v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income (loss) $ 5,762 $ (24,728)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 67,463 83,091
Deferred income taxes (11,037) (13,881)
Stock-based compensation expense 905 1,132
Debt-related amortization 0 175
Gain on disposal of property and equipment (32,367) (4,566)
Changes in certain working capital items:    
Trade receivables (2,486) 5,926
Prepaid expenses and other current assets (15,689) (3,023)
Accounts payable, accrued liabilities, and accrued expenses 10,982 3,963
Accrued income taxes 12,493 (1,247)
Net cash provided by operating activities 36,026 46,842
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 104,631 39,864
Purchases of property and equipment (65,452) (57,350)
Change in other assets (298) 168
Net cash provided by (used in) investing activities 38,881 (17,318)
FINANCING ACTIVITIES    
Payments of cash dividends (3,100) (3,142)
Shares withheld for employee taxes related to stock-based compensation (269) (211)
Repayments of finance leases and debt (24,883) (6,949)
Repurchase of Common Stock (2,343) (8,931)
Net cash used in financing activities (30,595) (19,233)
Net increase in cash, cash equivalents and restricted cash 44,312 10,291
CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Beginning of period 31,445 26,284
End of period 75,757 36,575
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for interest expense 4,403 6,088
Cash paid during the period for income taxes, net of refunds 2,481 6,798
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 9,458 20,166
Sold revenue equipment and property in other current assets 2,339 0
Common stock dividends declared in accounts payable 1,547 1,552
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 62,385 22,879
Restricted cash included in other current assets 233 251
Restricted cash included in other assets 13,139 13,445
Total cash, cash equivalents and restricted cash $ 75,757 $ 36,575