Universal Logistics (ULH) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 30, 2019	May 06, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	ULH
Entity Registrant Name	Universal Logistics Holdings, Inc.
Entity Central Index Key	0001308208
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		28,838,827

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 6,336	$ 5,727
Marketable securities	10,208	9,333
Accounts receivable – net of allowance for doubtful accounts of $1,757 and $1,772, respectively	216,218	215,991
Other receivables	20,256	19,130
Prepaid expenses and other	17,829	19,830
Due from affiliates	4,617	5,247
Total current assets	275,464	275,258
Property and equipment – net of accumulated depreciation of $239,123 and $231,319, respectively	300,262	303,234
Operating lease right-of-use asset	83,828
Goodwill	147,935	145,152
Intangible assets – net of accumulated amortization of $66,668 and $62,624, respectively	106,142	113,775
Deferred income taxes	2,900	2,549
Other assets	3,194	3,179
Total assets	919,725	843,147
Current liabilities:
Accounts payable	100,680	92,019
Current portion of long-term debt	53,501	51,903
Insurance and claims	33,088	31,679
Accrued expenses and other current liabilities	28,284	25,126
Current portion of operating lease liabilities	25,021
Due to affiliates	12,637	17,764
Income taxes payable	11,024	2,678
Total current liabilities	264,235	221,169
Long-term liabilities:
Long-term debt, net of current portion	316,124	348,549
Operating lease liabilities, net of current portion	59,277
Deferred income taxes	55,468	59,228
Other long-term liabilities	3,967	4,902
Total long-term liabilities	434,836	412,679
Shareholders' equity:
Common stock, no par value. Authorized 100,000,000 shares; 30,970,452 and 30,965,452 shares issued; 28,383,827 and 28,378,827 shares outstanding, respectively	30,972	30,967
Paid-in capital	4,298	4,230
Treasury stock, at cost; 2,586,625 shares	(52,462)	(52,462)
Retained earnings	242,721	231,525
Accumulated other comprehensive income (loss):
Interest rate swaps, net of income taxes of $50 and $94, respectively	155	298
Foreign currency translation adjustments	(5,030)	(5,259)
Total shareholders’ equity	220,654	209,299
Total liabilities and shareholders’ equity	$ 919,725	$ 843,147

Unaudited Consolidated Balanc_2

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,757	$ 1,772
Property and equipment, accumulated depreciation	239,123	231,319
Intangible assets, accumulated amortization	$ 66,668	$ 62,624
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	30,970,452	30,965,452
Common stock, shares outstanding	28,383,827	28,383,827
Treasury stock, shares	2,586,625	2,586,625
Interest rate swaps, income taxes	$ 50	$ 94

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Operating revenues:
Truckload services	$ 65,671	$ 77,192
Brokerage services	85,867	78,159
Intermodal services	91,168	46,609
Dedicated services	37,021	35,020
Value-added services	97,679	98,133
Total operating revenues	377,406	335,113
Operating expenses:
Purchased transportation and equipment rent	177,325	162,011
Direct personnel and related benefits	93,167	85,956
Operating supplies and expenses	30,770	28,091
Commission expense	7,836	8,913
Occupancy expense	9,284	7,373
General and administrative	9,241	7,987
Insurance and claims	6,352	5,460
Depreciation and amortization	16,918	12,218
Total operating expenses	350,893	318,009
Income from operations	26,513	17,104
Interest income	22	17
Interest expense	(4,391)	(2,570)
Other non-operating income (expense)	953	(395)
Income before income taxes	23,097	14,156
Income tax expense	5,800	3,722
Net income	$ 17,297	$ 10,434
Earnings per common share:
Basic	$ 0.61	$ 0.37
Diluted	$ 0.61	$ 0.37
Weighted average number of common shares outstanding:
Basic	28,380	28,386
Diluted	28,381	28,393
Dividends declared per common share	$ 0.105	$ 0.105

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 17,297	$ 10,434
Other comprehensive income:
Unrealized changes in fair value of interest rate swaps, net of income taxes of $(44) and $61, respectively	(143)	200
Foreign currency translation adjustments	229	1,521
Total other comprehensive income	86	1,721
Total comprehensive income	$ 17,383	$ 12,155

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Unrealized changes in fair value of interest rate swaps, tax	$ (44)	$ 61

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 17,297	$ 10,434
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,918	12,218
Noncash lease expense	7,103
(Gain) loss on marketable equity securities	(875)	520
Gain on disposal of property and equipment	(24)	(9)
Amortization of debt issuance costs	147	85
Stock-based compensation	73	245
Provision (credit) for doubtful accounts	507	(297)
Deferred income taxes	(3,240)	(1,564)
Change in assets and liabilities:
Trade and other accounts receivable	(1,752)	(23,177)
Prepaid expenses and other assets	1,810	4,067
Accounts payable, accrued expenses and other current liabilities, insurance and claims, and income taxes payable	21,926	21,523
Principal reduction in operating lease liabilities	(6,692)
Due to/from affiliates, net	(4,497)	(7,307)
Other long-term liabilities	(935)	(630)
Net cash provided by operating activities	47,766	16,108
Cash flows from investing activities:
Capital expenditures	(10,790)	(7,336)
Proceeds from the sale of property and equipment	913	1,255
Purchases of marketable securities		(119)
Proceeds from sale of marketable securities		2,811
Acquisition of business	(427)	(34,850)
Net cash used in investing activities	(10,304)	(38,239)
Cash flows from financing activities:
Proceeds from borrowing - revolving debt	15,565	89,850
Repayments of debt - revolving debt	(41,249)	(72,349)
Proceeds from borrowing - term debt	7,979	12,406
Repayments of debt - term debt	(12,728)	(12,619)
Borrowings under margin account		9,100
Repayments under margin account	(541)	(3,364)
Payment of capital lease obligations		(22)
Capitalized financing costs		(124)
Dividends paid	(6,101)	(1,988)
Net cash (used in) provided by financing activities	(37,075)	20,890
Effect of exchange rate changes on cash and cash equivalents	222	1,714
Net increase in cash	609	473
Cash and cash equivalents – beginning of period	5,727	1,672
Cash and cash equivalents – end of period	6,336	2,145
Supplemental cash flow information:
Cash paid for interest	4,091	2,408
Cash paid for income taxes	769	1,185
Acquisition of business:
Fair value of assets acquired		38,943
Liabilities assumed		(3,838)
Acquisition obligation		(255)
Payment of acquisition obligations	427
Net cash paid for acquisition of business	$ 427	$ 34,850

