XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash flows provided by operating activities:      
Net income $ 27,533 $ 18,006 $ 67,422
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 26,143 25,687  
Tires in service amortization 1,562 1,642  
Deferred income taxes 1,755 1,085  
Share-based payment arrangement compensation expense 369 336  
Changes in other current operating items:      
Receivables (26,256) (4,241)  
Prepaid expenses and other 886 1,445  
Accounts payable 5,572 677  
Insurance and claims accruals 578 2,117  
Accrued and other current liabilities 6,338 (1,200)  
Net cash provided by operating activities 39,940 43,570  
Cash flows provided by/(used for) investing activities:      
Other (38) (37)  
Net cash provided by/(used for) investing activities 409 (17,417)  
Cash flows used for financing activities:      
Repurchase and retirement of common stock (25,000) 0  
Dividends on common stock (4,975) (3,311)  
Issuance of common stock from share-based payment arrangement exercises, deferred compensation plan distributions and vesting of performance unit awards 768 161  
Employee taxes paid in exchange for shares withheld (1,610) (547)  
Net cash used for financing activities (30,817) (3,697)  
Net change in cash and cash equivalents 9,532 22,456  
Cash and cash equivalents:      
Beginning of period 56,995 66,127 88,583
End of period 66,527 88,583 $ 56,995
Supplemental non-cash disclosure:      
Change in property and equipment not yet paid 4,392 5,505  
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 872 1,350  
Revenue Equipment [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on disposition of revenue equipment (4,540) (1,984)  
Cash flows provided by/(used for) investing activities:      
Property, plant and equipment additions (9,352) (30,226)  
Proceeds from revenue equipment dispositions 12,365 13,896  
Buildings And Land Office Equipment And Other [Member]      
Cash flows provided by/(used for) investing activities:      
Property, plant and equipment additions $ (2,566) $ (1,050)