Daseke (DSKE) 10-K 16 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 14, 2018	Jun. 30, 2017
Document and Entity Information
Entity Registrant Name	Daseke, Inc.
Entity Central Index Key	1,642,453
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Common shares outstanding		57,169,408
Entity Public Float			$ 198,140,423
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 90,679	$ 3,695
Accounts receivable, net	127,368	54,177
Drivers' advances and other receivables	4,792	2,632
Current portion of net investment in sales-type leases	10,979	3,516
Parts supplies	4,653	1,467
Income tax receivable	91	719
Prepaid and other current assets	28,149	13,504
Total current assets	266,711	79,710
Property and equipment, net	429,639	318,747
Intangible assets, net	93,120	71,653
Goodwill	302,702	89,035
Other long-term assets	33,496	11,090
Total assets	1,125,668	570,235
Current liabilities:
Accounts payable	12,488	5,954
Accrued expenses and other liabilities	25,876	16,104
Accrued payroll, benefits and related taxes	14,004	7,835
Accrued insurance and claims	12,644	9,840
Current portion of long-term debt	43,056	52,665
Total current liabilities	108,068	92,398
Line of credit	4,561	6,858
Long-term debt, net of current portion	569,740	208,372
Deferred tax liabilities	90,434	92,815
Other long-term liabilities	1,632	286
Subordinated debt		66,443
Total liabilities	774,435	467,172
Commitments and contingencies (Note 17)
Stockholders’ equity:
Common stock (par value $0.0001 per share); 250,000,000 shares authorized, 48,712,288 and 20,980,961 shares issued and outstanding at December 31, 2017 and 2016, respectively	5	2
Additional paid-in-capital	277,931	117,806
Retained earnings (accumulated deficit)	7,338	(14,694)
Accumulated other comprehensive income (loss)	959	(52)
Total stockholders’ equity	351,233	103,063
Total liabilities and stockholders’ equity	1,125,668	570,235
Series A convertible preferred stock
Stockholders’ equity:
Preferred stock value	65,000
Total stockholders’ equity	$ 65,000
Series B convertible preferred stock
Stockholders’ equity:
Preferred stock value		1
Total stockholders’ equity		$ 1

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, issued	48,712,288	20,980,961
Common stock, outstanding	48,712,288	20,980,961
Series A convertible preferred stock
Preferred stock, par value	$ 0.0001
Preferred stock, authorized	10,000,000
Preferred stock, issued	650,000
Preferred liquidation preference	$ 65,000
Series B convertible preferred stock
Preferred stock, par value		$ 0.01
Preferred stock, authorized		75,000
Preferred stock, issued		64,500
Preferred stock, outstanding		64,500

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Freight	$ 632,764	$ 517,861	$ 506,582
Brokerage	120,943	87,410	108,900
Logistics	22,074
Fuel surcharge	70,523	46,531	63,363
Total revenue	846,304	651,802	678,845
Operating expenses:
Salaries, wages and employee benefits	249,996	197,789	178,703
Fuel	93,749	66,865	70,296
Operations and maintenance	118,390	96,100	98,734
Communications	2,145	1,618	2,034
Purchased freight	225,254	154,054	181,985
Administrative expenses	33,233	25,250	21,710
Sales and marketing	1,965	1,743	2,911
Taxes and licenses	11,055	9,222	9,228
Insurance and claims	23,962	19,114	19,655
Acquisition-related transaction expenses	3,377	25	1,192
Depreciation and amortization	76,863	67,500	63,573
Gain on disposition of revenue property and equipment	(700)	(116)	(2,184)
Impairments		2,005
Total operating expenses	839,289	641,169	647,837
Income from operations	7,015	10,633	31,008
Other expense (income):
Interest income	(398)	(44)	(69)
Interest expense	29,556	23,124	20,602
Write-off of unamortized deferred financing fees	3,883
Other	(740)	(331)	(251)
Total other expense	32,301	22,749	20,282
Income (loss) before provision (benefit) for income taxes	(25,286)	(12,116)	10,726
Provision (benefit) for income taxes	(52,282)	163	7,463
Net income (loss)	26,996	(12,279)	3,263
Other comprehensive income:
Unrealized income on interest rate swaps	52	62	33
Foreign currency translation adjustments, net of $517 tax expense	959
Comprehensive income (loss)	28,007	(12,217)	3,296
Net income (loss)	26,996	(12,279)	3,263
Net income (loss) attributable to common stockholders	$ 22,032	$ (17,049)	$ (1,473)
Net income (loss) per common share:
Basic (in dollars per share)	$ 0.59	$ (0.81)	$ (0.07)
Diluted (in dollars per share)	$ 0.56	$ (0.81)	$ (0.07)
Weighted-average common shares outstanding:
Basic (in shares)	37,592,549	20,980,961	20,980,961
Diluted (in shares)	39,593,701	20,980,961	20,980,961
Series A
Other comprehensive income:
Convertible preferred stockholders dividend	$ (4,158)
Weighted-average common shares outstanding:
Dividends declared per convertible preferred share	$ 6.40
Series B
Other comprehensive income:
Convertible preferred stockholders dividend	$ (806)	$ (4,770)	$ (4,736)
Weighted-average common shares outstanding:
Dividends declared per convertible preferred share	$ 12.50	$ 18.75	$ 75

CONSOLIDATED STATEMENTS OF OPE5

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Consolidated Statements of Operations and Comprehensive Income (Loss)
Foreign currency translation adjustments tax expense	$ 517

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Series A convertible preferred stockRetained Earnings (Accumulated Deficit) Member	Series A convertible preferred stock	Series B convertible preferred stockCommon Stock Member	Series B convertible preferred stockAdditional Paid-In Capital Member	Series B convertible preferred stockRetained Earnings (Accumulated Deficit) Member	Series B convertible preferred stock	Common Stock Member	Additional Paid-In Capital Member	Retained Earnings (Accumulated Deficit) Member	Accumulated Other Comprehensive (Loss) Member	Total
Balance (in Value) (Scenario, Previously Reported [Member]) at Dec. 31, 2014						$ 1	$ 1	$ 103,432	$ 3,828	$ (147)	$ 107,115
Balance (in Value) (Effect Of Reverse Acquisition [Member]) at Dec. 31, 2014							1	(1)
Balance (in Value) at Dec. 31, 2014						$ 1	$ 2	103,431	3,828	(147)	107,115
Balance (in Shares) (Scenario, Previously Reported [Member]) at Dec. 31, 2014						54,800	145,495
Balance (in Shares) (Effect Of Reverse Acquisition [Member]) at Dec. 31, 2014							20,835,466
Balance (in Shares) at Dec. 31, 2014						54,800	20,980,961
Income on interest rate swaps										33	33
Convertible preferred stockholders dividend					$ (4,736)	$ (4,736)
Issuance of stock				$ 14,375		$ 14,375
Issuance of stock (in Shares)						9,700
Net income									3,263		3,263
Balance (in Value) at Dec. 31, 2015						$ 1	$ 2	117,806	2,355	(114)	120,050
Balance (in Shares) at Dec. 31, 2015						64,500	20,980,961
Income on interest rate swaps										62	62
Convertible preferred stockholders dividend					(4,770)	$ (4,770)
Net income									(12,279)		(12,279)
Balance (in Value) at Dec. 31, 2016						$ 1	$ 2	117,806	(14,694)	(52)	103,063
Balance (in Shares) at Dec. 31, 2016						64,500	20,980,961
Income on interest rate swaps										52	52
Convertible preferred stockholders dividend	$ (4,158)	$ (4,158)			$ (806)	$ (806)
Repurchase of common shares ( in Value)							$ (1)	(36,167)			(36,168)
Repurchase of common shares (in Shares)							(3,616,781)
Convertible Preferred Stock to common shares			$ 1			$ (1)
Convertible Preferred Stock to common shares (in Shares)		650,000	9,301,150			(64,500)
Shares assumed by legal acquirer (in Value)							$ 1	83,639			83,640
Shares assumed by legal acquirer ( in shares)							11,050,630
Settlement of legal acquirer transaction costs								(19,063)			(19,063)
Issuance of stock		$ 65,000					$ 2	127,301			$ 127,303
Issuance of stock (in Shares)							10,996,328				5,675,967
Effect of reverse acquisition on deferred taxes								2,540			$ 2,540
Stock based compensation expense								1,875			1,875
Foreign currency translation adjustments										959	959
Net income									26,996		26,996
Balance (in Value) at Dec. 31, 2017		$ 65,000					$ 5	$ 277,931	$ 7,338	$ 959	$ 351,233
Balance (in Shares) at Dec. 31, 2017		650,000					48,712,288

