Universal Logistics (ULH) 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 01, 2017	May 08, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 1, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	ULH
Entity Registrant Name	Universal Logistics Holdings, Inc.
Entity Central Index Key	1,308,208
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		28,442,894

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 3,353	$ 1,755
Marketable securities	14,618	14,359
Accounts receivable – net of allowance for doubtful accounts of $1,995 and $1,613, respectively	155,001	144,712
Other receivables	12,331	15,438
Due from affiliates	3,606	2,513
Prepaid income taxes	6,044	11,300
Prepaid expenses and other	17,520	17,374
Total current assets	212,473	207,451
Property and equipment – net of accumulated depreciation of $186,637 and $181,297, respectively	255,237	246,277
Goodwill	74,484	74,484
Intangible assets – net of accumulated amortization of $52,777 and $50,971, respectively	35,382	37,189
Deferred income taxes	163	164
Other assets	5,334	4,892
Total assets	583,073	570,457
Current liabilities:
Accounts payable	85,706	65,945
Due to affiliates	4,022	4,597
Accrued expenses and other current liabilities	19,817	19,765
Insurance and claims	18,515	19,754
Current portion of long-term debt	34,969	34,455
Total current liabilities	163,029	144,516
Long-term liabilities:
Long-term debt, net of current portion	221,321	226,812
Deferred income taxes	44,838	47,819
Other long-term liabilities	2,359	3,578
Total long-term liabilities	268,518	278,209
Shareholders' equity:
Common stock, no par value. Authorized 100,000,000 shares; 30,930,452 and 30,917,952 shares issued; 28,442,894 and 28,430,394 shares outstanding, respectively	30,932	30,919
Paid-in capital	3,684	3,451
Treasury stock, at cost; 2,487,558 shares	(50,044)	(50,044)
Retained earnings	168,360	166,033
Accumulated other comprehensive income (loss):
Unrealized holding gain on available-for-sale securities, net of income taxes of $1,594 and $1,512, respectively	2,871	2,679
Interest rate swaps, net of income taxes of $80 and $62, respectively	129	99
Foreign currency translation adjustments	(4,406)	(5,405)
Total shareholders’ equity	151,526	147,732
Total liabilities and shareholders’ equity	$ 583,073	$ 570,457

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,995	$ 1,613
Property and equipment, Accumulated depreciation	186,637	181,297
Intangible assets, accumulated amortization	$ 52,777	$ 50,971
Common stock, par value
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	30,930,452	30,917,952
Common stock, shares outstanding	28,442,894	28,430,394
Treasury stock, shares	2,487,558	2,487,558
Income tax expense on unrealized holding gain on available-for-sale securities	$ 1,594	$ 1,512
Interest rate swaps, income taxes	$ 80	$ 62

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Operating revenues:
Truckload services	$ 71,490	$ 69,821
Brokerage services	57,989	49,738
Intermodal services	35,927	35,376
Dedicated services	24,896	22,083
Value-added services	94,140	83,376
Total operating revenues	284,442	260,394
Operating expenses:
Purchased transportation and equipment rent	131,227	121,665
Direct personnel and related benefits	75,544	64,515
Commission expense	7,544	8,072
Other operating expenses	28,984	24,664
Occupancy expense	7,831	7,723
General and administrative	7,958	7,107
Insurance and claims	5,858	4,172
Depreciation and amortization	10,327	8,546
Total operating expenses	275,273	246,464
Income from operations	9,169	13,930
Interest income	14	123
Interest expense	(2,250)	(2,086)
Other non-operating income	68	138
Income before provision for income taxes	7,001	12,105
Provision for income taxes	2,683	4,628
Net income	$ 4,318	$ 7,477
Earnings per common share:
Basic	$ 0.15	$ 0.26
Diluted	$ 0.15	$ 0.26
Weighted average number of common shares outstanding:
Basic	28,435	28,402
Diluted	28,435	28,402
Dividends declared per common share	$ 0.07	$ 0.07

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 4,318	$ 7,477
Other comprehensive income (loss):
Unrealized holding gains on available-for-sale investments arising during the period, net of income taxes	183	10
Realized loss on available-for-sale investments reclassified into income, net of taxes	9	25
Unrealized changes in fair value of interest rate swaps, net of income taxes	30	(231)
Foreign currency translation adjustments	999	(241)
Total other comprehensive income (loss)	1,221	(437)
Total comprehensive income	$ 5,539	$ 7,040

Unaudited Consolidated Stateme6

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Cash flows from operating activities:
Net Income	$ 4,318	$ 7,477
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,327	8,546
Loss on sale of marketable equity securities	14	39
Loss (gain) on disposal of property and equipment	50	(142)
Amortization of debt issuance costs	80	68
Stock-based compensation	246	212
Provision for doubtful accounts	698	541
Deferred income taxes	(3,207)	(2,939)
Change in assets and liabilities:
Trade and other accounts receivable	(7,130)	2,785
Prepaid income taxes, prepaid expenses and other assets	5,272	692
Accounts payable, accrued expenses and other current liabilities, and insurance and claims	18,030	23,646
Due to/from affiliates, net	(1,668)	(427)
Other long-term liabilities	(1,192)	(2,049)
Net cash provided by operating activities	25,838	38,449
Cash flows from investing activities:
Capital expenditures	(17,669)	(36,115)
Proceeds from the sale of property and equipment	194	318
Purchases of marketable securities		(5)
Proceeds from sale of marketable securities		71
Net cash used in investing activities	(17,475)	(35,731)
Cash flows from financing activities:
Proceeds from borrowing - revolving debt	71,246	3,217
Repayments of debt - revolving debt	(69,646)	(14,552)
Proceeds from borrowing - term debt	2,729	18,933
Repayments of debt - term debt	(9,386)	(7,650)
Payment of capital lease obligations	(27)	(1,688)
Dividends paid	(1,991)	(1,988)
Capitalized financing costs		(28)
Net cash used in financing activities	(7,075)	(3,756)
Effect of exchange rate changes on cash and cash equivalents	310	(161)
Net decrease in cash	1,598	(1,199)
Cash and cash equivalents – beginning of period	1,755	12,930
Cash and cash equivalents – end of period	3,353	11,731
Supplemental cash flow information:
Cash paid for interest	2,144	2,105
Cash paid for income taxes	$ 787	$ 8,589

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 01, 2017
Accounting Policies [Abstract]
Basis of Presentation	(1) Basis of Presentation The accompanying unaudited consolidated financial statements of Universal Logistics Holdings, Inc. (“Universal” or the Company”), and its wholly-owned subsidiaries, have been prepared by the Company’s management. In the opinion of management, the unaudited consolidated financial statements include all normal recurring adjustments necessary to present fairly the information required to be set forth therein. All intercompany transactions and balances have been eliminated in consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, should be read in conjunction with the consolidated financial statements as of December 31, 2016 and 2015 and for each of the years in the three-year period ended December 31, 2016 included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The preparation of the consolidated financial statements requires the use of management’s estimates. Actual results could differ from those estimates. Our fiscal year ends on December 31 and consists of four quarters, each with thirteen weeks. Certain immaterial reclassifications have been made to the prior financial statements in order for them to conform to the April 1, 2017 presentation, including the reclassification of revenue categories to reflect Universal’s service offering. These reclassifications had no effect on reported consolidated income, comprehensive income, cash flows, total assets, or stockholders' equity as previously reported.

