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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating activities: | ||
| Net income | $ 4,837us-gaap_NetIncomeLoss | $ 10,202us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 8,684us-gaap_DepreciationDepletionAndAmortization | 7,013us-gaap_DepreciationDepletionAndAmortization |
| Share-based compensation | 1,786us-gaap_ShareBasedCompensation | 1,652us-gaap_ShareBasedCompensation |
| (Gain) loss on disposal of property and equipment | (149)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 16us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
| Provision for (recovery) loss on receivables | (19)us-gaap_ProvisionForDoubtfulAccounts | 42us-gaap_ProvisionForDoubtfulAccounts |
| Provision for revenue adjustments | 907us-gaap_ProvisionForOtherLosses | 641us-gaap_ProvisionForOtherLosses |
| Deferred income tax | 3,045us-gaap_DeferredIncomeTaxExpenseBenefit | 132us-gaap_DeferredIncomeTaxExpenseBenefit |
| Excess tax benefit for stock options exercised | (2,329)us-gaap_DeferredTaxExpenseFromStockOptionsExercised | (637)us-gaap_DeferredTaxExpenseFromStockOptionsExercised |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (2,332)us-gaap_IncreaseDecreaseInReceivables | (8,493)us-gaap_IncreaseDecreaseInReceivables |
| Prepaid expenses and other current assets | 2,618us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 7,048us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable and accrued expenses | (9,589)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 2,416us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash provided by operating activities | 7,459us-gaap_NetCashProvidedByUsedInOperatingActivities | 20,032us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities: | ||
| Proceeds from disposal of property and equipment | 582us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 79us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Purchases of property and equipment | (5,229)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (19,548)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Acquisition of businesses, net of cash acquired | (62,323)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (82,997)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Other | (135)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (61)us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used in investing activities | (67,105)us-gaap_NetCashProvidedByUsedInInvestingActivities | (102,527)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities: | ||
| Proceeds from term loan | 125,000us-gaap_ProceedsFromIssuanceOfLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Payments of debt and capital lease obligations | (59,116)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities | (9,491)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities |
| Proceeds from exercise of stock options | 10,139us-gaap_ProceedsFromStockOptionsExercised | 9,840us-gaap_ProceedsFromStockOptionsExercised |
| Payments of cash dividends | (3,714)us-gaap_PaymentsOfDividends | (3,733)us-gaap_PaymentsOfDividends |
| Cash settlement of share-based awards for minimum tax withholdings | (1,926)fwrd_CashSettlementOfShareBasedAwardsForMinimumTaxWithholdings | (1,081)fwrd_CashSettlementOfShareBasedAwardsForMinimumTaxWithholdings |
| Excess tax benefit for stock options exercised | 2,329us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 637us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Net cash provided by (used in) financing activities | 72,712us-gaap_NetCashProvidedByUsedInFinancingActivities | (3,828)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net increase (decrease) in cash | 13,066us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (86,323)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash at beginning of period | 41,429us-gaap_CashAndCashEquivalentsAtCarryingValue | 127,367us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash at end of period | $ 54,495us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 41,044us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
For vesting of restricted stock granted to certain employees, this element represents the payment to reacquire sufficient vested shares to satisfy the employees' minimum tax witholding requirement. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred tax expense from write-off of the deferred tax asset related to deductible stock options at exercise. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to other loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with security instruments that either represent a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Includes repayments of (a) debt, (b) capital lease obligations, (c) mandatory redeemable capital securities, and (d) any combination of (a), (b), or (c). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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