Universal Logistics (ULH) 10-Q 14 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 04, 2020	May 11, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 4, 2020
Document Fiscal Year Focus	2020
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity File Number	0-51142
Entity Tax Identification Number	38-3640097
Entity Address, Address Line One	12755 E. Nine Mile Road
Entity Address, City or Town	Warren
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48089
City Area Code	586
Local Phone Number	920-0100
Title of 12(b) Security	Common Stock, no par value
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	MI
Entity Common Stock, Shares Outstanding		26,918,830

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 04, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 7,995	$ 7,726
Marketable securities	6,320	9,369
Accounts receivable – net of allowance for doubtful accounts of $3,044 and $2,545, respectively	219,229	210,534
Other receivables	18,395	19,065
Prepaid expenses and other	21,216	19,676
Due from affiliates	2,838	1,705
Prepaid income taxes		3,768
Total current assets	275,993	271,843
Property and equipment – net of accumulated depreciation of $277,743 and $270,062, respectively	355,381	339,823
Operating lease right-of-use asset	90,805	87,209
Goodwill	170,039	168,451
Intangible assets – net of accumulated amortization of $82,442 and $78,366, respectively	112,035	116,111
Deferred income taxes	1,412	1,460
Other assets	2,790	3,100
Total assets	1,008,455	987,997
Current liabilities:
Accounts payable	88,801	91,909
Current portion of long-term debt	57,904	59,476
Current portion of operating lease liabilities	25,638	27,484
Accrued expenses and other current liabilities	25,634	34,825
Insurance and claims	22,874	23,039
Due to affiliates	21,483	14,842
Income taxes payable	1,260
Total current liabilities	243,594	251,575
Long-term liabilities:
Long-term debt, net of current portion	420,877	398,136
Operating lease liabilities, net of current portion	63,860	61,674
Deferred income taxes	65,892	65,692
Other long-term liabilities	5,569	5,703
Total long-term liabilities	556,198	531,205
Shareholders' equity:
Common stock, no par value. Authorized 100,000,000 shares; 30,979,827 and 30,970,452 shares issued; 26,925,201 and 27,282,230 shares outstanding, respectively	30,981	30,972
Paid-in capital	4,484	4,298
Treasury stock, at cost; 4,054,626 and 3,688,222 shares, respectively	(82,166)	(77,247)
Retained earnings	260,502	251,204
Accumulated other comprehensive income (loss):
Interest rate swaps, net of income taxes of $(167) and $(32), respectively	(553)	(105)
Foreign currency translation adjustments	(4,585)	(3,905)
Total shareholders’ equity	208,663	205,217
Total liabilities and shareholders’ equity	$ 1,008,455	$ 987,997

Unaudited Consolidated Balanc_2

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 04, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 3,044	$ 2,545
Property and equipment, accumulated depreciation	277,743	270,062
Intangible assets, accumulated amortization	$ 82,442	$ 78,366
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	30,979,827	30,970,452
Common stock, shares outstanding	26,925,201	27,282,230
Treasury stock, shares	4,054,626	3,688,222
Interest rate swaps, income taxes	$ (167)	$ (32)

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 04, 2020	Mar. 30, 2019
Operating revenues:
Total operating revenues	$ 382,162	$ 377,406
Operating expenses:
Purchased transportation and equipment rent	180,856	177,325
Direct personnel and related benefits	97,388	93,167
Operating supplies and expenses	30,695	30,770
Commission expense	7,170	7,836
Occupancy expense	8,831	9,284
General and administrative	8,924	9,241
Insurance and claims	4,872	6,352
Depreciation and amortization	19,518	16,918
Total operating expenses	358,254	350,893
Income from operations	23,908	26,513
Interest income	8	22
Interest expense	(4,217)	(4,391)
Other non-operating income (expense)	(3,605)	953
Income before income taxes	16,094	23,097
Income tax expense	3,931	5,800
Net income	$ 12,163	$ 17,297
Earnings per common share:
Basic	$ 0.45	$ 0.61
Diluted	$ 0.45	$ 0.61
Weighted average number of common shares outstanding:
Basic	27,223	28,380
Diluted	27,223	28,381
Dividends declared per common share	$ 0.105	$ 0.105
Truckload services [Member]
Operating revenues:
Total operating revenues	$ 58,898	$ 65,671
Brokerage services [Member]
Operating revenues:
Total operating revenues	85,900	85,867
Intermodal services [Member]
Operating revenues:
Total operating revenues	110,322	91,168
Dedicated services [Member]
Operating revenues:
Total operating revenues	31,579	37,021
Value-added services [Member]
Operating revenues:
Total operating revenues	$ 95,463	$ 97,679

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 04, 2020	Mar. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 12,163	$ 17,297
Other comprehensive income (loss):
Unrealized changes in fair value of interest rate swaps,net of income taxes of $(135) and $(44), respectively	(448)	(143)
Foreign currency translation adjustments	(680)	229
Total other comprehensive income (loss)	(1,128)	86
Total comprehensive income	$ 11,035	$ 17,383

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	$ (135)	$ (44)