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities
Net income (loss)	$ 26,996	$ (12,279)	$ 3,263
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation	70,168	61,499	58,407
Amortization of intangible assets	6,695	6,001	5,166
Amortization of deferred financing fees	1,777	1,347	1,456
Write-off of deferred financing fees	3,883
Stock-based compensation expense	1,875
Deferred taxes	(53,394)	(349)	7,007
Bad debt expense	235	612	328
Non-cash interest expense	92	1,078	1,049
Gain on disposition of property and equipment	(699)	(116)	(2,184)
Deferred gain recognized on sales-type leases	(1,362)	(751)	(467)
Impairment		2,005
Changes in operating assets and liabilities
Accounts receivable	(15,294)	8,660	6,837
Drivers' advances and other receivables	519	(405)	727
Payments received on sales-type leases	5,761	3,653	2,191
Prepaid and other current assets	(3,437)	6,352	(1,757)
Accounts payable	283	(1,034)	(5,139)
Accrued expenses and other liabilities	1,666	(9,858)	8,200
Net cash provided by operating activities	45,764	66,415	85,084
Cash flows from investing activities
Purchase of property and equipment	(19,792)	(4,108)	(6,431)
Proceeds from sale of property and equipment	5,773	5,906	2,215
Cash paid in acquisitions, net of cash acquired	(279,834)		64
Net cash provided by (used in) investing activities	(293,853)	1,798	(4,152)
Cash flows from financing activities:
Advances on line of credit	754,635	702,846	671,070
Repayments on line of credit	(756,932)	(706,724)	(682,516)
Advances on long-term debt	12,301
Principal payments on and payoff of long-term debt	(239,506)	(72,987)	(59,087)
Proceeds from term loan facility	500,000
Proceeds from long-term debt		14,188
Payments on related party debt			(2,700)
Deferred financing fees	(19,193)	(1,889)	(1,607)
Pay off of subordinated debt	(66,715)
Issuance of common stock	127,893
Repurchase of common stock	(36,168)
Net cash provided by (used in) financing activities	335,141	(69,404)	(78,452)
Effect of exchange rates on cash and cash equivalents	(68)
Net increase (decrease) in cash and cash equivalents	86,984	(1,191)	2,480
Cash and cash equivalents – beginning of year	3,695	4,886	2,406
Cash and cash equivalents – end of year	90,679	3,695	4,886
Supplemental disclosure of cash flow information
Cash paid for interest	28,676	20,523	16,583
Cash paid for income taxes	1,078	1,010	892
Noncash investing and financing activities
Property and equipment acquired with debt or capital lease obligations	21,897	33,467	62,753
Property and equipment sold for notes receivable	555	452	237
Property and equipment transferred to sales-type lease	7,053	6,240	8,232
Assets held for sale returned to property and equipment		351
Sales-type lease returns to property and equipment	818	1,830	807
Sales-type lease assets acquired with debt or capital lease obligations	4	538	3,186
Sales-type lease assets sold for notes receivable	28,405	20,934	15,437
Sales-type lease returns to sales-type lease assets	19,720	16,784	8,282
Transfer between Senior Term Loan and line of credit			$ 9,993
Preferred Series B convertible preferred stock issued for acquisitions			13,500
Issuance of seller subordinated notes			$ 3,000
Common stock issued in acquisitions	63,987
Acquisitions financed with Senior Term Loan and line of credit			48,000
BHE Subordinated Notes forgiven to fund pension plan liability		1,709
Series A
Cash flows from financing activities:
Issuance of convertible preferred stock	(65,000)
Convertible preferred stock dividends	(4,158)
Noncash investing and financing activities
Accrued convertible preferred dividends	0
Series B
Cash flows from financing activities:
Issuance of convertible preferred stock			875
Convertible preferred stock dividends	$ (2,016)	(4,838)	(4,487)
Noncash investing and financing activities
Accrued convertible preferred dividends		$ 1,209	$ 1,277

