Annual report pursuant to Section 13 and 15(d)

Discontinued Operation and Held for Sale (Tables)

v3.20.4
Discontinued Operation and Held for Sale (Tables)
 12 Months Ended
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operation and Held For Sale
A summary of the carrying amounts of major classes of assets and liabilities, which are included in assets and liabilities held for sale in the Consolidated Balance Sheets, is as follows:

  December 31,
2020		 December 31,
2019
Assets
Current assets:    
Accounts receivable, less allowance of $86 in 2020 and $48 in 2019 $ 19,740  $ 13,983 
Other current assets 1,262  969 
Total current assets held for sale $ 21,002  $ 14,952 
Property and equipment $ 48,905  $ 53,166 
Less accumulated depreciation and amortization 28,890  32,891 
Net property and equipment 20,015  20,275 
Operating lease right-of-use assets 46,865  46,487 
Goodwill —  5,406 
Other acquired intangibles, net of accumulated amortization of $12,679 in 2020 and $12,359 in 2019 2,621  2,941 
Deferred income taxes 3,253  — 
Other assets 3,321  1,595 
Valuation allowance on assets held for sale (22,978) — 
Total noncurrent assets held for sale $ 53,097  $ 76,704 
Liabilities    
Current liabilities:    
Accounts payable $ 4,002  $ 4,575 
Accrued expenses 5,070  5,668 
Other current liabilities 27  2 
Current portion of operating lease liabilities 16,825  14,729 
Total current liabilities held for sale $ 25,924  $ 24,974 
  Operating lease liabilities, less current portion $ 30,024  $ 31,847 
  Other long-term liabilities 4,551  2,368 
  Deferred income taxes —  2,728 
Total noncurrent liabilities held for sale $ 34,575  $ 36,943 
A summary of the results of operations classified as a discontinued operation, net of tax, in the Consolidated Statements of Comprehensive Income for the years ended December 31, 2020, 2019 and 2018 is as follows:

  Year ended
  December 31,
2020		 December 31,
2019		 December 31,
2018
Operating revenue $ 141,433  $ 195,208  $ 183,273 
Operating expenses:    
Purchased transportation 33,979  52,867  49,323 
Salaries, wages and employee benefits 65,695  77,162  70,596 
Operating leases 21,982  18,918  17,488 
Depreciation and amortization 1,657  5,715  6,352 
Insurance and claims 6,205  6,707  5,611 
Fuel expense 4,279  6,462  6,961 
Other operating expenses 17,587  20,969  22,126 
Impairment charge 28,384  —  — 
Total operating expenses 179,768  188,800  178,457 
(Loss) income from discontinued operation before income taxes (38,335) 6,408  4,816 
Income tax (benefit) expense (9,301) 1,631  1,328 
(Loss) income from discontinued operation, net of tax $ (29,034) $ 4,777  $ 3,488