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common stock [Member]	Paid-in capital [Member]	Treasury stock [Member]	Retained earnings [Member]	Accumulated other comprehensive income (loss) [Member]
Balances at Dec. 31, 2017	$ 168,765	$ 30,943	$ 3,841	$ (51,532)	$ 186,226	$ (713)
Net income	10,434				10,434
Comprehensive income	1,721					1,721
Cumulative effect adjustment | ASU 2014-09 [Member]	228				228
Cumulative effect adjustment | ASU 2016-01 [Member]					3,823	(3,823)
Dividends paid	(1,988)				(1,988)
Stock based compensation	245	12	233
Balances at Mar. 31, 2018	179,405	30,955	4,074	(51,532)	198,723	(2,815)
Balances at Dec. 31, 2018	209,299	30,967	4,230	(52,462)	231,525	(4,961)
Net income	17,297				17,297
Comprehensive income	86					86
Dividends paid	(6,101)				(6,101)
Stock based compensation	73	5	68
Balances at Mar. 30, 2019	$ 220,654	$ 30,972	$ 4,298	$ (52,462)	$ 242,721	$ (4,875)

Unaudited Consolidated Statem_6

Unaudited Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Statement Of Stockholders Equity [Abstract]
Dividends paid per share	$ 0.215	$ 0.07

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	(1) Basis of Presentation The accompanying unaudited consolidated financial statements of Universal Logistics Holdings, Inc. and its wholly-owned subsidiaries (collectively, “Universal” or the “Company”) 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, 2018 and 2017 and for each of the years in the three-year period ended December 31, 2018 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. The Company made certain immaterial reclassifications to items in its prior financial statements so that their presentation is consistent with the format in the financial statements for the period ended March 30, 2019. These reclassifications, however, had no effect on reported consolidated net income, comprehensive income, earnings per common share, cash flows, total assets or shareholders’ equity as previously reported.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 30, 2019
Accounting Policies [Abstract]
Recent Accounting Pronouncements	(2) Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income financial condition, results of operations, or cash flows. In June 2016, the FASB issued ASU No. 2016-13, (“ASU 2016-13”), Accounting for Credit Losses

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 30, 2019
Revenue Recognition [Abstract]
Revenue Recognition	(3) Revenue Recognition The Company broadly groups its services into the following categories: truckload services, brokerage services, intermodal services, dedicated services and value-added services. We disaggregate these categories and report our service lines separately on the Consolidated Statements of Income. Truckload services include dry van, flatbed, heavy-haul and refrigerated operations. We transport a wide variety of general commodities, including automotive parts, machinery, building materials, paper, food, consumer goods, furniture, steel and other metals on behalf of customers in various industries. To complement our available capacity, we provide customers freight brokerage services by utilizing third-party transportation providers to move freight. Brokerage services also include full service domestic and international freight forwarding, and customs brokerage. Intermodal services include rail-truck, steamship-truck and support services. Our intermodal support services are primarily short-to-medium distance delivery of rail and steamship containers between the railhead or port and the customer and drayage services. Dedicated services are primarily provided in support of automotive and retail customers using van equipment. Dedicated services also include our final mile and ground expedited services. Our dedicated services are primarily short run or round-trip moves within a defined geographic area. Transportation services are short-term in nature; agreements governing their provision generally have a term of less than one year. They do not contain significant financing components. The Company recognizes revenue over the period transportation services are provided to the customer, including service performed as of the end of the reporting period for loads currently in-transit, in order to recognize the value that is transferred to a customer over the course of the transportation service. We determine revenue in-transit using the input method, under which revenue is recognized based on the duration of time that has lapsed from the departure date (start of transportation services) to the arrival date (completion of transportation services). Measurement of revenue in-transit requires the application of significant judgment. We calculate the estimated percentage of an order’s transit time that is complete at period end, and we apply that percentage of completion to the order’s estimated revenue. Value-added services, which are typically dedicated to individual customer requirements, include material handling, consolidation, sequencing, sub-assembly, cross-dock services, kitting, repacking, warehousing and returnable container management. Value-added revenues are substantially driven by the level of demand for outsourced logistics services. Major factors that affect value-added service revenue includes changes in manufacturing supply chain requirements and production levels in specific industries, particularly the North American automotive and Class-8 heavy-truck industries. Revenue is recognized as control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration the Company expects to receive in exchange for its services. We have elected to use the “right to invoice” practical expedient to recognize revenue, The contracts in our value-added services businesses are negotiated agreements, which contain both fixed and variable components. The variability of revenues is driven by volumes and transactions, which are known as of an invoice date. Value-added service contracts typically have terms that extend beyond one year, and they do not include financing components. The following table provides information related to contract balances associated with our contracts with customers (in thousands): March 30, 2019 December 31, 2018 Prepaid expenses and other - contract assets $ 1,746 $ 1,901 We generally receive payment for performance obligations within 45 days of completion of transportation services and 65 days for completion of value-added services. Contract assets in the table above generally relate to revenue in-transit at the end of the reporting period.

Marketable Securities

Marketable Securities	3 Months Ended
	Mar. 30, 2019
Investments Debt And Equity Securities [Abstract]
Marketable Securities	(4 ) Marketable Securities The Company accounts for its marketable equity securities in accordance with ASC Topic 321 “ Investments- Equity Securities Marketable equity securities are carried at fair value, with gains and losses in fair market value included in the determination of net income. The fair value of marketable equity securities is determined based on quoted market prices in active markets, as described in Note 8. The following table sets forth market value, cost, and unrealized gains on equity securities (in thousands): March 30, 2019 December 31, 2018 Fair value $ 10,208 $ 9,333 Cost 9,333 11,143 Unrealized gain (loss) $ 875 $ (1,810 ) The following table sets forth the gross unrealized gains and losses on the Company’s marketable securities (in thousands): March 30, 2019 December 31, 2018 Gross unrealized gains $ 935 $ 89 Gross unrealized losses (60 ) (1,899 ) Net unrealized gains (losses) $ 875 $ (1,810 ) The following table shows the Company’s net realized gains (loss) on marketable equity securities (in thousands): Thirteen weeks ended March 30, 2019 March 31, 2018 Realized gain Sale proceeds $ — $ 2,811 Cost of securities sold — 2,684 Realized gain $ — $ 127 Realized gain, net of taxes $ — $ 94 During the thirteen-week periods ended March 30, 2019 and March 31, 2018, our marketable equity securities portfolio experienced a net unrealized pre-tax gain (loss) in market value of approximately $875,000 and $(647,000), respectively, which was reported in other non-operating income (expense) for the period.

