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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net Income $ 79,277 $ 70,806 $ 72,967
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 104,232 110,381 100,932
Deferred income taxes (5,869) 8,148 4,699
Stock-based compensation expense 1,150 2,092 2,065
Gain on disposal of property and equipment (37,438) (14,830) (31,341)
Changes in certain working capital items (net of acquisition):      
Trade receivables 2,765 1,176 6,676
Prepaid expenses and other current assets 3,657 (3,628) 509
Accounts payable, accrued liabilities, and accrued expenses (18,476) 3,062 (10,758)
Accrued income taxes (5,880) 1,643 623
Net cash provided by operating activities 123,418 178,850 146,372
INVESTING ACTIVITIES      
Proceeds from sale of property and equipment 130,184 93,160 92,942
Purchases of property and equipment, net of trades (132,640) (204,337) (163,780)
Acquisition of business, net of cash acquired 0 0 (61,927)
Change in other assets (191) 129 (26)
Net cash used in investing activities (2,647) (111,048) (132,791)
FINANCING ACTIVITIES      
Cash dividends paid (45,872) (6,502) (6,563)
Shares withheld for employee taxes related to stock-based compensation (247) (582) (532)
Repayments on acquired debt 0 0 (93,348)
Repurchases of common stock (32,025) (25,654) 0
Net cash used in financing activities (78,144) (32,738) (100,443)
Net increase (decrease) in cash, cash equivalents and restricted cash 42,627 35,064 (86,862)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Beginning of period 131,140 96,076 182,938
Period End 173,767 131,140 96,076
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest Paid 0 0 929
Cash paid during the period for income taxes, net of refunds 38,519 13,664 18,888
Noncash investing and financing activities:      
Purchased property and equipment in accounts payable 9,019 2,172 1,476
Sold revenue equipment in other current assets 1,512 3,383 1,282
Treasury stock acquired in accounts payable 0 485 0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents 157,742 113,852 76,684
Restricted cash included in other current assets 928 1,075 1,594
Restricted cash included in other assets 15,097 16,213 17,798
Total cash, cash equivalents and restricted cash $ 173,767 $ 131,140 $ 96,076