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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 16,775 $ 13,734
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,311 26,983
Deferred income taxes (1,744) (3,390)
Stock-based compensation 271 581
Gain on disposal of property and equipment (4,258) (4,232)
Changes in certain working capital items:    
Trade receivables (8,771) (4,991)
Prepaid expenses and other current assets 1,083 4,053
Accounts payable, accrued liabilities, and accrued expenses 3,557 (2,554)
Accrued income taxes 7,369 5,248
Net cash provided by operating activities 37,593 35,432
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 13,648 25,152
Purchases of property and equipment (22,029) (9,750)
Change in other assets 0 78
Net cash provided by (used in) investing activities (8,381) 15,480
FINANCING ACTIVITIES    
Payments of cash dividends 0 (1,599)
Shares withheld for employee taxes related to stock-based compensation (41) (96)
Repurchases of common stock 0 (15,022)
Net cash used in financing activities (41) (16,717)
Net increase in cash, cash equivalents and restricted cash 29,171 34,195
CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Beginning of period 173,767 131,140
Ending Period 202,938 165,335
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 142 2,825
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 2,058 6,726
Sold revenue equipment and property in other current assets 1,213 212
Common stock dividends declared in accounts payable 1,579 0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and Cash Equivalents, at Carrying Value 187,085 148,212
Restricted Cash and Investments, Current 916 1,033
Restricted Cash and Cash Equivalents, Noncurrent 14,937 16,090
Ending Period $ 202,938 $ 165,335