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 04, 2020	Mar. 30, 2019
Cash flows from operating activities:
Net income	$ 12,163	$ 17,297
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,518	16,918
Noncash lease expense	7,555	7,103
Loss (gain) on marketable equity securities	3,409	(875)
Gain on disposal of property and equipment	(506)	(24)
Amortization of debt issuance costs	146	147
Stock-based compensation	195	73
Provision for doubtful accounts	1,048	507
Deferred income taxes	(1,202)	(3,240)
Change in assets and liabilities:
Trade and other accounts receivable	(11,947)	(1,752)
Prepaid income taxes, prepaid expenses and other assets	2,404	1,810
Principal reduction in operating lease liabilities	(7,258)	(6,692)
Accounts payable, accrued expenses and other current liabilities, insurance and claims, and income taxes payable	(5,147)	21,926
Due to/from affiliates, net	5,507	(4,497)
Other long-term liabilities	(719)	(935)
Net cash provided by operating activities	25,166	47,766
Cash flows from investing activities:
Capital expenditures	(32,775)	(10,790)
Proceeds from the sale of property and equipment	2,282	913
Purchases of marketable securities	(360)
Acquisition of business		(427)
Net cash used in investing activities	(30,853)	(10,304)
Cash flows from financing activities:
Proceeds from borrowing - revolving debt	91,200	15,565
Repayments of debt - revolving debt	(84,084)	(41,249)
Proceeds from borrowing - term debt	29,760	7,979
Repayments of debt - term debt	(15,853)	(12,728)
Borrowings under margin account	256
Repayments under margin account	(256)	(541)
Dividends paid	(5,731)	(6,101)
Purchases of treasury stock	(4,919)
Net cash provided by (used in) financing activities	10,373	(37,075)
Effect of exchange rate changes on cash and cash equivalents	(4,417)	222
Net increase in cash	269	609
Cash and cash equivalents – beginning of period	7,726	5,727
Cash and cash equivalents – end of period	7,995	6,336
Supplemental cash flow information:
Cash paid for interest	4,157	4,091
Cash paid for income taxes	$ 55	769
Acquisition of business:
Payment of acquisition obligations		427
Net cash paid for acquisition of business		$ 427

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, 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)
Balances at Dec. 31, 2019	205,217	30,972	4,298	(77,247)	251,204	(4,010)
Net income	12,163				12,163
Comprehensive income	(1,128)					(1,128)
Dividends paid	(2,865)				(2,865)
Stock based compensation	195	9	186
Purchases of treasury stock	(4,919)			(4,919)
Balances at Apr. 04, 2020	$ 208,663	$ 30,981	$ 4,484	$ (82,166)	$ 260,502	$ (5,138)

Unaudited Consolidated Statem_6

Unaudited Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Apr. 04, 2020	Mar. 30, 2019
Statement Of Stockholders Equity [Abstract]
Dividends paid per share	$ 0.105	$ 0.215

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 04, 2020
Accounting Policies [Abstract]
Basis of Presentation	UNIVERSAL LOGISTICS HOLDINGS, INC. Notes to Unaudited Consolidated Financial Statements (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, 2019 and 2018 and for each of the years in the three-year period ended December 31, 2019 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.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 04, 2020
Accounting Policies [Abstract]
Recent Accounting Pronouncements	(2) Recent Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04 (“ASU 2020-04”), Reference Rate Reform (Topic 848): “Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The ASU was issued to provide optional guidance for a limited period of time to ease the potential burden in accounting for reference rate reform on financial reporting. ASU 2020-04 is effective as of March 12, 2020 through December 31, 2022. The Company has evaluated the provisions of this standard and determined that it is applicable to our primary term loan and revolving credit facility, real estate promissory notes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): “Simplifying the Accounting for Income Taxes.” The ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The ASU also clarifies and amends existing guidance to improve consistent application among reporting entities. This ASU is effective for fiscal years beginning after December 15, 2020, including interim periods within that reporting period; however, early adoption is permitted. We are currently evaluating the impact of this standard on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13 (“ASU 2016-13”), Accounting for Credit Losses (Topic 326). ASU 2016-13 requires the use of an “expected loss” model on certain types of financial instruments. The standard also amends the impairment model for available-for-sale debt securities and requires estimated credit losses to be recorded as allowances instead of reductions to amortized cost of the securities. The new standard will become effective for us beginning with the first quarter 2023, and is not expected to have a material impact on our consolidated financial statements.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Apr. 04, 2020
Revenue Recognition [Abstract]
Revenue Recognition	(3) Revenue Recognition The Company broadly groups its services into the following categories: truckload, brokerage, intermodal, dedicated and value-added. 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 include 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): April 4, 2020 December 31, 2019 Prepaid expenses and other - contract assets $ 1,802 $ 1,156 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
	Apr. 04, 2020
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): April 4, 2020 December 31, 2019 Fair value $ 6,320 $ 9,369 Cost 9,729 8,136 Unrealized gain (loss) $ (3,409 ) $ 1,233 The following table sets forth the gross unrealized gains and losses on the Company’s marketable securities (in thousands): April 4, 2020 December 31, 2019 Gross unrealized gains $ — $ 1,337 Gross unrealized losses (3,409 ) (104 ) Net unrealized gains (losses) $ (3,409 ) $ 1,233 The Company did not sell marketable equity securities during either of the thirteen-week periods ended April 4, 2020 or March 30, 2019. During the thirteen-week periods ended April 4, 2020 and March 30, 2019, our marketable equity securities portfolio experienced a net unrealized pre-tax gain (loss) in market value of approximately $(3,400,000) and $875,000, respectively, which was reported in other non-operating income (expense) for the period.

Goodwill

Goodwill	3 Months Ended
	Apr. 04, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	( 5 ) Goodwill The changes in the carrying amount of goodwill during the thirteen weeks ended April 4, 2020 are as follows: Balance as of January 1, 2020 $ 168,451 Purchase accounting adjustments 1,588 Balance as of April 4, 2020 $ 170,039 During the thirteen weeks ended April 4, 2020, the Company made purchase accounting adjustments to the preliminary purchase price allocation of the Company’s April 22, 2019 acquisition of Michael’s Cartage. The adjustments resulted in an increase in goodwill of $1.6 million, with an offsetting increase in current liabilities of $0.1 million and a decrease in other assets of $1.5 million. At April 4, 2020 and December 31, 2019, $113.7 million and $112.2 million of goodwill was recorded in our transportation segment, respectively. At both April 4, 2020 and December 31, 2019, $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
	Apr. 04, 2020
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): April 4, 2020 December 31, 2019 Payroll related items $ 11,352 $ 14,390 Driver escrow liabilities 5,368 5,249 Commissions, taxes and other 8,914 8,238 Legal settlements - 6,948 Total $ 25,634 $ 34,825

