Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 58,801 $ 74,504
Accounts receivable, less allowance of $1,503 in 2011 and $1,996 in 2010 70,922 62,763
Inventories 881 830
Prepaid expenses and other current assets 7,102 5,717
Deferred income taxes 2,011 2,149
Total current assets 139,717 145,963
Property and equipment:    
Land 16,928 16,928
Buildings 65,457 65,433
Equipment 134,275 123,989
Leasehold improvements 5,778 5,907
Construction in progress 697 1,447
Total property and equipment 223,135 213,704
Less accumulated depreciation and amortization 93,267 87,272
Net property and equipment 129,868 126,432
Goodwill and other acquired intangibles:    
Goodwill 43,332 43,332
Other acquired intangibles, net of accumulated amortization of $21,462 in 2011 and $16,871 in 2010 26,668 31,259
Total net goodwill and other acquired intangibles 70,000 74,591
Other assets 1,566 1,810
Total assets 341,151 348,796
Current liabilities:    
Accounts payable 12,392 10,687
Accrued payroll and related items 7,739 5,858
Insurance and claims accruals 4,806 5,647
Payables to owner-operators 3,197 3,674
Collections on behalf of customers 473 430
Other accrued expenses 385 671
Income taxes payable 4,386 0
Current portion of capital lease obligations 552 638
Total current liabilities 33,930 27,605
Capital lease obligations, less current portion 333 883
Long-term debt, less current portion 0 50,000
Other long-term liabilities 8,860 8,106
Deferred income taxes 11,126 6,116
Commitments and contingencies (Note 8)      
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 - 28,553,286 in 2011 and 29,030,919 in 2010 285 290
Additional paid-in capital 42,212 24,300
Retained earnings 244,405 231,496
Total shareholders' equity 286,902 256,086
Total liabilities and shareholders' equity $ 341,151 $ 348,796