Universal Logistics (ULH) 10-Q 12 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 03, 2020	Nov. 09, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 3, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
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	Oct. 03, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 8,677	$ 7,726
Marketable securities	6,699	9,369
Accounts receivable – net of allowance for doubtful accounts of $3,442 and $2,545, respectively	248,965	210,534
Other receivables	21,898	19,065
Prepaid expenses and other	25,987	19,676
Due from affiliates	1,476	1,705
Prepaid income taxes	1,479	3,768
Total current assets	315,181	271,843
Property and equipment – net of accumulated depreciation of $296,552 and $270,062, respectively	363,449	339,823
Operating lease right-of-use asset	96,205	87,209
Goodwill	170,730	168,451
Intangible assets – net of accumulated amortization of $89,788 and $78,366, respectively	106,022	116,111
Deferred income taxes	1,413	1,460
Other assets	3,866	3,100
Total assets	1,056,866	987,997
Current liabilities:
Accounts payable	110,758	91,909
Current portion of long-term debt	61,244	59,476
Insurance and claims	26,058	27,484
Accrued expenses and other current liabilities	34,869	34,825
Current portion of operating lease liabilities	24,270	23,039
Due to affiliates	16,146	14,842
Total current liabilities	273,345	251,575
Long-term liabilities:
Long-term debt, net of current portion	405,351	398,136
Operating lease liabilities, net of current portion	72,504	61,674
Deferred income taxes	71,684	65,692
Other long-term liabilities	6,354	5,703
Total long-term liabilities	555,893	531,205
Shareholders' equity:
Common stock, no par value. Authorized 100,000,000 shares; 30,979,827 and 30,970,452 shares issued; 26,918,830 and 27,282,230 shares outstanding, respectively	30,981	30,972
Paid-in capital	4,484	4,298
Treasury stock, at cost; 4,060,997 and 3,688,222 shares, respectively	(82,247)	(77,247)
Retained earnings	280,248	251,204
Accumulated other comprehensive (loss):
Interest rate swaps, net of income taxes of $(164) and $(32), respectively	(530)	(105)
Foreign currency translation adjustments	(5,308)	(3,905)
Total shareholders’ equity	227,628	205,217
Total liabilities and shareholders’ equity	$ 1,056,866	$ 987,997

Unaudited Consolidated Balanc_2

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 03, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 3,442	$ 2,545
Property and equipment, accumulated depreciation	296,552	270,062
Intangible assets, accumulated amortization	$ 89,788	$ 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	26,918,830	27,282,230
Treasury stock, shares	4,060,997	3,688,222
Interest rate swaps, income taxes	$ (164)	$ (32)

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Operating revenues:
Total operating revenues	$ 364,988	$ 375,485	$ 1,005,130	$ 1,136,067
Operating expenses:
Purchased transportation and equipment rent	177,207	183,902	486,674	539,584
Direct personnel and related benefits	88,881	91,946	243,862	278,763
Operating supplies and expenses	31,001	30,465	78,658	91,972
Commission expense	6,756	7,991	18,950	23,685
Occupancy expense	8,674	8,380	26,489	27,523
General and administrative	8,586	11,435	24,090	30,309
Insurance and claims	4,926	29,912	14,655	41,215
Depreciation and amortization	16,894	18,807	54,942	53,140
Total operating expenses	342,925	382,838	948,320	1,086,191
Income (loss) from operations	22,063	(7,353)	56,810	49,876
Interest income	13	14	37	57
Interest expense	(3,518)	(4,091)	(11,188)	(12,602)
Other non-operating income (expense)	(494)	163	(3,289)	1,212
Income (loss) before income taxes	18,064	(11,267)	42,370	38,543
Provision for income taxes	4,486	(2,847)	10,461	9,694
Net income (loss)	$ 13,578	$ (8,420)	$ 31,909	$ 28,849
Earnings per common share:
Basic	$ 0.50	$ (0.30)	$ 1.18	$ 1.02
Diluted	$ 0.50	$ (0.30)	$ 1.18	$ 1.02
Weighted average number of common shares outstanding:
Basic	26,919	28,263	27,023	28,342
Diluted	26,922	28,264	27,023	28,343
Dividends declared per common share		$ 0.105	$ 0.105	$ 0.315
Truckload services [Member]
Operating revenues:
Total operating revenues	$ 52,212	$ 62,615	$ 151,633	$ 193,133
Brokerage services [Member]
Operating revenues:
Total operating revenues	90,568	94,442	239,249	269,680
Intermodal services [Member]
Operating revenues:
Total operating revenues	94,543	93,022	287,746	278,043
Dedicated services [Member]
Operating revenues:
Total operating revenues	39,376	32,730	88,986	105,618
Value-added services [Member]
Operating revenues:
Total operating revenues	$ 88,289	$ 92,676	$ 237,516	$ 289,593

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net Income (loss)	$ 13,578	$ (8,420)	$ 31,909	$ 28,849
Other comprehensive income (loss):
Unrealized changes in fair value of interest rate swaps, net of income taxes of $14, $(34), $(132) and $(155), respectively	46	(107)	(425)	(485)
Foreign currency translation adjustments	(2,546)	(185)	(1,403)	7
Total other comprehensive income (loss)	(2,500)	(292)	(1,828)	(478)
Total comprehensive income (loss)	$ 11,078	$ (8,712)	$ 30,081	$ 28,371

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Statement Of Income And Comprehensive Income [Abstract]
Unrealized changes in fair value of interest rate swaps, tax	$ 14	$ (34)	$ (132)	$ (155)

