784
Ending Period $ 99,191 $ 130,758 $ 99,191 $ 130,758