Debt

Debt	3 Months Ended
	Apr. 04, 2020
Debt Disclosure [Abstract]
Debt	( 7 ) Debt Debt is comprised of the following (in thousands): Interest Rates at April 4, 2020 April 4, 2020 December 31, 2019 Outstanding Debt: Credit and Security Agreement (1) Term Loan 2.74% $ 139,688 $ 142,500 Revolver 2.74% 158,341 151,225 Equipment Financing (2) 2.78% to 5.13% 128,267 128,512 Real Estate Financing (3) 2.84% to 3.24% 54,456 37,492 Margin Facility (4) 2.09% — — Unamortized debt issuance costs (1,971 ) (2,117 ) 478,781 457,612 Less current portion of long-term debt 57,904 59,476 Total long-term debt, net of current portion $ 420,877 $ 398,136 (1) Our 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 April 4, 2020, we were in compliance with all covenants under the facility, and $41.7 million was available for borrowing on the revolver (2) Our Equipment Financing consists of a series of promissory notes issued by a wholly owned subsidiary. The equipment notes, which are secured by liens on specific titled vehicles, include certain affirmative and negative covenants, are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 2.78% to 5.13%. (3) Our Real Estate Financing consists of a series of promissory notes issued by a wholly owned subsidiary. 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 a variable rate ranging from LIBOR plus 1.85% to LIBOR plus 2.25%. At April 4, 2020, we were in compliance with all covenants. (7) Debt – continued (4) Our 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 April 4, 2020, the maximum available borrowings under the line of credit were $3.9 million. The Company is also party to two interest rate swap agreements that qualify for hedge accounting. The Company executed the swap agreements to fix a portion of the interest rates on its variable rate debt that have a combined notional amount of $14.9 million at April 4, 2020. Under the swap agreements, the Company receives interest at the one-month LIBOR rate plus 2.25% and pays a fixed rate. The first swap became effective in October 2016, has a rate of 4.16% (amortizing notional amount of $10.0 million) and expires in July 2026. The second swap became effective in October 2016, has a rate of 3.83% (amortizing notional amount of $4.9 million) and expires in May 2022. At April 4, 2020, the fair value of the swap agreements was a liability of $0.7 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
	Apr. 04, 2020
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. 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 4, 2020 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 30 $ — $ — $ 30 Marketable securities 6,320 — — 6,320 Total assets $ 6,350 $ — $ — $ 6,350 Liabilities Interest rate swaps $ — $ 720 $ — $ 720 Total liabilities $ — $ 720 $ — $ 720 (8) Fair Value Measurements and Disclosures – continued December 31, 2019 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 18 $ — $ — $ 18 Marketable securities 9,369 — — 9,369 Total assets $ 9,387 $ — $ — $ 9,387 Liabilities Interest rate swaps $ — $ 137 $ — $ 137 Total liabilities $ — $ 137 $ — $ 137 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 Credit Agreement and our Real Estate Financing consist of variable rate borrowings. We categorize these borrowings 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 Financing, 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 these borrowings as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of these promissory notes at April 4, 2020 is summarized as follows: Carrying Value Estimated Fair Value Equipment promissory notes $ 128,267 $ 131,499 We have not elected the fair value option for any of our financial instruments.

Leases

Leases	3 Months Ended
	Apr. 04, 2020
Leases [Abstract]
Leases	(9) Leases On January 1, 2019, we adopted ASU 2016-02, Leases As of April 4, 2020, our obligations under operating lease arrangements primarily related to the rental of office space, warehouses, freight distribution centers, terminal yards and equipment ( 9 ) Leases – continued 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 basis over the lease term. The following table summarizes our lease costs for the thirteen week period ended April 4, 2020 and related information (in thousands): With Affiliates With Third Parties Total Lease cost Operating lease cost $ 2,836 $ 5,960 $ 8,796 Short-term lease cost 241 1,198 1,439 Variable lease cost 226 793 1,019 Sublease income - (879 ) (879 ) Total lease cost $ 3,303 $ 7,072 $ 10,375 With Affiliates With Third Parties Total Other information Cash paid for amounts included in the measurement of operating leases $ 2,814 $ 5,622 $ 8,436 Right-of-use asset change due to lease termination $ (1,109 ) $ (1,109 ) Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,739 $ 11,092 $ 12,831 Weighted-average remaining lease term (in years) 6.4 4.7 5.2 Weighted-average discount rate 7.6 % 4.5 % 5.7 % Future minimum lease payments under these operating leases as of April 4, 2020, are as follows (in thousands): With Affiliates With Third Parties Total Year one $ 8,385 $ 21,287 $ 29,672 Year two 6,411 13,113 19,524 Year three 4,126 9,270 13,396 Year four 3,418 6,934 10,352 Year five 3,135 5,697 8,832 Thereafter 12,798 11,070 23,868 Total required lease payments $ 38,273 $ 67,371 $ 105,644 Less amounts representing interest (16,146 ) Present value of lease liabilities $ 89,498

