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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) income $ (42,718) $ 8,477 $ 42,503
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for losses on accounts receivable 3,134 255 507
Deferral (reversal) of gain on sales to equity method investee, net 14 (7) (189)
Depreciation and amortization 65,480 80,529 75,859
Impairment of property and equipment 26,569 0 0
Amortization of deferred financing fees 154 147 148
Deferred income tax (benefit) expense (15,092) 3,454 13,840
Income tax benefit (expense) arising from restricted share vesting and stock options exercised 167 (105) (44)
Stock-based compensation expense 2,270 819 5,177
Equity in income of affiliate (3,944) (7,017) (7,732)
Return on investment in affiliated company 1,470 1,225 1,960
(Gain) loss on disposition of property and equipment (7,677) (2,829) 298
Loss on disposition of reportable segment 40,431 0 0
Return on investment in available-for-sale securities (25) 13 (13)
Changes in operating assets and liabilities:      
Receivables and advances (60,849) (6,706) (27,199)
Prepaid expenses and other assets 531 487 (2,127)
Inventory and supplies 1,091 (143) 168
Insurance and claims accrual 32,203 945 2,412
Accounts payable and accrued expenses 19,831 (15,513) 19,232
Net cash flows provided by operating activities 63,040 64,031 124,800
Cash flows from investing activities:      
Acquisition of Landair Holdings, Inc., net of cash acquired 0 0 (105,946)
Redemption (purchase) of available-for-sale securities 1,442 (1,365) (1,496)
Acquisition of property and equipment (94,049) (138,273) (75,142)
Proceeds from disposition of reportable segment 108,375 0 0
Proceeds from disposition of property and equipment 122,278 46,609 61,687
Net cash flows provided (used in) investing activities 138,046 (93,029) (120,897)
Cash flows from financing activities:      
Change in checks outstanding in excess of bank balances 839 (1,265) 1,857
Proceeds from issuance of notes payable 75,591 107,251 100,811
Repayments of notes payable (289,834) (44,278) (89,569)
Repayments of capital lease obligations (20,083) (7,225) (3,883)
Proceeds under revolving credit facility 1,341,678 1,734,338 1,598,213
Repayments under revolving credit facility (1,326,678) (1,738,249) (1,603,309)
Payment of minimum tax withholdings on stock compensation (297) (1,110) (242)
Debt refinancing costs 0 0 (10)
Common stock repurchased (17,486) 0 0
Net cash flows (used in) provided by financing activities (236,270) 49,462 3,868
Net change in cash and cash equivalents (35,184) 20,464 7,771
Cash and cash equivalents at beginning of year 43,591 23,127 15,356
Cash and cash equivalents at end of year 8,407 43,591 23,127
Supplemental disclosure of cash flow information:      
Interest, net of capitalized interest 7,365 11,026 8,568
Income taxes 870 752 (5,388)
Non-cash transactions during the year for:      
Equipment purchased under finance leases 3,258 0 19,638
Contingent liabilities $ 44,151 $ 0 $ 0