Goodwill

Goodwill	3 Months Ended
	Mar. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	( 5 ) Goodwill The changes in the carrying amount of goodwill during the thirteen weeks ended March 30, 2019 are as follows: Balance as of January 1, 2019 $ 145,152 Container Connection purchase accounting adjustment 2,783 Balance as of March 30, 2019 $ 147,935 During the thirteen weeks ended March 30, 2019, the Company made purchase accounting adjustments to the preliminary purchase price allocation of the Company’s December 7, 2018 acquisition of Container Connection. The adjustments resulted in an increase in goodwill of $2.8 million and in deferred tax liabilities of $0.8 million, with an offsetting decrease in intangible assets of $3.6 million. At March 30, 2019 and December 31, 2018, $91.6 million and $88.9 million of goodwill was recorded in our transportation segment, respectively. At both March 30, 2019 and December 31, 2018, $56.3 million of goodwill was recorded in our logistics segment.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 30, 2019
Payables And Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	( 6 ) Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities are comprised of the following (in thousands): March 30, 2019 December 31, 2018 Payroll related items $ 14,498 $ 11,476 Driver escrow liabilities 3,768 3,923 Commissions, taxes and other 10,018 9,727 Total $ 28,284 $ 25,126

Debt

Debt	3 Months Ended
	Mar. 30, 2019
Debt Disclosure [Abstract]
Debt	( 7 ) Debt Debt is comprised of the following (in thousands): Interest Rates at March 30, 2019 March 30, 2019 December 31, 2018 Outstanding Debt: Credit and Security Agreement (1) Term Loan 4.00% $ 148,125 $ 150,000 Revolver 4.00% 54,904 80,588 Equipment Financing (2) 3.18% to 5.13% 124,761 126,162 Real Estate Financing (3) 4.75% 44,391 45,864 Margin Facility (4) 3.60% — 541 Unamortized debt issuance costs (2,556 ) (2,703 ) 369,625 400,452 Less current portion of long-term debt 53,501 51,903 Total long-term debt, net of current portion $ 316,124 $ 348,549 (1) The Credit and Security Agreement (the “Credit Agreement”) provides for maximum borrowings of $350 million in the form of a $150 million term loan and a $200 million revolver. Term loan proceeds were advanced on November 27, 2018 and mature on November 26, 2023. The term loan will be repaid in consecutive quarterly installments, as defined in the Credit Agreement, commencing March 31, 2019, with the remaining balance due at maturity. Borrowings under the revolving credit facility may be made until and mature on November 26, 2023. Borrowings under the Credit Agreement bear interest at LIBOR or a base rate, plus an applicable margin for each based the Company’s leverage ratio. The Credit Agreement is secured by a first priority pledge of the capital stock of applicable subsidiaries, as well as first priority perfected security interest in cash, deposits, accounts receivable, and selected other assets of the applicable borrowers. The Credit Agreement includes customary affirmative and negative covenants and events of default, as well as financial covenants requiring minimum fixed charge coverage and leverage ratios, and customary mandatory prepayments provisions. At March 30, 2019, we were in compliance with all covenants under the facility, and $145.1 million was available for borrowing on the revolver (7) Debt – continued (2) 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 and are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 3.18% to 5.13%. At March 30, 2019, we were in compliance with all covenants. (3) The Real Estate Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance certain real property. The promissory notes, which are secured by first mortgages and assignment of leases on specific parcels of real estate and improvements, include certain affirmative and negative covenants and are generally payable in 120 monthly installments. Each of the notes bears interest at LIBOR plus 2.25%. At March 30, 2019, we were in compliance with all covenants. (4) 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. At March 30, 2019, the maximum available borrowings under the line of credit were $5.6 million. The Company is also party to two 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 $15.7 million at March 30, 2019. Under 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. At March 30, 2019, the fair value of the 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 8 for additional information pertaining to interest rate swaps.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	3 Months Ended
	Mar. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	( 8 ) 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. ( 8 ) Fair Value Measurements and Disclosures – continued 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): March 30, 2019 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 21 $ — $ — $ 21 Marketable securities 10,208 — — 10,208 Interest rate swaps — 205 — 205 Total $ 10,229 $ 205 $ — $ 10,434 December 31, 2018 Level 1 Level 2 Level 3 Fair Value Measurement Assets Marketable securities $ 9,333 $ — $ — $ 9,333 Interest rate swaps — 392 — 392 Total $ 9,333 $ 392 $ — $ 9,725 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 – 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 March 30, 2019 is summarized as follows: Carrying Value Estimated Fair Value Equipment promissory notes $ 124,761 $ 124,523 We have not elected the fair value option for any of our financial instruments.

Leases

Leases	3 Months Ended
	Mar. 30, 2019
Leases [Abstract]
Leases	(9) Leases On January 1, 2019, we adopted ASU 2016-02, Leases We initially record these assets and liabilities based on the present value of lease payments over the lease term using our incremental borrowing rate applicable to the leased asset or the implicit rate in the lease if it is readily determinable. Most of our leases did not provide a readily determinable implicit rate, and therefore we estimated our incremental borrowing rate based on information available at lease commencement. The incremental borrowing rate is defined as the rate of interest that we would have to pay to borrow, on a collateralized basis and over a similar term, an amount equal to the lease payments in a similar economic environment. We elected to utilize a portfolio approach and applied the rates to a portfolio of leases with similar underlying assets and terms. Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. ASU 2016-02 was adopted using the modified retrospective approach, and as such p rior period amounts are reported under the accounting standards in effect for those periods As of March 30, 2019, our obligations under operating lease arrangements primarily related to the rental of office space, warehouses, freight distribution centers, terminal yards and equipment We did not separate lease and nonlease components of contracts for purposes of determining the right-of use lease asset and corresponding liability. Variable lease components that do not depend on an index or a rate, and variable nonlease components were also not contemplated in the calculation of the right-of-use asset and corresponding liability. For facility leases, variable lease costs include the costs of common area maintenance, taxes, and insurance for which we pay the lessors an estimate that is adjusted to actual expense on a quarterly or annual basis depending on the underlying contract terms. For equipment leases, variable lease costs may include additional fees associated with using equipment in excess of estimated amounts. Leases with an initial term of 12 months or less, short-term leases, are not recorded on the balance sheet. Lease expense for short-term and long-term operating leases is recognized on a straight-line bases over the lease term. The following table summarizes our lease costs for the thirteen week period ended March 30, 2019 and related information (in thousands) Lease cost Operating lease cost $ 8,177 Short-term lease cost 1,393 Variable lease cost 333 Sublease income (671 ) Total lease cost $ 9,232 Other information Cash paid for amounts included in the measurement of operating leases $ 7,700 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,107 Weighted-average remaining lease term (in years) 4.8 Weighted-average discount rate 5.0 % (9) Future minimum lease payments under these operating leases as of March 30, 2019, are as follows (in thousands): With Affiliates With Third Parties Total Year one $ 9,416 $ 19,088 $ 28,504 Year two 6,535 14,371 20,906 Year three 4,444 7,790 12,234 Year four 3,646 4,891 8,537 Year five 3,595 4,422 8,017 Thereafter 7,205 9,869 17,074 Total required lease payments $ 34,841 $ 60,431 $ 95,272 Less amounts representing interest (10,974 ) Present value of lease liabilities $ 84,298

