| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||
Net income | |||||||||||
72,967 | 72,677 | 75,173 | 56,386 | 73,056 | 84,834 | 70,582 | 61,541 | 69,932 | 62,216 | 56,949 | 69,968 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
100,932 | 101,329 | 103,905 | 105,580 | 111,848 | 109,629 | 69,649 | 57,821 | 57,876 | 61,949 | 58,730 | 46,109 |
Deferred income taxes | |||||||||||
-4,699 | -2,755 | 27,121 | 4,584 | -8,618 | -39,067 | -10,262 | 5,751 | -14,743 | 8,440 | -14,637 | -2,192 |
Stock-based compensation | |||||||||||
2,065 | 539 | 511 | 0 | 0 | - | - | - | - | - | - | - |
Loss on sale of investments | |||||||||||
- | - | - | - | - | - | 200 | 0 | 0 | - | - | - |
Amortization of stock-based compensation, net of tax | |||||||||||
- | - | - | 856 | 1,251 | 1,134 | 1,184 | 2,379 | 150 | 0 | 0 | - |
Loss (gain) on disposal of property and equipment | |||||||||||
31,341 | 24,963 | 26,674 | 9,205 | 35,040 | 33,544 | 33,270 | 15,109 | 32,133 | 13,317 | 19,708 | 9,558 |
Changes in certain working capital items: | |||||||||||
Trade receivables | |||||||||||
-6,676 | -15,338 | -15,239 | -14,165 | -16,025 | -7,366 | -7,834 | 2,357 | 2,579 | 4,258 | 558 | -7,556 |
Prepaid expenses and other current assets | |||||||||||
-509 | -1,227 | -860 | -5,017 | -4,301 | 1,009 | -904 | -5,688 | 6,459 | -252 | -671 | 1,018 |
Accounts payable, accrued liabilities, and accrued expenses | |||||||||||
-10,758 | -26,012 | -26,893 | -11,063 | 202 | -19,017 | -9,722 | 953 | -952 | 1,609 | -567 | 8,383 |
Accrued income taxes | |||||||||||
623 | 3,653 | -5,462 | -1,371 | 10,211 | -16,007 | -6,388 | -2,992 | -1,498 | -1,404 | -9,051 | -1,820 |
Net cash provided by operating activities | |||||||||||
146,372 | 146,543 | 109,538 | 155,781 | 190,472 | 172,453 | 111,235 | 102,173 | 99,080 | 98,607 | 101,103 | 121,812 |
INVESTING ACTIVITIES | |||||||||||
Proceeds from sale of property and equipment | |||||||||||
92,942 | 130,752 | 147,578 | 57,280 | 148,792 | 91,266 | 92,313 | 29,184 | 73,018 | 21,649 | 11 | 1,849 |
Purchases of property and equipment, net of trades | |||||||||||
163,780 | 169,276 | 184,114 | 86,088 | 217,253 | 204,973 | 135,195 | 66,811 | 126,257 | 14,551 | 79,123 | 35,949 |
Change in designated fund for equipment purchases | |||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - | - |
Change in designated funds for claims acquired | |||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - |
Maturity, calls and sales of investments | |||||||||||
- | - | - | - | - | - | 21,100 | 32,350 | 38,125 | 79,225 | 27,000 | 20,750 |
Acquisition of business, net of cash acquired | |||||||||||
61,927 | 0 | 86,728 | 0 | 0 | 3,011 | 110,900 | 0 | 0 | - | - | - |
Change in other assets | |||||||||||
26 | -710 | 233 | 0 | -1,248 | -1,239 | 825 | 704 | 1,818 | 217 | 311 | -279 |
Purchases of investments | |||||||||||
- | - | - | - | - | - | - | - | - | 18,000 | 350 | 14,046 |
Net cash used in investing activities | |||||||||||
-132,791 | -37,814 | -123,497 | -28,808 | -67,213 | -115,479 | -133,507 | -5,981 | -16,932 | 68,106 | -52,773 | -27,117 |
FINANCING ACTIVITIES | |||||||||||
Payments of cash dividends | |||||||||||
6,563 | 6,589 | 6,667 | 6,666 | 6,942 | 7,034 | 6,861 | 91,934 | 7,148 | 97,944 | 7,270 | 9,601 |
Shares withheld for employee taxes related to stock-based compensation | |||||||||||
532 | 213 | 198 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from Lines of Credit | |||||||||||
- | - | - | - | - | 19,100 | 75,000 | 0 | - | - | - | - |
Repayments on acquired debt | |||||||||||
93,348 | 0 | 23,303 | 0 | 24,600 | 69,500 | 0 | 0 | - | - | - | - |
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | |||||||||||
- | - | - | - | -1,764 | 0 | 0 | - | - | - | - | - |
Proceeds from Issuance of Long-term Debt | |||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - |
Repayments on line of credit | |||||||||||
- | - | - | - | - | - | 147,942 | 0 | 0 | - | - | - |
Repurchases of common stock | |||||||||||
0 | 25,087 | 0 | 14,678 | 74,024 | 0 | 0 | 24,190 | 56,350 | 0 | 45,360 | 36,403 |
Net cash used in financing activities | |||||||||||
-100,443 | -31,889 | -30,168 | -21,344 | -107,330 | -57,434 | -79,803 | -116,124 | -63,498 | -97,944 | -52,630 | -46,004 |
Net (decrease) increase in cash, cash equivalents and restricted cash | |||||||||||
-86,862 | 76,840 | -44,127 | 105,629 | 15,929 | -460 | -102,075 | -19,932 | 18,650 | 68,769 | -4,300 | 48,691 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||||||||||
Interest Paid | |||||||||||
929 | 0 | 153 | 0 | 40 | 484 | 4 | 0 | 0 | - | - | - |
Cash paid (received) during the period for income taxes, net of refunds | |||||||||||
18,888 | 12,832 | 21,909 | 35,537 | 24,701 | 23,723 | 38,101 | 42,776 | 24,152 | 40,502 | 18,767 | 36,739 |
Noncash investing and financing activities: | |||||||||||
Fair value of revenue equipment traded | |||||||||||
- | - | - | - | - | 3,393 | 2,138 | 0 | 0 | 14,604 | 60,645 | 20,991 |
Purchased property and equipment in accounts payable | |||||||||||
1,476 | 1,944 | 3,387 | 63 | 1,217 | 230 | 11,191 | 698 | 1,683 | 1,190 | 178 | 2,778 |
Sold revenue equipment in other current assets | |||||||||||
1,282 | 3,783 | 869 | 160 | 0 | 0 | - | - | - | - | - | - |
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH | |||||||||||
Common stock dividends declared in accounts payable | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 15 |
Issuance of common stock in acquisition of business | |||||||||||
- | - | - | - | - | - | 41,100 | - | 0 | - | - | - |