Marketable Securities

Marketable Securities	3 Months Ended
	Apr. 01, 2017
Investments Debt And Equity Securities [Abstract]
Marketable Securities	(2) Marketable Securities At April 1, 2017 and December 31, 2016, marketable securities, all of which are available-for-sale, consist of common and preferred stocks. Marketable securities are carried at fair value, with unrealized gains and losses, net of related income taxes, reported as accumulated other comprehensive income, except for losses from impairments which are determined to be other-than-temporary. Realized gains and losses, and declines in value judged to be other-than-temporary on available-for-sale securities are included in the determination of net income and are included in other non-operating income (expense), at which time the average cost basis of these securities are adjusted to fair value. Fair values are based on quoted market prices at the reporting date. Interest and dividends on available-for-sale securities are included in other non-operating income (expense). The cost, gross unrealized holding gains, gross unrealized holding losses, and fair value of available-for-sale securities by type were as follows (in thousands): Cost Gross Unrealized Holding Gains Gross Unrealized Holding (Losses) Fair Value At April 1, 2017 Equity Securities $ 10,153 $ 5,062 $ (597 ) $ 14,618 At December 31, 2016 Equity Securities $ 10,168 $ 4,780 $ (589 ) $ 14,359 Included in equity securities at April 1, 2017 are securities with a fair value of $2.7 million with a cumulative loss position of $0.6 million, the impairment of which we consider to be temporary. We consider several factors in our determination as to whether declines in value are judged to be temporary or other-than-temporary, including the severity and duration of the decline, the financial condition and near-term prospects of the specific issuers and the industries in which they operate, and our intent and ability to hold these securities. We may incur future impairment charges if declines in market values continue and/or worsen and impairments are no longer considered temporary. (2) Marketable Securities - continued The fair value and gross unrealized holding losses of our marketable securities that are not deemed to be other-than-temporarily impaired aggregated by type and length of time they have been in a continuous unrealized loss position were as follows (in thousands): Less 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses At April 1, 2017 Equity securities $ 865 $ 65 $ 1,869 $ 532 $ 2,734 $ 597 At December 31, 2016 Equity securities $ 426 $ 41 $ 2,438 $ 548 $ 2,864 $ 589 Our portfolio of equity securities in a continuous loss position, the impairment of which we consider to be temporary, consists primarily of common stocks in the oil and gas, banking, communications, and transportation industries. The fair value and unrealized losses are distributed in 24 publicly traded companies, with no single industry or company representing a material or concentrated unrealized loss. We have evaluated the near-term prospects of the various industries, as well as the specific issuers within our portfolio, in relation to the severity and duration of the impairments, and based on that evaluation, as well as our ability and intent to hold these investments for a reasonable period of time to allow for a recovery of fair value, we do not consider these investments to be other-than-temporarily impaired at April 1, 2017.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Apr. 01, 2017
Payables And Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	(3) Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities is comprised of the following (in thousands): April 1, 2017 December 31, 2016 Payroll related items $ 10,620 $ 8,379 Driver escrow liabilities 3,770 7,701 Commissions, taxes and other 5,427 3,685 Total $ 19,817 $ 19,765

Debt

Debt	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Debt	(4) Debt Debt is comprised of the following (in thousands): Interest Rates at April 1, 2017 April 1, 2017 December 31, 2016 Outstanding Debt: ABL Facility (1) 2.73% to 4.75% $ 74,200 $ 71,600 Westport Facility (2) Term Loan 3.28% 32,500 34,000 Revolver 2.78% 2,000 3,000 Equipment Financing (3) 3.18% to 4.11% 100,744 104,607 Real Estate Financing (4) 3.24% 48,349 49,643 Margin Facility (5) 2.09% — — Unamortized debt issuance costs (1,503 ) (1,583 ) 256,290 261,267 Less current portion of long-term debt 34,969 34,455 Total long-term debt, net of current portion $ 221,321 $ 226,812 (1) The ABL Facility provides for maximum borrowings of $120 million at a variable rate of interest based on LIBOR or a base rate, and matures on December 23, 2020. The facility, which is secured by cash, deposits and accounts receivable of the borrowing subsidiaries, includes customary affirmative and negative covenants and events of default, as well as financial covenants requiring a minimum fixed charge coverage ratio to be maintained after a triggering event. Interest on base rate advances is payable quarterly, and interest on each LIBOR-based advance is payable on the last day of the applicable interest period. At April 1, 2017, we were in compliance with all covenants under the Facility, and $22.9 million was available for borrowing. (2) The Westport Facility provides our subsidiary, Westport Axle Corporation, with maximum borrowings of $60 million in the form of a $40 million term loan and a $20 million revolver. Borrowings under the Westport Facility, which matures on December 23, 2020, accrue interest at a variable interest rate based on LIBOR or a base rate, and are secured by all of Westport’s assets. The Company becomes a guarantor upon the occurrence of certain events specified in the Westport Facility. Borrowings are repaid in part quarterly with the balance due at maturity. Interest on base rate advances is payable quarterly, and interest on each LIBOR-based advance is payable on the last day of the applicable interest period. The Westport Facility includes customary affirmative and negative covenants and events of default. At April 1, 2017, we were in compliance with all covenants, and $12.4 million was available for borrowing. (3) The Equipment Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance transportation equipment. The equipment notes, which are secured by liens on selected titled vehicles, include certain affirmative and negative covenants, are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 3.18% to 4.11%. At April 1, 2017, we were in compliance with all covenants. (4) The Real Estate Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance certain purchases of real property and refinance a portion of indebtedness pursuant to a previous $40 million unsecured loan. The promissory notes require monthly payments of principal and accrued interest until their maturity on June 30, 2026. The notes are secured by first mortgages and assignment of leases on specific parcels of real estate and improvements included in a collateral pool specified in the security documents. The Real Estate Financing includes an additional promissory note that is secured by other real property and improvements and matures on September 5, 2026. Each of the notes bears interest at LIBOR plus 2.25%. At April 1, 2017, we were in compliance with all covenants. (5) The Margin Facility is a short-term line of credit secured by our portfolio of marketable securities. It bears interest at LIBOR plus 1.10%. The amount available under the line of credit is based on a percentage of the market value of the underlying securities. We did not have any amounts outstanding under our line of credit at April 1, 2017 or December 31, 2016, and the maximum available borrowings under the line of credit were $7.1 million and $7.0 million, respectively. (4) Debt - continued The Company is also party to three interest rate swap agreements that qualify for hedge accounting. The swap agreements were executed to fix a portion of the interest rates on its variable rate debt that have a combined notional amount of $27.7 million at April 1, 2017. Under two of the swap agreements, the Company receives interest at the one-month LIBOR rate plus 2.25%, and pays a fixed rate. The March 2016 swap (swap A) became effective October 2016, has a rate of 4.16% (amortizing notional amount of $10.0 million) and expires July 2026, and an additional March 2016 swap (swap B) became effective October 2016, has a rate of 3.83% (amortizing notional amount of $5.7 million) and expires May 2022. The third interest rate swap agreement (swap C) has a notional amount of $12.0 million and expires February 2018. Under swap C, the Company receives interest at the one-month LIBOR rate, and pays a fixed rate of 0.78%. At April 1, 2017, the fair value of the three swap agreements was an asset of $0.2 million. Since these swap agreements qualify for hedge accounting, the changes in fair value are recorded in other comprehensive income (loss), net of tax. See Note 5 for additional information pertaining to interest rate swaps.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	3 Months Ended
	Apr. 01, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	(5) Fair Value Measurements and Disclosures FASB ASC Topic 820, “ Fair Value Measurements and Disclosures FASB ASC Topic 820 also establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. We have segregated all financial assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the tables below (in thousands): April 1, 2017 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 13 $ — $ — $ 13 Marketable securities 14,618 — — 14,618 Interest rate swaps — 209 — 209 Total $ 14,631 $ 209 $ — $ 14,840 December 31, 2016 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 4 $ — $ — $ 4 Marketable securities 14,359 — — 14,359 Interest rate swaps — 161 — 161 Total $ 14,363 $ 161 $ — $ 14,524 (5) Fair Value Measurements and Disclosures – continued The valuation techniques used to measure fair value for the items in the tables above are as follows: • Cash equivalents – This category consists of money market funds which are listed as Level 1 assets and measured at fair value based on quoted prices for identical instruments in active markets. • Marketable securities – Marketable securities represent equity securities, which consist of common and preferred stocks, and are listed as Level 1 assets. Fair value was measured based on quoted prices for these securities in active markets. • Interest rate swaps - The fair value of our interest rate swaps, as provided by a third party service provider, is determined using a methodology of netting the discounted future fixed cash payments (or receipts) and the discounted expected variable cash receipts (or payments. The variable cash receipts (or payments) are based on the expectation of future interest rates (forward curves) derived from observed market interest rate curves. The fair value measurement also incorporates credit valuation adjustments to appropriately reflect both the Company’s nonperformance risk and the respective counterparty’s nonperformance risk. Our revolving credit and term loan agreements and our real estate promissory notes consist of variable rate borrowings. We categorize borrowings under these credit agreements as Level 2 in the fair value hierarchy. The carrying value of these borrowings approximate fair value because the applicable interest rates are adjusted frequently based on short-term market rates. For our equipment promissory notes, the fair values are estimated using discounted cash flow analyses, based on our current incremental borrowing rates for similar types of borrowing arrangements. We categorize borrowings under this credit agreement as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of these promissory notes at April 1, 2017 is summarized as follows: Carrying Value Estimated Fair Value Equipment promissory notes $ 100,744 $ 100,385 We have not elected the fair value option for any of our financial instruments.