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 03, 2020	Apr. 04, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019	Sep. 28, 2019
Cash flows from operating activities:
Net income	$ 13,578	$ 12,163	$ (8,420)	$ 31,909	$ 28,849	$ 28,849
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,894		18,807	54,942	53,140	53,140
Noncash lease expense				21,972	22,361
Loss (gain) on marketable equity securities				3,031	(960)
Loss (gain) on disposal of property and equipment				(638)	6
Amortization of debt issuance costs				441	439
Stock-based compensation				195	73
Provision for doubtful accounts				2,351	2,157
Deferred income taxes				4,733	(1,877)
Change in assets and liabilities:
Trade and other accounts receivable				(45,695)	7,246
Prepaid income taxes, prepaid expenses and other assets				(4,739)	1,236
Principal reduction in operating lease liabilities				(21,360)	(21,103)
Accounts payable, accrued expenses and other current liabilities, insurance and claims, and income taxes payable				28,974	36,230
Due to/from affiliates, net				1,534	4,503
Other long-term liabilities				90	(324)
Net cash provided by operating activities				77,740	131,976
Cash flows from investing activities:
Capital expenditures				(72,836)	(60,752)
Proceeds from the sale of property and equipment				2,978	5,002
Purchases of marketable securities				(361)	(92)
Proceeds from sale of marketable securities					1,246
Acquisition of business				(1,295)	(22,457)
Net cash used in investing activities				(71,514)	(77,053)
Cash flows from financing activities:
Proceeds from borrowing - revolving debt				296,794	214,393
Repayments of debt - revolving debt				(298,191)	(229,392)
Proceeds from borrowing - term debt				54,602	45,433
Repayments of debt - term debt				(44,617)	(44,228)
Borrowings under margin account				256
Repayments under margin account				(256)	(541)
Capitalized financing costs				(46)
Dividends paid				(5,731)	(15,042)
Purchases of treasury stock				(5,000)	(24,786)
Net cash used in financing activities				(2,189)	(54,163)
Effect of exchange rate changes on cash and cash equivalents				(3,086)	(2)
Net increase in cash				951	758
Cash and cash equivalents – beginning of period		$ 7,726		7,726	5,727
Cash and cash equivalents – end of period	$ 8,677		$ 6,485	8,677	6,485	$ 6,485
Supplemental cash flow information:
Cash paid for interest				10,734	11,282
Cash paid for income taxes				3,108	11,892
Acquisition of business:
Fair value of assets acquired					23,981
Liabilities assumed					(2,779)
Payment of acquisition obligations				1,295	1,255
Net cash paid for acquisition of business				$ 1,295	$ 22,457

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 (loss)	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, 2018	209,299	30,967	4,230	(52,462)	231,525	(4,961)
Net income	28,849
Balances at Sep. 28, 2019	197,915	30,972	4,298	(77,248)	245,332	(5,439)
Balances at Mar. 30, 2019	220,654	30,972	4,298	(52,462)	242,721	(4,875)
Net income	19,972				19,972
Comprehensive income (loss)	(272)					(272)
Dividends paid	(2,981)				(2,981)
Balances at Jun. 29, 2019	237,373	30,972	4,298	(52,462)	259,712	(5,147)
Net income	(8,420)				(8,420)
Comprehensive income (loss)	(292)					(292)
Dividends paid	(2,980)				(2,980)
Dividends payable	(2,980)				(2,980)
Purchases of treasury stock	(24,786)			(24,786)
Balances at Sep. 28, 2019	197,915	30,972	4,298	(77,248)	245,332	(5,439)
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 (loss)	(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)
Balances at Dec. 31, 2019	205,217	30,972	4,298	(77,247)	251,204	(4,010)
Net income	31,909
Comprehensive income (loss)	(1,828)
Balances at Oct. 03, 2020	227,628	30,981	4,484	(82,247)	280,248	(5,838)
Balances at Apr. 04, 2020	208,663	30,981	4,484	(82,166)	260,502	(5,138)
Net income	6,168				6,168
Comprehensive income (loss)	1,800					1,800
Purchases of treasury stock	(81)			(81)
Balances at Jul. 04, 2020	216,550	30,981	4,484	(82,247)	266,670	(3,338)
Net income	13,578				13,578
Comprehensive income (loss)	(2,500)					(2,500)
Balances at Oct. 03, 2020	$ 227,628	$ 30,981	$ 4,484	$ (82,247)	$ 280,248	$ (5,838)

Unaudited Consolidated Statem_6

Unaudited Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Apr. 04, 2020	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019
Statement Of Stockholders Equity [Abstract]
Dividends paid per share	$ 0.105	$ 0.105	$ 0.105	$ 0.215
Dividends payable per share		$ 0.105

General

General	9 Months Ended
	Oct. 03, 2020
Accounting Policies [Abstract]
General	(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. COVID-19 In March of 2020, the World Health Organization declared the coronavirus outbreak (COVID-19) a pandemic. The Company remains committed to doing its part to protect its employees, customers, vendors and the general public from the spread of COVID-19. We will continue to adapt our operations as required to ensure safety while continuing to provide a high level of service to our customers. To mitigate the impact to our business, we implemented numerous cost reduction efforts beginning in the second quarter including furloughing a portion of the direct labor force, requiring employees to take unpaid time-off, restricting travel, reducing discretionary spending, and various other measures. Also during the second quarter we began taking advantage of the cash deferral programs available for payment of employer social security taxes and federal and state income taxes under the Coronavirus Aid, Relief, and Economic Security Act (“CARES” Act). The company makes estimates and assumptions that affect reported amounts and disclosures included in its financial statements and accompanying notes and assesses certain accounting matters that require consideration of forecasted financial information. The Company's assumptions about future conditions important to these estimates and assumptions are subject to uncertainty, including the impacts of the COVID-19 pandemic. Although we estimate COVID-19 had the largest impact on our business during the second quarter 2020, we are unable to predict with any certainty the future impact COVID-19 may have on our operational and financial performance. The Company will continue to monitor these conditions in future periods as new information becomes available, and will update its analyses accordingly.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Oct. 03, 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 and investment margin credit facility. The London Interbank Offered Rate (“LIBOR”) is the basis for interest charges on outstanding borrowings for both our line of credit and investment margin account. The scheduled discontinuation of LIBOR is not expected to materially alter any provisions of either of these debt instruments, except for the identification of a replacement reference rate. The Company has evaluated the new guidance and does not expect it to have a material impact on its financial condition, results of operations, or cash flows. 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	9 Months Ended
	Oct. 03, 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. Truckload services also include our final mile and ground expedited services. 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. 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): October 3, 2020 December 31, 2019 Prepaid expenses and other - contract assets $ 2,367 $ 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	9 Months Ended
	Oct. 03, 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 basis, and unrealized gains on equity securities (in thousands): October 3, 2020 December 31, 2019 Fair value $ 6,699 $ 9,369 Cost basis 9,730 8,136 Unrealized gain (loss) $ (3,031 ) $ 1,233 The following table sets forth the gross unrealized gains and losses on the Company’s marketable securities (in thousands): October 3, 2020 December 31, 2019 Gross unrealized gains $ 90 $ 1,337 Gross unrealized losses (3,121 ) (104 ) Net unrealized gains (losses) $ (3,031 ) $ 1,233 The following table shows the Company’s net realized gains (loss) on marketable equity securities (in thousands): Thirteen weeks ended Thirty-nine weeks ended October 3, 2020 September 28, 2019 October 3, 2020 September 28, 2019 Realized gain Sale proceeds $ — $ 689 $ — $ 1,246 Cost basis of securities sold — 576 — 1,021 Realized gain $ — $ 113 $ — $ 225 Realized gain, net of taxes $ — $ 84 $ — $ 168 During the thirteen-week and thirty-nine week periods ended October 3, 2020, our marketable equity securities portfolio experienced a net unrealized pre-tax (loss) in market value of approximately $(497,000) and $(3,031,000), respectively, which was reported in other non-operating income (expense) for the period. During the thirteen-week and thirty-nine week periods ended September 28, 2019, our marketable equity securities portfolio experienced a net unrealized pre-tax gain in market value of approximately $21,000 and $735,000, respectively, which was reported in other non-operating income (expense) for the period.