Transactions with Affiliates

Transactions with Affiliates	3 Months Ended
	Mar. 30, 2019
Related Party Transactions [Abstract]
Transactions with Affiliates	( 10 ) Transactions with Affiliates CenTra, Inc. (“CenTra”), an affiliate of the Company that is owned by our controlling shareholders, 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 CenTra and other affiliates under common control with CenTra . Following is a schedule of costs incurred and included in operating expenses for services provided by affiliates for the thirteen weeks ended March 30, 2019 and March 31, 2018 (in thousands): Thirteen weeks ended March 30, 2019 March 31, 2018 Administrative support services $ 714 $ 1,115 Truck fuel, tolls and maintenance 302 503 Real estate rent and related costs 3,244 4,007 Insurance and employee benefit plans 9,474 11,289 Purchased transportation and equipment rent 8 3 Total $ 13,742 $ 16,917 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 36 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 March 30, 2019 and December 31, 2018, amounts due to affiliates were $12.6 million and $17.8 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 March 30, 2019 and December 31, 2018, there were $11.5 million and $10.5 million, respectively, included in each of these accounts for insured claims. (10) 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 March 30, 2019 and March 31, 2018 (in thousands): Thirteen weeks ended March 30, 2019 March 31, 2018 Purchased transportation and equipment rent $ 249 $ 142 Total $ 249 $ 142 At March 30, 2019 and December 31, 2018, amounts due from affiliates were $4.6 million and $5.2 million, respectively.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Based Compensation	( 1 1 ) 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 and February 24, 2016, the Company granted 10,000 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 and $15.55 per share, respectively, based on the closing price of the Company’s stock on each grant date. For each award, 25% of the shares vested immediately on the grant dates, and the remaining shares vest in three equal installments with the final vesting of the 2017 award to occur on March 5, 2020, in each case subject to continued employment with the company. On February 20, 2019, the Company granted 44,500 shares of restricted stock to certain of its employees, including 12,000 shares to our Chief Executive Officer and 10,000 shares to our Chief Financial Officer. The restricted stock grants have a grant date fair value of $23.56 per share, based on the closing price of the Company’s stock, and will vest in four equal increments on each February 20 in 2020, 2021, 2022 and 2023. A grantee’s vesting of restricted stock awards may be accelerated under certain conditions, including retirement. The following table summarizes the status of the Company’s non-vested shares and related information for the period indicated: Shares Weighted Average Date Non-vested at January 1, 2019 7,500 $ 14.15 Granted 44,500 $ 23.56 Vested (5,000 ) $ 14.50 Forfeited — $ — Balance at March 30, 2019 47,000 $ 23.02 During the thirteen-week periods ended March 30, 2019 and March 31, 2018, the total grant date fair value of vested shares recognized as compensation costs was $0.1 million and $0.2 million, respectively. As of March 30, 2019, there was approximately $1.2 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 $0.3 million in each year of 2020, 2021, 2022 and 2023.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	( 1 2 ) 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 March 30, 2019 and March 31, 2018, there were 882 and 6,750 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 March 30, 2019, 44,500 shares of non-vested restricted stock were excluded from the calculation of diluted earnings per share because such shares were anti-dilutive. No shares were excluded from the calculation of diluted earnings per share for the thirteen weeks ended March 31, 2018.

Dividends

Dividends	3 Months Ended
	Mar. 30, 2019
Earnings Per Share [Abstract]
Dividends	(1 3 ) Dividends On February 21, 2019, our Board of Directors declared the regular quarterly cash dividend of $0.105 per share of common stock. In addition, the Board of Directors approved an additional special annual dividend of $0.110 per share of common stock. Both dividends were payable to shareholders of record at the close of business on March 4, 2019 and paid on March 14, 2019. 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
	Mar. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	(1 4 ) 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 March 30, 2019 and March 31, 2018 (in thousands): Thirteen weeks ended March 30, 2019 Transportation Logistics Other Total Operating revenues $ 246,704 $ 130,399 $ 303 $ 377,406 Eliminated inter-segment revenues (511 ) (499 ) - (1,010 ) Income from operations 12,532 13,820 161 26,513 Total assets 523,626 357,912 38,187 919,725 Thirteen weeks ended March 31, 2018 Transportation Logistics Other Total Operating revenues $ 206,108 $ 128,648 $ 357 $ 335,113 Eliminated inter-segment revenues (771 ) (2,803 ) - (3,574 ) Income from operations 10,113 7,433 (442 ) 17,104 Total assets 335,673 306,113 20,682 662,468

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(1 5 ) Commitments and Contingencies Our principal commitments relate to long-term real estate leases and payment obligations to equipment vendors. On October 16, 2017, a jury in state court in Cook County, Illinois rendered a verdict of $54.2 million against Universal Am-Can, Ltd. (“UACL”) in the matter of Denton v. UACL, et al. The litigation relates to a vehicular accident that occurred on February 8, 2011 on I-65 in Rensselaer, Indiana. The accident involved a tractor-trailer being driven by an independent owner-operator of UACL. The driver was braking on the expressway in order to avoid another vehicle being driven the wrong way on the interstate. The truck attempted to avoid the oncoming vehicle and the plaintiff’s vehicle and, in so doing, struck the plaintiff’s vehicle. As a result of the accident, the plaintiff sustained non-life threatening injuries. In connection with the verdict, the jury determined that UACL was responsible for the liability associated with the accident. The verdict included $19.2 million in compensatory damages and $35.0 million in punitive damages against UACL. Interest on the verdict accrues at a rate of 9% per year. The insurance coverage available for reimbursement of UACL’s damages underlying the verdict is limited to $1.0 million. We believe the facts and the law do not support the jury’s findings of liability against UACL. The Company has filed an appeal with the Appellate Court of Illinois First Judicial District to overturn the verdict and the judgment. Enforcement of the judgment has been stayed pending the outcome of the appeal. The Company currently estimates the possible range of financial exposure in the matter, net of insurance coverage and before advances made to plaintiffs, to be between $18.2 and $53.2 million. Based on the Company’s best estimate of the liability at this time, the Company recorded an accrued liability for this matter of $18.2 million, which is inclusive of any interest accruing and before consideration of advances made. In September 2018, the Company made a $7.0 million advance, the amount of which will be used as an offset against the ultimate resolution. As such, this amount was recorded as a reduction of the Company’s accrued liability. While we cannot predict with any certainty the outcome of this litigation, its ultimate resolution could be significantly different from our estimate and materially affect our financial condition, results of operations and cash flows. The Company was plaintiff in a lawsuit that was filed on June 11, 2015 against, among others, Dalton Logistics, Inc. (“Dalton”) in the United States District Court for the Southern District of Texas. The Company was seeking approximately $1.9 million in damages from a debtor relating to unpaid freight charges. In response to the filing of the complaint, the shareholders of Dalton filed a counterclaim against the Company alleging that the Company, in connection with certain unrelated negotiations with the defendant, breached an alleged agreement to acquire Dalton. The respective claims proceeded to trial and, on July 21, 2017, a jury returned two separate verdicts: One in favor of Universal for $1.9 million, and a second in favor of the defendant for approximately $5.7 million. On October 30, 2017, the court entered a judgment against Universal for the $5.7 million, but ignored the $1.9 million jury award in favor of Universal. The Company has filed an appeal with the United States Court of Appeals for the Fifth Circuit to overturn the verdict and the judgment. Enforcement of the judgment has been stayed pending the outcome of the appeal. The Company currently estimates the possible range of financial exposure in the matter to be between $0 and $5.7 million. Based on the Company’s best estimate of the liability at this time, the Company has recorded an accrued liability for this matter of $1.8 million. While we cannot predict with any certainty the outcome of this litigation, management does not believe the outcome will have a material adverse effect on our business, financial condition, results of operations or cash flows. The Company is involved in certain other 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. However, if we experience claims that are not covered by our insurance or that exceed our estimated claim reserve, it could increase the volatility of our earnings and have a materially adverse effect on our financial condition, results of operations or cash flows. At March 30, 2019, approximately 27% of our employees in the United States, Canada and Colombia, and 90% of our employees in Mexico are subject to collective bargaining agreements that are renegotiated periodically, 14% of which are subject to contracts that expire in 2019.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	(1 6 ) Subsequent Events On April 22, 2019, the Company acquired Michael’s Cartage, Inc. (“Michael’s”). Headquartered in Bridgeview, Illinois, Michael’s provides intermodal drayage services to customers primarily within a 300-mile radius of the Chicagoland area. The total cash purchase price was $22.0 million, subject to post-closing adjustments. The Company used available cash and borrowings on its revolving credit facility to finance the acquisition, and is in the process of finalizing the purchase accounting for this transaction. On April 25, 2019, our Board of Directors declared a quarterly cash dividend of $0.105 per share of common stock, payable to shareholders of record at the close of business on May 6, 2019 and expected to be paid on May 16, 2019. 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.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 30, 2019
Accounting Policies [Abstract]
Recent Accounting Pronouncements	In February 2016, the FASB issued ASU 2016-02, Leases In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income financial condition, results of operations, or cash flows. In June 2016, the FASB issued ASU No. 2016-13, (“ASU 2016-13”), Accounting for Credit Losses

