v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net loss $ (4,821) $ (13,873)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,158 41,628
Deferred income taxes (2,149) (7,998)
Stock-based compensation expense 160 667
Debt-related amortization 0 175
Gain on disposal of property and equipment (7,317) (1,784)
Changes in certain working capital items:    
Trade receivables (3,671) (3,371)
Prepaid expenses and other current assets 2,104 1,291
Accounts payable, accrued liabilities, and accrued expenses 2,179 4,784
Accrued income taxes 1,510 4,324
Net cash provided by operating activities 23,153 25,843
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 32,928 11,905
Purchases of property and equipment (18,019) (23,558)
Change in other assets 18 154
Net cash provided by (used in) investing activities 14,927 (11,499)
FINANCING ACTIVITIES    
Payments of cash dividends (1,550) (1,570)
Shares withheld for employee taxes related to stock-based compensation (77) (96)
Repayments of finance leases and debt (9,883) (1,342)
Net cash used in financing activities (11,510) (3,008)
Net increase in cash, cash equivalents and restricted cash 26,570 11,336
CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Beginning of period 31,445 26,284
End of period 58,015 37,620
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for interest expense 2,525 3,169
Cash paid during the period for income taxes, net of refunds 168 (328)
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 14,185 32,444
Sold revenue equipment and property in other current assets 2,579 0
Common stock dividends declared in accounts payable 1,550 1,572
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 44,490 23,873
Restricted cash included in other current assets 243 269
Restricted cash included in other assets 13,282 13,478
Total cash, cash equivalents and restricted cash $ 58,015 $ 37,620