Goodwill

Goodwill	9 Months Ended
	Oct. 03, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	( 5 ) Goodwill The changes in the carrying amount of goodwill during the thirty-nine weeks ended October 3, 2020 are as follows: Balance as of January 1, 2020 $ 168,451 Purchase accounting adjustments 2,279 Balance as of October 3, 2020 $ 170,730 During the thirty-nine weeks ended October 3, 2020, the Company made purchase accounting adjustments to the preliminary purchase price allocations of the Company’s April 22, 2019 acquisition of Michael’s Cartage and November 5, 2019 acquisition of Roadrunner Intermodal Services, Inc. The adjustments resulted in increases of $2.3 million in goodwill and $1.3 million in intangible assets, as well as decreases of $3.3 million in property and equipment, $1.5 million in other assets, $2.3 million in current liabilities, and $0.2 million in deferred tax liabilities. At October 3, 2020 and December 31, 2019, $114.4 million and $112.2 million of goodwill was recorded in our transportation segment, respectively. At both October 3, 2020 and December 31, 2019, $56.3 million of goodwill was recorded in our logistics segment. During the third quarter we performed our annual goodwill impairment test using a quantitative assessment and found there to be no impairment of goodwill.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Oct. 03, 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): October 3, 2020 December 31, 2019 Payroll related items $ 19,545 $ 14,390 Driver escrow liabilities 4,144 5,249 Commissions, taxes and other 11,180 8,238 Legal settlements - 6,948 Total $ 34,869 $ 34,825

Debt

Debt	9 Months Ended
	Oct. 03, 2020
Debt Disclosure [Abstract]
Debt	( 7 ) Debt Debt is comprised of the following (in thousands): Interest Rates at October 3, 2020 October 3, 2020 December 31, 2019 Outstanding Debt: Credit and Security Agreement (1) Term Loan 2.15% $ 134,062 $ 142,500 Revolver 2.15% 149,828 151,225 Equipment Financing (2) 2.78% to 5.13% 133,497 128,512 Real Estate Financing (3) 2.00% to 2.40% 50,930 37,492 Margin Facility (4) 1.25% — — Unamortized debt issuance costs (1,722 ) (2,117 ) 466,595 457,612 Less current portion of long-term debt 61,244 59,476 Total long-term debt, net of current portion $ 405,351 $ 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 October 3, 2020, we were in compliance with all covenants under the facility, and $50.2 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 October 3, 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 October 3, 2020, the maximum available borrowings under the line of credit were $4.7 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 $13.7 million at October 3, 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 $3.7 million) and expires in May 2022. At October 3, 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	9 Months Ended
	Oct. 03, 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): October 3, 2020 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 4 $ — $ — $ 4 Marketable securities 6,699 — — 6,699 Total $ 6,703 $ — $ — $ 6,703 Liabilities Interest rate swaps $ — $ 694 $ — $ 694 Total $ — $ 694 $ — $ 694 December 31, 2019 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 18 $ — $ — $ 18 Marketable securities 9,369 — — 9,369 Total $ 9,387 $ — $ — $ 9,387 Liabilities Interest rate swaps $ — $ 137 $ — $ 137 Total $ — $ 137 $ — $ 137 (8) Fair Value Measurements and Disclosures – continued The valuation techniques used to measure fair value for the items in the tables above are as follows: • Cash equivalents – This category consists of money market funds which are listed as Level 1 assets and measured at fair value based on quoted prices for identical instruments in active markets. • Marketable securities – Marketable securities represent equity securities, which consist of common and preferred stocks, are actively traded on public exchanges and are listed as Level 1 assets. Fair value was measured based on quoted prices for these securities in active markets. • Interest rate swaps – The fair value of our interest rate swaps is determined using a methodology of netting the discounted future fixed cash payments (or receipts) and the discounted expected variable cash receipts (or payments). The variable cash receipts (or payments) are based on the expectation of future interest rates (forward curves) derived from observed market interest rate curves. The fair value measurement also incorporates credit valuation adjustments to appropriately reflect both the Company’s nonperformance risk and the respective counterparty’s nonperformance risk. Our 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 October 3, 2020 is summarized as follows: Carrying Value Estimated Fair Value Equipment promissory notes $ 133,497 $ 134,219 We have not elected the fair value option for any of our financial instruments.

