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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Operating activities:      
Net income $ 13,111 $ 3,597  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,024 9,570  
Bad debt (benefit) expense (205)    
Deferred income tax benefit, net (402) (984)  
Stock-based compensation 748 168  
(Gain) loss on disposal of assets, net (6,401) (177)  
Other 165 4  
Changes in operating assets and liabilities:      
Accounts and other receivables (9,484) (18,089)  
Inventories and prepaid expenses 1,100 (82)  
Accounts payable and accrued expenses 9,465 14,431  
Insurance and claims accruals (75) 878  
Other long-term assets and liabilities (2,233) (3,332)  
Net cash provided by operating activities 13,813 5,984  
Investing activities:      
Capital expenditures (754) (395)  
Proceeds from sale of property and equipment 12,002 5,451  
Net cash used in investing activities 11,248 5,056  
Financing activities:      
Borrowings under long-term debt 6,000 13,150  
Payments on long-term debt (49,321) (16,169)  
Principal payments on financing lease obligations (2,508) (2,992)  
Payment of debt issuance costs (774)    
Net change in bank drafts payable (111) (2,429)  
Proceeds from issuance of long-term debt 41,974    
Proceeds from capital sale leaseback     $ 24,500
Net payments for tax withholdings for vested stock-based awards (1,080) (5)  
Net cash used in financing activities (5,820) (8,445)  
Increase in cash and restricted cash 19,241 2,595  
Cash and restricted cash:      
Beginning of period 1,352 325 325
End of period 20,593 2,920 $ 1,352
Supplemental disclosure of cash flow information:      
Interest 1,303 $ 1,059  
Income taxes, net of refunds 21    
Supplemental disclosure of non-cash investing:      
Purchase of revenue equipment included in accounts payable $ 430