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations The registrant was originally formed in April 2015 as a special purpose acquisition company (SPAC) under the name Hennessy Capital Acquisition Corp. II (Hennessy). As a SPAC, Hennessy had no operations and its purpose was to go public with the intention of merging with or acquiring an operating company with the proceeds of the SPAC’s initial public offering (the IPO). On February 27, 2017, Hennessy consummated the Business Combination (as defined and described in Note 2) with Daseke, Inc. Upon consummation of the Business Combination, Daseke, Inc. changed its name to Daseke Companies, Inc. and Hennessy changed its name to Daseke, Inc. Daseke, Inc. was formed in December 2008 and began operations on January 1, 2009. Daseke is engaged in full service open-deck trucking that specializes primarily in flatbed truckload and heavy haul transportation of specialized items throughout the United States, Canada and Mexico. The Company also provides logistical planning and warehousing services to customers. The Company is subject to regulation by the Department of Transportation and various state regulatory authorities. Additionally, due to the recent acquisitions (see Note 3), the Company is also subject to regulations by the Department of Defense and the Department of Energy. Unless expressly stated otherwise, references to the Company or Daseke refers to Daseke, Inc. and its wholly owned subsidiaries, Hennessy refers to the registrant prior to the closing of the Business Combination, and Private Daseke refers to Daseke, Inc. and its subsidiaries prior to the closing of the Business Combination. Principles of Consolidation The consolidated financial statements include the accounts of Daseke, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Accounts Receivable The Company grants credit to its customers for substantially all of its sales. Accounts receivable are carried at original invoice amount less an estimate for doubtful accounts. The Company establishes an allowance for doubtful accounts based on a periodic review of its outstanding receivables and consideration of historical experience. Accounts receivable are written off when deemed uncollectible and recoveries of trade accounts receivable previously written off are recorded as income when received. Accounts receivable are unsecured and the Company does not charge interest on outstanding receivables. Changes in the allowance for doubtful accounts is as follows (in thousands): Year Ended December 31, 2017 2016 Beginning balance $ 321 $ 82 Provision, charged to expense 235 612 Write-off, less recoveries (344) (373) Ending balance $ 212 $ 321 Cash and Cash Equivalents Cash equivalents are defined as short-term investments that have an original maturity of three months or less at the date of purchase and are readily convertible into cash. The Company maintains cash in several banks and, at times, the balances may exceed federally insured limits. The Company does not believe it is exposed to any material credit risk on cash. The Company has a money market account as of December 31, 2017 and there were no cash equivalents at December 31, 2016. Sales-Type Leases The Company leases revenue equipment to certain of its owner-operators and accounts for these transactions as sales-type leases. These leases have terms of 30 to 72 months and are collateralized by a security interest in the related revenue equipment. A minimum lease receivable is recorded, net of unearned interest income and deferred gain on sale of the equipment. The gain is recognized as payments are collected, rather than in the period the lease is recorded due to the uncertainty of collection. Parts Supplies Parts supplies consists of parts, replacement tires, and miscellaneous supplies and are valued at the lower of cost or market with cost determined principally on the first-in, first out method. Tires on new revenue equipment are capitalized as a component of the related equipment cost when the tractor or trailer is placed in service. Replacement tires are expensed when placed on the tractor or trailer. Property and Equipment Property and equipment are stated at cost less accumulated depreciation, and are depreciated to estimated salvage value using the straight-line method over the estimated useful lives of the related assets as follows: Buildings and building improvements 10 – 40 years Leasehold improvements 5 – 20 years Revenue equipment – tractors, trailers and accessories 5 – 15 years Vehicles 5 – 7 years Furniture and fixtures 5 – 7 years Office and computer equipment 3 – 5 years The Company periodically evaluates the carrying value of long-lived assets for recoverability. The carrying value of a long-lived asset is considered impaired if its future undiscounted cash flows is less than its carrying value. In 2016, the carrying value of assets held for sale, consisting primarily of tractors, was reduced by $1.6 million due to a change in the estimated fair value less costs to sell. This adjustment to fair value is included in impairment on the consolidated statements of operations and comprehensive income (loss). Goodwill and Intangible Assets Goodwill and other intangible assets result from business acquisitions. The Company accounts for business acquisitions by assigning the purchase price to tangible and intangible assets and liabilities. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over amounts assigned is recorded as goodwill. Goodwill is tested for impairment at least annually (or more frequently if impairment indicators arise) for each reporting unit by applying either a qualitative or quantitative analysis in accordance with the authoritative accounting guidance on goodwill. The Company first assesses qualitative factors to evaluate whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as the basis for determining whether it is necessary to perform a quantitative goodwill impairment test. The Company may bypass the qualitative assessment for any reporting unit in any period and proceed directly with the quantitative analysis. The quantitative analysis compares the fair value of the reporting unit with its carrying amount. The Company estimates the fair value of a reporting unit using discounted expected future cash flows. The Company’s annual assessment is conducted as of October 1 of each year. Prior to 2017, the annual assessment was conducted as of November 1, but was changed during 2017 to better align with the Company’s reporting periods. The change in testing date does not delay, accelerate or avoid an impairment charge. The Company determined that it is impractical to objectively determine projected cash flows and related valuation estimates that would have been used as of October 1 for periods prior to October 1, 2017 without the use of hindsight. As such, the Company prospectively applied the change in the annual goodwill impairment assessment date beginning October 1, 2017. In 2016, the carrying value of one subsidiary exceeded its estimated fair value. Accordingly, a non-cash, non-tax deductible goodwill impairment charge of $0.4 million was recognized during the three months ended December 31, 2016 and is included in impairment on the consolidated statements of operations and comprehensive income (loss). There was no goodwill impairment identified for the years ended December 31, 2017 or 2015. Other intangible assets recorded consist of indefinite lived trade names and definite lived non-competition agreements and customer relationships. These intangible assets are stated at estimated fair value at the time of acquisition less accumulated amortization. Amortization is recorded using the straight-line method over the following estimated useful lives: Customer relationships 10 – 15 years Non-competition agreements 2 – 5 years The Company evaluates its definite lived intangible assets for impairment when current facts or circumstances indicate that the carrying value of the assets to be held and used may not be recoverable. Indefinite-lived intangible assets are tested for impairment annually applying a fair value based analysis in accordance with the authoritative accounting guidance for such assets. No indicators of impairment were identified for the years ended December 31, 2017, 2016 and 2015. Revenue and Expense Recognition The Company recognizes revenue and related costs when persuasive evidence of an arrangement exists, delivery has occurred or services have been performed, the fee is fixed or determinable and collectability is probable. With respect to freight, brokerage, logistics and fuel surcharge revenue, these conditions are met, and the Company recognizes freight, brokerage and fuel surcharge revenue, upon delivery of a load and logistics revenue, as the services are provided. The Company recognizes brokerage revenue on a gross basis, as opposed to a net basis, because it bears the risks and benefits associated with revenue-generating activities by, among other things, (1) acting as a principal in the transaction, (2) establishing prices, (3) managing all aspects of the shipping process, and (4) taking the risk of loss for collection, delivery and returns. Accordingly, all such revenue billed to customers is classified as brokerage revenue, and all corresponding payments to carriers for transportation services arranged by the Company in connection with brokerage and intermodal activities and to independent contractor providers of revenue equipment are classified as purchased freight. Advertising Advertising costs are expensed as incurred and were insignificant for the years ended December 31, 2017, 2016 and 2015. Sales Taxes Taxes collected from customers and remitted to governmental authorities are presented in revenues in the consolidated statements of operations and comprehensive income (loss) on a net basis. Income Taxes Income taxes are accounted for using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the consolidated financial statement and tax basis of assets and liabilities at the applicable enacted tax rates. The Company recognizes the tax benefit from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company recognizes interest and penalties related to income tax matters in income tax expense within the statements of operations and comprehensive income (loss). The Company had no uncertain tax positions as of December 31, 2017 and 2016. The Company is no longer subject to United States federal income tax examinations by tax authorities for years before 2014. The Company is no longer subject to state income tax examinations by tax authorities for years before 2013. Concentrations of Credit Risk Financial instruments that potentially subject the Company to credit risk include accounts receivable. One customer represented approximately 13% of trade accounts receivable as of December 31, 2016, however no customer represented greater than 7% of trade accounts receivable as of December 31, 2017. No customer represented 10% or more of total revenue for the years ended December 31, 2017, 2016 and 2015. Deferred Financing Fees In conjunction with obtaining long-term debt, the Company incurred financing costs which are being amortized using the straight line method, which approximates the effective interest rate method, over the terms of the obligations. As of December 31, 2017 and 2016, the balance of deferred finance charges was $17.7 million and $4.1 million, respectively, which is included as a reduction of long-term debt, net of current portion in the consolidated balance sheets. Amortization expense for the years ended December 31, 2017, 2016 and 2015 totaled $5.7 million, $1.3 million and $1.5 million, respectively, which is included in interest expense. In February 2017, in conjunction with new term loan financing, as amended, discussed in Note 9, the Company incurred deferred financing costs of $14.2 million and an additional $4.8 million in November 2017 related to the tack-on loan. Unamortized deferred financing fees totaling $3.9 million were expensed as a result of the new term loan financing. Fair Value Measurements The Company follows the accounting guidance for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Fair value guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It also establishes a framework for measuring fair value and expands disclosures about fair value measurements. The three levels of the fair value framework are as follows: Level 1 – Quoted market prices in active markets for identical assets or liabilities. Level 2 – Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 – Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset or liability’s classification within the framework is determined based on the lowest level of input that is significant to the fair value measurement. The fair value of the Company’s interest rate swaps is determined using cash flow computer models with unobservable inputs, therefore the liability for interest rate swaps is classified within Level 3 of the fair value framework. In conjunction with the Business Combination discussed in Note 2, the Company’s lone interest rate swap was terminated. At December 31, 2016, the fair value of this liability was $51,871 and is classified in accrued expenses and other liabilities on the consolidated balance sheets. The tables below are a summary of the changes in the fair value of this liability for the years ended December 31, 2017 and 2016 (in thousands): 2017 2016 Balance, beginning of year $ (52) $ (124) Change in fair value 52 72 Balance, end of year $ — $ (52) Fair Value of Financial Instruments The Company’s financial instruments consist of cash, accounts receivable, accounts payable and accrued expenses, interest rate swaps, the line of credit and long-term debt. The carrying value of these financial instruments approximates fair value based on the liquidity of these financial instruments, their short-term nature or variable interest rates. Stock-Based Compensation Awards of equity instruments issued to employees and directors are accounted for under the fair value method of accounting and recognized in the consolidated statements of operations and comprehensive income (loss). Compensation cost is measured for all stock-based awards at fair value on the date of grant and recognized using the straight-line method over the service period over which the awards are expected to vest. Fair value of all time-vested options as of the date of grant is estimated using the Black-Scholes option valuation model, which was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. Option valuation models require the input of highly subjective assumptions, including the expected stock price volatility. Since the Company does not have a sufficient history of exercise behavior, expected term is calculated using the assumption that the options will be exercised ratably from the date of vesting to the end of the contractual term for each vesting tranche of awards. The risk-free interest rate is based on the United States Treasury yield curve for the period of the expected term of the stock option. Expected volatility is calculated using an index of publicly traded peer companies. Fair values of nonvested stock awards (restricted stock units) are equal to the market value of the common stock on the date of the award with compensation costs amortized over the vesting period of the award. Accrued Insurance and Claims The Company uses a combination of purchased insurance and self-insurance programs and beginning in December 2017, with the acquisition of the Roadmaster Group (see Note 3), a captive group insurance company. The insurance provides for the cost of vehicle liability, cargo loss, damage, general liability, property, workers’ compensation claims and employee medical benefits. Self-insurance accruals relate primarily to vehicle liability, cargo damage, workers’ compensation and employee medical claims. The measurement and classification of self-insured costs requires the consideration of historical cost experience, demographic and severity factors, and judgments about the current and expected levels of cost per claim and retention levels. These methods provide estimates of the liability associated with claims incurred as of the balance sheet date, including claims not reported. The Company believes these methods are appropriate for measuring these highly judgmental self-insurance accruals. However, the use of any estimation method is sensitive to the assumptions and factors described above, based on the magnitude of claims and the length of time from the date the claim is incurred to ultimate settlement. Accordingly, changes in these assumptions and factors can materially affect actual costs paid to settle the claims and those amounts may be different than estimates. Segment Reporting The Company determines its operating segments based on the information utilized by the chief operating decision maker to allocate resources and assess performance. Based on this information, the Company has determined it has 15 operating segments as of December 31, 2017 and eight operating segments as of December 31, 2016 that are aggregated into two reportable segments: Flatbed Solutions, which delivers its services using primarily flatbed transportation equipment to meet the needs of high-volume, time-sensitive shippers, and Specialized Solutions, which delivers transportation and logistics solutions for super heavy haul, high-value customized and over-dimensional loads, many of which require engineering and customized equipment. Earnings (Loss) Per Share Basic earnings (loss) per common share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share reflect the potential dilution of earnings per share that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the Company’s earnings (loss). Common Stock Purchase Warrants The Company accounts for the issuance of common stock purchase warrants in connection with equity offerings in accordance with the provisions of the Accounting Standards Codification (ASC) 815, Derivatives and Hedging (ASC 815). The Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). See Note 12 for additional details on the common stock purchase warrants. The Company assessed the classification of its common stock purchase warrants and determined that such instruments meet the criteria for equity classification at the time of issuance. Foreign Currency Gains and Losses The local currency is the functional currency for the Company’s operations in Canada. For these operations, assets and liabilities are translated at the rates of exchange on the consolidated balance sheet date, while income and expense items are translated at average rates of exchange during the period. The resulting gains or losses arising from the translation of accounts from the functional currency into United States dollars are included as a separate component of stockholders’ equity in accumulated other comprehensive income (loss) until a partial or complete liquidation of the Company’s net investment in the foreign operation. From time to time, the Company’s foreign operations may enter into transactions that are denominated in a currency other than their functional currency (United States dollars). These transactions are initially recorded in the functional currency of the operating company based on the applicable exchange rate in effect on the date of the transaction. Monthly, these transactions are remeasured to an equivalent amount of the functional currency based on the applicable exchange rate in effect on the remeasurement date. Any adjustment required to remeasure a transaction to the equivalent amount of functional currency is recorded in the consolidated statements of operations of the foreign operating company as a component of foreign exchange gain or loss. Assets Held for Sale Assets held for sale is comprised of revenue equipment in our lease purchase program and is recorded as a component of prepaid and other current assets on the consolidated balance sheets. Assets held for sale at December 31, 2017 and 2016, totaled $9.9 million and $4.6 million, respectively. Assets held for sale totaled $7.0 million and $4.6 million for the Flatbed Solutions segment for the years ended December 31, 2017 and 2016, respectively. Assets held for sale totaled $2.9 million for the Specialized Solutions segment for the year ended December 31, 2017. Assets held for sale are not subject to depreciation, and are recorded at the lower of depreciated carrying value or fair market value less selling costs. The Company expects to sell these assets in its lease purchase program within twelve months of being classified as assets held for sale. Any gains (losses) from the sale of these assets is recognized as a deferred gain in the consolidated statement of cash flows. New Accounting Pronouncements In July 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-11, Earnings per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815). ASU 2017-11 provides guidance on accounting for financial instruments with down round features and clarifies the deferral of certain provisions in Topic 480. ASU 2017-11 will become effective for annual periods beginning after December 15, 2018 and interim periods within those periods. The Company is currently evaluating the impact of adopting this guidance. In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718). ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award requires the application of modification accounting. Modification accounting will apply unless the fair value of the modified award is the same as the original award, the vesting conditions of the modified award are the same as the original award and the classification of the modified award as an equity instrument or liability instrument is the same as the original award. ASU 2017-09 will become effective for annual periods beginning after December 15, 2017 and interim periods within those periods. Early adoption is permitted. The Company does not expect ASU 2017-09 to have a material impact on its consolidated results of operations, financial condition, cash flows, or financial statement disclosures. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350). ASU 2017-04 removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for fiscal years beginning December 15, 2019, with early adoption permitted for interim and annual goodwill impairment tests performed on testing dates after January 1, 2017, and applied prospectively. The Company adopted this pronouncement on October 1, 2017 as a part of the annual goodwill assessment and the adoption had no impact on the Company’s consolidated results of operations, financial condition, cash flows or financial statement disclosures. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230). ASU 2016-15 provides new guidance intended to reduce diversity in practice in how certain cash receipts and payments are classified in the statement of cash flows, including debt prepayment or extinguishment costs, the settlement of contingent liabilities arising from a business combination, proceeds from insurance settlements, and distributions from certain equity method investees. ASU 2016-05 will become effective for fiscal years beginning after December 15, 2018 and interim periods within fiscal years. Early adoption is permitted. ASU 2016-15 requires application using a retrospective transition method. The Company is currently evaluating the impact of adopting this guidance. In June 2016, the FASB issued ASU No. 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. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance. In March 2016, the FASB issued ASU 2016-09, Stock Compensation (Topic 718). ASU 2016-09 requires the recognition of the income tax effects of awards in the income statement when the awards vest or are settled, thus eliminating additional paid in capital pools. ASU 2016-09 also allows for the Company to repurchase more of the Company’s shares for tax withholding purposes without triggering liability accounting. In addition, ASU 2016-09 allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, with early adoption permitted. The Company adopted this pronouncement on April 1, 2017 and election to account for forfeitures as they occur did not have a material impact on the Company’s consolidated results of operations, financial condition, cash flows or financial statement disclosures. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 amends various aspects of existing guidance for leases. ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. The main difference between previous GAAP and the amended standard is the recognition of lease assets and lease liabilities of lessees on the balance sheet for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this ASU will have on its consolidated financial position and results of operations. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and related amendments. Topic 606 supersedes all industry revenue guidance. The core principle of the guidance is for an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective). To evaluate our current accounting processes, compared to the new standard, we completed an assessment of representative contracts from each of our revenue streams. Currently, we recognize revenue upon completion of transportation or other services. By nature, our services are short in duration, typically representing less than one week to completion. Under the new standard, we will recognize revenue over time as our customers simultaneously receive and consume the benefits of our services. Due to the short nature of our transactions, we have determined the differences between recognizing revenue upon completion and over time are minimal. The adoption of this standard will not have a material impact on our financial position, results of operations or cash flows. There will be additions and modifications to our existing financial disclosures. While the overall revenue, systems and controls will be minimally impacted by the new standard, the underlying recognition methodology will change. Under adoption of Topic 606, revenue for services will be recognized over time as our customers simultaneously receive and consume the benefits of our services. The primary difference between the two recognition approaches for our business is the recognition of revenue for in-transit services at each reporting period. The Company adopted this guidance, utilizing the modified retrospective method, on January 1, 2018, which did not result in a transition adjustment to the opening balance of retained earnings.

