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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net Income $ 13,734 $ 13,238
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,983 26,761
Deferred income taxes (3,390) 7,541
Stock-based compensation 581 936
(Gain)/Loss on disposal of property and equipment (4,232) 229
Changes in certain working capital items:    
Trade receivables (4,991) (6,096)
Prepaid expenses and other current assets 4,053 470
Accounts payable, accrued liabilities, and accrued expenses (2,554) (55)
Accrued income taxes 5,248 (2,967)
Net cash provided by operating activities 35,432 40,057
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 25,152 2,409
Purchases of property and equipment (9,750) (42,092)
Change in other assets 78 51
Net cash provided by (used in) investing activities 15,480 (39,632)
FINANCING ACTIVITIES    
Payments of cash dividends (1,599) (1,628)
Shares withheld for employee taxes related to stock-based compensation (96) (239)
Repurchases of common stock (15,022) (12,278)
Net cash used in financing activities (16,717) (14,145)
Net increase (decrease) in cash, cash equivalents and restricted cash 34,195 (13,720)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Beginning of period 131,140 96,076
Ending Period 165,335 82,356
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid (received) during the period for income taxes, net of refunds 2,825 (109)
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 6,726 8,554
Sold revenue equipment and property in other current assets 212 2,000
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and Cash Equivalents, at Carrying Value 148,212 64,183
Restricted Cash and Investments, Current 1,033 1,533
Restricted Cash and Cash Equivalents, Noncurrent 16,090 16,640
Ending Period $ 165,335 $ 82,356