Transactions with Affiliates

Transactions with Affiliates	3 Months Ended
	Apr. 01, 2017
Related Party Transactions [Abstract]
Transactions with Affiliates	(6) Transactions with Affiliates CenTra, Inc., an affiliate of the Company, provides administrative support services to Universal in the ordinary course of business, including legal, human resources, tax, and IT infrastructure and related services. The cost of these services is based on the actual or estimated utilization of the specific service. Universal also purchases other services from affiliates. Following is a schedule of cost incurred and included in operating expenses for services provided by affiliates for the thirteen weeks ended April 1, 2017 and April 2, 2016 (in thousands): Thirteen weeks ended April 1, 2017 April 2, 2016 Administrative support services $ 503 $ 676 Truck fuel, tolls and maintenance 777 605 Real estate rent and related costs 4,706 4,008 Insurance and employee benefit plans 14,572 11,311 Purchased transportation and equipment rent 5 200 Total $ 20,563 $ 16,800 We pay CenTra the direct variable cost of maintenance, fueling and other operational support costs for services delivered at our affiliate’s trucking terminals that are geographically remote from our own facilities. Such costs are billed when incurred, paid on a routine basis, and reflect actual labor utilization, repair parts costs or quantities of fuel purchased. In connection with our transportation services, we also pay tolls and other fees for international bridge crossings to certain related entities which are under common control with CenTra. A significant number of our operating locations are located in facilities leased from affiliates. At 34 facilities, occupancy is based on either month-to-month or contractual, multi-year lease arrangements which are billed and paid monthly. Leasing properties provided by an affiliate that owns a substantial commercial property portfolio affords us significant operating flexibility. However, we are not limited to such arrangements. We purchase workers’ compensation, property and casualty, cargo, warehousing and other general liability insurance from an insurance company controlled by our majority shareholders. Our employee health care benefits and 401(k) programs are also provided by this affiliate. Other services from affiliates, including contracted transportation services, are delivered to us on a per-transaction-basis or pursuant to separate contractual arrangements provided in the ordinary course of business. At April 1, 2017 and December 31, 2016, amounts due to affiliates were $4.0 million and $4.6 million, respectively. In our Consolidated Balance Sheets, we record our insured claims liability and the related recovery from an affiliate insurance provider in insurance and claims, and other receivables. At April 1, 2017 and December 31, 2016, there were $8.6 million and $8.7 million, respectively, included in each of these accounts for insured claims. We made purchases of used equipment from an affiliate during the thirteen weeks ended April 1, 2017, totaling $1.8 million, and also purchased wheels and tires from an affiliate for new trailering equipment totaling $1.1 million during the same period. During the thirteen weeks ended April 2, 2016, we contracted with an affiliate to provide real property improvements to us totaling $1.0 million, and also purchased wheels and tires from an affiliate for new trailering equipment totaling $0.8 million during the same period. (6) Transactions with Affiliates – continued Services provided by Universal to Affiliates We periodically assist our affiliates by providing selected transportation and logistics services in connection with their specific customer contracts or purchase orders. Following is a schedule of services provided to affiliates for the thirteen weeks ended April 1, 2017 and April 2, 2016 (in thousands): Thirteen weeks ended April 1, 2017 April 2, 2016 Purchased transportation and equipment rent $ 326 $ 196 Total $ 326 $ 196 At April 1, 2017 and December 31, 2016, amounts due from affiliates were $3.6 million and $2.5 million, respectively.

Comprehensive Income

Comprehensive Income	3 Months Ended
	Apr. 01, 2017
Equity [Abstract]
Comprehensive Income	(7) Comprehensive Income Comprehensive income includes the following (in thousands): Thirteen weeks ended April 1, 2017 April 2, 2016 Unrealized holding gains on available-for-sale investments arising during the period: Gross amount $ 260 $ 13 Income tax expense (77 ) (3 ) Net of tax amount $ 183 $ 10 Realized losses on available-for-sale investments reclassified into income: Gross amount $ 14 $ 39 Income tax benefit (5 ) (14 ) Net of tax amount $ 9 $ 25 Unrealized holding losses on interest rate swaps arising during the period: Gross amount $ 48 $ (369 ) Income tax benefit (18 ) 138 Net of tax amount $ 30 $ (231 ) Foreign currency translation adjustments $ 999 $ (241 )