Leases

Leases	9 Months Ended
	Oct. 03, 2020
Leases [Abstract]
Leases	( 9 ) Leases On January 1, 2019, we adopted ASU 2016-02, Leases, which required us to recognize a right-of-use asset and a corresponding lease liability on our balance sheet for most leases classified as operating leases under previous guidance. Right-of-use assets represent our right to use an underlying asset over the lease term and lease liabilities represent the obligation to make lease payments resulting from the lease agreement. We recognize a right-of-use asset and a lease liability on the effective date of a lease agreement. As of October 3, 2020, our obligations under operating lease arrangements primarily related to the rental of office space, warehouses, freight distribution centers, terminal yards and equipment. Our lease obligations typically do not include options to purchase the leased property, nor do they contain residual value guarantees or material restrictive covenants. Options to extend or terminate an agreement are included in the lease term when it becomes reasonably certain the option will be exercised. As of October 3, 2020, we were not reasonably certain of exercising any renewal or termination options, and as such, no adjustments were made to the right-of-use lease assets or corresponding liabilities. 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. (9) Leases – continued The following table summarizes our lease costs for the thirteen weeks and thirty-nine weeks ended October 3, 2020 and September 28, 2019, and related information (in thousands): Thirteen weeks ended October 3, 2020 With Affiliates With Third Parties Total Lease cost Operating lease cost $ 2,696 $ 5,825 $ 8,521 Short-term lease cost 80 1,801 1,881 Variable lease cost 41 951 992 Sublease income - (1,723 ) (1,723 ) Total lease cost $ 2,817 $ 6,854 $ 9,671 Thirteen weeks ended September 28, 2019 With Affiliates With Third Parties Total Lease cost Operating lease cost $ 2,495 $ 6,121 $ 8,616 Short-term lease cost 76 561 637 Variable lease cost 309 384 693 Sublease income - (701 ) (701 ) Total lease cost $ 2,880 $ 6,365 $ 9,245 Thirty-nine weeks ended October 3, 2020 With Affiliates With Third Parties Total Lease cost Operating lease cost $ 7,966 $ 17,625 $ 25,591 Short-term lease cost 487 4,072 4,559 Variable lease cost 308 2,715 3,023 Sublease income - (3,326 ) (3,326 ) Total lease cost $ 8,761 $ 21,086 $ 29,847 Thirty-nine weeks ended September 28, 2019 With Affiliates With Third Parties Total Lease cost Operating lease cost $ 8,196 $ 17,395 $ 25,591 Short-term lease cost 370 2,653 3,023 Variable lease cost 607 940 1,547 Sublease income - (2,074 ) (2,074 ) Total lease cost $ 9,173 $ 18,914 $ 28,087 (9) Leases – continued The following table summarizes other lease related information as of and for the thirty-nine week period ended October 3, 2020 and September 28, 2019 (in thousands): October 3, 2020 With Affiliates With Third Parties Total Other information Cash paid for amounts included in the measurement of operating leases $ 7,719 $ 17,169 $ 24,888 Right-of-use asset change due to lease termination $ - $ (1,584 ) $ (1,584 ) Right-of-use assets obtained in exchange for new operating lease liabilities $ 15,985 $ 16,984 $ 32,969 Weighted-average remaining lease term (in years) 6.1 4.6 5.2 Weighted-average discount rate 6.7 % 4.5 % 5.5 % September 28, 2019 With Affiliates With Third Parties Total Other information Cash paid for amounts included in the measurement of operating leases $ 8,572 $ 15,711 $ 24,283 Right-of-use asset change due to lease termination $ 3,483 $ 5,500 $ 8,983 Right-of-use assets obtained in exchange for new operating lease liabilities $ - $ - $ - Weighted-average remaining lease term (in years) 5.1 4.3 4.6 Weighted-average discount rate 5.0 % 5.0 % 5.0 % Future minimum lease payments under operating leases as of October 3, 2020, are as follows (in thousands): With Affiliates With Third Parties Total Year one $ 9,926 $ 18,731 $ 28,657 Year two 8,364 12,526 20,890 Year three 7,415 9,233 16,648 Year four 7,318 6,946 14,264 Year five 6,116 6,426 12,542 Thereafter 12,383 8,179 20,562 Total required lease payments $ 51,522 $ 62,041 $ 113,563 Less amounts representing interest (16,789 ) Present value of lease liabilities $ 96,774

Transactions with Affiliates

Transactions with Affiliates	9 Months Ended
	Oct. 03, 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, IT infrastructure and other requested 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 and thirty-nine weeks ended October 3, 2020 and September 28, 2019, respectively (in thousands): Thirteen weeks ended Thirty-nine weeks ended October 3, 2020 September 28, 2019 October 3, 2020 September 28, 2019 Administrative support services $ 743 $ 1,852 $ 1,274 $ 3,352 Truck fuel, tolls and maintenance 234 212 644 726 Real estate rent and related costs 4,878 3,629 11,692 8,822 Insurance and employee benefit plans 15,411 8,685 35,918 34,097 Purchased transportation and equipment rent 5 11 17 29 Total $ 21,271 $ 14,389 $ 49,545 $ 47,026 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 26 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 October 3, 2020 and December 31, 2019, amounts due to affiliates were $16.1 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 October 3, 2020 and December 31, 2019, there were $12.5 million and $9.9 million, respectively, included in each of these accounts for insured claims. We purchased wheels and tires from an affiliate during the thirty-nine weeks ended October 3, 2020 totaling $618,000. There were no such purchases made during the thirty-nine weeks ended September 28, 2019. 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 and thirty-nine weeks ended October 3, 2020 and September 28, 2019 (in thousands): Thirteen weeks ended Thirty-nine weeks ended October 3, 2020 September 28, 2019 October 3, 2020 September 28, 2019 Purchased transportation and equipment rent $ 194 $ 404 $ 550 $ 1,136 Total $ 194 $ 404 $ 550 $ 1,136 At October 3, 2020 and December 31, 2019, amounts due from affiliates were $1.5 million and $1.7 million, respectively

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Oct. 03, 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 (12,000 ) $ 23.56 Balance at June October 3, 2020 85,625 $ 19.90 In the thirty-nine week periods ended October 3, 2020 and September 28, 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 October 3, 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	9 Months Ended
	Oct. 03, 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 October 3, 2020, there were 2,957 weighted average non-vested shares of restricted stock in the denominator for the calculation of diluted earnings per share. For the thirty-nine weeks ended October 3, 2020, no shares of non-vested restricted stock were included in the denominator for the calculation of diluted earnings per share. For the thirteen weeks and thirty-nine weeks ended September 28, 2019, there were 943 and 917 weighted average non-vested shares of restricted stock, respectively, in the denominator for the calculation of diluted earnings per share In the thirteen weeks and thirty-nine weeks ended October 3, 2020, we excluded 20,625 and 85,625 shares of non-vested restricted stock from the calculation of diluted earnings per share because such shares were anti-dilutive. In each of the thirteen weeks and thirty-nine weeks ended September 28, 2019, we excluded 44,500 shares from the calculation of diluted earnings per share because such shares were anti-dilutive.

