Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,893 $ 8,511
Accounts receivable, less allowance of $3,006 in 2017 and $1,714 in 2016 143,041 116,602
Inventories 1,425 1,306
Prepaid expenses and other current assets 9,955 9,851
Income tax receivable 4,428 0
Total current assets 162,742 136,270
Property and equipment:    
Land 16,928 16,928
Buildings 65,870 65,857
Equipment 291,181 273,463
Leasehold improvements 12,604 10,694
Construction in progress 12,652 12,079
Total property and equipment 399,235 379,021
Less accumulated depreciation and amortization 193,123 178,816
Net property and equipment 206,112 200,205
Goodwill and other acquired intangibles:    
Goodwill 191,671 184,675
Other acquired intangibles, net of accumulated amortization of $71,527 in 2017 and $61,334 in 2016 111,247 106,650
Total net goodwill and other acquired intangibles 302,918 291,325
Other assets 15,944 13,491
Total assets 687,716 641,291
Current liabilities:    
Accounts payable 24,704 18,012
Accrued payroll and related items 13,230 11,522
Insurance and claims accruals 11,999 10,122
Payables to owner-operators 6,322 5,597
Collections on behalf of customers 329 349
Other accrued expenses 2,869 4,243
Income taxes payable 320 70
Current portion of capital lease obligations 359 347
Current portion of long-term debt 0 27,665
Total current liabilities 60,132 77,927
Capital lease obligations, less current portion 365 725
Long-term debt, less current portion 40,223 0
Other long-term liabilities 24,104 21,699
Deferred income taxes 29,403 41,871
Commitments and contingencies (Note 7)
Shareholders' equity:    
Preferred stock $0.01 par value; Authorized shares - 5,000,000; no shares issued 0 0
Common stock, $0.01 par value: Authorized shares - 50,000,000, issued and outstanding shares - 29,454,062 in 2017 and 30,090,335 in 2016 295 301
Additional paid-in capital 195,346 179,512
Retained earnings 337,848 319,256
Total shareholders' equity 533,489 499,069
Total liabilities and shareholders' equity $ 687,716 $ 641,291