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 30, 2019
Revenue Recognition [Abstract]
Contacts Balances Associated with Customers	The following table provides information related to contract balances associated with our contracts with customers (in thousands): March 30, 2019 December 31, 2018 Prepaid expenses and other - contract assets $ 1,746 $ 1,901 We generally receive payment for performance obligations within 45 days of completion of transportation services and 65 days for completion of value-added services. Contract assets in the table above generally relate to revenue in-transit at the end of the reporting period.

Marketable Securities (Tables)

Marketable Securities (Tables)	3 Months Ended
	Mar. 30, 2019
Investments Debt And Equity Securities [Abstract]
Schedule of Market Value, Cost and Unrealized Gains on Equity Securities	The following table sets forth market value, cost, and unrealized gains on equity securities (in thousands): March 30, 2019 December 31, 2018 Fair value $ 10,208 $ 9,333 Cost 9,333 11,143 Unrealized gain (loss) $ 875 $ (1,810 )
Schedule of Gross Unrealized Gains and Losses on Marketable Securities	The following table sets forth the gross unrealized gains and losses on the Company’s marketable securities (in thousands): March 30, 2019 December 31, 2018 Gross unrealized gains $ 935 $ 89 Gross unrealized losses (60 ) (1,899 ) Net unrealized gains (losses) $ 875 $ (1,810 )
Summary of Net Realized Gains (Loss) on Marketable Equity Securities	The following table shows the Company’s net realized gains (loss) on marketable equity securities (in thousands): Thirteen weeks ended March 30, 2019 March 31, 2018 Realized gain Sale proceeds $ — $ 2,811 Cost of securities sold — 2,684 Realized gain $ — $ 127 Realized gain, net of taxes $ — $ 94

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill during the thirteen weeks ended March 30, 2019 are as follows: Balance as of January 1, 2019 $ 145,152 Container Connection purchase accounting adjustment 2,783 Balance as of March 30, 2019 $ 147,935

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 30, 2019
Payables And Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses and other current liabilities are comprised of the following (in thousands): March 30, 2019 December 31, 2018 Payroll related items $ 14,498 $ 11,476 Driver escrow liabilities 3,768 3,923 Commissions, taxes and other 10,018 9,727 Total $ 28,284 $ 25,126

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 30, 2019
Debt Disclosure [Abstract]
Details of Debt	Debt is comprised of the following (in thousands): Interest Rates at March 30, 2019 March 30, 2019 December 31, 2018 Outstanding Debt: Credit and Security Agreement (1) Term Loan 4.00% $ 148,125 $ 150,000 Revolver 4.00% 54,904 80,588 Equipment Financing (2) 3.18% to 5.13% 124,761 126,162 Real Estate Financing (3) 4.75% 44,391 45,864 Margin Facility (4) 3.60% — 541 Unamortized debt issuance costs (2,556 ) (2,703 ) 369,625 400,452 Less current portion of long-term debt 53,501 51,903 Total long-term debt, net of current portion $ 316,124 $ 348,549 (1) The Credit and Security Agreement (the “Credit Agreement”) provides for maximum borrowings of $350 million in the form of a $150 million term loan and a $200 million revolver. Term loan proceeds were advanced on November 27, 2018 and mature on November 26, 2023. The term loan will be repaid in consecutive quarterly installments, as defined in the Credit Agreement, commencing March 31, 2019, with the remaining balance due at maturity. Borrowings under the revolving credit facility may be made until and mature on November 26, 2023. Borrowings under the Credit Agreement bear interest at LIBOR or a base rate, plus an applicable margin for each based the Company’s leverage ratio. The Credit Agreement is secured by a first priority pledge of the capital stock of applicable subsidiaries, as well as first priority perfected security interest in cash, deposits, accounts receivable, and selected other assets of the applicable borrowers. The Credit Agreement includes customary affirmative and negative covenants and events of default, as well as financial covenants requiring minimum fixed charge coverage and leverage ratios, and customary mandatory prepayments provisions. At March 30, 2019, we were in compliance with all covenants under the facility, and $145.1 million was available for borrowing on the revolver (7) Debt – continued (2) 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 and are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 3.18% to 5.13%. At March 30, 2019, we were in compliance with all covenants. (3) The Real Estate Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance certain real property. The promissory notes, which are secured by first mortgages and assignment of leases on specific parcels of real estate and improvements, include certain affirmative and negative covenants and are generally payable in 120 monthly installments. Each of the notes bears interest at LIBOR plus 2.25%. At March 30, 2019, we were in compliance with all covenants. (4) 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. At March 30, 2019, the maximum available borrowings under the line of credit were $5.6 million.

