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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income $ 108,682 $ 60,731
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for losses on accounts receivable 367 1,338
(Reversal) deferral of gain on sales to equity method investee, net (39) 52
Depreciation and amortization 57,512 53,881
Deferred income tax benefit 13,968 18,413
Income tax expense arising from restricted share vesting and stock options exercised (526) (334)
Stock-based compensation expense 6,587 9,059
Equity in income of affiliate (25,193) (14,782)
Return on investment in affiliated company 14,700 4,900
Gain on disposition of property and equipment (40,322) (3,799)
Return on investment in available-for-sale securities 0 (63)
Changes in operating assets and liabilities:    
Receivables and advances 39,465 (36,544)
Prepaid expenses and other assets (3,832) (710)
Inventory and supplies (193) (204)
Insurance and claims accrual (5,729) (31,653)
Accounts payable and accrued expenses (6,217) 12,933
Net cash flows provided by operating activities 159,230 73,218
Cash flows from investing activities:    
Acquisition of AAT Carriers, Inc., net of cash acquired (38,501) 0
Other investments (241) (13)
Redemption of available-for-sale securities 0 1,508
Acquisition of property and equipment (100,468) (35,285)
Proceeds from disposition of property and equipment 53,002 44,134
Net cash flows (used) provided by investing activities (86,208) 10,344
Cash flows from financing activities:    
Change in checks outstanding in excess of bank balances (216) (1,215)
Cash dividend (4,287) 0
Proceeds from issuance of notes payable 95,151 0
Proceeds from exercise of stock options 384 0
Repayments of notes payable (11,956) (14,397)
Repayments of finance lease obligations (5,516) (5,626)
Proceeds under revolving credit facility 60,226 644,874
Repayments under revolving credit facility (60,226) (695,513)
Payment of minimum tax withholdings on stock compensation (1,606) (1,332)
Common stock repurchased (84,723) (10,348)
Net cash flows used in financing activities (12,769) (83,557)
Net change in cash and cash equivalents 60,253 5
Cash and cash equivalents at beginning of year 8,412 8,407
Cash and cash equivalents at end of year 68,665 8,412
Supplemental disclosure of cash flow information:    
Interest, net of capitalized interest 3,306 2,762
Income taxes 16,653 10,236
Non-cash transactions during the year for:    
Equipment acquired under finance leases 458 0
Contingent consideration associated with acquisition 16,210 0
Other contingent liabilities $ (1,000) $ (3,412)