XML 30 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net loss $ (4,474,000) $ (14,431,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 33,399,000 33,571,000
Provision for doubtful accounts   81,000
Deferred income taxes (2,071,000) (7,947,000)
Stock-based compensation 220,000 166,000
Gain on disposal of assets, net (1,444,000) (1,756,000)
Deferred gain (2,000) (6,000)
Changes in operating assets and liabilities:    
Accounts receivable (5,085,000) (6,874,000)
Inventories and prepaid expenses (260,000) (161,000)
Trade accounts payable and accrued expenses 820,000 5,766,000
Insurance and claims accruals 5,617,000 4,265,000
Net cash provided by operating activities 26,720,000 12,674,000
Investing activities:    
Purchases of property and equipment (10,095,000) (19,235,000)
Proceeds from sale of property and equipment 10,508,000 15,601,000
Change in other assets 40,000 (34,000)
Net cash provided by (used in) investing activities 453,000 (3,668,000)
Financing activities    
Borrowings under long-term debt 73,277,000 164,738,000
Principal payments on long-term debt (83,468,000) (154,486,000)
Principal payments on capitalized lease obligations (13,749,000) (18,590,000)
Principal payments on note payable (1,352,000) (1,370,000)
Net decrease in bank drafts payable (3,615,000) (1,309,000)
Net cash used in financing activities (28,907,000) (11,017,000)
Decrease in cash (1,734,000) (2,011,000)
Cash:    
Beginning of period 1,742,000 2,659,000
End of period 8,000 648,000
Cash paid during the period for:    
Interest 2,860,000 3,171,000
Supplemental disclosure of non-cash investing activities:    
Liability incurred for leases on revenue equipment 27,602,000 24,934,000
Accounts Payable [Member]
   
Supplemental disclosure of non-cash investing activities:    
Capital Expenditures Incurred but Not yet Paid 2,610,000 4,305,000
Long-term Debt [Member]
   
Supplemental disclosure of non-cash investing activities:    
Capital Expenditures Incurred but Not yet Paid $ 301,000 $ 233,000