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 03, 2020
Segment Reporting [Abstract]
Segment Reporting	(1 3 ) 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 and thirty-nine week periods ended October 3, 2020 and September 28, 2019 (in thousands): Thirteen weeks ended October 3, 2020 Transportation Logistics Other Total Operating revenues $ 237,065 $ 127,666 $ 257 $ 364,988 Eliminated inter-segment revenues (2,107 ) (457 ) - (2,564 ) Income from operations 10,405 11,572 86 22,063 Total assets 632,378 406,623 17,865 1,056,866 Thirteen weeks ended September 28, 2019 Transportation Logistics Other Total Operating revenues $ 254,129 $ 120,981 $ 375 $ 375,485 Eliminated inter-segment revenues (283 ) (126 ) - (409 ) Income from operations (17,224 ) 9,796 75 (7,353 ) Total assets 572,238 332,904 29,587 934,729 Thirty-nine weeks ended October 3, 2020 Transportation Logistics Other Total Operating revenues $ 677,569 $ 326,502 $ 1,059 $ 1,005,130 Eliminated inter-segment revenues (3,322 ) (1,813 ) - (5,135 ) Income from operations 32,544 24,012 254 56,810 Total assets 632,378 406,623 17,865 1,056,866 Thirty-nine weeks ended September 28, 2019 Transportation Logistics Other Total Operating revenues $ 752,610 $ 382,541 $ 916 $ 1,136,067 Eliminated inter-segment revenues (1,208 ) (751 ) - (1,959 ) Income from operations 8,601 40,955 320 49,876 Total assets 572,238 332,904 29,587 934,729

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 03, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(1 4 ) Commitments and Contingencies Our principal commitments relate to long-term real estate leases and payment obligations to equipment vendors. 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 October 3, 2020, approximately 32% of our employees in the United States, Canada and Colombia, and 87% of our employees in Mexico were subject to collective bargaining agreements that are renegotiated periodically, none of which are subject to contracts that expire in 2020.

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 03, 2020
Subsequent Events [Abstract]
Subsequent Events	(1 5 ) Subsequent Events Our Board of Directors reinstated Universal’s cash dividend policy, and on October 29, 2020, declared a cash dividend of $0.105 per share of common stock. The dividend is payable to shareholders of record at the close of business on December 7, 2020 and is expected to be paid on January 4, 2021. 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)	9 Months Ended
	Oct. 03, 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 and investment margin credit facility. The London Interbank Offered Rate (“LIBOR”) is the basis for interest charges on outstanding borrowings for both our line of credit and investment margin account. The scheduled discontinuation of LIBOR is not expected to materially alter any provisions of either of these debt instruments, except for the identification of a replacement reference rate. The Company has evaluated the new guidance and does not expect it to have a material impact on its financial condition, results of operations, or cash flows. 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)	9 Months Ended
	Oct. 03, 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): October 3, 2020 December 31, 2019 Prepaid expenses and other - contract assets $ 2,367 $ 1,156

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Oct. 03, 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 basis, and unrealized gains on equity securities (in thousands): October 3, 2020 December 31, 2019 Fair value $ 6,699 $ 9,369 Cost basis 9,730 8,136 Unrealized gain (loss) $ (3,031 ) $ 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): October 3, 2020 December 31, 2019 Gross unrealized gains $ 90 $ 1,337 Gross unrealized losses (3,121 ) (104 ) Net unrealized gains (losses) $ (3,031 ) $ 1,233
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 Thirty-nine weeks ended October 3, 2020 September 28, 2019 October 3, 2020 September 28, 2019 Realized gain Sale proceeds $ — $ 689 $ — $ 1,246 Cost basis of securities sold — 576 — 1,021 Realized gain $ — $ 113 $ — $ 225 Realized gain, net of taxes $ — $ 84 $ — $ 168

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Oct. 03, 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 thirty-nine weeks ended October 3, 2020 are as follows: Balance as of January 1, 2020 $ 168,451 Purchase accounting adjustments 2,279 Balance as of October 3, 2020 $ 170,730

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Oct. 03, 2020
Payables And Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses and other current liabilities are comprised of the following (in thousands): October 3, 2020 December 31, 2019 Payroll related items $ 19,545 $ 14,390 Driver escrow liabilities 4,144 5,249 Commissions, taxes and other 11,180 8,238 Legal settlements - 6,948 Total $ 34,869 $ 34,825

Debt (Tables)

Debt (Tables)	9 Months Ended
	Oct. 03, 2020
Debt Disclosure [Abstract]
Details of Debt	Debt is comprised of the following (in thousands): Interest Rates at October 3, 2020 October 3, 2020 December 31, 2019 Outstanding Debt: Credit and Security Agreement (1) Term Loan 2.15% $ 134,062 $ 142,500 Revolver 2.15% 149,828 151,225 Equipment Financing (2) 2.78% to 5.13% 133,497 128,512 Real Estate Financing (3) 2.00% to 2.40% 50,930 37,492 Margin Facility (4) 1.25% — — Unamortized debt issuance costs (1,722 ) (2,117 ) 466,595 457,612 Less current portion of long-term debt 61,244 59,476 Total long-term debt, net of current portion $ 405,351 $ 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 October 3, 2020, we were in compliance with all covenants under the facility, and $50.2 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 October 3, 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 October 3, 2020, the maximum available borrowings under the line of credit were $4.7 million.

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	9 Months Ended
	Oct. 03, 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): October 3, 2020 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 4 $ — $ — $ 4 Marketable securities 6,699 — — 6,699 Total $ 6,703 $ — $ — $ 6,703 Liabilities Interest rate swaps $ — $ 694 $ — $ 694 Total $ — $ 694 $ — $ 694 December 31, 2019 Level 1 Level 2 Level 3 Fair Value Measurement Assets Cash equivalents $ 18 $ — $ — $ 18 Marketable securities 9,369 — — 9,369 Total $ 9,387 $ — $ — $ 9,387 Liabilities Interest rate swaps $ — $ 137 $ — $ 137 Total $ — $ 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 October 3, 2020 is summarized as follows: Carrying Value Estimated Fair Value Equipment promissory notes $ 133,497 $ 134,219