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2017
BUSINESS COMBINATION
BUSINESS COMBINATION	NOTE 2 –BUSINESS COMBINATION On February 27, 2017, Hennessy consummated the merger of Hennessy’s wholly-owned subsidiary with and into Daseke, Inc., with Daseke, Inc. surviving as a direct wholly-owned subsidiary of Hennessy (the Business Combination) pursuant to the Agreement and Plan of Merger, dated December 22, 2016 (the Merger Agreement). The aggregate consideration received by Private Daseke stockholders upon closing was $266.7 million, consisting of newly issued shares of common stock at a value of $10.00 per share. The Merger Agreement contains an earn-out provision through which Private Daseke stockholders could receive up to 15 million additional shares of common stock (with up to 5 million shares payable annually with respect to 2017, 2018 and 2019 performance). The full 15 million shares are only payable if (i) the annualized Adjusted EBITDA (giving effect to acquisitions and as defined in the Merger Agreement) for 2017, 2018 and 2019 is at least $140.0 million, $170.0 million and $200.0 million, respectively, and (ii) the closing share price of the Company’s common stock is at least $12.00, $14.00 and $16.00 for any 20 trading days in a consecutive 30 trading day period in 2017, 2018 and 2019, respectively. For each year, the 5 million earn-out shares will be prorated to the extent the annualized Adjusted EBITDA (giving effect to acquisitions and as defined in the Merger Agreement) exceeds 90% but represents less than 100%, of the applicable earn-out target. Following the consummation of the Business Combination on February 27, 2017 (the Closing), there were 37,715,960 shares of common stock issued and outstanding, consisting of (i) 26,665,330 shares issued to Private Daseke stockholders pursuant to the Merger Agreement, (ii) 419,669 shares issued in a private placement that closed in conjunction with the Business Combination, (iii) 2,288,043 shares originally issued to Hennessy Capital Partners II LLC (the Sponsor) in a private placement that closed simultaneously with the consummation of the IPO, and (iv) 8,342,918 shares, following redemptions, which shares were originally issued in the IPO. In connection with the Business Combination, $65.0 million of Series A Preferred Stock (650,000 shares) were issued in a private placement. In conjunction with the Closing, the Company entered into (i) a $350.0 million term loan credit facility (the Term Loan Facility), which consists of a $250.0 million term loan funded on the closing date of the Term Loan Facility and up to $100.0 million of term loans to be funded from time to time under a delayed draw term loan facility, and (ii) an asset-based revolving credit facility (the ABL Facility), in an aggregate maximum credit amount equal to $70.0 million (subject to availability under a borrowing base). See Note 9 for more information regarding the Term Loan Facility and the ABL Facility. Prior to the Closing, the Company had a credit facility consisting of a term loan (Senior Term Loan) and a revolving line of credit (Line of Credit). The following table is a summary of cash proceeds and utilization of proceeds in the Business Combination (in thousands): Proceeds Public share proceeds (1) $ 83,429 Issuance of Series A Preferred Stock 65,000 Term Loan Facility 250,000 Cash (2) 3,209 Total proceeds 401,638 Use of Proceeds Repayment of Line of Credit (3) 16,717 Repayment of Senior Term Loan (4) 122,724 Repayment of equipment loans (5) 89,488 Repayment of subordinated debt (6) 67,460 Payment of deferred financing fees (7) 14,148 Repurchase Main Street and Prudential shares (8) 36,168 Hennessy transaction costs 19,063 Daseke transaction costs (9) 1,204 Total use of proceeds 366,972 Net cash received $ 34,666 (1) - 8,342,918 public shares outstanding valued at $10.00 per share (2) - Daseke cash utilized for payment of deferred financing fees and transaction costs (3) - includes payment of $59 accrued interest recognized in interest expense (4) - includes payment of $422 accrued interest recognized in interest expense (5) - includes payment of $731 accrued interest recognized in interest expense (6) - includes payment of $745 accrued interest recognized in interest expense (7) - excludes $81 paid subsequent to the Closing (8) - Hennessy repurchased Private Daseke shares held by Main Street Capital II, LP, Main Street Mezzanine Fund, LP, Main Street Capital Corporation, Prudential Capital Partners IV, L.P., Prudential Capital Partners (Parallel Fund) IV, L.P. and Prudential Capital Partners Management Fund IV, L.P. (9) - $0.8 million and $0.4 million expensed in fourth quarter 2016 and first quarter 2017, respectively The Business Combination was accounted for as a reverse merger in accordance with GAAP. Under this method of accounting, Hennessy is treated as the “acquired” company. This determination was primarily based on Private Daseke comprising the ongoing operations of the combined company, Private Daseke’s senior management comprising the senior management of the combined company, and Private Daseke stockholders having a majority of the voting power of the combined company. For accounting purposes, Private Daseke is deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of Private Daseke (i.e., a capital transaction involving the issuance of stock by Hennessy for the stock of Private Daseke). Accordingly, the consolidated assets, liabilities and results of operations of Private Daseke are the historical financial statements of the combined company, and Hennessy’s assets, liabilities and results of operations are consolidated with Private Daseke beginning on the acquisition date. In connection with the Closing, Daseke, Inc. changed its name to Daseke Companies, Inc. and Hennessy Capital Acquisition Corp. II changed its name to Daseke, Inc. Daseke, Inc.’s common stock and warrants began trading under the ticker symbols DSKE and DSKEW, respectively, on February 28, 2017.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2017
BUSINESS COMBINATION
ACQUISITIONS	NOTE 3 – ACQUISITIONS The Company is a leading consolidator of the open-deck freight market in North America. From its inception in late 2008, the Company has successfully acquired more than 16 open-deck trucking companies. Negotiations and discussions with potential targets are an integral part of the Company’s operations, and the Company may be in varying stages of the acquisition process, from infancy to very mature, at any point in time. To date, the primary reason for each acquisition was to add resources and services in geographic areas, customers and markets that the Company wants to serve, resulting in recognized goodwill. The following is a summary of the preliminary allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s recent acquisitions (in thousands): (all amounts in United States dollars) Tennessee Moore Roadmaster Steel Belmont Freight Group Haulers R&R Steelman Schilli Big Freight Accounts receivable $ 240 $ 4,458 $ 9,806 $ 20,207 $ 5,129 $ 4,383 $ 8,616 $ 4,914 Parts supplies — 312 231 — 149 90 1,681 212 Prepaid and other current assets 107 301 1,097 5,870 1,515 2,294 3,786 287 Property and equipment 1,548 21,978 36,854 8,705 16,887 11,100 41,423 11,492 Goodwill & Intangibles 3,527 36,477 75,203 59,206 26,686 14,708 14,992 10,925 Other long-term assets — 114 670 19,049 156 5,013 915 121 Deferred tax liabilities (645) (2,646) (10,666) (7,496) (8,922) (3,151) (16,157) (3,868) Accounts payable and other liabilities (243) (1,997) (26,764) (13,894) (3,362) (15,612) (27,896) (6,294) Total $ 4,534 $ 58,997 $ 86,431 $ 91,647 $ 38,238 $ 18,825 $ 27,360 $ 17,789 The aggregate purchase price noted above was allocated to the major categories of assets acquired and liabilities assumed at estimated fair values as of the acquisition date, which were based, in part, upon outside preliminary appraisals for certain assets and subject to change when additional information concerning final asset and liability values is obtained. The Company has not completed its assessments of the fair value of purchased intangible assets for the Belmont, Moore Freight Service, Roadmaster Group and Tennessee Steel Haulers acquisitions, and no value has been allocated to them at this time. The final purchase price allocations may result in adjustments to certain assets and liabilities, including the residual amount allocated to goodwill, however none of purchase price allocations for the above acquisitions are considered final as of December 31, 2017. Belmont On December 29, 2017 the Company acquired 100% of the outstanding equity interests of Belmont Enterprises, Inc. (Belmont) based in Olympia, Washington. Total consideration paid was $4.6 million in cash funded through the Company’s line of credit under the ABL Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Transaction expenses incurred in the acquisition, which are not deductible for tax purposes, were immaterial. Moore Freight Services On December 1, 2017 the Company acquired 100% of the outstanding equity interests of: (1) Moore Freight Service, Inc., (2) RT & L, LLC, (3) JD and Partners, LLC, (4) TM Transport and Leasing, LLC, and (5) Rand, LLC collectively (Moore Freight Services) based in Knoxville, Tennessee. Total consideration paid was $59.1 million, consisting of $35.1 million in cash and 145,129 shares of Daseke common stock valued at $1.8 million and $22.2 million of long-term debt repaid by the Company. The cash consideration was funded with cash on hand and the Term Loan Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.6 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. Roadmaster Group On December 1, 2017 the Company acquired 100% of the outstanding equity interests of Roadmaster Group, Inc. and subsidiaries, and Roadmaster Equipment Leasing, Inc. and all subsidiaries collectively the (Roadmaster Group) based in Phoenix, Arizona. Total consideration paid was $86.9 million, consisting of $37.5 million in cash and 3,114,247 shares of Daseke common stock valued at $39.1 million and $10.3 million of long-term debt repaid by the Company. The cash consideration was funded with cash on hand and the Term Loan Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.6 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. Tennessee Steel Haulers & Co. On December 1, 2017 the Company acquired 100% of the outstanding equity interests of: (1) Tennessee Steel Haulers, Inc., (2) Alabama Carriers, Inc., and (3) Fleet Movers Inc. collectively (TSH & Co.) based in Nashville, Tennessee. Total consideration paid was $91.9 million, consisting of $74.9 million in cash and 972,680 shares of Daseke common stock valued at $12.0 million and $5.0 million of long-term debt repaid by the Company. The cash consideration was funded with cash on hand and the Term Loan Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.5 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. R&R Trucking Holdings, LLC On September 1, 2017 the Company acquired 100% of the outstanding stock of R&R Trucking Holdings, LLC (R&R), based in Duenweg, Missouri. Total consideration paid was $38.4 million, consisting of $24.6 million in cash and the Company assumed and repaid of $13.8 million of long-term debt. The cash consideration was funded through a delayed draw on September 1, 2017 under the Term Loan Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.6 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. The Steelman Companies On July 1, 2017, the Company acquired 100% of the outstanding stock of The Steelman Companies (Steelman), based in Springfield, Missouri, for consideration of $18.8 million, consisting of $11.2 million in cash and 746,170 shares of Daseke common stock valued at $7.6 million. The fair value of the 746,170 shares issued was determined based on the closing price of the stock on the acquisition close date. The cash consideration was funded through cash on hand. The acquisition was a stock purchase under GAAP. A Section 338(h)(10) election is being filed for certain of the entities acquired which will deem those acquisitions as an asset purchase for tax purposes, therefore approximately $14.9 million of the values assigned to the intangible assets and goodwill are expected to be deductible for tax purposes. Approximately $0.3 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. Schilli Transportation Services, Inc. On May 1, 2017, the Company acquired 100% of the outstanding stock of Schilli Transportation Services, Inc. and certain of its affiliates (Schilli), based in Remington, Indiana. Total consideration paid was $27.4 million, consisting of $21.0 million in cash, 232,885 shares of Daseke common stock valued at $2.3 million and $4.0 million of long-term debt refinanced by the Company. The fair value of the 232,885 shares issued was determined based on the closing price of the stock on the acquisition close date. The cash consideration was funded through a delayed draw on May 1, 2017 under the Term Loan Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.4 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. Big Freight Systems, Inc. On May 1, 2017, the Company acquired 100% of the outstanding stock of Big Freight Systems, Inc. (Big Freight), based in Steinbach, Manitoba. Total consideration paid was $16.7 million consisting of $12.4 million in cash, 109,248 shares of Daseke common stock valued at $1.1 million and, the Company assumed approximately $3.2 million of outstanding debt. The fair value of the 109,248 shares issued was determined based on the closing price of the stock on the acquisition close date. Big Freight’s purchase agreement also contains an earn-out for additional cash consideration to be paid on the excess of each of 2017, 2018 and 2019’s earnings before interest, taxes, depreciation and amortization (EBITDA Amount) over 2016’s EBITDA Amount (as defined in the purchase agreement), multiplied by 0.4. A contingent liability of $1.1 million was included in the allocation of the purchase price for this earn-out. The cash consideration was funded through a delayed draw on May 1, 2017 under the Term Loan Facility and cash on hand. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.6 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. For the year ended December 31, 2017, revenue and net income of the acquired companies from their respective dates of acquisition was $154.0 million and $15.6 million, respectively. There were no acquisitions in 2016. Supplemental Pro Forma Information (Unaudited) The following supplemental pro forma financial information reflects the recent acquisitions as if they occurred on January 1, 2016. This pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved had the pro forma events taken place on January 1, 2016. Further, the pro forma financial information does not purport to project the future operating results of the consolidated company. Year Ended December 31, (unaudited) (In millions) 2017 2016 Pro forma revenues $ 1,294 $ 1,198 Pro forma net income (loss) $ 39 $