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Apr. 01, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Based Compensation	(8) Stock Based Compensation On April 23, 2014, our Board of Directors adopted the 2014 Amended and Restated Stock Incentive Plan, or the Plan. The Plan was approved by our shareholders at the 2014 Annual Meeting and became effective as of the date it was adopted by the Board of Directors. The Plan replaced our 2004 Stock Incentive Plan and carried forward the shares of common stock that remained available for issuance under the 2004 Stock Incentive Plan. The grants may be made in the form of stock options, restricted stock bonuses, restricted stock purchase rights, stock appreciation rights, phantom stock units, restricted stock units or unrestricted common stock. Restricted stock awards currently outstanding under the 2004 Stock Incentive Plan will remain outstanding in accordance with the terms of that plan. On February 22, 2017, February 24, 2016, April 29, 2015 and March 5, 2015, the Company granted 10,000, 10,000, 20,000 and 10,000 shares, respectively, of restricted stock to our Chief Executive Officer. The restricted stock grants have fair values of $13.45 per share, $15.55 per share, $22.03 per share, and $25.18 per share, respectively, based on the closing price of the Company’s stock on each grant date. The shares vested 25% immediately on the grant dates, and an additional 25% will vest in three equal installments with the final vesting on March 5, 2020, subject to continued employment with the company. On December 23, 2015, the Company granted 50,000 shares of restricted stock to certain of its employees, including 5,000 shares to our Chief Financial Officer. The restricted stock grants have a grant date fair value of $14.93 per share, based on the closing price of the Company’s stock, of which 25% vested immediately, and an additional 25% will vest in three equal increments on each December 20 in 2016, 2017 and 2018. On December 20, 2012, the Company granted 178,137 shares of restricted stock to certain of its employees. The restricted stock grants had a grant date fair value of $16.42 per share, based on the closing price of the Company’s stock, of which 25% vested immediately and an additional 20% vested on each anniversary of the grant through December 20, 2016. A grantee’s vesting of restricted stock awards may be accelerated under certain conditions, including retirement. A summary of the status of our non-vested shares as of December 31, 2016, and changes during the year ended December 31, 2016, is presented below: Shares Weighted Average Date Non-vested at January 1, 2017 45,000 $ 17.75 Granted 10,000 $ 13.45 Vested (12,500 ) $ 19.65 Forfeited — $ — Balance at April 1, 2017 42,500 $ 16.22 In each of the thirteen week periods ended April 1, 2017 and April 2, 2016, the total grant date fair value of vested shares recognized as compensation costs was $0.2 million. As of April 1, 2017, there was approximately $0.7 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements. That cost is expected to be recognized on a straight-line basis over the remaining vesting period. As a result, the Company expects to recognize stock-based compensation expense of $0.1 million during the remainder of 2017, and $0.4 million, $0.1 million, and $0.1 million in 2018, 2019, and 2020, respectively.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 01, 2017
Earnings Per Share [Abstract]
Earnings Per Share	(9) Earnings Per Share Basic earnings per common share amounts are based on the weighted average number of common shares outstanding, excluding outstanding non-vested restricted stock. Diluted earnings per common share include dilutive common stock equivalents determined by the treasury stock method. For the thirteen weeks ended April 1, 2017 and April 2, 2016, there were 346 and zero weighted average non-vested shares of restricted stock, respectively, included in the denominator for the calculation of diluted earnings per share. For the thirteen weeks ended April 1, 2017 and April 2, 2016, 35,000 and 68,225 shares, respectively, of non-vested restricted stock were excluded from the calculation of diluted earnings per share because such shares were anti-dilutive.

Dividends

Dividends	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Dividends	(10) Dividends On February 23, 2017, our Board of Directors declared a quarterly cash dividend of $0.07 per share of common stock, payable to shareholders of record at the close of business on March 6, 2017 and paid on March 16, 2017. Declaration of future cash dividends is subject to final determination by the Board of Directors each quarter after its review of our financial condition, results of operations, capital requirements, any legal or contractual restrictions on the payment of dividends and other factors the Board of Directors deems relevant.

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 01, 2017
Segment Reporting [Abstract]
Segment Reporting	(11) Segment Reporting We report our financial results in two reportable segments, the transportation segment and the logistics segment, based on the nature of the underlying customer commitment and the types of investments required to support these commitments. This presentation reflects the manner in which management evaluates our operating segments, including an evaluation of economic characteristics and applicable aggregation criteria. Operations aggregated in our transportation segment are associated with individual freight shipments coordinated by our agents, company-managed terminals and specialized services operations. In contrast, operations aggregated in our logistics segment deliver value-added services or transportation services to specific customers on a dedicated basis, generally pursuant to contract terms of one year or longer. Other non-reportable operating segments are comprised of the Company’s subsidiaries that provide support services to other subsidiaries and to owner-operators, including shop maintenance and equipment leasing. The following tables summarize information about our reportable segments as of and for the thirteen week period ended April 1, 2017 and April 2, 2016 (in thousands): Thirteen weeks ended April 1, 2017 Transportation Logistics Other Total Operating revenues $ 178,397 $ 105,735 $ 310 $ 284,442 Eliminated inter-segment revenues 285 1,908 - 2,193 Income from operations 6,353 4,193 (1,377 ) 9,169 Total assets 261,974 299,504 21,595 583,073 Thirteen weeks ended April 2, 2016 Transportation Logistics Other Total Operating revenues $ 157,546 $ 102,557 $ 291 $ 260,394 Eliminated inter-segment revenues 568 1,997 — 2,565 Income from operations 5,888 8,549 (507 ) 13,930 Total assets 208,313 285,755 40,126 534,194

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 01, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(12) Commitments and Contingencies Our principal commitments relate to long-term real estate leases and payment obligations to equipment vendors. We are involved in certain claims and pending litigation arising from the ordinary conduct of business. We also provide accruals for claims within our self-insured retention amounts. Based on the knowledge of the facts, and in certain cases, opinions of outside counsel, in the Company’s opinion the resolution of these claims and pending litigation will not have a material effect on our financial position, results of operations or cash flows. At April 1, 2017, approximately 31% of our employees in the United States, Canada and Colombia, and 96% of our employees in Mexico are subject to collective bargaining agreements that are renegotiated periodically, 17% of which are subject to contracts that expire in 2017.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 01, 2017
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	(13) Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 is a comprehensive revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. In applying the new guidance, an entity will (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the contract’s performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. In July 2015, the FASB approved deferring the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB also approved permitting early adoption of the standard, but not before the original effective date of December 15, 2016. We do not plan to adopt the standard early and have not yet determined which transition method will be used. We are currently evaluating the effects of this standard. We have performed an initial assessment by reviewing our current revenue recognition practices to those required by the new standard. The adoption of ASU 2014-09 is not expected to have a material impact on the Company’s financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. Among other things, the ASU requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. The amendments are to be applied by means of a cumulative-effect adjustment to the balance sheet and are effective for interim and annual periods beginning after December 15, 2017. With certain exceptions, early adoption is not permitted. We are currently evaluating the effects ASU 2016-01 will have on our consolidated financial statements and related disclosures. We currently disclose approximately $5.1 million in gross unrealized holdings gains and $0.6 million in gross unrealized holdings losses in Note 2, Marketable Securities. In February 2016, the FASB issued ASU 2016-02, Leases. The objective of the new standard is to establish principles for lessees and lessors to report information about the amount, timing, and uncertainty of cash flows arising from a lease. The ASU will require a lessee to recognize the assets and liabilities that arise from leases, including operating leases. Under the new requirements, a lessee will recognize in the statement of financial position a liability to make lease payments (the lease liability) and the right-of-use asset representing the right to the underlying asset for the lease term. For leases with a term of 12 months or less, the lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the amendment is permitted. We are currently evaluating the effects ASU 2016-02 will have on our consolidated financial statements and related disclosures. As of December 31, 2016, we disclosed approximately $72.1 million in operating lease obligations in Note 10, Leases, in the Company’s Form 10-K. We will evaluate those contracts as well as other existing arrangements to determine if they qualify for lease accounting under the new standard. Upon adoption, we would expect the amount recognized for the right-of-use assets and lease liabilities to be material. We do not plan to adopt the new standard early. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This update simplifies the accounting for goodwill impairments by eliminating step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, and impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The ASU is effective for annual and any interim impairment tests for periods beginning after December 15, 2019. We have not yet selected a transition date nor have we determined the effect of the standard on our ongoing financial reporting.

