v3.26.1
BUSINESS ACQUISITION (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Purchase Price allocations of Acquisitions
The following table summarizes the provisional purchase price allocation for FirstFleet as of June 30, 2026 (in thousands):
Provisional Purchase Price
Cash consideration paid
$177,387 
(1)
Contingent consideration arrangement
30,000 
(2)
Deferred cash payments
7,368 
(3)
Total provisional purchase price (fair value of consideration)
214,755 

Provisional Purchase Price Allocation
Accounts receivable, trade
77,250 
Inventories and supplies1,927 
Prepaid expenses8,007 
Other current assets3,130 
Property and equipment
175,573 
Finance lease right-of-use assets
57,195 
Goodwill9,472 
Intangible assets22,600 
Operating lease right-of-use assets
74,230 
Other non-current assets873 
Total assets acquired430,257 
Accounts payable10,464 
Insurance and claims accruals16,028 
Accrued payroll16,035 
Accrued expenses2,721 
Current maturities of operating lease liabilities35,627 
Current maturities of finance lease liabilities26,900 
Other current liabilities50 
Finance lease liabilities, less current maturities30,296 
Operating lease liabilities, less current maturities38,602 
Insurance and claims accruals, net of current portion25,870 
Deferred income taxes12,909 
Total liabilities assumed215,502 
Total provisional purchase price allocated$214,755 
(1) At closing, $11.9 million of the cash consideration was placed in escrow to secure certain indemnification obligations of the sellers and to cover post-closing adjustments. During the six months ended June 30, 2026, $5.9 million was returned to the sellers. As of June 30, 2026, $6.0 million remains in escrow subject to the satisfaction of certain indemnification and post-closing obligations.
(2) The FirstFleet contingent consideration is recorded in other current liabilities on the consolidated condensed balance sheet as of June 30, 2026. For additional information regarding the valuation of the contingent liability, see Note 7 – Fair Value.
(3) Deferred cash payments of $7.4 million were made during the six months ended June 30, 2026.
Schedule of Unaudited Pro Forma Financial Information
The following table summarizes the unaudited pro forma financial information (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
202520262025
Operating revenues$909,606 $1,792,309 $1,775,709 
Net income45,528 19,338 31,943 
Earnings per share - basic0.75 0.32 0.52 
Earnings per share - diluted0.75 0.32 0.52 
Schedule of Intangible Assets and Weighted - Average Estimated Amortization Period
The following table summarizes the acquired intangible assets and the respective weighted-average estimated amortization period:
Estimated Fair Value
(in thousands)		Weighted-Average Estimated
Amortization Period
(Years)
Customer relationships$22,600 10