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Mar. 30, 2019
Fair Value Disclosures [Abstract]
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	( 8 ) Fair Value Measurements and Disclosures – continued 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): March 30, 2019 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 21 $ — $ — $ 21 Marketable securities 10,208 — — 10,208 Interest rate swaps — 205 — 205 Total $ 10,229 $ 205 $ — $ 10,434 December 31, 2018 Level 1 Level 2 Level 3 Fair Value Measurement Assets Marketable securities $ 9,333 $ — $ — $ 9,333 Interest rate swaps — 392 — 392 Total $ 9,333 $ 392 $ — $ 9,725
Summary of Carrying Values and Estimated Fair Values of Promissory Notes	The carrying value and estimated fair value of these promissory notes at March 30, 2019 is summarized as follows: Carrying Value Estimated Fair Value Equipment promissory notes $ 124,761 $ 124,523

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 30, 2019
Leases [Abstract]
Summary Lease Costs and Related Information	The following table summarizes our lease costs for the thirteen week period ended March 30, 2019 and related information (in thousands) Lease cost Operating lease cost $ 8,177 Short-term lease cost 1,393 Variable lease cost 333 Sublease income (671 ) Total lease cost $ 9,232 Other information Cash paid for amounts included in the measurement of operating leases $ 7,700 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,107 Weighted-average remaining lease term (in years) 4.8 Weighted-average discount rate 5.0 %
Schedule of Future Minimum Lease Payments Under Operating Leases	Future minimum lease payments under these operating leases as of March 30, 2019, are as follows (in thousands): With Affiliates With Third Parties Total Year one $ 9,416 $ 19,088 $ 28,504 Year two 6,535 14,371 20,906 Year three 4,444 7,790 12,234 Year four 3,646 4,891 8,537 Year five 3,595 4,422 8,017 Thereafter 7,205 9,869 17,074 Total required lease payments $ 34,841 $ 60,431 $ 95,272 Less amounts representing interest (10,974 ) Present value of lease liabilities $ 84,298

Transactions with Affiliates (T

Transactions with Affiliates (Tables)	3 Months Ended
	Mar. 30, 2019
Related Party Transactions [Abstract]
Schedule of Amounts Charged to UTSI	Following is a schedule of costs incurred and included in operating expenses for services provided by affiliates for the thirteen weeks ended March 30, 2019 and March 31, 2018 (in thousands): Thirteen weeks ended March 30, 2019 March 31, 2018 Administrative support services $ 714 $ 1,115 Truck fuel, tolls and maintenance 302 503 Real estate rent and related costs 3,244 4,007 Insurance and employee benefit plans 9,474 11,289 Purchased transportation and equipment rent 8 3 Total $ 13,742 $ 16,917
Schedule of Services Provided to Affiliates	Following is a schedule of services provided to affiliates for the thirteen weeks ended March 30, 2019 and March 31, 2018 (in thousands): Thirteen weeks ended March 30, 2019 March 31, 2018 Purchased transportation and equipment rent $ 249 $ 142 Total $ 249 $ 142

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Status of Nonvested Shares	The following table summarizes the status of the Company’s non-vested shares and related information for the period indicated: Shares Weighted Average Date Non-vested at January 1, 2019 7,500 $ 14.15 Granted 44,500 $ 23.56 Vested (5,000 ) $ 14.50 Forfeited — $ — Balance at March 30, 2019 47,000 $ 23.02

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 and March 31, 2018 (in thousands): Thirteen weeks ended March 30, 2019 Transportation Logistics Other Total Operating revenues $ 246,704 $ 130,399 $ 303 $ 377,406 Eliminated inter-segment revenues (511 ) (499 ) - (1,010 ) Income from operations 12,532 13,820 161 26,513 Total assets 523,626 357,912 38,187 919,725 Thirteen weeks ended March 31, 2018 Transportation Logistics Other Total Operating revenues $ 206,108 $ 128,648 $ 357 $ 335,113 Eliminated inter-segment revenues (771 ) (2,803 ) - (3,574 ) Income from operations 10,113 7,433 (442 ) 17,104 Total assets 335,673 306,113 20,682 662,468

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Mar. 31, 2018
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Increase in assets	$ 919,725		$ 843,147	$ 662,468
Increase in current liabilities	264,235		221,169
Increase in long-term liabilities	$ 434,836		$ 412,679
ASU 2016-02 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Increase in assets		$ 88,800
Increase in current liabilities		26,000
Increase in long-term liabilities		$ 62,800

Revenue Recognition - Aditional

Revenue Recognition - Aditional Information (Detail)	3 Months Ended
	Mar. 30, 2019
Revenue Recognition Multiple Deliverable Arrangements [Line Items]
Payment receivable obligation term for completion of transportation services.	45 days
Payment receivable obligation for completion of value added services	65 days
Maximum [Member]
Revenue Recognition Multiple Deliverable Arrangements [Line Items]
Transportation services term	1 year

Revenue Recognition - Contact B

Revenue Recognition - Contact Balances Associated with Customers (Detail) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Other Current Assets [Member]
Disaggregation Of Revenue [Line Items]
Prepaid expenses and other - contract assets	$ 1,746	$ 1,901

Marketable Securities - Schedul

Marketable Securities - Schedule of Market Value, Cost and Unrealized Gains on Equity Securities (Detail) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Marketable securities	$ 10,208	$ 9,333
Cost	9,333	11,143
Unrealized gain (loss)	$ 875	$ (1,810)

Marketable Securities - Sched_2

Marketable Securities - Schedule of Gross Unrealized Gains and Losses on Marketable Securities (Detail) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Gross unrealized gains	$ 935	$ 89
Gross unrealized losses	(60)	(1,899)
Net unrealized gains (losses)	$ 875	$ (1,810)

Marketable Securities - Summary

Marketable Securities - Summary of Net Realized Gains (Loss) on Marketable Equity Securities (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Realized gain
Sale proceeds	$ 2,811
Cost of securities sold	2,684
Realized gain	127
Realized gain, net of taxes	$ 94

Marketable Securities - Additio

Marketable Securities - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Other Nonoperating Income (Expense)
Schedule Of Available For Sale Securities [Line Items]
Net unrealized pre-tax gain (loss) in market value	$ 875,000	$ (647,000)

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Carrying amount of Goodwill (Detail) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Goodwill [Line Items]
Beginning Balance	$ 145,152
Ending Balance	147,935
Container Connection [Member]
Goodwill [Line Items]
Container Connection purchase accounting adjustment	$ 2,783

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 147,935	$ 145,152
Transportation [Member]
Goodwill [Line Items]
Goodwill	91,600	88,900
Logistics [Member]
Goodwill [Line Items]
Goodwill	56,300	$ 56,300
Container Connection [Member]
Goodwill [Line Items]
Increase in goodwill	2,783
Increase in deferred tax liabilities	800
Decrease in intangible assets	$ 3,600