Subsequent Events

Subsequent Events	3 Months Ended
	Apr. 01, 2017
Subsequent Events [Abstract]
Subsequent Events	(14) Subsequent Events On April 27, 2017, our Board of Directors declared a quarterly cash dividend of $0.07 per share of common stock, payable to shareholders of record at the close of business on May 8, 2017 and expected to be paid on May 18, 2017. Declaration of future cash dividends is subject to final determination by the Board of Directors each quarter after its review of our financial condition, results of operations, capital requirements, any legal or contractual restrictions on the payment of dividends and other factors the Board of Directors deems relevant.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 01, 2017
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 is a comprehensive revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. In applying the new guidance, an entity will (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the contract’s performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. In July 2015, the FASB approved deferring the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB also approved permitting early adoption of the standard, but not before the original effective date of December 15, 2016. We do not plan to adopt the standard early and have not yet determined which transition method will be used. We are currently evaluating the effects of this standard. We have performed an initial assessment by reviewing our current revenue recognition practices to those required by the new standard. The adoption of ASU 2014-09 is not expected to have a material impact on the Company’s financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. Among other things, the ASU requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. The amendments are to be applied by means of a cumulative-effect adjustment to the balance sheet and are effective for interim and annual periods beginning after December 15, 2017. With certain exceptions, early adoption is not permitted. We are currently evaluating the effects ASU 2016-01 will have on our consolidated financial statements and related disclosures. We currently disclose approximately $5.1 million in gross unrealized holdings gains and $0.6 million in gross unrealized holdings losses in Note 2, Marketable Securities. In February 2016, the FASB issued ASU 2016-02, Leases. The objective of the new standard is to establish principles for lessees and lessors to report information about the amount, timing, and uncertainty of cash flows arising from a lease. The ASU will require a lessee to recognize the assets and liabilities that arise from leases, including operating leases. Under the new requirements, a lessee will recognize in the statement of financial position a liability to make lease payments (the lease liability) and the right-of-use asset representing the right to the underlying asset for the lease term. For leases with a term of 12 months or less, the lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the amendment is permitted. We are currently evaluating the effects ASU 2016-02 will have on our consolidated financial statements and related disclosures. As of December 31, 2016, we disclosed approximately $72.1 million in operating lease obligations in Note 10, Leases, in the Company’s Form 10-K. We will evaluate those contracts as well as other existing arrangements to determine if they qualify for lease accounting under the new standard. Upon adoption, we would expect the amount recognized for the right-of-use assets and lease liabilities to be material. We do not plan to adopt the new standard early. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This update simplifies the accounting for goodwill impairments by eliminating step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, and impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The ASU is effective for annual and any interim impairment tests for periods beginning after December 15, 2019. We have not yet selected a transition date nor have we determined the effect of the standard on our ongoing financial reporting.

Marketable Securities (Tables)

Marketable Securities (Tables)	3 Months Ended
	Apr. 01, 2017
Investments Debt And Equity Securities [Abstract]
Schedule of Cost, Gross Unrealized Holding Gains Losses, and Fair Value of Available-for-Sale Securities	The cost, gross unrealized holding gains, gross unrealized holding losses, and fair value of available-for-sale securities by type were as follows (in thousands): Cost Gross Unrealized Holding Gains Gross Unrealized Holding (Losses) Fair Value At April 1, 2017 Equity Securities $ 10,153 $ 5,062 $ (597 ) $ 14,618 At December 31, 2016 Equity Securities $ 10,168 $ 4,780 $ (589 ) $ 14,359
Schedule of Gross Unrealized Holding Losses and Fair Value of Marketable Securities	The fair value and gross unrealized holding losses of our marketable securities that are not deemed to be other-than-temporarily impaired aggregated by type and length of time they have been in a continuous unrealized loss position were as follows (in thousands): Less 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses At April 1, 2017 Equity securities $ 865 $ 65 $ 1,869 $ 532 $ 2,734 $ 597 At December 31, 2016 Equity securities $ 426 $ 41 $ 2,438 $ 548 $ 2,864 $ 589

Accrued Expenses and Other Cu23

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Apr. 01, 2017
Payables And Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses and other current liabilities is comprised of the following (in thousands): April 1, 2017 December 31, 2016 Payroll related items $ 10,620 $ 8,379 Driver escrow liabilities 3,770 7,701 Commissions, taxes and other 5,427 3,685 Total $ 19,817 $ 19,765

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Details of Debt	Debt is comprised of the following (in thousands): Interest Rates at April 1, 2017 April 1, 2017 December 31, 2016 Outstanding Debt: ABL Facility (1) 2.73% to 4.75% $ 74,200 $ 71,600 Westport Facility (2) Term Loan 3.28% 32,500 34,000 Revolver 2.78% 2,000 3,000 Equipment Financing (3) 3.18% to 4.11% 100,744 104,607 Real Estate Financing (4) 3.24% 48,349 49,643 Margin Facility (5) 2.09% — — Unamortized debt issuance costs (1,503 ) (1,583 ) 256,290 261,267 Less current portion of long-term debt 34,969 34,455 Total long-term debt, net of current portion $ 221,321 $ 226,812 (1) The ABL Facility provides for maximum borrowings of $120 million at a variable rate of interest based on LIBOR or a base rate, and matures on December 23, 2020. The facility, which is secured by cash, deposits and accounts receivable of the borrowing subsidiaries, includes customary affirmative and negative covenants and events of default, as well as financial covenants requiring a minimum fixed charge coverage ratio to be maintained after a triggering event. Interest on base rate advances is payable quarterly, and interest on each LIBOR-based advance is payable on the last day of the applicable interest period. At April 1, 2017, we were in compliance with all covenants under the Facility, and $22.9 million was available for borrowing. (2) The Westport Facility provides our subsidiary, Westport Axle Corporation, with maximum borrowings of $60 million in the form of a $40 million term loan and a $20 million revolver. Borrowings under the Westport Facility, which matures on December 23, 2020, accrue interest at a variable interest rate based on LIBOR or a base rate, and are secured by all of Westport’s assets. The Company becomes a guarantor upon the occurrence of certain events specified in the Westport Facility. Borrowings are repaid in part quarterly with the balance due at maturity. Interest on base rate advances is payable quarterly, and interest on each LIBOR-based advance is payable on the last day of the applicable interest period. The Westport Facility includes customary affirmative and negative covenants and events of default. At April 1, 2017, we were in compliance with all covenants, and $12.4 million was available for borrowing. (3) The Equipment Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance transportation equipment. The equipment notes, which are secured by liens on selected titled vehicles, include certain affirmative and negative covenants, are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 3.18% to 4.11%. At April 1, 2017, we were in compliance with all covenants. (4) The Real Estate Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance certain purchases of real property and refinance a portion of indebtedness pursuant to a previous $40 million unsecured loan. The promissory notes require monthly payments of principal and accrued interest until their maturity on June 30, 2026. The notes are secured by first mortgages and assignment of leases on specific parcels of real estate and improvements included in a collateral pool specified in the security documents. The Real Estate Financing includes an additional promissory note that is secured by other real property and improvements and matures on September 5, 2026. Each of the notes bears interest at LIBOR plus 2.25%. At April 1, 2017, we were in compliance with all covenants. (5) The Margin Facility is a short-term line of credit secured by our portfolio of marketable securities. It bears interest at LIBOR plus 1.10%. The amount available under the line of credit is based on a percentage of the market value of the underlying securities. We did not have any amounts outstanding under our line of credit at April 1, 2017 or December 31, 2016, and the maximum available borrowings under the line of credit were $7.1 million and $7.0 million, respectively.