Transactions with Affiliates

Transactions with Affiliates	3 Months Ended
	Apr. 04, 2020
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 affiliates controlled by CenTra. Following is a schedule of costs incurred and included in operating expenses for services provided by affiliates for the thirteen weeks ended April 4, 2020 and March 30, 2019 (in thousands): Thirteen weeks ended April 4, 2020 March 30, 2019 Administrative support services $ 188 $ 714 Truck fuel, tolls and maintenance 306 302 Real estate rent and related costs 3,307 3,244 Insurance and employee benefit plans 13,153 9,474 Purchased transportation and equipment rent 5 8 Total $ 16,959 $ 13,742 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. We lease 27 facilities from related parties. Our occupancy is based on either month-to-month or contractual, multi-year lease arrangements that are billed and paid monthly. Leasing properties from a related party affords us significant operating flexibility; however, we are not limited to such arrangements. See Note 9, “Leases” for further information regarding the cost of leased properties. 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 4, 2020 and December 31, 2019, amounts due to affiliates were $21.5 million and $14.8 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 both April 4, 2020 and December 31, 2019, there was $9.9 million included in each of these accounts for insured claims. 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 4, 2020 and March 30, 2019 (in thousands): Thirteen weeks ended April 4, 2020 March 30, 2019 Purchased transportation and equipment rent $ 135 $ 249 Total $ 135 $ 249 At April 4, 2020 and December 31, 2019, amounts due from affiliates were $2.8 million and $1.7 million, respectively.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Apr. 04, 2020
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 our 2014 Amended and Restated Stock Incentive Plan. The Plan was approved at the 2014 annual meeting of shareholders and became effective as of the date our Board adopted it. The 2014 Plan replaced our 2004 Stock Incentive Plan and carried forward the shares of common stock that remained available for issuance under the 2004 Plan. The grants under the Plan may be made in the form of options, restricted stock awards, restricted stock purchase rights, stock appreciation rights, phantom stock units, restricted stock units or shares of unrestricted common stock. On February 5, 2020, the Company granted 5,000 shares of restricted stock to our Chief Financial Officer. The restricted stock award has a fair value of $17.74 per share, based on the closing price of the Company’s stock on the grant date. The shares will vest on February 20, 2024, subject to his continued employment with the Company. On January 10, 2020, the Company granted 60,000 shares of restricted stock to our Chief Executive Officer. The restricted stock award has a fair value of $18.82 per share, based on the closing price of the Company’s stock on the grant date. The shares will vest in installments of 20,000 shares on January 10, 2024 and January 10, 2026, and installments of 10,000 shares on January 10, 2027 and January 10, 2028, subject to his 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 then Chief Executive Officer and 10,000 shares to our Chief Financial Officer. The restricted stock awards have a grant date fair value of $23.56 per share, based on the closing price of the Company’s stock, and any non-vested shares under the awards will vest in four equal increments on each February 20 in 2021, 2022 and 2023. The non-vested shares granted to our former Chief Executive Officer on February 20, 2019 were forfeited upon his separation from service with the Company on January 10, 2020. 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, 2020 42,000 $ 22.96 Granted 65,000 $ 18.74 Vested (9,375 ) $ 20.86 Forfeited (17,000 ) $ 23.56 Balance at April 4, 2020 80,625 $ 19.90 During the thirteen-week periods ended April 4, 2020 and March 30, 2019, the total grant date fair value of vested shares recognized as compensation costs was $0.2 million and $0.1 million, respectively. As of April 4, 2020, there was approximately $1.7 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 $0.2 million in each year of 2021, 2022, and 2023, and $0.4 million in 2024, $0.3 million in 2026, and $0.2 million in each 2027 and 2028.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 04, 2020
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 April 4, 2020 and March 30, 2019, we included 0 and 882 weighted average non-vested shares of restricted stock, respectively, in the denominator for the calculation of diluted earnings per share. For the thirteen weeks ended April 4, 2020 and March 30, 2019, we excluded 85,625 and 44,500 shares of non-vested restricted stock, respectively, from the calculation of diluted earnings per share because such shares were anti-dilutive.

Dividends

Dividends	3 Months Ended
	Apr. 04, 2020
Earnings Per Share [Abstract]
Dividends	(13) Dividends On February 6, 2020, our Board of Directors declared a cash dividend of $0.105 per share of common stock, payable on April 6, 2020 to shareholders of record at the close of business on March 2, 2020. 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. 04, 2020
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 April 4, 2020 and March 30, 2019 (in thousands): Thirteen weeks ended April 4, 2020 Transportation Logistics Other Total Operating revenues $ 254,673 $ 127,042 $ 447 $ 382,162 Eliminated inter-segment revenues (633 ) (235 ) - (868 ) Income from operations 12,103 11,690 115 23,908 Total assets 638,009 355,531 14,915 1,008,455 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

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 04, 2020
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. The Company was plaintiff in a lawsuit 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 , but ignored the $1.9 million jury award in favor of Universal. The Company filed an appeal with the United States Court of Appeals for the Fifth Circuit to overturn the verdict and the judgment 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 April 4, 2020, approximately 29% of our employees in the United States, Canada and Colombia, and approximately 86% of our employees in Mexico were subject to collective bargaining agreements that are renegotiated periodically, 37% of which are subject to contracts that expire in 2020.

COVID-19 Pandemic

COVID-19 Pandemic	3 Months Ended
	Apr. 04, 2020
C O V I D19 Pandemic [Abstract]
COVID-19 Pandemic	(16) COVID-19 Pandemic In March of 2020, the World Health Organization declared the coronavirus outbreak (COVID-19) a pandemic. The rapid spread of COVID-19 resulted in governmental authorities implementing numerous measures to try to contain the virus, such as travel bans and restrictions, quarantines, stay-at-home orders, increased border security and shutdowns. These measures and the public health concerns resulting from the outbreak have severely disrupted economic and commercial activity. The resulting impact on domestic and global supply chains has caused slowdowns and reduced demand for transportation and manufacturing support services for logistics companies such as ours. Because we have a significant concentration of customers within the automotive industry, our revenues have been significantly affected by the closure of North American automotive and heavy-truck production facilities beginning in late March. Although we expect most automotive and heavy-truck operations we support to resume in the coming weeks, the extent to which production will return remains uncertain. Any further delays in resumption of production and other consumer activity affecting our customers and any future wave of the virus or other similar outbreaks could further adversely affect our business. A significant portion of our revenue is also provided by a network of agents and owner-operators located throughout the United States and in Ontario, Canada. As the COVID-19 virus continues to spread in areas we service, a significant impact to our network due to illness or government restrictions could have a material adverse effect on our ability to service our customers and on our business and results of operations. In addition, the implementation of measures to protect the health and safety of our employees, customers, vendors and the general public may disrupt our ability to efficiently manage personnel and operations and to recruit and retain driver and non-driver personnel, which could have a material adverse effect on our operating results. Further, negative financial results, an economic downturn or uncertainty, or a tightening of credit markets caused by COVID-19 or other similar outbreaks could have a material adverse effect on our liquidity, our ability to effectively meet our short- and long-term financial obligations, and our accounting estimates. As of April 4, 2020, we observed negative macroeconomic indicators resulting from the COVID-19 pandemic, which could have a direct impact on our business. We determined this constituted a triggering event that required an assessment of our goodwill, indefinite lived intangible assets, and other long-lived assets subject to amortization to determine if an impairment loss may have occurred. We qualitatively assessed whether it was more likely than not that these assets were impaired as of April 4, 2020. Where considered necessary, we reviewed our previous forecasts and assumptions based on our current projections, which are subject to various risks and uncertainties, including projected revenue, projected operating income, terminal growth rates, and the cost of capital. Based on our interim impairment assessment as of April 4, 2020, we have determined that our goodwill, indefinite life intangible assets, and our long-lived assets subject to amortization are not impaired. The Company's assumptions about future conditions important to its assessment of potential impairment, including the impacts of the COVID-19 pandemic, are subject to uncertainty, and the Company will continue to monitor these conditions in future periods as new information becomes available, and will update its analyses accordingly. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law. The CARES Act is aimed at providing emergency assistance and health care for individuals, families, and businesses affected by the COVID-19 pandemic and generally supporting the U.S. economy. The CARES Act, among other things, includes provisions related to refundable payroll tax credits, deferment of the employer portion of social security payments, net operating loss carryback periods, modifications to the net interest deduction limitations, and technical corrections to tax depreciation methods for qualified improvement property. We are analyzing the various aspects of the CARES Act to determine the impact specific provisions may have on us. The Company plans on taking advantage of the cash deferral programs available for payment of employer social security taxes and federal and state income taxes.

