XML 41 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES        
Net Income $ 24,466 $ 20,714 $ 58,942 $ 53,134
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     78,286 81,786
Deferred income taxes     (8,623) 9,256
Stock-based compensation     959 1,509
Gain on disposal of property and equipment (15,254) (5,721) (27,341) (8,739)
Changes in certain working capital items:        
Trade receivables     (2,961) (5,785)
Prepaid expenses and other current assets     3,041 (6,645)
Accounts payable, accrued liabilities, and accrued expenses     (9,231) 5,101
Accrued income taxes     2,622 3,370
Net cash provided by operating activities     95,694 132,987
INVESTING ACTIVITIES        
Proceeds from sale of property and equipment     98,421 51,473
Purchases of property and equipment     (93,213) (163,824)
Change in other assets     (181) 72
Net cash provided by (used in) investing activities     5,027 (112,279)
FINANCING ACTIVITIES        
Payments of cash dividends     (3,198) (4,884)
Shares withheld for employee taxes related to stock-based compensation     (190) (431)
Repurchases of common stock     (31,422) (12,278)
Net cash used in financing activities     (34,810) (17,593)
Net increase in cash, cash equivalents and restricted cash     65,911 3,115
CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Beginning of period     131,140 96,076
Ending Period 197,051 99,191 197,051 99,191
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION        
Cash paid during the period for income taxes, net of refunds     26,455 4,598
Noncash investing and financing activities:        
Purchased property and equipment in accounts payable     3,258 12,114
Sold revenue equipment and property in other current assets     1,423 5,195
Common stock dividends declared in accounts payable     41,095 0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Cash and Cash Equivalents, at Carrying Value 180,366 81,949 180,366 81,949
Restricted Cash and Investments, Current 932 1,097 932 1,097
Restricted Cash and Cash Equivalents, Noncurrent 15,753 16,145 15,753 16,145
Ending Period $ 197,051 $ 99,191 $ 197,051 $ 99,191