XML 58 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 6,542 $ 18,875
Adjustments to reconcile net income to net cash provided by operating activities:    
Early extinguishment of debt   7,753
Deferred income tax provision 1,018 3,458
Depreciation and amortization 68,813 68,687
Losses on sale of equipment 5,685 4,709
Share based compensation 2,810 1,356
Other 783 (2,091)
Interest paid (received) in kind   (7,516)
Gain on sale of subsidiary (670)  
Changes in operating assets and liabilities:    
Receivables (5,650) (30,102)
Prepaid insurance and licenses (12,189) (9,754)
Operating supplies (443) (96)
Other assets (4,800) (4,190)
Accounts payable and other accrued liabilities 22,076 (11,531)
Accrued wages and benefits (729) 5,304
Net cash provided by operating activities 83,246 44,862
Investing activities    
Payments for purchases of property and equipment (127,899) (125,556)
Proceeds from sales of property and equipment 33,301 36,915
Other (2,000) (500)
Sale of subsidiary, net of cash (6,432)  
Net cash used in investing activities (103,030) (89,141)
Financing activities    
Borrowings under lines of credit 56,200 219,332
Payments under lines of credit (53,300) (248,665)
Borrowings under long-term debt 78,803 289,943
Payments of long-term debt (73,472) (464,375)
Payments of financing costs and original issue discount (170) (4,162)
Proceeds from IPO, net of issuance costs   246,685
Payments of long-term consideration for business acquisition (990) (1,010)
Purchase of noncontrolling interest (8,659)  
Tax withholding related to net share settlement of restricted stock awards (44)  
Proceeds from issuance of common stock under ESPP 349  
Repurchase of membership units   (217)
Book overdraft 3,833 3,626
Net cash provided by financing activities 2,550 41,157
Change in cash previously included in assets held for sale 11,784  
Net change in cash and cash equivalents (5,450) (3,122)
Cash and cash equivalents:    
Beginning of period 9,892 9,232
End of period 4,442 6,110
Supplemental disclosure of cash flow information    
Cash paid during the year for interest 16,102 42,306
Cash paid during the year for income taxes 311 1,368
Supplemental disclosure of significant noncash investing and financing activities    
Debt obligations relieved in conjunction with the divestiture of Xpress Internacional 7,109  
Property and equipment amounts accrued in accounts payable 1,622  
Capital lease extinguishments 40 1,096
Uncollected proceeds from asset sales $ 1,607 $ 231