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 03, 2020
Leases [Abstract]
Summary of Lease Costs	(9) Leases – continued The following table summarizes our lease costs for the thirteen weeks and thirty-nine weeks ended October 3, 2020 and September 28, 2019, and related information (in thousands): Thirteen weeks ended October 3, 2020 With Affiliates With Third Parties Total Lease cost Operating lease cost $ 2,696 $ 5,825 $ 8,521 Short-term lease cost 80 1,801 1,881 Variable lease cost 41 951 992 Sublease income - (1,723 ) (1,723 ) Total lease cost $ 2,817 $ 6,854 $ 9,671 Thirteen weeks ended September 28, 2019 With Affiliates With Third Parties Total Lease cost Operating lease cost $ 2,495 $ 6,121 $ 8,616 Short-term lease cost 76 561 637 Variable lease cost 309 384 693 Sublease income - (701 ) (701 ) Total lease cost $ 2,880 $ 6,365 $ 9,245 Thirty-nine weeks ended October 3, 2020 With Affiliates With Third Parties Total Lease cost Operating lease cost $ 7,966 $ 17,625 $ 25,591 Short-term lease cost 487 4,072 4,559 Variable lease cost 308 2,715 3,023 Sublease income - (3,326 ) (3,326 ) Total lease cost $ 8,761 $ 21,086 $ 29,847 Thirty-nine weeks ended September 28, 2019 With Affiliates With Third Parties Total Lease cost Operating lease cost $ 8,196 $ 17,395 $ 25,591 Short-term lease cost 370 2,653 3,023 Variable lease cost 607 940 1,547 Sublease income - (2,074 ) (2,074 ) Total lease cost $ 9,173 $ 18,914 $ 28,087
Summary of Other Lease Related Information	(9) Leases – continued The following table summarizes other lease related information as of and for the thirty-nine week period ended October 3, 2020 and September 28, 2019 (in thousands): October 3, 2020 With Affiliates With Third Parties Total Other information Cash paid for amounts included in the measurement of operating leases $ 7,719 $ 17,169 $ 24,888 Right-of-use asset change due to lease termination $ - $ (1,584 ) $ (1,584 ) Right-of-use assets obtained in exchange for new operating lease liabilities $ 15,985 $ 16,984 $ 32,969 Weighted-average remaining lease term (in years) 6.1 4.6 5.2 Weighted-average discount rate 6.7 % 4.5 % 5.5 % September 28, 2019 With Affiliates With Third Parties Total Other information Cash paid for amounts included in the measurement of operating leases $ 8,572 $ 15,711 $ 24,283 Right-of-use asset change due to lease termination $ 3,483 $ 5,500 $ 8,983 Right-of-use assets obtained in exchange for new operating lease liabilities $ - $ - $ - Weighted-average remaining lease term (in years) 5.1 4.3 4.6 Weighted-average discount rate 5.0 % 5.0 % 5.0 %
Schedule of Future Minimum Lease Payments Under Operating Leases	Future minimum lease payments under operating leases as of October 3, 2020, are as follows (in thousands): With Affiliates With Third Parties Total Year one $ 9,926 $ 18,731 $ 28,657 Year two 8,364 12,526 20,890 Year three 7,415 9,233 16,648 Year four 7,318 6,946 14,264 Year five 6,116 6,426 12,542 Thereafter 12,383 8,179 20,562 Total required lease payments $ 51,522 $ 62,041 $ 113,563 Less amounts representing interest (16,789 ) Present value of lease liabilities $ 96,774

Transactions with Affiliates (T

Transactions with Affiliates (Tables)	9 Months Ended
	Oct. 03, 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 and thirty-nine weeks ended October 3, 2020 and September 28, 2019, respectively (in thousands): Thirteen weeks ended Thirty-nine weeks ended October 3, 2020 September 28, 2019 October 3, 2020 September 28, 2019 Administrative support services $ 743 $ 1,852 $ 1,274 $ 3,352 Truck fuel, tolls and maintenance 234 212 644 726 Real estate rent and related costs 4,878 3,629 11,692 8,822 Insurance and employee benefit plans 15,411 8,685 35,918 34,097 Purchased transportation and equipment rent 5 11 17 29 Total $ 21,271 $ 14,389 $ 49,545 $ 47,026
Schedule of Services Provided to Affiliates	Following is a schedule of services provided to affiliates for the thirteen weeks and thirty-nine weeks ended October 3, 2020 and September 28, 2019 (in thousands): Thirteen weeks ended Thirty-nine weeks ended October 3, 2020 September 28, 2019 October 3, 2020 September 28, 2019 Purchased transportation and equipment rent $ 194 $ 404 $ 550 $ 1,136 Total $ 194 $ 404 $ 550 $ 1,136

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Oct. 03, 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 (12,000 ) $ 23.56 Balance at June October 3, 2020 85,625 $ 19.90

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 03, 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 and thirty-nine week periods ended October 3, 2020 and September 28, 2019 (in thousands): Thirteen weeks ended October 3, 2020 Transportation Logistics Other Total Operating revenues $ 237,065 $ 127,666 $ 257 $ 364,988 Eliminated inter-segment revenues (2,107 ) (457 ) - (2,564 ) Income from operations 10,405 11,572 86 22,063 Total assets 632,378 406,623 17,865 1,056,866 Thirteen weeks ended September 28, 2019 Transportation Logistics Other Total Operating revenues $ 254,129 $ 120,981 $ 375 $ 375,485 Eliminated inter-segment revenues (283 ) (126 ) - (409 ) Income from operations (17,224 ) 9,796 75 (7,353 ) Total assets 572,238 332,904 29,587 934,729 Thirty-nine weeks ended October 3, 2020 Transportation Logistics Other Total Operating revenues $ 677,569 $ 326,502 $ 1,059 $ 1,005,130 Eliminated inter-segment revenues (3,322 ) (1,813 ) - (5,135 ) Income from operations 32,544 24,012 254 56,810 Total assets 632,378 406,623 17,865 1,056,866 Thirty-nine weeks ended September 28, 2019 Transportation Logistics Other Total Operating revenues $ 752,610 $ 382,541 $ 916 $ 1,136,067 Eliminated inter-segment revenues (1,208 ) (751 ) - (1,959 ) Income from operations 8,601 40,955 320 49,876 Total assets 572,238 332,904 29,587 934,729

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Additional Information (Detail) - ASU 2020-04 [Member]	Oct. 03, 2020
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Mar. 12, 2020
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true