Fair Value Measurements and D25

Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Apr. 01, 2017
Fair Value Disclosures [Abstract]
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	We have segregated all financial assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the tables below (in thousands): April 1, 2017 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 13 $ — $ — $ 13 Marketable securities 14,618 — — 14,618 Interest rate swaps — 209 — 209 Total $ 14,631 $ 209 $ — $ 14,840 December 31, 2016 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 4 $ — $ — $ 4 Marketable securities 14,359 — — 14,359 Interest rate swaps — 161 — 161 Total $ 14,363 $ 161 $ — $ 14,524
Summary of Carrying Values and Estimated Fair Values of Promissory Notes	The carrying value and estimated fair value of these promissory notes at April 1, 2017 is summarized as follows: Carrying Value Estimated Fair Value Equipment promissory notes $ 100,744 $ 100,385

Transactions with Affiliates (T

Transactions with Affiliates (Tables)	3 Months Ended
	Apr. 01, 2017
Related Party Transactions [Abstract]
Schedule of Amounts Charged to UTSI	Following is a schedule of cost incurred and included in operating expenses for services provided by affiliates for the thirteen weeks ended April 1, 2017 and April 2, 2016 (in thousands): Thirteen weeks ended April 1, 2017 April 2, 2016 Administrative support services $ 503 $ 676 Truck fuel, tolls and maintenance 777 605 Real estate rent and related costs 4,706 4,008 Insurance and employee benefit plans 14,572 11,311 Purchased transportation and equipment rent 5 200 Total $ 20,563 $ 16,800
Schedule of Services Provided to Affiliates	Following is a schedule of services provided to affiliates for the thirteen weeks ended April 1, 2017 and April 2, 2016 (in thousands): Thirteen weeks ended April 1, 2017 April 2, 2016 Purchased transportation and equipment rent $ 326 $ 196 Total $ 326 $ 196

Comprehensive Income (Tables)

Comprehensive Income (Tables)	3 Months Ended
	Apr. 01, 2017
Equity [Abstract]
Components of Comprehensive Income	Comprehensive income includes the following (in thousands): Thirteen weeks ended April 1, 2017 April 2, 2016 Unrealized holding gains on available-for-sale investments arising during the period: Gross amount $ 260 $ 13 Income tax expense (77 ) (3 ) Net of tax amount $ 183 $ 10 Realized losses on available-for-sale investments reclassified into income: Gross amount $ 14 $ 39 Income tax benefit (5 ) (14 ) Net of tax amount $ 9 $ 25 Unrealized holding losses on interest rate swaps arising during the period: Gross amount $ 48 $ (369 ) Income tax benefit (18 ) 138 Net of tax amount $ 30 $ (231 ) Foreign currency translation adjustments $ 999 $ (241 )

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Apr. 01, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Status of Nonvested Shares	A summary of the status of our non-vested shares as of December 31, 2016, and changes during the year ended December 31, 2016, is presented below: Shares Weighted Average Date Non-vested at January 1, 2017 45,000 $ 17.75 Granted 10,000 $ 13.45 Vested (12,500 ) $ 19.65 Forfeited — $ — Balance at April 1, 2017 42,500 $ 16.22

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 01, 2017
Segment Reporting [Abstract]
Summary of Company's Reportable Segment Information	The following tables summarize information about our reportable segments as of and for the thirteen week period ended April 1, 2017 and April 2, 2016 (in thousands): Thirteen weeks ended April 1, 2017 Transportation Logistics Other Total Operating revenues $ 178,397 $ 105,735 $ 310 $ 284,442 Eliminated inter-segment revenues 285 1,908 - 2,193 Income from operations 6,353 4,193 (1,377 ) 9,169 Total assets 261,974 299,504 21,595 583,073 Thirteen weeks ended April 2, 2016 Transportation Logistics Other Total Operating revenues $ 157,546 $ 102,557 $ 291 $ 260,394 Eliminated inter-segment revenues 568 1,997 — 2,565 Income from operations 5,888 8,549 (507 ) 13,930 Total assets 208,313 285,755 40,126 534,194

Marketable Securities - Schedul

Marketable Securities - Schedule of Cost, Gross Unrealized Holding Gains Losses, and Fair Value of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Investments Debt And Equity Securities [Abstract]
Equity Securities, Cost	$ 10,153	$ 10,168
Equity Securities, Gross Unrealized Holding Gains	5,062	4,780
Equity Securities, Gross Unrealized Holding (Losses)	(597)	(589)
Equity Securities, Fair Value	$ 14,618	$ 14,359

Marketable Securities - Additio

Marketable Securities - Additional Information (Detail) $ in Millions	3 Months Ended
	Apr. 01, 2017USD ($)Company
Marketable Securities [Abstract]
Fair value of equity securities	$ 2.7
Temporary impairment loss of equity securities	$ 0.6
Number of investments in publicly traded companies | Company	24

Marketable Securities - Sched32

Marketable Securities - Schedule of Gross Unrealized Holding Losses and Fair Value of Marketable Securities (Detail) - Equity securities [Member] - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Equity securities, Less than 12 Months Fair Value	$ 865	$ 426
Equity securities, Less than 12 Months Unrealized Losses	65	41
Equity securities, 12 Months or Greater Fair Value	1,869	2,438
Equity securities, 12 Months or Greater Unrealized Losses	532	548
Equity securities, Total, Fair Value	2,734	2,864
Equity securities, Total, Unrealized Losses	$ 597	$ 589

Accrued Expenses and Other Cu33

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Payables And Accruals [Abstract]
Payroll related items	$ 10,620	$ 8,379
Driver escrow liabilities	3,770	7,701
Commissions, taxes and other	5,427	3,685
Total	$ 19,817	$ 19,765

Debt - Details of Debt (Detail)