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Payables And Accruals [Abstract]
Payroll related items	$ 14,498	$ 11,476
Driver escrow liabilities	3,768	3,923
Commissions, taxes and other	10,018	9,727
Total	$ 28,284	$ 25,126

Debt - Details of Debt (Detail)

Debt - Details of Debt (Detail) - USD ($) $ in Thousands		Mar. 30, 2019	Dec. 31, 2018
Outstanding Debt:
Unamortized debt issuance costs		$ (2,556)	$ (2,703)
Outstanding Debt		369,625	400,452
Less current portion of long-term debt		53,501	51,903
Total long-term debt, net of current portion		316,124	348,549
Credit and Security Agreement [Member] | Term Loan [Member]
Outstanding Debt:
Outstanding Debt	[1]	$ 148,125	150,000
Credit facility, Interest Rates	[1]	4.00%
Credit and Security Agreement [Member] | Revolver [Member]
Outstanding Debt:
Outstanding Debt	[1]	$ 54,904	80,588
Credit facility, Interest Rates	[1]	4.00%
Equipment Financing [Member]
Outstanding Debt:
Outstanding Debt	[2]	$ 124,761	126,162
Equipment Financing [Member] | Minimum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[2]	3.18%
Equipment Financing [Member] | Maximum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[2]	5.13%
Real Estate Financing [Member]
Outstanding Debt:
Outstanding Debt	[3]	$ 44,391	45,864
Credit facility, Interest Rates	[3]	4.75%
Margin Facility [Member]
Outstanding Debt:
Outstanding Debt	[4]		$ 541
Credit facility, Interest Rates	[4]	3.60%
[1]	The Credit and Security Agreement (the “Credit Agreement”) provides for maximum borrowings of $350 million in the form of a $150 million term loan and a $200 million revolver. Term loan proceeds were advanced on November 27, 2018 and mature on November 26, 2023. The term loan will be repaid in consecutive quarterly installments, as defined in the Credit Agreement, commencing March 31, 2019, with the remaining balance due at maturity. Borrowings under the revolving credit facility may be made until and mature on November 26, 2023. Borrowings under the Credit Agreement bear interest at LIBOR or a base rate, plus an applicable margin for each based the Company’s leverage ratio.  The Credit Agreement is secured by a first priority pledge of the capital stock of applicable subsidiaries, as well as first priority perfected security interest in cash, deposits, accounts receivable, and selected other assets of the applicable borrowers.  The Credit Agreement includes customary affirmative and negative covenants and events of default, as well as financial covenants requiring minimum fixed charge coverage and leverage ratios, and customary mandatory prepayments provisions. At March 30, 2019, we were in compliance with all covenants under the facility, and $145.1 million was available for borrowing on the revolver.
[2]	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 and are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 3.18% to 5.13%. At March 30, 2019, we were in compliance with all covenants.
[3]	The Real Estate Financing consists of a series of promissory notes issued by a wholly-owned subsidiary in order to finance certain real property. The promissory notes, which are secured by first mortgages and assignment of leases on specific parcels of real estate and improvements, include certain affirmative and negative covenants and are generally payable in 120 monthly installments. Each of the notes bears interest at LIBOR plus 2.25%. At March 30, 2019, we were in compliance with all covenants.
[4]	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. At March 30, 2019, the maximum available borrowings under the line of credit were $5.6 million.

Debt - Details of Debt (Parenth

Debt - Details of Debt (Parenthetical) (Detail)	3 Months Ended
	Mar. 30, 2019USD ($)Installment
Debt Instrument [Line Items]
Description of variable rate basis	LIBOR rate plus 2.25%
Credit and Security Agreement [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 350,000,000
Credit facility available for borrowings	145,100,000
Credit and Security Agreement [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Term loan, face amount	$ 150,000,000
Term loan, maturity date	Nov. 26, 2023
Term loan, payment commencement date	Mar. 31, 2019
Credit and Security Agreement [Member] | Revolver [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 200,000,000
Credit facility, expiration date	Nov. 26, 2023
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	3.18%	[1]
Equipment Financing [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit facility, Interest Rates	5.13%	[1]
Real Estate Financing [Member] | Secured Debt
Debt Instrument [Line Items]
Description of variable rate basis	LIBOR plus 2.25%
Debt instrument payable number of monthly installments | Installment	120
Real Estate Financing [Member] | Secured Debt | 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	$ 5,600,000
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 and are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 3.18% to 5.13%. At March 30, 2019, we were in compliance with all covenants.

Debt - Additional Information (

Debt - Additional Information (Detail)	3 Months Ended
	Mar. 30, 2019USD ($)Agreement
Line of Credit Facility [Line Items]
Number of swap agreements | Agreement	2
Notional amount	$ 15,700,000
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
Line of Credit Facility [Line Items]
Fair value asset of swap agreement	$ 200,000

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 10,208	$ 9,333
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	21
Marketable securities	10,208	9,333
Interest rate swaps	205	392
Total Assets	10,434	9,725
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	21
Marketable securities	10,208	9,333
Total Assets	10,229	9,333
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	205	392
Total Assets	$ 205	$ 392

Fair Value Measurements and D_4

Fair Value Measurements and Disclosures - Summary of Carrying Values and Estimated Fair Values of Promissory Notes (Detail) - Equipment Promissory Notes [Member]	Mar. 30, 2019USD ($)
Carrying Reported Amount Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 124,761
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 124,523

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost and Related Information (Detail) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Lease cost
Operating lease cost	$ 8,177
Short-term lease cost	1,393
Variable lease cost	333
Sublease income	(671)
Total lease cost	9,232
Other information
Cash paid for amounts included in the measurement of operating leases	7,700
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 2,107
Weighted-average remaining lease term	4 years 9 months 18 days
Weighted-average discount rate	5.00%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Operating Leases (Detail) $ in Thousands	Mar. 30, 2019USD ($)
Lease Disclosure [Line Items]
Year one	$ 28,504
Year two	20,906
Year three	12,234
Year four	8,537
Year five	8,017
Thereafter	17,074
Total required lease payments	95,272
Less amounts representing interest	(10,974)
Present value of lease liabilities	84,298
With Affiliates [Member]
Lease Disclosure [Line Items]
Year one	9,416
Year two	6,535
Year three	4,444
Year four	3,646
Year five	3,595
Thereafter	7,205
Total required lease payments	34,841
With Third Parties [Member]
Lease Disclosure [Line Items]
Year one	19,088
Year two	14,371
Year three	7,790
Year four	4,891
Year five	4,422
Thereafter	9,869
Total required lease payments	$ 60,431

