| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||
Net income | ||||||||
-9,232 | -9,585 | -1,463 | 2,986 | 5,019 | 7,231 | 16,458 | 1,035 | 1,382 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Deferred income tax provision (benefit) | ||||||||
-1,882 | -304 | -806 | 417 | 1,407 | 2,233 | 4,417 | -1,149 | 190 |
Depreciation and amortization | ||||||||
22,597 | 21,671 | 24,412 | 22,568 | 21,833 | 22,144 | 21,895 | 22,891 | 23,901 |
Losses on sale of equipment | ||||||||
-3,206 | 1,832 | -2,272 | -2,184 | -1,229 | -2,391 | -2,646 | -1,258 | -805 |
Share based compensation | ||||||||
836 | 1,036 | 930 | 1,024 | 856 | 892 | 727 | 421 | 208 |
Other | ||||||||
2,652 | -123 | 211 | 264 | 308 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Receivables | ||||||||
3,183 | -12,799 | 10,970 | -1,760 | -3,560 | -21,130 | 12,571 | 6,825 | 10,706 |
Prepaid insurance and licenses | ||||||||
5,784 | -8,895 | 12,801 | -5,373 | 4,761 | -5,748 | 9,250 | -4,738 | 5,242 |
Operating supplies | ||||||||
151 | -513 | 515 | -357 | 285 | -821 | -946 | 106 | 936 |
Other assets | ||||||||
-386 | 2,990 | 1,512 | 3,671 | -383 | -752 | 413 | 2,195 | 1,582 |
Accounts payable and other accrued liabilities | ||||||||
8,788 | -16,504 | 24,243 | 677 | -2,844 | -9,489 | 3,822 | -1,417 | -13,936 |
Accrued wages and benefits | ||||||||
1,845 | 25 | 1,672 | -1,175 | -1,226 | 1,000 | 948 | 1,991 | 2,365 |
Net cash provided by operating activities | ||||||||
20,078 | 20,503 | 25,673 | 32,094 | 25,479 | 67,485 | 25,763 | 20,962 | -1,863 |
Investing activities | ||||||||
Payments for purchases of property and equipment | ||||||||
76,761 | 23,852 | 22,762 | 68,533 | 36,604 | 98,383 | 62,692 | 35,993 | 26,871 |
Proceeds from sales of property and equipment | ||||||||
9,650 | 44,665 | 10,260 | 9,926 | 13,115 | 18,455 | 21,560 | 7,179 | 8,176 |
Other | ||||||||
2,000 | - | - | - | - | -2,980 | 0 | 2,188 | -1,688 |
Sale of subsidiary, net of cash | ||||||||
- | 587 | 1,827 | 743 | -9,002 | - | - | - | - |
Net cash used in investing activities | ||||||||
-69,111 | 21,400 | -12,675 | -57,864 | -32,491 | -76,948 | -41,132 | -29,314 | -18,695 |
Financing activities | ||||||||
Borrowings under lines of credit | ||||||||
147,654 | - | - | - | - | 73,000 | 4,900 | 111,756 | 102,676 |
Payments under lines of credit | ||||||||
70,654 | - | - | - | - | 73,000 | 4,900 | 160,815 | 82,950 |
Borrowings under long-term debt | ||||||||
142,644 | 27,538 | 13,099 | 51,349 | 14,355 | - | - | - | - |
Payments of long-term debt and finance leases | ||||||||
171,266 | 62,756 | 21,536 | 20,808 | 31,128 | - | - | - | - |
Borrowings under long-term debt | ||||||||
- | - | - | - | - | - | - | - | 23,438 |
Payments of long-term debt | ||||||||
- | - | - | - | - | - | - | - | 36,062 |
Payments of financing costs and original issue discount | ||||||||
1,255 | - | - | - | - | 4 | 11 | 4,137 | 14 |
Payments of long-term consideration for business acquisition | ||||||||
1,000 | 0 | 0 | 0 | 990 | 0 | 0 | 0 | 1,010 |
Tax withholding related to net share settlement of restricted stock awards | ||||||||
91 | 0 | 0 | 5 | 39 | - | - | - | - |
Proceeds from issuance of common stock under ESPP | ||||||||
420 | - | - | - | - | - | - | - | - |
Proceeds from long-term consideration for sale of subsidiary | ||||||||
144 | - | - | - | - | - | - | - | - |
Repurchase of membership units | ||||||||
- | - | - | - | - | - | - | - | 51 |
Book overdraft | ||||||||
-2,376 | 2,520 | 5,958 | -4,558 | -5,233 | 7,163 | -7,163 | 13,006 | -9,469 |
Net cash (used in) provided by financing activities | ||||||||
48,972 | -40,658 | -12,116 | 27,235 | -12,569 | 25,029 | 14,971 | 10,690 | 15,496 |
Cash included in assets held for sale | ||||||||
- | 0 | 0 | 0 | -11,784 | - | - | - | - |
Net change in cash and cash equivalents | ||||||||
-61 | 1,245 | 882 | 1,465 | -7,797 | - | - | - | - |
Net change in cash and cash equivalents | ||||||||
- | - | - | - | - | - | - | - | -5,062 |
Supplemental disclosure of cash flow information | ||||||||
Cash paid during the year for interest | ||||||||
4,215 | 5,034 | 5,480 | 5,002 | 5,620 | 5,100 | 4,777 | 26,280 | 11,249 |
Cash paid during the year for income taxes | ||||||||
243 | -253 | 59 | 343 | -91 | 235 | 258 | 1,440 | -330 |
Supplemental disclosure of significant noncash investing and financing activities | ||||||||
Finance lease extinguishments | ||||||||
- | 0 | 0 | 7 | 33 | - | - | - | - |
Debt obligations relieved in conjunction with the divestiture of Xpress Internacional | ||||||||
- | 0 | 0 | 0 | 7,109 | - | - | - | 1,706 |
Property and equipment amounts accrued in accounts payable | ||||||||
2,397 | - | - | - | - | - | - | - | - |
Capital Lease Obligations [Member] | ||||||||
Capital lease extinguishments | ||||||||
- | - | - | - | - | - | - | - | 764 |