PREPAID AND OTHER CURRENT ASSET

PREPAID AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2017
PREPAID AND OTHER CURRENT ASSETS
PREPAID AND OTHER CURRENT ASSETS	NOTE 4 – PREPAID AND OTHER CURRENT ASSETS The components of prepaid expenses and other current assets are as follows as of December 31 (in thousands): 2017 2016 Other assets $ 12,225 $ 6,358 Insurance 7,642 2,246 Other prepaids 2,948 1,104 Licensing, permits and tolls 4,096 2,772 Highway and fuel taxes 1,238 1,024 Total $ 28,149 $ 13,504

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2017
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	NOTE 5 – GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the years ended December 31, 2017 and 2016 are as follows (in thousands): Flatbed Specialized Total Goodwill balance at January 1, 2016 $ 45,794 $ 42,817 $ 88,611 Impairment — (442) (442) Goodwill acquired and adjustments to previously recorded goodwill 866 — 866 Goodwill balance at December 31, 2016 46,660 42,375 89,035 Impairment — — — Goodwill acquired and adjustments to previously recorded goodwill 59,206 153,849 213,055 Foreign currency translation adjustment — 612 612 Goodwill balance at December 31, 2017 $ 105,866 $ 196,836 $ 302,702 In December 2016, the Company identified and recorded a $0.9 million increase to goodwill and deferred tax liabilities related to the initial purchase accounting of Hornady Truck Lines, Inc., which the Company acquired in August 2015. The impact of this adjustment was not material to the prior year’s financial statements or as of and for the three months and year ended December 31, 2016. Intangible assets consisted of the following at December 31, 2017 and 2016 (in thousands): As of December 31, 2017 As of December 31, 2016 Intangible Accumulated Intangible Intangible Accumulated Intangible Assets Amortization Assets, net Assets Amortization Assets, net Non-competition agreements $ 12,230 $ (5,765) $ 6,465 $ 8,350 $ (3,929) $ 4,421 Customer relationships 69,090 (23,921) 45,169 56,210 (19,078) 37,132 Trade names 41,180 — 41,180 30,100 — 30,100 Foreign currency translation adjustment 306 — 306 — — — Total intangible assets $ 122,806 $ (29,686) $ 93,120 $ 94,660 $ (23,007) $ 71,653 As of December 31, 2017, non-competition agreements and customer relationships had weighted average remaining useful lives of 2.64 and 8.47 years, respectively. See Note 3 for more information on intangible assets acquired. Amortization expense for intangible assets with definite lives was $6.7 million, $6.0 million and $5.2 million for the years ended December 31, 2017, 2016 and 2015, respectively. Future estimated amortization expense is as follows (in thousands): Non-competition Customer Year ending December 31, Agreements Relationships 2018 $ 2,154 $ 5,399 2019 2,019 5,399 2020 1,198 5,399 2021 776 5,399 2022 318 5,399 Thereafter — 18,174 Total $ 6,465 $ 45,169