Subsequent Events

Subsequent Events	3 Months Ended
	Apr. 04, 2020
Subsequent Events [Abstract]
Subsequent Events	(17) Subsequent Events Given the current operating environment and uncertainty caused by the COVID-19 pandemic, on April 30, 2020, the Board of Directors temporarily suspended our regular quarterly dividend. Future dividend policy and the payment of dividends, if any, will be determined by the Board of Directors in light of circumstances then existing, including our earnings, financial condition and other factors deemed relevant by the Board of Directors.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Apr. 04, 2020
Accounting Policies [Abstract]
Recent Accounting Pronouncements	In March 2020, the FASB issued ASU No. 2020-04 (“ASU 2020-04”), Reference Rate Reform (Topic 848): “Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The ASU was issued to provide optional guidance for a limited period of time to ease the potential burden in accounting for reference rate reform on financial reporting. ASU 2020-04 is effective as of March 12, 2020 through December 31, 2022. The Company has evaluated the provisions of this standard and determined that it is applicable to our primary term loan and revolving credit facility, real estate promissory notes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): “Simplifying the Accounting for Income Taxes.” The ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The ASU also clarifies and amends existing guidance to improve consistent application among reporting entities. This ASU is effective for fiscal years beginning after December 15, 2020, including interim periods within that reporting period; however, early adoption is permitted. We are currently evaluating the impact of this standard on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13 (“ASU 2016-13”), Accounting for Credit Losses (Topic 326). ASU 2016-13 requires the use of an “expected loss” model on certain types of financial instruments. The standard also amends the impairment model for available-for-sale debt securities and requires estimated credit losses to be recorded as allowances instead of reductions to amortized cost of the securities. The new standard will become effective for us beginning with the first quarter 2023, and is not expected to have a material impact on our consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Apr. 04, 2020
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): April 4, 2020 December 31, 2019 Prepaid expenses and other - contract assets $ 1,802 $ 1,156

Marketable Securities (Tables)

Marketable Securities (Tables)	3 Months Ended
	Apr. 04, 2020
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): April 4, 2020 December 31, 2019 Fair value $ 6,320 $ 9,369 Cost 9,729 8,136 Unrealized gain (loss) $ (3,409 ) $ 1,233
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): April 4, 2020 December 31, 2019 Gross unrealized gains $ — $ 1,337 Gross unrealized losses (3,409 ) (104 ) Net unrealized gains (losses) $ (3,409 ) $ 1,233

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Apr. 04, 2020
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 April 4, 2020 are as follows: Balance as of January 1, 2020 $ 168,451 Purchase accounting adjustments 1,588 Balance as of April 4, 2020 $ 170,039

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Apr. 04, 2020
Payables And Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses and other current liabilities are comprised of the following (in thousands): April 4, 2020 December 31, 2019 Payroll related items $ 11,352 $ 14,390 Driver escrow liabilities 5,368 5,249 Commissions, taxes and other 8,914 8,238 Legal settlements - 6,948 Total $ 25,634 $ 34,825

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 04, 2020
Debt Disclosure [Abstract]
Details of Debt	Debt is comprised of the following (in thousands): Interest Rates at April 4, 2020 April 4, 2020 December 31, 2019 Outstanding Debt: Credit and Security Agreement (1) Term Loan 2.74% $ 139,688 $ 142,500 Revolver 2.74% 158,341 151,225 Equipment Financing (2) 2.78% to 5.13% 128,267 128,512 Real Estate Financing (3) 2.84% to 3.24% 54,456 37,492 Margin Facility (4) 2.09% — — Unamortized debt issuance costs (1,971 ) (2,117 ) 478,781 457,612 Less current portion of long-term debt 57,904 59,476 Total long-term debt, net of current portion $ 420,877 $ 398,136 (1) Our 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 April 4, 2020, we were in compliance with all covenants under the facility, and $41.7 million was available for borrowing on the revolver (2) Our Equipment Financing consists of a series of promissory notes issued by a wholly owned subsidiary. The equipment notes, which are secured by liens on specific titled vehicles, include certain affirmative and negative covenants, are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 2.78% to 5.13%. (3) Our Real Estate Financing consists of a series of promissory notes issued by a wholly owned subsidiary. 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 a variable rate ranging from LIBOR plus 1.85% to LIBOR plus 2.25%. At April 4, 2020, we were in compliance with all covenants. (7) Debt – continued (4) Our 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 April 4, 2020, the maximum available borrowings under the line of credit were $3.9 million.

