XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income (loss) $ 7,790 $ (3,482)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 18,733 20,045
Bad debt expense (102) 478
Deferred income tax (benefit) expense, net (1,979) 807
Share-based compensation 745 834
(Gain) loss on disposal of assets, net (317) 22
Asset impairments   588
Other 71 40
Changes in operating assets and liabilities:    
Accounts and other receivables (18,174) (5,797)
Inventories and prepaid expenses 1,852 1,172
Accounts payable and accrued expenses 6,213 1,594
Insurance and claims accruals 357 (2,745)
Other long-term assets and liabilities 503 850
Net cash provided by operating activities 15,692 14,406
Investing activities:    
Capital expenditures (1,066) (9,809)
Proceeds from sale of property and equipment 6,141 1,459
Net cash provided by (used in) investing activities 5,075 (8,350)
Financing activities:    
Borrowings under long-term debt 28,760 33,200
Payments on long-term debt (39,156) (27,492)
Principal payments on financing lease obligations (5,888) (11,366)
Net change in bank drafts payable (2,785) (346)
Net payments for tax withholdings for vested stock-based awards (9) (57)
Net cash used in financing activities (19,078) (6,061)
Increase (decrease) in cash and restricted cash 1,689 (5)
Cash and restricted cash:    
Beginning of period 325 97
End of period 2,014 92
Supplemental disclosure of cash flow information:    
Interest 2,106 2,704
Income taxes, net of refunds 6,623 29
Supplemental disclosure of non-cash investing:    
Sales of revenue equipment included in other receivables   $ 730
Purchase of revenue equipment included in accounts payable $ 1,021