Revenue Recognition - Aditional

Revenue Recognition - Aditional Information (Detail)	9 Months Ended
	Oct. 03, 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	Oct. 03, 2020	Dec. 31, 2019
Other Current Assets [Member]
Disaggregation Of Revenue [Line Items]
Prepaid expenses and other - contract assets	$ 2,367	$ 1,156

Marketable Securities - Schedul

Marketable Securities - Schedule of Market Value, Cost Basis and Unrealized Gains on Equity Securities (Detail) - USD ($) $ in Thousands	Oct. 03, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Fair value	$ 6,699	$ 9,369
Cost basis	9,730	8,136
Unrealized gain (loss)	$ (3,031)	$ 1,233

Marketable Securities - Sched_2

Marketable Securities - Schedule of Gross Unrealized Gains and Losses on Marketable Securities (Detail) - USD ($) $ in Thousands	Oct. 03, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Gross unrealized gains	$ 90	$ 1,337
Gross unrealized losses	(3,121)	(104)
Net unrealized gains (losses)	$ (3,031)	$ 1,233

Marketable Securities - Summary

Marketable Securities - Summary of Net Realized Gains (Loss) on Marketable Equity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 28, 2019	Sep. 28, 2019
Realized gain
Sale proceeds	$ 689	$ 1,246
Cost basis of securities sold	576	1,021
Realized gain	113	225
Realized gain, net of taxes	$ 84	$ 168

Marketable Securities - Additio

Marketable Securities - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Other Nonoperating Income (Expense)
Schedule Of Available For Sale Securities [Line Items]
Net unrealized pre-tax gain (loss) in market value	$ (497,000)	$ 21,000	$ (3,031,000)	$ 735,000

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	9 Months Ended
	Oct. 03, 2020USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning Balance	$ 168,451
Purchase accounting adjustments	2,279
Ending Balance	$ 170,730

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Oct. 03, 2020	Oct. 03, 2020	Dec. 31, 2019
Goodwill [Line Items]
Increase in goodwill		$ 2,279,000
Goodwill	$ 170,730,000	170,730,000	$ 168,451,000
Goodwill impairment loss	0
Transportation [Member]
Goodwill [Line Items]
Goodwill	114,400,000	114,400,000	112,200,000
Logistics [Member]
Goodwill [Line Items]
Goodwill	$ 56,300,000	56,300,000	$ 56,300,000
Michael's and Roadrunner Intermodal Services, Inc. [Member]
Goodwill [Line Items]
Increase in goodwill		2,300,000
Increase in intangible assets		1,300,000
Decrease in property and equipment		3,300,000
Decrease in current liabilities		2,300,000
Decrease in other assets		1,500,000
Decrease in deferred tax liabilities		$ 200,000

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Oct. 03, 2020	Dec. 31, 2019
Payables And Accruals [Abstract]
Payroll related items	$ 19,545	$ 14,390
Driver escrow liabilities	4,144	5,249
Commissions, taxes and other	11,180	8,238
Legal settlements		6,948
Total	$ 34,869	$ 34,825

Debt - Details of Debt (Detail)

Debt - Details of Debt (Detail) - USD ($) $ in Thousands		Oct. 03, 2020	Dec. 31, 2019
Outstanding Debt:
Unamortized debt issuance costs		$ (1,722)	$ (2,117)
Outstanding Debt		466,595	457,612
Less current portion of long-term debt		61,244	59,476
Total long-term debt, net of current portion		405,351	398,136
Credit and Security Agreement [Member] | Term Loan [Member]
Outstanding Debt:
Outstanding Debt	[1]	$ 134,062	142,500
Credit facility, Interest Rates	[1]	2.15%
Credit and Security Agreement [Member] | Revolver [Member]
Outstanding Debt:
Outstanding Debt	[1]	$ 149,828	151,225
Credit facility, Interest Rates	[1]	2.15%
Equipment Financing [Member]
Outstanding Debt:
Outstanding Debt	[2]	$ 133,497	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]	$ 50,930	$ 37,492
Real Estate Financing [Member] | Minimum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[3]	2.00%
Real Estate Financing [Member] | Maximum [Member]
Outstanding Debt:
Credit facility, Interest Rates	[3]	2.40%
Margin Facility [Member]
Outstanding Debt:
Credit facility, Interest Rates	[4]	1.25%
[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 October 3, 2020, we were in compliance with all covenants under the facility, and $50.2 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 October 3, 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 October 3, 2020, the maximum available borrowings under the line of credit were $4.7 million.

Debt - Details of Debt (Parenth

Debt - Details of Debt (Parenthetical) (Detail)	9 Months Ended
	Oct. 03, 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	50,200,000
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	$ 4,700,000
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)	9 Months Ended
	Oct. 03, 2020USD ($)Agreement
Line of Credit Facility [Line Items]
Number of swap agreements | Agreement	2
Notional amount	$ 13,700,000
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	2016-10
Maturity date	2026-07
Second Swap [Member]
Line of Credit Facility [Line Items]
Notional amount	$ 3,700,000
Interest accrued percentage	3.83%
Effective date	2016-10
Maturity date	2022-05
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	Oct. 03, 2020	Dec. 31, 2019
Assets
Marketable securities	$ 6,699	$ 9,369
Fair Value, Measurements, Recurring [Member]
Assets
Cash equivalents	4	18
Marketable securities	6,699	9,369
Total	6,703	9,387
Liabilities
Interest rate swaps	694	137
Total	694	137
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Assets
Cash equivalents	4	18
Marketable securities	6,699	9,369
Total	6,703	9,387
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Liabilities
Interest rate swaps	694	137
Total	$ 694	$ 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]	Oct. 03, 2020USD ($)
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 133,497
Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 134,219

Leases - Summary of Lease Costs

Leases - Summary of Lease Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Lease cost
Operating lease cost	$ 8,521	$ 8,616	$ 25,591	$ 25,591
Short-term lease cost	1,881	637	4,559	3,023
Variable lease cost	992	693	3,023	1,547
Sublease income	(1,723)	(701)	(3,326)	(2,074)
Total lease cost	9,671	9,245	29,847	28,087
With Affiliates [Member]
Lease cost
Operating lease cost	2,696	2,495	7,966	8,196
Short-term lease cost	80	76	487	370
Variable lease cost	41	309	308	607
Total lease cost	2,817	2,880	8,761	9,173
With Third Parties [Member]
Lease cost
Operating lease cost	5,825	6,121	17,625	17,395
Short-term lease cost	1,801	561	4,072	2,653
Variable lease cost	951	384	2,715	940
Sublease income	(1,723)	(701)	(3,326)	(2,074)
Total lease cost	$ 6,854	$ 6,365	$ 21,086	$ 18,914

