XML 36 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 43,811 $ 31,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 78,964 75,756
Deferred income taxes 22,721 (17,276)
Gain on disposal of property and equipment (10,422) (1,649)
Stock-based compensation 1,147 507
Insurance claims accruals, net of current portion 4,500 3,000
Other (144) 1,014
Changes in certain working capital items:    
Accounts receivable, net (22,986) (11,065)
Other current assets 746 12,468
Accounts payable 5,595 5,725
Other current liabilities (6,902) 11,170
Net cash provided by operating activities 117,030 111,416
Cash flows from investing activities:    
Additions to property and equipment (140,766) (82,372)
Retirements of property and equipment 34,826 30,057
Decrease in notes receivable 2,828 2,230
Net cash used in investing activities (103,112) (50,085)
Cash flows from financing activities:    
Repayments of short-term debt (20,000) (10,000)
Proceeds from issuance of short-term debt 20,000 10,000
Dividends on common stock (7,271) (7,198)
Stock options exercised 2,385 4,761
Excess tax benefits from exercise of stock options 471 2,024
Net cash used in financing activities (4,415) (413)
Effect of foreign exchange rate fluctuations on cash 14 (155)
Net increase in cash and cash equivalents 9,517 60,763
Cash and cash equivalents, beginning of period 13,966 18,430
Cash and cash equivalents, end of period 23,483 79,193
Supplemental disclosures of cash flow information:    
Interest paid 38 12
Income taxes paid 20,341 30,910
Supplemental schedule of non-cash investing activities:    
Notes receivable issued upon sale of revenue equipment $ 2,165 $ 2,415