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2017
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	NOTE 6 – PROPERTY AND EQUIPMENT The components of property and equipment are as follows at December 31 (in thousands): 2017 2016 Revenue equipment $ 544,876 $ 398,394 Buildings and improvements 53,366 43,000 Furniture and fixtures, office and computer equipment and vehicles 20,805 14,421 619,047 455,815 Accumulated depreciation (189,408) (137,068) Total $ 429,639 $ 318,747 Depreciation expense on property and equipment was $70.2 million, $61.5 million and $58.4 million for the years ended December 31, 2017, 2016 and 2015, respectively.

SALES-TYPE LEASES

SALES-TYPE LEASES	12 Months Ended
	Dec. 31, 2017
SALES-TYPE LEASES
SALES-TYPE LEASES	NOTE 7 – SALES-TYPE LEASES The components of the net investment in sales-type leases at December 31, 2017 and 2016 are as follows (in thousands): 2017 2016 Minimum lease receivable $ 62,587 $ 21,055 Deferred gain (9,352) (3,049) Net minimum lease receivable 53,235 18,006 Unearned interest income (10,432) (3,671) Net investment in sales-type leases 42,803 14,335 Current portion (10,979) (3,516) $ 31,824 $ 10,819 The long-term portion of sales-type leases is classified in other long-term assets on the consolidated balance sheets at December 31, 2017 and 2016. Gain or loss on disposition of revenue equipment leased to owner-operators is included as a component of purchased freight in the consolidated statements of operations and comprehensive income (loss). For the years ended December 31, 2017, 2016 and 2015, the gain totaled approximately $1.4 million, $0.8 million and $0.5 million, respectively. Future minimum lease receipts are as follows (in thousands): Year ending December 31, Amount 2018 $ 10,979 2019 10,597 2020 9,279 2021 5,231 2022 5,298 Thereafter 1,419 Total $ 42,803

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2017
ACCRUED EXPENSES AND OTHER LIABILITIES
ACCRUED EXPENSES AND OTHER LIABILITIES	NOTE 8 – ACCRUED EXPENSES AND OTHER LIABILITIES The components of accrued expenses and other liabilities are as follows at December 31 (in thousands): 2017 2016 Brokerage and escorts $ 6,264 $ 3,559 Unvouchered payables 4,156 2,587 Other accrued expenses 4,977 3,956 Owner operator deposits 8,431 2,032 Interest 540 1,705 Dividends — 1,209 Fuel 1,130 711 Fuel taxes 378 345 $ 25,876 $ 16,104