Transactions with Affiliates -

Transactions with Affiliates - Schedule of Amounts Charged to UTSI (Detail) - Affiliates [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	$ 13,742	$ 16,917
Administrative support services [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	714	1,115
Truck fuel, tolls and maintenance [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	302	503
Real estate rent and related costs [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	3,244	4,007
Insurance and employee benefit plans [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	9,474	11,289
Purchased transportation and equipment rent [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	$ 8	$ 3

Transactions with Affiliates _2

Transactions with Affiliates - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)Facility	Dec. 31, 2018USD ($)
Related Party Transactions [Abstract]
Occupancy of facilities either on monthly or contractual basis | Facility	36
Insurance, claims and other receivables	$ 11,500	$ 10,500
Due to affiliates	12,637	17,764
Due from affiliates	$ 4,617	$ 5,247

Transactions with Affiliates _3

Transactions with Affiliates - Schedule of Services Provided to Affiliates (Detail) - Affiliates [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Related Party Transaction [Line Items]
Services provided to affiliates	$ 249	$ 142
Purchased Transportation And Equipment Rent [Member]
Related Party Transaction [Line Items]
Services provided to affiliates	$ 249	$ 142

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Feb. 20, 2019	Feb. 22, 2017	Feb. 24, 2016	Mar. 30, 2019	Mar. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total fair value of shares vested				$ 0.1	$ 0.2
Total unrecognized compensation cost				1.2
Share based compensation cost is expected to be recognized on a straight-line basis during remainder of 2020				0.3
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2021				0.3
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2022				0.3
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2023				$ 0.3
Chief Executive Officer [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock grants vested		25.00%	25.00%
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of restricted stock granted	44,500			44,500
Restricted stock grant date fair value per share	$ 23.56			$ 23.56
Restricted Stock [Member] | Chief Executive Officer [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of restricted stock granted	12,000	10,000	10,000
Restricted stock grant date fair value per share		$ 13.45	$ 15.55
Restricted Stock [Member] | Chief Financial Officer [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of restricted stock granted	10,000

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Status of Nonvested Shares (Detail) - Restricted Stock [Member] - $ / shares	Feb. 20, 2019	Mar. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Nonvested, Beginning Balance		7,500
Shares, Granted	44,500	44,500
Shares, Vested		(5,000)
Shares, Ending Balance		47,000
Weighted Average Grant Date Fair Value, Beginning Balance		$ 14.15
Weighted Average Grant Date Fair Value, Granted	$ 23.56	23.56
Weighted Average Grant Date Fair Value, Vested		14.50
Weighted Average Grant Date Fair Value, Ending Balance		$ 23.02

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Weighted average non-vested shares of restricted shares	882	6,750
Antidilutive securities excluded from computation of earnings per share, amount	44,500	0

Dividends - Additional Informat

Dividends - Additional Information (Detail) - $ / shares	Feb. 21, 2019	Mar. 30, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Dividends payable, date declared	Feb. 21, 2019
Quarterly cash dividend declared per common stock	$ 0.105	$ 0.105	$ 0.105
Additional special annual dividend approved per common stock	$ 0.110
Dividends payable, recorded date	Mar. 4, 2019
Dividends payable, date to be paid	Mar. 14, 2019

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Mar. 30, 2019Segment
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
	Mar. 30, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 377,406	$ 335,113
Income from operations	26,513	17,104
Total assets	919,725	662,468	$ 843,147
Operating Segments [Member] | Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	246,704	206,108
Income from operations	12,532	10,113
Total assets	523,626	335,673
Operating Segments [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Revenues	130,399	128,648
Income from operations	13,820	7,433
Total assets	357,912	306,113
Other [Member]
Segment Reporting Information [Line Items]
Revenues	303	357
Income from operations	161	(442)
Total assets	38,187	20,682
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(1,010)	(3,574)
Intersegment Eliminations [Member] | Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	(511)	(771)
Intersegment Eliminations [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Revenues	$ (499)	$ (2,803)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Oct. 30, 2017USD ($)	Oct. 16, 2017USD ($)	Jul. 21, 2017USD ($)	Sep. 30, 2018USD ($)	Mar. 30, 2019USD ($)Employee
Concentration Risk [Line Items]
Accrual insurance and claims					$ 1,800,000
Lawsuit filing date					June 11, 2015
Damages sought from debtor relating to unpaid freight charges					$ 1,900,000
Loss contingency damages value ignored	$ 1,900,000
United States, Canada and Colombia [Member] | Workforce Subject to Collective Bargaining Arrangements [Member] | Unionized Employees Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of revenues from major customers					27.00%
Number of employees subject to contracts that expire in 2019 | Employee					14
Mexico [Member] | Workforce Subject to Collective Bargaining Arrangements [Member] | Unionized Employees Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of revenues from major customers					90.00%
Damages from Debtor Relating to Unpaid Freight Charges [Member]
Concentration Risk [Line Items]
Damages awarded value			$ 1,900,000
Dalton Logistics, Inc [Member]
Concentration Risk [Line Items]
Loss contingency damages awarded value to defendant	$ 5,700,000		$ 5,700,000
Minimum [Member]
Concentration Risk [Line Items]
Estimated possible range of financial exposure					$ 0
Maximum [Member]
Concentration Risk [Line Items]
Estimated possible range of financial exposure					$ 5,700,000
Denton v. UACL, et al [Member]
Concentration Risk [Line Items]
Loss contingency damages awarded value to defendant		$ 54,200,000
Verdict compensatory damages		19,200,000
Verdict punitive damages		35,000,000
Insurance coverage available for reimbursement		1,000,000
Accrual insurance and claims		$ 18,200,000
Accrued interest on verdict, per year		9.00%
Company’s accrued liability advance				$ 7,000,000
Denton v. UACL, et al [Member] | Minimum [Member]
Concentration Risk [Line Items]
Estimated possible range of financial exposure		$ 18,200,000
Denton v. UACL, et al [Member] | Maximum [Member]
Concentration Risk [Line Items]
Estimated possible range of financial exposure		$ 53,200,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Apr. 25, 2019	Apr. 22, 2019	Feb. 21, 2019	Mar. 30, 2019	Mar. 31, 2018
Subsequent Event [Line Items]
Total cash purchase price				$ 427	$ 34,850
Dividends payable, date declared			Feb. 21, 2019
Quarterly cash dividend declared per common stock			$ 0.105	$ 0.105	$ 0.105
Dividends payable, recorded date			Mar. 4, 2019
Dividends payable, date to be paid			Mar. 14, 2019
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends payable, date declared	Apr. 25, 2019
Quarterly cash dividend declared per common stock	$ 0.105
Dividends payable, recorded date	May 6, 2019
Dividends payable, date to be paid	May 16, 2019
Subsequent Event [Member] | Michaels [Member]
Subsequent Event [Line Items]
Date of acquisition		Apr. 22, 2019
Total cash purchase price		$ 22,000