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Apr. 04, 2020
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 4, 2020 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 30 $ — $ — $ 30 Marketable securities 6,320 — — 6,320 Total assets $ 6,350 $ — $ — $ 6,350 Liabilities Interest rate swaps $ — $ 720 $ — $ 720 Total liabilities $ — $ 720 $ — $ 720 December 31, 2019 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 18 $ — $ — $ 18 Marketable securities 9,369 — — 9,369 Total assets $ 9,387 $ — $ — $ 9,387 Liabilities Interest rate swaps $ — $ 137 $ — $ 137 Total liabilities $ — $ 137 $ — $ 137
Summary of Carrying Values and Estimated Fair Values of Promissory Notes	The carrying value and estimated fair value of these promissory notes at April 4, 2020 is summarized as follows: Carrying Value Estimated Fair Value Equipment promissory notes $ 128,267 $ 131,499

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 04, 2020
Leases [Abstract]
Summary Lease Costs and Related Information	The following table summarizes our lease costs for the thirteen week period ended April 4, 2020 and related information (in thousands): With Affiliates With Third Parties Total Lease cost Operating lease cost $ 2,836 $ 5,960 $ 8,796 Short-term lease cost 241 1,198 1,439 Variable lease cost 226 793 1,019 Sublease income - (879 ) (879 ) Total lease cost $ 3,303 $ 7,072 $ 10,375 With Affiliates With Third Parties Total Other information Cash paid for amounts included in the measurement of operating leases $ 2,814 $ 5,622 $ 8,436 Right-of-use asset change due to lease termination $ (1,109 ) $ (1,109 ) Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,739 $ 11,092 $ 12,831 Weighted-average remaining lease term (in years) 6.4 4.7 5.2 Weighted-average discount rate 7.6 % 4.5 % 5.7 %
Schedule of Future Minimum Lease Payments Under Operating Leases	Future minimum lease payments under these operating leases as of April 4, 2020, are as follows (in thousands): With Affiliates With Third Parties Total Year one $ 8,385 $ 21,287 $ 29,672 Year two 6,411 13,113 19,524 Year three 4,126 9,270 13,396 Year four 3,418 6,934 10,352 Year five 3,135 5,697 8,832 Thereafter 12,798 11,070 23,868 Total required lease payments $ 38,273 $ 67,371 $ 105,644 Less amounts representing interest (16,146 ) Present value of lease liabilities $ 89,498

Transactions with Affiliates (T

Transactions with Affiliates (Tables)	3 Months Ended
	Apr. 04, 2020
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 April 4, 2020 and March 30, 2019 (in thousands): Thirteen weeks ended April 4, 2020 March 30, 2019 Administrative support services $ 188 $ 714 Truck fuel, tolls and maintenance 306 302 Real estate rent and related costs 3,307 3,244 Insurance and employee benefit plans 13,153 9,474 Purchased transportation and equipment rent 5 8 Total $ 16,959 $ 13,742
Schedule of Services Provided to Affiliates	Following is a schedule of services provided to affiliates for the thirteen weeks ended April 4, 2020 and March 30, 2019 (in thousands): Thirteen weeks ended April 4, 2020 March 30, 2019 Purchased transportation and equipment rent $ 135 $ 249 Total $ 135 $ 249

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Apr. 04, 2020
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, 2020 42,000 $ 22.96 Granted 65,000 $ 18.74 Vested (9,375 ) $ 20.86 Forfeited (17,000 ) $ 23.56 Balance at April 4, 2020 80,625 $ 19.90

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 04, 2020
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 4, 2020 and March 30, 2019 (in thousands): Thirteen weeks ended April 4, 2020 Transportation Logistics Other Total Operating revenues $ 254,673 $ 127,042 $ 447 $ 382,162 Eliminated inter-segment revenues (633 ) (235 ) - (868 ) Income from operations 12,103 11,690 115 23,908 Total assets 638,009 355,531 14,915 1,008,455 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

Revenue Recognition - Aditional

Revenue Recognition - Aditional Information (Detail)	3 Months Ended
	Apr. 04, 2020
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	Apr. 04, 2020	Dec. 31, 2019
Other Current Assets [Member]
Disaggregation Of Revenue [Line Items]
Prepaid expenses and other - contract assets	$ 1,802	$ 1,156

Marketable Securities - Schedul

Marketable Securities - Schedule of Market Value, Cost and Unrealized Gains on Equity Securities (Detail) - USD ($) $ in Thousands	Apr. 04, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Marketable securities	$ 6,320	$ 9,369
Cost	9,729	8,136
Unrealized gain (loss)	$ (3,409)	$ 1,233

Marketable Securities - Sched_2

Marketable Securities - Schedule of Gross Unrealized Gains and Losses on Marketable Securities (Detail) - USD ($) $ in Thousands	Apr. 04, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Gross unrealized gains		$ 1,337
Gross unrealized losses	$ (3,409)	(104)
Net unrealized gains (losses)	$ (3,409)	$ 1,233

Marketable Securities - Additio

Marketable Securities - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 04, 2020	Mar. 30, 2019
Schedule Of Available For Sale Securities [Line Items]
Marketable equity securities	$ 0	$ 0
Other Nonoperating Income (Expense)
Schedule Of Available For Sale Securities [Line Items]
Net unrealized pre-tax gain (loss) in market value	$ (3,400,000)	$ 875,000

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	3 Months Ended
	Apr. 04, 2020USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning Balance	$ 168,451
Purchase accounting adjustments	1,588
Ending Balance	$ 170,039

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 04, 2020	Dec. 31, 2019
Goodwill [Line Items]
Increase in goodwill	$ 1,588
Goodwill	170,039	$ 168,451
Transportation [Member]
Goodwill [Line Items]
Goodwill	113,700	112,200
Logistics [Member]
Goodwill [Line Items]
Goodwill	56,300	$ 56,300
Michaels [Member]
Goodwill [Line Items]
Increase in goodwill	1,600
Increase in current liabilities	100
Decrease in other assets	$ 1,500

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Apr. 04, 2020	Dec. 31, 2019
Payables And Accruals [Abstract]
Payroll related items	$ 11,352	$ 14,390
Driver escrow liabilities	5,368	5,249
Commissions, taxes and other	8,914	8,238
Legal settlements		6,948
Total	$ 25,634	$ 34,825

Debt - Details of Debt (Detail)