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2017
LONG-TERM DEBT.
LONG-TERM DEBT	NOTE 9 – LONG-TERM DEBT Long-term debt consists of the following at December 31 (in thousands): 2017 2016 Senior debt Line of credit $ 4,561 $ 6,858 Term loan facility 498,462 — Senior term loan — 125,682 Equipment term loans 126,227 111,882 Real estate term loan — 13,772 Capital leases 5,757 13,818 Total senior debt 635,007 272,012 Less current portion (43,056) (52,665) Less unamortized debt issuance costs (17,650) (4,117) Long-term portion 574,301 215,230 Subordinated debt Main Street Capital Corporation — 21,660 Prudential Capital Partners — 21,492 LST Seller notes — 22,000 DTR Seller notes — 1,000 BHE Seller notes — 291 Total subordinated debt — 66,443 Total long-term debt $ 574,301 $ 281,673 Term Loan Facility In conjunction with the close of the Business Combination on February 27, 2017, the Company entered into the $350.0 million Term Loan Facility under a loan agreement with Credit Suisse AG, Cayman Islands Branch, as administrative agent, and the lenders party thereto. The Term Loan Facility consists of (i) a $250.0 million term loan funded on the closing date of the Term Loan Facility (the Closing Date Term Loan); and (ii) up to $100.0 million of term loans to be funded from time to time under a delayed draw feature available until February 27, 2018. The size of the Term Loan Facility could increase from time to time pursuant to an uncommitted incremental facility in an aggregate amount for all such incremental loans and commitments up to the sum of (a) $65.0 million and (b) an uncapped amount based on the maximum first lien, secured and total leverage ratio-based formulas depending upon the security and ranking of the relevant incremental facility. The proceeds from the Closing Date Term Loan were used to partially refinance certain of the Company’s capital leases, purchase money debt, equipment and real estate financings and to pay transaction costs associated with the Business Combination and refinance the Line of Credit and the Senior Term Loan. The Term Loan Facility has a scheduled maturity date of February 27, 2024. Term loans under the Term Loan Facility are, at the Company’s election from time to time, comprised of alternate base rate loans (an ABR Borrowing) or adjusted LIBOR loans (a Eurodollar Rate Borrowing), with the applicable margins of interest being an alternate base rate (subject to a 2.00% floor) plus 4.50% per annum through November 28, 2017, amended to 4.00% on that date for ABR Borrowings and LIBOR (subject to a 1.00% floor) plus 5.50% per annum through November 28, 2017, amended to 5.00% on that date for Eurodollar Rate Borrowings. At December 31, 2017, the average interest rate on the Term Loan Facility was 6.5%. On August 16, 2017, the Company obtained an amendment of the Term Loan facility that increased the delayed draw incurrence condition relating to pro forma total leverage ratio to 4.25x from 3.5x, effective August 15, 2017 through the maturity of the delayed draw Term Loan Facility in February 2018, which enabled the Company to access $60.5 million from the delayed draw Term Loan Facility. On November 28, 2017, the Term Loan Facility was amended to provide for a $150.0 million tack-on to the existing Term Loan Facility. The Term Loan Facility is secured by all assets of the Company, except those assets collateralizing equipment and certain real estate lenders debt and subject to certain customary exceptions. As amended, on August 16, 2017, the Term Loan Facility contains a financial covenant requiring the Company to maintain a consolidated total leverage ratio as of the last day of any fiscal quarter of less than or equal to 4.25 to 1.00 commencing on June 30, 2017, stepping up to 4.75 to 1.00 on September 30, 2017, stepping down to 4.25 to 1.00 on March 31, 2018, stepping down to 4.00 to 1.00 on March 31, 2019 and stepping down to 3.75 to 1.00 on March 31, 2021. Additionally, as amended, the Term Loan Facility contains a pro forma total leverage ratio of less than or equal to 4.25 to 1.00 for term loans funded from the delayed draw feature. The consolidated total leverage ratio is defined as the ratio of (i) consolidated total debt minus unrestricted cash and cash equivalents and cash and cash equivalents restricted in favor of the administrative agent and the lenders, to (ii) consolidated adjusted EBITDA for the trailing 12 month period (with customary add-backs permitted to consolidated adjusted EBITDA, including in respect of synergies and cost-savings reasonably identifiable and factually supportable that are anticipated to be realized in an aggregate amount not to exceed 25% of consolidated adjusted EBITDA and subject to other customary limitations). The Term Loan Facility permits voluntarily prepayments of borrowings. In certain circumstances (subject to exceptions, exclusions and, in the case of excess cash flow, step-downs described below), the Company may also be required to make an offer to prepay the Term Loan Facility if it receives proceeds as a result of certain asset sales, debt issuances, casualty or similar events of loss, or if it has excess cash flow (defined as an annual amount calculated using a customary formula based on consolidated adjusted EBITDA, including, among other things, deductions for (i) the amount of certain voluntary prepayments of the Term Loan Facility and (ii) the amount of certain capital expenditures, acquisitions, investments and restricted payments). The percentage of excess cash flow that must be applied as a mandatory prepayment is 50% with respect to the initial excess cash flow period (the fiscal year ending on December 31, 2018) and will be 50%, 25% or 0% for future excess cash flow periods depending upon the first lien leverage ratio. The Term Loan Facility contains (i) certain customary affirmative covenants that, among other things, require compliance with applicable laws, periodic financial reporting and notices of material events, payment of taxes and other obligations, maintenance of property and insurance, and provision of additional guarantees and collateral, and (ii) certain customary negative covenants that, among other things, restrict the incurrence of additional indebtedness, liens on property, sale and leaseback transactions, investments, mergers, consolidations, liquidations and dissolutions, asset sales, acquisitions, the payment of distributions, dividends, redemptions and repurchases of equity interests, transactions with affiliates, prepayments and redemptions of certain other indebtedness, burdensome agreements, holding company limitations, changes in fiscal year and modifications of organizational documents. ABL Facility Also, in conjunction with the Closing on February 27, 2017, the Company entered into a five-year, senior secured asset-based revolving line of credit with an aggregate maximum credit amount equal to $70.0 million (subject to availability under a borrowing base equal to 85% of the Company’s eligible accounts receivable, 80% of the Company’s eligible unbilled accounts receivable and 50% of parts supplies) under a credit agreement with PNC Bank, National Association, as administrative agent and the lenders party thereto. The size of the ABL Facility could increase from time to time pursuant to an uncommitted accordion by an aggregate amount for all such increases of up to $30 million. The ABL Facility matures on February 27, 2022. The ABL Facility also provides for the issuance of letters of credit subject to certain restrictions and a sublimit of $20 million, as defined in the credit agreement. As of December 31, 2017, the Company had borrowings of $4.6 million and $11.5 million in letters of credit outstanding under the ABL Facility and could incur approximately $55.5 million of additional indebtedness under the ABL Facility. Borrowings under the ABL Facility bear interest at rates based upon the Company’s fixed charge coverage ratio and, at the Company’s election from time to time, either a base rate plus an applicable margin or an adjusted LIBOR rate plus an applicable margin. Margins on the ABL Facility are adjusted, if necessary to the applicable rates set forth in the following table corresponding to the fixed charge coverage ratio for the trailing 12 month period on the last day of the most recently completed fiscal quarter. Fixed Charge Coverage Ratio Base Rate Margins LIBOR Rate Margins Less than 1.25 to 1.00 2.25 % 3.25 % Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00 1.75 % 2.75 % Greater than or equal to 1.50 to 1.00, but less than 1.75 1.25 % 2.25 % Greater than or equal to 1.75 to 1.00 0.75 % 1.75 % The ABL Facility is secured by all of the Company’s United States based accounts receivable, parts supplies, cash and cash equivalents excluding proceeds of Term Loan Facility, securities and deposit accounts and other general assets not included in the Term Loan Facility collateral. The ABL Facility contains (i) a financial covenant similar to the consolidated total leverage ratio required under the Term Loan Facility (but, as amended on August 31, 2017, in any event requiring a leverage ratio of less than or equal to 4.75 to 1.00 for the fiscal quarter ended September 30, 2017, stepping down to 3.75 to 1.00 on March 31, 2021, in the same increments as the Term Loan Facility noted above) and (ii) during any period after a default or event of default or after excess availability falling below the greater of (x) $15.0 million and (y) 20% of the maximum credit amount, continuing until such time as no default or event of default has existed and excess availability has exceeded such amounts for a period of 60 consecutive days, a financial covenant requiring the Company to maintain a minimum consolidated fixed charge coverage ratio of 1.00x, tested on a quarterly basis. The Company’s fixed charge coverage ratio is defined as the ratio of (1) consolidated adjusted EBITDA minus unfinanced capital expenditures, cash taxes and cash dividends or distributions, to (2) the sum of all funded debt payments for the four quarter period then ending (with customary add-backs permitted to consolidated adjusted EBITDA). The ABL Facility contains affirmative and negative covenants similar to those in the Term Loan Facility, together with such additional terms as are customary for a senior secured asset-based revolving credit facility. As of December 31, 2017, the Company was in compliance with all covenants contained in the Term Loan and ABL Facilities. Line of Credit and Senior Term Loan Prior to the Closing, the Company had a credit facility under a credit agreement with PNC, as agent, and other lenders party thereto (the PNC Credit Agreement), which included a revolving line of credit and a term loan. In August 2016, the PNC Credit Agreement was amended, increasing the borrowing capacity to an aggregate $212.1 million from $150.0 million, consisting of a $75.0 million revolving line of credit and a $137.1 million senior term loan. In conjunction with the amendment, the Company refinanced $73.0 million of equipment notes with various lenders under the PNC Credit Agreement. The line of credit was subject to a borrowing base equal to 85% of the Company’s eligible accounts receivable, 80% of the Company’s eligible unbilled accounts receivable and 50% of parts supplies. As of December 31, 2016, borrowings on the line of credit bore interest at either (a) the Libor Rate (as defined in the credit agreement), plus a margin of 3.25%, or (b) the Base Rate (as defined in the credit agreement), plus a margin of 2.25%. The PNC revolving credit facility also provided for the issuance of up to $10 million in letters of credit. As of December 31, 2016, the Company had outstanding letters of credit thereunder totaling $4.1 million. Total availability under the line of credit was $33.0 million as of December 31, 2016. At December 31, 2016, the average interest rate on the line of credit was 4.5%. As of December 31, 2016, the Senior Term Loan was due in monthly installments of $1,690,154, plus applicable interest at either (a) the Libor Rate (as defined in the credit agreement), plus a margin of 4.00%, or (b) the Base Rate (as defined in the PNC Credit Agreement), plus a margin of 3.00%. At December 31, 2016, the average interest rate on the Senior Term Loan was 4.4%. Prior to the amendment in August 2016, debt on the Senior Term Loan had interest rates of either (a) the Libor Rate (as defined in the credit agreement), plus a margin of 3.75%, or (b) the Base Rate (as defined in the credit agreement), plus a margin of 2.75%. Margins on the line of credit and Senior Term Loan were adjusted, if necessary to the applicable rates set forth in the following table corresponding to the fixed charge coverage ratio for the trailing twelve month period on the last day of the most recently completed fiscal quarter. Base Rate Margins LIBOR Rate Margins Fixed Charge Coverage Ratio Line of Credit Senior Term Loan Line of Credit Senior Term Loan Less than 1.25 to 1.00 2.25 % 3.00 % 3.25 % 4.00 % Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00 1.75 % 2.50 % 2.75 % 3.50 % Greater than or equal to 1.50 to 1.00, but less than 1.75 1.25 % 2.00 % 2.25 % 3.00 % Greater than or equal to 1.75 to 1.00 0.75 % 1.50 % 1.75 % 2.50 % The PNC Credit Agreement also contained a subjective acceleration clause, which permitted the lender to demand payment in the event of a material adverse change. Only the scheduled principal payments are being presented in the current portion of long-term obligations as the lender did not exercise the acceleration clause. Borrowings under the PNC Credit Agreement were secured by all assets of the Company, except those assets collateralizing equipment and certain real estate lenders debt. The PNC Credit Agreement contained certain financial covenants, including a minimum fixed charge coverage ratio, a senior secured debt to consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) ratio and a funded debt to consolidated EBITDA ratio. Additionally, the PNC Credit Agreement contained negative covenants limiting, among other things, additional indebtedness, transactions with affiliates, additional liens, sales of assets, dividends, investments and advances, prepayments of debt, mergers and acquisitions, and other matters customarily restricted in such agreements. As of December 31, 2016, the Company was in compliance with all covenants contained in the PNC Credit Agreement. The PNC Credit Agreement contained a required principal payment based on excess cash flow (as defined) beginning in fiscal 2016 and due 15 days following the delivery of the audited financial statements to PNC. No excess cash flow payment was required prior to refinancing in conjunction with the Business Combination. Equipment Term Loans and Mortgages As of December 31, 2017, the Company had term loans collateralized by equipment in the aggregate amount of $121.8 million with thirty (30) lenders (Equipment Term Loans). The Equipment Term Loans bear interest at rates ranging from 1.5% to 10.8%, require monthly payments of principal and interest and mature at various dates through January 2028. Certain of the Equipment Term Loans contain conditions, covenants, representations and warranties, events of default, and indemnification provisions applicable to the Company and certain of its subsidiaries that are customary for equipment financings, including, but not limited to, limitations on the incurrence of additional debt and the prepayment of existing indebtedness, certain payments (including dividends and other distributions to persons not party to its credit facility) and transfers of assets. The Company had a construction loan with a balance of $8.8 million incurred to finance the construction of a new headquarters and terminal in Arlington, Washington which was repaid in February 2017 in conjunction with the Business Combination. See Note 2 for additional details on the Business Combination. The construction loan was collateralized by such property and buildings. The initial principal amount on February 19, 2015 of $7.8 million was increased on April 26, 2016 to $8.8 million. The construction loan earned interest at 3.25% payable monthly. As of December 31, 2017, the Company has a bank mortgage loan with a balance of $3.7 million incurred to finance the construction of the headquarters and terminal in Redmond, Oregon. The mortgage loan is collateralized by such property and buildings. The mortgage is payable in monthly installments of $15,776, including interest at 3.7% through November 2020. The interest rate and monthly payments will be adjusted on November 1, 2020 to a rate of 2.5%, plus the three-year advance rate published by the Federal Home Loan Bank of Seattle in effect 45 days prior to November 1, 2020 (which will not be less than 3.7%). The bank mortgage loan matures November 1, 2023. Real Estate Term Loan In April 2016, the Company refinanced $14.2 million of its Line of Credit with bank debt (Real Estate Term Loan) utilizing nine wholly-owned real estate assets which previously served as collateral on the PNC Term Loan. The Real Estate Term Loan was subordinate to the PNC Credit Agreement and Equipment Term Loans and was due in monthly installments of $59,109 (based on 20 year amortization schedule), plus applicable interest at either (a) the Libor Rate (as defined in the loan agreement), plus a margin of 2.75%, or (b) the Default Rate (as defined in the loan agreement). The Company incurred debt issuance costs of $0.4 million, which were being amortized to interest expense over five years using the straight-line method. In conjunction with the Business Combination, the Real Estate Term Loan was repaid and all unamortized debt issuance costs written off to interest expense. See Note 2 for additional details on the Business Combination. Capital Leases The Company leases certain equipment under long-term capital lease agreements that expire on various dates through June 2024. As of December 31, 2017 and 2016, the book value of the property and equipment recorded under capital leases was $7.0 million and $24.1 million, net of accumulated depreciation of $5.8 million and $17.0 million, respectively. Depreciation expense related to lease equipment was $2.6 million, $7.0 million and $6.0 million for the years ended December 31, 2017, 2016 and 2015, respectively. Main Street Capital Corporation In 2013, Main Street Capital Corporation (Main Street) loaned the Company $20.0 million under a senior subordinated secured term loan (the Main Street Loan). The Main Street Loan was subordinate to the PNC Credit Agreement and Equipment Term Loans. Interest payments were due monthly through maturity at the rate of 12% per annum. Paid-in kind (PIK) interest, at a rate of 2.5% per annum, could have been paid monthly or accrued and added to the principal balance quarterly, at the option of the Company. For the years ended December 31, 2017 and 2016, $0.1 million and $0.5 million, respectively, of accrued PIK interest was added to the principal balance and accrued PIK interest of $0.1 million was recorded in accrued expenses as of December 31, 2016. In conjunction with Business Combination, the Main Street Loan was repaid in February 2017. See Note 2 for additional details on the Business Combination. Prudential Capital Partners In 2013, the Company issued senior secured subordinated promissory notes in the initial aggregate principal amount of $20.0 million (PCP Subordinated Notes) to Prudential Capital Partners IV, L.P., Prudential Capital Partners (Parallel Fund) IV, L.P. and Prudential Capital Partners Management Fund IV, L.P. (collectively, the PCP Investors) pursuant to the Securities Purchase Agreement, dated as of November 12, 2013, by and among the Company, certain of its subsidiaries and the PCP Investors. The PCP Subordinated Notes were subordinate to the PNC Credit Agreement and Equipment Term Loans. Interest payments were due monthly through maturity at the rate of 12% per annum. PIK interest, at a rate of 2.5% per annum, could have been paid monthly or accrued and added to the principal balance quarterly, at the option of the Company. For the years ended December 31, 2017 and 2016, $0.1 million and $0.5 million, respectively, of accrued PIK interest was added to the principal balance and $0.1 million accrued PIK interest was recorded in accrued expenses as of December 31, 2016. In conjunction with Business Combination, the PCP Subordinated Notes were repaid in February 2017. See Note 2 for additional details on the Business Combination. The Main Street Loan and the PCP Subordinated Notes (Subordinated Debt) were collateralized by all assets of the Company, except those assets collateralizing the Equipment Term Loans. The Main Street Loan and the PCP Subordinated Notes contained certain financial covenants, including a minimum fixed charge coverage ratio, a senior secured debt to consolidated EBITDA ratio and a funded debt to consolidated EBITDA ratio. Additionally, they contained negative covenants limiting, among other things, additional indebtedness, capital expenditures, transactions with affiliates, additional liens, sales of assets, dividends, investments and advances, prepayments of debt, mergers and acquisitions, and other matters customarily restricted in such agreements. The Main Street Loan and the PCP Subordinated Notes were subject to a make-whole payment of 5.0% of the prepayment amount if such prepayment was made before the third anniversary of the agreements. LST Seller As part of the consideration paid to the seller of Lone Star Transportation, LLC and affiliates (LST), Daseke Lone Star, Inc. (a subsidiary of the Company) issued $22.0 million of subordinated notes (the LST Seller Notes). The LST Seller Notes bore interest at 10% payable monthly and were subordinate to the PNC Credit Agreement, Main Street Loan and PCP Subordinated Notes. In conjunction with the Business Combination, the LST Seller Notes were repaid in February 2017. See Note 2 for additional details on the Business Combination. DTR Sellers As part of the consideration paid to the sellers of Davenport Transport & Rigging, LLC, LST issued $1.0 million of subordinated notes (the DTR Seller Notes). The DTR Seller Notes bore interest at 5% payable monthly and were subordinate to the PNC Credit Agreement, Main Street Loan and PCP Subordinated Notes. In conjunction with Business Combination, the DTR Seller Notes were repaid in February 2017. See Note 2 for additional details on the Business Combination. BHE Sellers As part of the consideration paid to the sellers of Bulldog Hiway Express (BHE), the Company issued $2.0 million of subordinated notes (the BHE Seller Notes). The BHE Seller Notes bore interest at 7% payable monthly. On December 19, 2016, a portion of the outstanding principal amount under the BHE Seller Notes was forgiven in exchange for the payment by the Company of certain pension liabilities of BHE. The BHE Seller Notes were subordinate to the PNC Credit Agreement and the Main Street Loan and the PCP Subordinated Notes. In conjunction with Business Combination, the BHE Seller Notes were repaid in February 2017. See Note 2 for additional details on the Business Combination. Future principal payments on long-term debt are as follows (in thousands): Year ending December 31, Term Loan Facility Equipment Term Loans Capital Total 2018 $ 4,985 $ 35,842 $ 2,516 $ 43,343 2019 2,500 37,623 1,673 41,796 2020 2,500 24,488 994 27,982 2021 2,500 14,430 712 17,642 2022 2,500 7,551 167 10,218 Thereafter 483,477 6,293 275 490,045 Total minimum lease payments 6,337 Loan amount attributable to interest (580) (580) Total (Present value of minimum lease payments on capital leases) $ 498,462 $ 126,227 5,757 $ 630,446 Less current portion (2,516) Long-term capital leases $ 3,241

