Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.6.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 8,511 $ 33,312
Accounts receivable, less allowance of $1,714 in 2016 and $2,405 in 2015 116,602 109,165
Inventories 1,306 1,310
Prepaid expenses and other current assets 9,851 10,794
Income tax receivable 0 18,876
Total current assets 136,270 173,457
Property and equipment:    
Land 16,928 16,998
Buildings 65,857 66,502
Equipment 273,463 241,391
Leasehold improvements 10,694 9,228
Construction in progress 12,079 9,028
Total property and equipment 379,021 343,147
Less accumulated depreciation and amortization 178,816 155,859
Net property and equipment 200,205 187,288
Goodwill and other acquired intangibles:    
Goodwill 184,675 205,609
Other acquired intangibles, net of accumulated amortization of $61,334 in 2016 and $51,212 in 2015 106,650 127,800
Total net goodwill and other acquired intangibles 291,325 333,409
Other assets 13,491 5,778
Total assets 641,291 699,932
Current liabilities:    
Accounts payable 18,012 23,334
Accrued payroll and related items 11,522 10,051
Insurance and claims accruals 10,122 8,935
Payables to owner-operators 5,597 7,901
Collections on behalf of customers 349 517
Other accrued expenses 4,243 2,419
Income taxes payable 70 0
Current portion of capital lease obligations 347 331
Current portion of long-term debt 27,665 55,556
Total current liabilities 77,927 109,044
Capital lease obligations, less current portion 725 1,074
Long-term debt, less current portion 0 27,543
Other long-term liabilities 21,699 12,340
Deferred income taxes 41,871 39,876
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 - 30,090,335 in 2016 and 30,543,864 in 2015 301 305
Additional paid-in capital 179,512 160,855
Retained earnings 319,256 348,895
Total shareholders' equity 499,069 510,055
Total liabilities and shareholders' equity $ 641,291 $ 699,932