Debt - Details of Debt (Detail) - USD ($) $ in Thousands		Apr. 04, 2020	Dec. 31, 2019
Outstanding Debt:
Unamortized debt issuance costs		$ (1,971)	$ (2,117)
Outstanding Debt		478,781	457,612
Less current portion of long-term debt		57,904	59,476
Total long-term debt, net of current portion		420,877	398,136
Credit and Security Agreement [Member] | Term Loan [Member]
Outstanding Debt:
Outstanding Debt	[1]	$ 139,688	142,500
Credit facility, Interest Rates	[1]	2.74%
Credit and Security Agreement [Member] | Revolver [Member]
Outstanding Debt:
Outstanding Debt	[1]	$ 158,341	151,225
Credit facility, Interest Rates	[1]	2.74%
Equipment Financing [Member]
Outstanding Debt:
Outstanding Debt	[2]	$ 128,267	128,512
Equipment Financing [Member] | Minimum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[2]	2.78%
Equipment Financing [Member] | Maximum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[2]	5.13%
Real Estate Financing [Member]
Outstanding Debt:
Outstanding Debt	[3]	$ 54,456	$ 37,492
Real Estate Financing [Member] | Minimum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[3]	2.84%
Real Estate Financing [Member] | Maximum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[3]	3.24%
Margin Facility [Member]
Outstanding Debt:
Credit facility, Interest Rates	[4]	2.09%
[1]	Our 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 April 4, 2020, we were in compliance with all covenants under the facility, and $41.7 million was available for borrowing on the revolver.
[2]	Our Equipment Financing consists of a series of promissory notes issued by a wholly owned subsidiary. The equipment notes, which are secured by liens on specific titled vehicles, include certain affirmative and negative covenants, are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 2.78% to 5.13%.
[3]	Our Real Estate Financing consists of a series of promissory notes issued by a wholly owned subsidiary. 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 a variable rate ranging from LIBOR plus 1.85% to LIBOR plus 2.25%. At April 4, 2020, we were in compliance with all covenants
[4]	Our 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 April 4, 2020, the maximum available borrowings under the line of credit were $3.9 million.

Debt - Details of Debt (Parenth

Debt - Details of Debt (Parenthetical) (Detail)	3 Months Ended
	Apr. 04, 2020USD ($)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	41,700,000
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	2.78%	[1]
Equipment Financing [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit facility, Interest Rates	5.13%	[1]
Real Estate Financing [Member] | Minimum [Member] | Secured Debt
Debt Instrument [Line Items]
Description of variable rate basis	LIBOR plus 1.85%
Real Estate Financing [Member] | Minimum [Member] | Secured Debt | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate above variable base rate	1.85%
Real Estate Financing [Member] | Maximum [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] | Maximum [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	$ 3,900,000
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]	Our Equipment Financing consists of a series of promissory notes issued by a wholly owned subsidiary. The equipment notes, which are secured by liens on specific titled vehicles, include certain affirmative and negative covenants, are generally payable in 60 monthly installments and bear interest at fixed rates ranging from 2.78% to 5.13%.

Debt - Additional Information (

Debt - Additional Information (Detail)	3 Months Ended
	Apr. 04, 2020USD ($)Agreement
Line of Credit Facility [Line Items]
Number of swap agreements | Agreement	2
Notional amount	$ 14,900,000
Description of variable rate basis	LIBOR rate plus 2.25%
First Swap [Member]
Line of Credit Facility [Line Items]
Notional amount	$ 10,000,000
Interest accrued percentage	4.16%
Effective date	Oct. 31, 2016
Second Swap [Member]
Line of Credit Facility [Line Items]
Notional amount	$ 4,900,000
Interest accrued percentage	3.83%
Effective date	Oct. 31, 2016
Interest Rate Swap [Member]
Line of Credit Facility [Line Items]
Fair value asset of swap agreement	$ 700,000

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	Apr. 04, 2020	Dec. 31, 2019
Assets
Marketable securities	$ 6,320	$ 9,369
Fair Value, Measurements, Recurring [Member]
Assets
Cash equivalents	30	18
Marketable securities	6,320	9,369
Total assets	6,350	9,387
Liabilities
Interest rate swaps	720	137
Total liabilities	720	137
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Assets
Cash equivalents	30	18
Marketable securities	6,320	9,369
Total assets	6,350	9,387
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Liabilities
Interest rate swaps	720	137
Total liabilities	$ 720	$ 137

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]	Apr. 04, 2020USD ($)
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 128,267
Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 131,499

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost and Related Information (Detail) $ in Thousands	3 Months Ended
	Apr. 04, 2020USD ($)
Lease cost
Operating lease cost	$ 8,796
Short-term lease cost	1,439
Variable lease cost	1,019
Sublease income	(879)
Total lease cost	10,375
Other information
Cash paid for amounts included in the measurement of operating leases	8,436
Right-of-use asset change due to lease termination	(1,109)
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 12,831
Weighted-average remaining lease term	5 years 2 months 12 days
Weighted-average discount rate	5.70%
With Affiliates [Member]
Lease cost
Operating lease cost	$ 2,836
Short-term lease cost	241
Variable lease cost	226
Total lease cost	3,303
Other information
Cash paid for amounts included in the measurement of operating leases	2,814
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,739
Weighted-average remaining lease term	6 years 4 months 24 days
Weighted-average discount rate	7.60%
With Third Parties [Member]
Lease cost
Operating lease cost	$ 5,960
Short-term lease cost	1,198
Variable lease cost	793
Sublease income	(879)
Total lease cost	7,072
Other information
Cash paid for amounts included in the measurement of operating leases	5,622
Right-of-use asset change due to lease termination	(1,109)
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 11,092
Weighted-average remaining lease term	4 years 8 months 12 days
Weighted-average discount rate	4.50%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Operating Leases (Detail) $ in Thousands	Apr. 04, 2020USD ($)
Lease Disclosure [Line Items]
Year one	$ 29,672
Year two	19,524
Year three	13,396
Year four	10,352
Year five	8,832
Thereafter	23,868
Total required lease payments	105,644
Less amounts representing interest	(16,146)
Present value of lease liabilities	89,498
With Affiliates [Member]
Lease Disclosure [Line Items]
Year one	8,385
Year two	6,411
Year three	4,126
Year four	3,418
Year five	3,135
Thereafter	12,798
Total required lease payments	38,273
With Third Parties [Member]
Lease Disclosure [Line Items]
Year one	21,287
Year two	13,113
Year three	9,270
Year four	6,934
Year five	5,697
Thereafter	11,070
Total required lease payments	$ 67,371