Leases - Summary of Other Lease

Leases - Summary of Other Lease Related Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019
Other information
Cash paid for amounts included in the measurement of operating leases	$ 24,888	$ 24,283
Right-of-use asset change due to lease termination	(1,584)	$ 8,983
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 32,969
Weighted-average remaining lease term	5 years 2 months 12 days	4 years 7 months 6 days
Weighted-average discount rate	5.50%	5.00%
With Affiliates [Member]
Other information
Cash paid for amounts included in the measurement of operating leases	$ 7,719	$ 8,572
Right-of-use asset change due to lease termination		$ 3,483
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 15,985
Weighted-average remaining lease term	6 years 1 month 6 days	5 years 1 month 6 days
Weighted-average discount rate	6.70%	5.00%
With Third Parties [Member]
Other information
Cash paid for amounts included in the measurement of operating leases	$ 17,169	$ 15,711
Right-of-use asset change due to lease termination	(1,584)	$ 5,500
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 16,984
Weighted-average remaining lease term	4 years 7 months 6 days	4 years 3 months 18 days
Weighted-average discount rate	4.50%	5.00%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Operating Leases (Detail) $ in Thousands	Oct. 03, 2020USD ($)
Lease Disclosure [Line Items]
Year one	$ 28,657
Year two	20,890
Year three	16,648
Year four	14,264
Year five	12,542
Thereafter	20,562
Total required lease payments	113,563
Less amounts representing interest	(16,789)
Present value of lease liabilities	96,774
With Affiliates [Member]
Lease Disclosure [Line Items]
Year one	9,926
Year two	8,364
Year three	7,415
Year four	7,318
Year five	6,116
Thereafter	12,383
Total required lease payments	51,522
With Third Parties [Member]
Lease Disclosure [Line Items]
Year one	18,731
Year two	12,526
Year three	9,233
Year four	6,946
Year five	6,426
Thereafter	8,179
Total required lease payments	$ 62,041

Transactions with Affiliates -

Transactions with Affiliates - Schedule of Amounts Charged to UTSI (Detail) - Affiliates [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	$ 21,271	$ 14,389	$ 49,545	$ 47,026
Administrative support services [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	743	1,852	1,274	3,352
Truck fuel, tolls and maintenance [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	234	212	644	726
Real estate rent and related costs [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	4,878	3,629	11,692	8,822
Insurance and employee benefit plans [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	15,411	8,685	35,918	34,097
Purchased transportation and equipment rent [Member]
Related Party Transaction [Line Items]
Cost incurred for services provided by CenTra and affiliates	$ 5	$ 11	$ 17	$ 29

Transactions with Affiliates _2

Transactions with Affiliates - Additional Information (Detail)	9 Months Ended
	Oct. 03, 2020USD ($)Facility	Sep. 28, 2019USD ($)	Dec. 31, 2019USD ($)
Related Party Transaction [Line Items]
Number of facilities leased from related parties occupied on monthly or contractual basis | Facility	26
Insurance, claims and other receivables	$ 12,500,000		$ 9,900,000
Due to affiliates	16,146,000		14,842,000
Due from affiliates	1,476,000		$ 1,705,000
Affiliates [Member] | Wheels and Tires [Member]
Related Party Transaction [Line Items]
Cost of purchase from an affiliate	$ 618,000	$ 0

Transactions with Affiliates _3

Transactions with Affiliates - Schedule of Services Provided to Affiliates (Detail) - Affiliates [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Related Party Transaction [Line Items]
Services provided to affiliates	$ 194	$ 404	$ 550	$ 1,136
Purchased Transportation And Equipment Rent [Member]
Related Party Transaction [Line Items]
Services provided to affiliates	$ 194	$ 404	$ 550	$ 1,136

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	Oct. 03, 2020	Sep. 28, 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	Oct. 03, 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		(12,000)
Shares, Ending Balance		85,625
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		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Earnings Per Share [Abstract]
Weighted average non-vested shares of restricted shares	2,957	943	0	917
Antidilutive securities excluded from computation of earnings per share, amount	20,625	44,500	85,625	44,500

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	9 Months Ended
	Oct. 03, 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		9 Months Ended
	Oct. 03, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019	Sep. 28, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 364,988	$ 375,485	$ 1,005,130	$ 1,136,067	$ 1,136,067
Income from operations	22,063	(7,353)	56,810	49,876	49,876
Total assets	1,056,866	934,729	1,056,866	934,729	934,729	$ 987,997
Operating Segments [Member] | Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	237,065	254,129	677,569	752,610
Income from operations	10,405	(17,224)	32,544	8,601
Total assets	632,378	572,238	632,378	572,238	572,238
Operating Segments [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Revenues	127,666	120,981	326,502	382,541
Income from operations	11,572	9,796	24,012	40,955
Total assets	406,623	332,904	406,623	332,904	332,904
Other [Member]
Segment Reporting Information [Line Items]
Revenues	257	375	1,059	916
Income from operations	86	75	254	320
Total assets	17,865	29,587	17,865	29,587	$ 29,587
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(2,564)	(409)	(5,135)	(1,959)
Intersegment Eliminations [Member] | Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	(2,107)	(283)	(3,322)	(1,208)
Intersegment Eliminations [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Revenues	$ (457)	$ (126)	$ (1,813)	$ (751)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Workforce Subject to Collective Bargaining Arrangements [Member] - Unionized Employees Concentration Risk [Member]	9 Months Ended
	Oct. 03, 2020
United States, Canada and Colombia [Member]
Concentration Risk [Line Items]
Percentage of revenues from major customers	32.00%
Mexico [Member]
Concentration Risk [Line Items]
Percentage of revenues from major customers	87.00%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	Oct. 29, 2020	Sep. 28, 2019	Oct. 03, 2020	Sep. 28, 2019
Subsequent Event [Line Items]
Dividends declared per common share		$ 0.105	$ 0.105	$ 0.315
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends payable, date declared	Oct. 29, 2020
Dividends declared per common share	$ 0.105
Dividends payable, recorded date	Dec. 7, 2020
Dividends payable, date to be paid	Jan. 4, 2021