Debt - Details of Debt (Detail) - USD ($) $ in Thousands		Apr. 01, 2017	Dec. 31, 2016
Outstanding Debt:
Unamortized debt issuance costs		$ (1,503)	$ (1,583)
Outstanding Debt		256,290	261,267
Less current portion of long-term debt		34,969	34,455
Total long-term debt, net of current portion		221,321	226,812
ABL Facility [Member]
Outstanding Debt:
Outstanding Debt	[1]	$ 74,200	71,600
ABL Facility [Member] | Minimum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[1]	2.73%
ABL Facility [Member] | Maximum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[1]	4.75%
Westport Facility Term Loan [Member]
Outstanding Debt:
Credit facility, Interest Rates	[2]	3.28%
Outstanding Debt	[2]	$ 32,500	34,000
Westport Facility Revolver [Member]
Outstanding Debt:
Credit facility, Interest Rates	[2]	2.78%
Outstanding Debt	[2]	$ 2,000	3,000
Equipment Financing [Member]
Outstanding Debt:
Outstanding Debt	[3]	$ 100,744	104,607
Equipment Financing [Member] | Minimum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[3]	3.18%
Equipment Financing [Member] | Maximum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[3]	4.11%
Real Estate Financing [Member]
Outstanding Debt:
Credit facility, Interest Rates	[4]	3.24%
Outstanding Debt	[4]	$ 48,349	$ 49,643
Margin Facility [Member]
Outstanding Debt:
Credit facility, Interest Rates	[5]	2.09%
[1]	The ABL Facility provides for maximum borrowings of $120 million at a variable rate of interest based on LIBOR or a base rate, and matures on December 23, 2020. The facility, which is secured by cash, deposits and accounts receivable of the borrowing subsidiaries, includes customary affirmative and negative covenants and events of default, as well as financial covenants requiring a minimum fixed charge coverage ratio to be maintained after a triggering event. Interest on base rate advances is payable quarterly, and interest on each LIBOR-based advance is payable on the last day of the applicable interest period. At April 1, 2017, we were in compliance with all covenants under the Facility, and $22.9 million was available for borrowing.
[2]	The Westport Facility provides our subsidiary, Westport Axle Corporation, with maximum borrowings of $60 million in the form of a $40 million term loan and a $20 million revolver. Borrowings under the Westport Facility, which matures on December 23, 2020, accrue interest at a variable interest rate based on LIBOR or a base rate, and are secured by all of Westport’s assets. The Company becomes a guarantor upon the occurrence of certain events specified in the Westport Facility. Borrowings are repaid in part quarterly with the balance due at maturity. Interest on base rate advances is payable quarterly, and interest on each LIBOR-based advance is payable on the last day of the applicable interest period. The Westport Facility includes customary affirmative and negative covenants and events of default. At April 1, 2017, we were in compliance with all covenants, and $12.4 million was available for borrowing.
[3]	The Equipment Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance transportation equipment. The equipment notes, which are secured by liens on selected titled vehicles, include certain affirmative and negative covenants, are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 3.18% to 4.11%. At April 1, 2017, we were in compliance with all covenants.
[4]	The Real Estate Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance certain purchases of real property and refinance a portion of indebtedness pursuant to a previous $40 million unsecured loan. The promissory notes require monthly payments of principal and accrued interest until their maturity on June 30, 2026. The notes are secured by first mortgages and assignment of leases on specific parcels of real estate and improvements included in a collateral pool specified in the security documents. The Real Estate Financing includes an additional promissory note that is secured by other real property and improvements and matures on September 5, 2026. Each of the notes bears interest at LIBOR plus 2.25%. At April 1, 2017, we were in compliance with all covenants.
[5]	The Margin Facility is a short-term line of credit secured by our portfolio of marketable securities. It bears interest at LIBOR plus 1.10%. The amount available under the line of credit is based on a percentage of the market value of the underlying securities. We did not have any amounts outstanding under our line of credit at April 1, 2017 or December 31, 2016, and the maximum available borrowings under the line of credit were $7.1 million and $7.0 million, respectively.

Debt - Details of Debt (Parenth

Debt - Details of Debt (Parenthetical) (Detail)		3 Months Ended
		Apr. 01, 2017USD ($)Installment	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Credit facility, borrowing capacity		$ 60,000,000
Description of variable rate basis		LIBOR rate plus 2.25%
ABL Facility [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity		$ 120,000,000
Credit facility, expiration date		Dec. 23, 2020
Credit facility available for borrowings		$ 22,900,000
Westport Facility Term Loan [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity		40,000,000
Westport Facility Revolver [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity		$ 20,000,000
Westport Facility
Debt Instrument [Line Items]
Credit facility, expiration date		Dec. 23, 2020
Credit facility available for borrowings		$ 12,400,000
Equipment Financing [Member]
Debt Instrument [Line Items]
Number of installments | Installment		60
Frequency of installments		monthly
Equipment Financing [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit facility, Interest Rates	[1]	3.18%
Equipment Financing [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit facility, Interest Rates	[1]	4.11%
Real Estate Financing [Member] | Unsecured Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 40,000,000
Frequency of installments		Monthly
Principal amount due date		Jun. 30, 2026
Real Estate Financing [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Principal amount due date		Sep. 5, 2026
Description of variable rate basis		LIBOR plus 2.25%
Real Estate Financing [Member] | Secured Debt [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate above variable base rate		2.25%
Margin Facility [Member]
Debt Instrument [Line Items]
Credit facility available for borrowings		$ 7,100,000	$ 7,000,000
Description of variable rate basis		LIBOR plus 1.10%
Margin Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate above variable base rate		1.10%
[1]	The Equipment Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance transportation equipment. The equipment notes, which are secured by liens on selected titled vehicles, include certain affirmative and negative covenants, are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 3.18% to 4.11%. At April 1, 2017, we were in compliance with all covenants.

Debt - Additional Information (

Debt - Additional Information (Detail)	3 Months Ended
	Apr. 01, 2017USD ($)Agreement
Line of Credit Facility [Line Items]
Number of swap agreements | Agreement	3
Notional amount	$ 27,700,000
Description of variable rate basis	LIBOR rate plus 2.25%
Swap A [Member]
Line of Credit Facility [Line Items]
Notional amount	$ 10,000,000
Interest accrued percentage	4.16%
Effective date	Oct. 31, 2016
Swap B [Member]
Line of Credit Facility [Line Items]
Notional amount	$ 5,700,000
Interest accrued percentage	3.83%
Effective date	Oct. 31, 2016
Interest Rate Swap C
Line of Credit Facility [Line Items]
Notional amount	$ 12,000,000
Description of variable rate basis	one-month LIBOR rate
Swap interest rate	0.78%
Fair value asset of swap agreement	$ 200,000

Fair Value Measurements and D37

Fair Value Measurements and Disclosures - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 14,618	$ 14,359
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	13	4
Marketable securities	14,618	14,359
Interest rate swaps	209	161
Total	14,840	14,524
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	13	4
Marketable securities	14,618	14,359
Total	14,631	14,363
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	209	161
Total	$ 209	$ 161

Fair Value Measurements and D38

Fair Value Measurements and Disclosures - Summary of Carrying Values and Estimated Fair Values of Promissory Notes (Detail) - Equipment Promissory Notes [Member]	Apr. 01, 2017USD ($)
Carrying Reported Amount Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 100,744
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 100,385

