XML 45 R27.htm IDEA: XBRL DOCUMENT v3.19.1
Note 1 - Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Disaggregation of Revenue [Table Text Block]
(in thousands)
 
Twelve Months Ended
 
   
December 31,
 
   
2018
   
2017
   
2016
 
Total Revenues:
                       
 
                       
Truckload Segment:                        
Expedited   $
334,118
    $
332,930
    $
370,689
 
Dedicated    
247,877
     
144,845
     
60,154
 
Refrigerated
   
135,189
     
135,059
     
170,383
 
OTR
   
9,862
     
-
     
-
 
Truckload Revenues
   
727,046
     
612,834
     
601,226
 
 
                       
Managed Freight Segment:                        
Brokerage    
114,827
     
89,042
     
66,867
 
Warehouse    
16,480
     
-
     
-
 
TMS    
14,940
     
-
     
-
 
Shuttle & Switching    
7,100
     
-
     
-
 
Factoring    
5,062
     
3,131
     
2,558
 
Managed Freight Revenues    
158,409
     
92,173
     
69,425
 
 
                       
Total   $
885,455
    $
705,007
    $
670,651
 
Summary of Valuation Allowance [Table Text Block]
Years ended December 31:
 
Beginning balance January 1,
   
Additional provisions to (reversal of) allowance
   
Write-offs and other adjustments
   
Ending balance December 31,
 
                                 
2018
  $
1,456
    $
507
    $
22
    $
1,985
 
                                 
2017
  $
1,345
    $
454
    $
(343
)   $
1,456
 
                                 
2016
  $
1,857
    $
(241
)   $
(271
)   $
1,345
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
(in thousands except per share data)
                       
   
2018
   
2017
   
2016
 
Numerator:
                       
                         
Net income
  $
42,503
    $
55,439
    $
16,835
 
                         
Denominator:
                       
                         
Denominator for basic income per share – weighted-average shares
   
18,340
     
18,279
     
18,182
 
Effect of dilutive securities:
                       
Equivalent shares issuable upon conversion of unvested restricted shares
   
129
     
93
     
84
 
Denominator for diluted income per share adjusted weighted-average shares and assumed conversions
   
18,469
     
18,372
     
18,266
 
                         
Net income per share:
                       
Basic income per share
  $
2.32
    $
3.03
    $
0.93
 
Diluted income per share
  $
2.30
    $
3.02
    $
0.92
 
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
   
Twelve Months Ended December 31, 2018
 
     
 
     
 
   
Balances without
     
 
     
 
   
adoption of Topic
Financial Statement Line Item (in thousands)
 
As reported
   
Adjustments
     
606
 
Consolidated Balance Sheet
 
 
 
 
 
 
 
 
 
 
 
 
Accounts receivable, net of allowances
  $
151,093
    $
(1,244
)   $
149,849
 
Total assets
   
773,524
     
(1,244
)    
772,280
 
Accrued expenses
   
49,503
     
(277
)    
49,226
 
Deferred income taxes
   
77,467
     
(266
)    
77,201
 
Total liabilities
   
430,382
     
(543
)    
429,839
 
Retained earnings
   
200,566
     
(701
)    
199,865
 
Total stockholders’ equity
   
343,142
     
(701
)    
342,441
 
Total liabilities and stockholders’ equity
   
773,524
     
(1,244
)    
772,280
 
Consolidated Statement of Operations
 
 
 
 
 
 
 
 
 
 
 
 
Freight revenue
   
779,729
     
(234
)    
779,495
 
Total revenue
   
885,455
     
(234
)    
885,221
 
Salaries, wages and related expenses
   
304,447
     
13
     
304,460
 
Revenue equipment rentals and purchased transportation
   
183,645
     
(95
)    
183,550
 
Total operating expenses
   
826,469
     
(82
)    
826,387
 
Income tax expense (benefit)
   
15,507
     
(41
)    
15,466
 
Net income
   
42,503
     
(111
)    
42,392
 
Consolidated Statement of Comprehensive Income
 
 
 
 
 
 
 
 
 
 
 
 
Net income
   
42,503
     
(111
)    
42,392
 
Comprehensive income
   
42,414
     
(111
)    
42,303
 
Consolidated Statement of Cash Flows
 
 
 
 
 
 
 
 
 
 
 
 
Operating Cash Flows
                       
Net income
   
42,503
     
(111
)    
42,392
 
Deferred income tax expense (benefit)
   
13,840
     
(41
)    
13,799
 
Change in: Receivables and advances
   
(27,199
)    
234
     
(26,965
)
Change in: Accounts payable and accrued expenses
   
19,232
     
(82
)    
19,150
 
Net cash flows provided by operating activities
   
124,800
     
-
     
124,800