Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.3.1.900
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 33,312 $ 41,429
Accounts receivable, less allowance of $2,405 in 2015 and $2,563 in 2014 109,165 95,326
Inventories 1,310 1,056
Prepaid expenses and other current assets 10,794 9,648
Income tax receivable 18,876 0
Total current assets 173,457 147,459
Property and equipment:    
Land 16,998 16,998
Buildings 66,502 66,477
Equipment 241,391 212,216
Leasehold improvements 9,228 7,957
Construction in progress 9,028 1,540
Total property and equipment 343,147 305,188
Less accumulated depreciation and amortization 155,859 132,699
Net property and equipment 187,288 172,489
Goodwill and other acquired intangibles:    
Goodwill 205,609 144,412
Other acquired intangibles, net of accumulated amortization of $51,212 in 2015 and $40,307 in 2014 127,800 72,705
Total net goodwill and other acquired intangibles 333,409 217,117
Other assets 6,017 2,244
Total assets 700,171 539,309
Current liabilities:    
Accounts payable 23,334 20,572
Accrued payroll and related items 10,051 8,122
Insurance and claims accruals 8,935 6,042
Payables to owner-operators 7,901 4,182
Collections on behalf of customers 517 374
Other accrued expenses 2,419 2,571
Income taxes payable 0 1,292
Current portion of capital lease obligations 331 276
Current portion of long-term debt 55,556 0
Total current liabilities 109,044 43,431
Capital lease obligations, less current portion 1,074 1,275
Long-term debt, less current portion 27,782 0
Other long-term liabilities 12,340 8,356
Deferred income taxes $ 39,876 $ 22,684
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 - 30,543,864 in 2015 and 30,255,182 in 2014 305 303
Additional paid-in capital 160,855 130,107
Retained earnings 348,895 333,153
Total shareholders' equity 510,055 463,563
Total liabilities and shareholders' equity $ 700,171 $ 539,309