Transactions with Affiliates -

Transactions with Affiliates - Schedule of Amounts Charged to UTSI (Detail) - Affiliates [Member] - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	$ 20,563	$ 16,800
Administrative support services [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	503	676
Truck fuel, tolls and maintenance [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	777	605
Real estate rent and related costs [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	4,706	4,008
Insurance and employee benefit plans [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	14,572	11,311
Purchased transportation and equipment rent [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	$ 5	$ 200

Transactions with Affiliates 40

Transactions with Affiliates - Additional Information (Detail) $ in Thousands	3 Months Ended
	Apr. 01, 2017USD ($)Facility	Apr. 02, 2016USD ($)	Dec. 31, 2016USD ($)
Related Party Transaction [Line Items]
Occupancy of facilities either on monthly or contractual basis | Facility	34
Insurance, claims and other receivables	$ 8,600		$ 8,700
Due to affiliates	4,022		4,597
Due from affiliates	3,606		$ 2,513
Affiliates [Member]
Related Party Transaction [Line Items]
Cost of real property improvements		$ 1,000
Affiliates [Member] | Used Equipment [Member]
Related Party Transaction [Line Items]
Cost of purchase from an affiliate	1,800
Affiliates [Member] | Wheels and Tires [Member]
Related Party Transaction [Line Items]
Cost of purchase from an affiliate	$ 1,100	$ 800

Transactions with Affiliates 41

Transactions with Affiliates - Schedule of Services Provided to Affiliates (Detail) - Affiliates [Member] - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Related Party Transaction [Line Items]
Services provided to affiliates	$ 326	$ 196
Purchased transportation and equipment rent [Member]
Related Party Transaction [Line Items]
Services provided to affiliates	$ 326	$ 196

Comprehensive Income - Componen

Comprehensive Income - Components of Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Statement Of Income And Comprehensive Income [Abstract]
Unrealized holding gains on available-for-sale investments, Gross amount	$ 260	$ 13
Unrealized holding gains on available-for-sale investments, Income tax expense	(77)	(3)
Unrealized holding gains on available-for-sale investments, Net of tax amount	183	10
Realized losses on available-for-sale investments reclassified into income, Gross amount	14	39
Realized losses on available-for-sale investments reclassified into income, Income tax benefit	(5)	(14)
Realized losses on available-for-sale investments reclassified into income, Net of tax amount	9	25
Unrealized holding losses on interest rate swaps, Gross amount	48	(369)
Unrealized holding losses on interest rate swaps, Income tax benefit	(18)	138
Unrealized holding losses on interest rate swaps, Net of tax amount	30	(231)
Foreign currency translation adjustments	$ 999	$ (241)

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Feb. 22, 2017	Feb. 24, 2016	Dec. 23, 2015	Apr. 29, 2015	Mar. 05, 2015	Dec. 20, 2012	Apr. 01, 2017	Apr. 02, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock grants vested			25.00%			25.00%
Total fair value of shares vested							$ 0.2	$ 0.2
Total unrecognized compensation cost							0.7
Share based compensation cost is expected to be recognized on a straight-line basis during remainder of 2017							0.1
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2018							0.4
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2019							0.1
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2020							$ 0.1
Equal Installments with the Final Vesting on March 5, 2020 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional restricted stock grants vested per year							25.00%
Equal Increments on Each December 20 in 2016, 2017 and 2018 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional restricted stock grants vested per year							25.00%
Grants Vesting on December 20, 2016 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional restricted stock grants vested per year							20.00%
Chief Executive Officer [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock grants vested	25.00%	25.00%		25.00%	25.00%
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of restricted stock granted			50,000			178,137	10,000
Restricted stock grant date fair value per share			$ 14.93			$ 16.42	$ 13.45
Restricted Stock [Member] | Chief Executive Officer [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of restricted stock granted	10,000	10,000	5,000	20,000	10,000
Restricted stock grant date fair value per share	$ 13.45	$ 15.55		$ 22.03	$ 25.18

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Status of Nonvested Shares (Detail) - Restricted Stock [Member] - $ / shares	Dec. 23, 2015	Dec. 20, 2012	Apr. 01, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Nonvested, Beginning Balance			45,000
Shares, Granted	50,000	178,137	10,000
Shares, Vested			(12,500)
Shares, Ending Balance			42,500
Weighted Average Grant Date Fair Value, Beginning Balance			$ 17.75
Weighted Average Grant Date Fair Value, Granted	$ 14.93	$ 16.42	13.45
Weighted Average Grant Date Fair Value, Vested			19.65
Weighted Average Grant Date Fair Value, Ending Balance			$ 16.22

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Earnings Per Share [Abstract]
Weighted average non-vested shares of restricted shares	346	0
Antidilutive securities excluded from computation of earnings per share, amount	35,000	68,225

Dividends - Additional Informat

Dividends - Additional Information (Detail) - $ / shares	Feb. 23, 2017	Apr. 01, 2017	Apr. 02, 2016
Earnings Per Share [Abstract]
Quarterly cash dividend declared per common stock	$ 0.07	$ 0.07	$ 0.07
Dividends payable, date declared	Feb. 23, 2017
Dividends payable, recorded date	Mar. 6, 2017
Dividends payable, date to be paid	Mar. 16, 2017

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Apr. 01, 2017Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Reporting - Summary of

Segment Reporting - Summary of Company's Reportable Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 284,442	$ 260,394
Income from operations	9,169	13,930
Total assets	583,073	534,194	$ 570,457
Operating Segments [Member] | Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	178,397	157,546
Income from operations	6,353	5,888
Total assets	261,974	208,313
Operating Segments [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Revenues	105,735	102,557
Income from operations	4,193	8,549
Total assets	299,504	285,755
Other [Member]
Segment Reporting Information [Line Items]
Revenues	310	291
Income from operations	(1,377)	(507)
Total assets	21,595	40,126
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	2,193	2,565
Intersegment Eliminations [Member] | Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	285	568
Intersegment Eliminations [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Revenues	$ 1,908	$ 1,997

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Workforce Subject to Collective Bargaining Arrangements [Member] - Unionized Employees Concentration Risk [Member]	3 Months Ended
	Apr. 01, 2017
Concentration Risk [Line Items]
Percentage of employees agreements that expire in 2017	17.00%
United States, Canada and Colombia [Member]
Concentration Risk [Line Items]
Percentage of revenues from major customers	31.00%
Mexico [Member]
Concentration Risk [Line Items]
Percentage of revenues from major customers	96.00%

Recent Accounting Pronounceme50

Recent Accounting Pronouncements- Additional Information (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Accounting Changes And Error Corrections [Abstract]
Equity Securities, Gross unrealized holding gains	$ 5,062	$ 4,780
Equity Securities, Gross unrealized holding losses	597	$ 589
Disclose of operating lease obligations	$ 72,100

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	Apr. 27, 2017	Feb. 23, 2017	Apr. 01, 2017	Apr. 02, 2016
Subsequent Event [Line Items]
Dividends payable, date declared		Feb. 23, 2017
Quarterly cash dividend declared per common stock		$ 0.07	$ 0.07	$ 0.07
Dividends payable, recorded date		Mar. 6, 2017
Dividends payable, date to be paid		Mar. 16, 2017
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends payable, date declared	Apr. 27, 2017
Quarterly cash dividend declared per common stock	$ 0.07
Dividends payable, recorded date	May 8, 2017
Dividends payable, date to be paid	May 18, 2017