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Prepaid Tires, Property, Equipment and Depreciation
6 Months Ended
Jun. 30, 2018
Property, Plant and Depreciation [Abstract]  
Property, Equipment, and Depreciation Prepaid Tires, Property, Equipment, and Depreciation

Property and equipment are reported at cost, net of accumulated depreciation. Maintenance and repairs are charged to operations as incurred.  New tires are capitalized separately from revenue equipment and are reported separately as “Prepaid tires” in the consolidated balance sheets and amortized over two years. Depreciation for financial statement purposes is computed by the straight-line method for all assets other than tractors.  We recognize depreciation expense on tractors using the 125% declining balance method. New tractors are depreciated to salvage values of $15,000 while new trailers are depreciated to salvage values of $4,000. At June 30, 2018, there was $5.6 million of amounts receivable related to equipment sales which was recorded in other current assets compared to $0.9 million at December 31, 2017.