XML 29 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net (loss) income $ (2,551) $ 1,501
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 10,011 8,818
Deferred income tax, net 1,752 945
Share-based compensation 471 589
Loss (gain) on disposal of assets, net 38 (145)
Other 33 139
Changes in operating assets and liabilities:    
Accounts and other receivables (6,600) (4,942)
Inventories and prepaid expenses (917) (403)
Accounts payable and accrued liabilities 109 754
Insurance and claims accruals (594) 1,418
Other long-term assets and liabilities 581 (710)
Net cash provided by operating activities 2,333 7,964
Investing activities:    
Acquisition of Davis Transfer Company (net of cash)   (305)
Capital expenditures (11,137) (17,041)
Proceeds from sale of property and equipment 1,036 5,858
Net cash used in investing activities (10,101) (11,488)
Financing activities:    
Borrowings under long-term debt 21,025 12,050
Payments on long-term debt (10,425) (6,235)
Principal payments on financing lease obligations (4,150) (3,110)
Net change in bank drafts payable 1,363 486
Net payments for tax withholdings for vested stock-based awards (57) (72)
Net cash provided by financing activities 7,756 3,119
Decrease in cash (12) (405)
Cash:    
Beginning of period 97 989
End of period 85 584
Supplemental disclosure of cash flow information:    
Interest 1,450 1,482
Income taxes 5  
Supplemental disclosure of non-cash investing:    
Sales of revenue equipment included in accounts receivable $ 1,259  
Purchase of revenue equipment included in accounts payable   $ 3,214