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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net income $ 93,681 $ 34,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,620 52,977
Deferred income taxes (12,709) (5,369)
Stock-based compensation 343 800
Gain on disposal of property and equipment (85,970) (12,088)
Changes in certain working capital items:    
Trade receivables (10,600) (3,713)
Prepaid expenses and other current assets (778) 2,073
Accounts payable, accrued liabilities, and accrued expenses 8,521 (5,502)
Accrued income taxes 18,400 (880)
Net cash provided by operating activities 58,508 62,775
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 129,820 56,030
Purchases of property and equipment (50,563) (47,585)
Payments to Acquire Businesses, Net of Cash Acquired (122,049) 0
Change in other assets (9) (174)
Net cash provided by (used in) investing activities (42,801) 8,271
FINANCING ACTIVITIES    
Payments of cash dividends (1,579) (3,198)
Shares withheld for employee taxes related to stock-based compensation (66) (110)
Repayments on finance leases and debt (1,113) 0
Repurchases of common stock 0 (15,022)
Net cash used in financing activities (2,758) (18,330)
Net increase in cash, cash equivalents and restricted cash 12,949 52,716
CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Beginning of period 173,767 131,140
Ending Period 186,716 183,856
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest Paid, Excluding Capitalized Interest, Operating Activities 159 0
Cash paid during the period for income taxes, net of refunds 28,310 17,715
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 1,033 6,415
Sold revenue equipment and property in other current assets 3,084 1,516
Common stock dividends declared in accounts payable 1,579 0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 4,653 0
Right-of-use assets obtained in exchange for operating lease liabilities through acquisitions 24,143 0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and Cash Equivalents, at Carrying Value 171,879 167,241
Restricted Cash and Investments, Current 897 1,007
Restricted Cash and Cash Equivalents, Noncurrent 13,940 15,608
Ending Period $ 186,716 $ 183,856