Transactions with Affiliates -

Transactions with Affiliates - Schedule of Amounts Charged to UTSI (Detail) - Affiliates [Member] - USD ($) $ in Thousands	3 Months Ended
	Apr. 04, 2020	Mar. 30, 2019
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	$ 16,959	$ 13,742
Administrative support services [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	188	714
Truck fuel, tolls and maintenance [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	306	302
Real estate rent and related costs [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	3,307	3,244
Insurance and employee benefit plans [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	13,153	9,474
Purchased transportation and equipment rent [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	$ 5	$ 8

Transactions with Affiliates _2

Transactions with Affiliates - Additional Information (Detail) $ in Thousands	3 Months Ended
	Apr. 04, 2020USD ($)Facility	Dec. 31, 2019USD ($)
Related Party Transactions [Abstract]
Number of facilities leased from related parties occupied on monthly or contractual basis | Facility	27
Insurance, claims and other receivables	$ 9,900	$ 9,900
Due to affiliates	21,483	14,842
Due from affiliates	$ 2,838	$ 1,705

Transactions with Affiliates _3

Transactions with Affiliates - Schedule of Services Provided to Affiliates (Detail) - Affiliates [Member] - USD ($) $ in Thousands	3 Months Ended
	Apr. 04, 2020	Mar. 30, 2019
Related Party Transaction [Line Items]
Services provided to affiliates	$ 135	$ 249
Purchased Transportation And Equipment Rent [Member]
Related Party Transaction [Line Items]
Services provided to affiliates	$ 135	$ 249

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Feb. 05, 2020	Jan. 10, 2020	Feb. 20, 2019	Apr. 04, 2020	Mar. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total fair value of shares vested				$ 0.2	$ 0.1
Total unrecognized compensation cost				1.7
Share based compensation cost is expected to be recognized on a straight-line basis during remainder of 2021				0.2
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2022				0.2
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2023				0.2
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2024				0.4
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2026				0.3
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2027				0.2
Share based compensation cost is expected to be recognized on a straight-line basis in fiscal 2028				$ 0.2
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of restricted stock granted			44,500	65,000
Restricted stock award grant date fair value per share				$ 18.74
Restricted Stock [Member] | Vesting on January 10, 2024 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares expected to vest		20,000
Restricted Stock [Member] | Vesting on January 10, 2026 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares expected to vest		20,000
Restricted Stock [Member] | Vesting on January 10, 2027 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares expected to vest		10,000
Restricted Stock [Member] | Vesting on January 10, 2028 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares expected to vest		10,000
Restricted Stock [Member] | 2020 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock award grant date fair value per share			$ 23.56
Restricted Stock [Member] | 2021 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock award grant date fair value per share			23.56
Restricted Stock [Member] | 2022 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock award grant date fair value per share			23.56
Restricted Stock [Member] | 2023 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock award grant date fair value per share			$ 23.56
Restricted Stock [Member] | Chief Financial Officer [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of restricted stock granted	5,000		10,000
Restricted stock award grant date fair value per share	$ 17.74
Restricted Stock [Member] | Chief Executive Officer [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of restricted stock granted		60,000	12,000
Restricted stock award grant date fair value per share		$ 18.82

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Status of Nonvested Shares (Detail) - Restricted Stock [Member] - $ / shares	Feb. 20, 2019	Apr. 04, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Nonvested, Beginning Balance		42,000
Shares, Granted	44,500	65,000
Shares, Vested		(9,375)
Shares, Forfeited		(17,000)
Shares, Ending Balance		80,625
Weighted Average Grant Date Fair Value, Beginning Balance		$ 22.96
Weighted Average Grant Date Fair Value, Granted		18.74
Weighted Average Grant Date Fair Value, Vested		20.86
Weighted Average Grant Date Fair Value, Forfeited		23.56
Weighted Average Grant Date Fair Value, Ending Balance		$ 19.90

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Apr. 04, 2020	Mar. 30, 2019
Earnings Per Share [Abstract]
Weighted average non-vested shares of restricted shares	0	882
Antidilutive securities excluded from computation of earnings per share, amount	85,625	44,500

Dividends - Additional Informat

Dividends - Additional Information (Detail) - $ / shares	Feb. 06, 2020	Apr. 04, 2020	Mar. 30, 2019
Earnings Per Share [Abstract]
Dividends payable, date declared		Feb. 6, 2020
Quarterly cash dividend declared per common stock	$ 0.105	$ 0.105	$ 0.105
Dividends payable, recorded date		Mar. 2, 2020
Dividends payable, date to be paid		Apr. 6, 2020

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Apr. 04, 2020Segment
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. 04, 2020	Mar. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 382,162	$ 377,406
Income from operations	23,908	26,513
Total assets	1,008,455	919,725	$ 987,997
Operating Segments [Member] | Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	254,673	246,704
Income from operations	12,103	12,532
Total assets	638,009	523,626
Operating Segments [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Revenues	127,042	130,399
Income from operations	11,690	13,820
Total assets	355,531	357,912
Other [Member]
Segment Reporting Information [Line Items]
Revenues	447	303
Income from operations	115	161
Total assets	14,915	38,187
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(868)	(1,010)
Intersegment Eliminations [Member] | Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	(633)	(511)
Intersegment Eliminations [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Revenues	$ (235)	$ (499)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Mar. 06, 2020USD ($)	Oct. 30, 2017USD ($)	Jul. 21, 2017USD ($)	Apr. 04, 2020USD ($)Employee	Dec. 31, 2019USD ($)
Concentration Risk [Line Items]
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
Amount of pre-tax charge to net income					$ 2,900,000
Litigation settlement payable	$ 5,700,000
Litigation settlement accrued interest	$ 800,000
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				29.00%
Number of employees subject to contracts that expire in 2020 | Employee				37
Mexico [Member] | Workforce Subject to Collective Bargaining Arrangements [Member] | Unionized Employees Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of revenues from major customers				86.00%
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