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
INCOME TAXES
INCOME TAXES	NOTE 10 – INCOME TAXES The components of the Company’s United States and foreign provision for income taxes were as follows for the years ended December 31 (in thousands): 2017 2016 2015 Current: Federal $ (47) $ (70) $ — State 1,258 582 456 Total current taxes 1,211 512 456 Deferred: Federal (51,388) (1,139) 6,430 State (1,863) 790 577 Foreign (242) — — Total deferred taxes (53,493) (349) 7,007 Provision (benefit) for income taxes $ (52,282) $ 163 $ 7,463 A reconciliation between the effective income tax rate and the United States statutory income tax rate for the years ended December 31, 2017, 2016 and 2015 is as follows (in thousands): 2017 2016 2015 Income tax expense (benefit) at United States statutory income tax rate $ (8,850) $ (4,241) $ 3,754 Federal income tax effects of: State income tax expense (333) 370 1,208 Foreign taxes (242) — — Foreign tax rate differential 107 — — Per diem and other nondeductible expenses 3,198 3,434 1,187 Cumulative effect of change in effective tax rate (46,068) 522 1,261 Tax credits (47) (70) — Other (47) 148 53 Provision (benefit) for income taxes $ (52,282) $ 163 $ 7,463 Effective tax rate 206.8 % (1.3) % 69.6 % The increase in the effective tax rate for the year ended December 31, 2017 compared to the year ended December 31, 2016 is primarily the result of a one-time tax benefit related to changes in future tax rates on net deferred tax liabilities as a result of the enactment of the Tax Cuts and Jobs Act (TCJA) in December 2017. The decrease in the effective tax rate for the year ended December 31, 2016 compared to the year ended December 31, 2015 is primarily the result of an increase in nondeductible permanent differences related to driver per diems, nondeductible transaction expenses and the cumulative change in the state income tax rate applied to the beginning net deferred tax liabilities balance. United States Tax Reform On December 22, 2017, the United States government enacted the TCJA comprehensive tax reform legislation Financial statement impacts include adjustments for, among other things, the remeasurement of deferred tax assets and liabilities. United States GAAP accounting for income taxes requires that the Company record the impacts of any tax law change on deferred income taxes in the quarter that the tax law change is enacted. Due to the complexities involved in accounting for the enactment of TCJA, SEC Staff Accounting Bulletin 118 allows the Company to provide a provisional estimate of the impacts of the TCJA in the Company’s earnings for the fourth quarter and year ended December 31, 2017. Accordingly, based on currently available information, the Company was able to reasonably estimate the impact of the TCJA and has recorded a provisional income tax benefit for the reduction in net deferred income tax liabilities of approximately $46.0 million due to the remeasurement of net United States deferred tax liabilities at the lower 21% United States federal corporate income tax rate. Additionally, the Company has reasonably estimated stock compensation and 162(m) limitations and unremitted foreign earnings resulting in no adjustment on a provisional basis. The effects of temporary differences that give rise to significant elements of deferred tax assets and liabilities at December 31, 2017 and 2016 were as follows (in thousands): 2017 2016 Deferred tax assets (liabilities) Accrued expenses $ 3,977 $ 5,623 Vacation accrual 527 329 Accounts receivable 103 126 Prepaid expenses (2,700) (2,102) Net operating losses 11,199 14,941 Property and equipment (83,642) (91,149) Intangible assets (17,246) (21,020) Sales-type leases 1,233 874 481(a) adjustment (2,213) (446) Interest rate swap — 9 Deferred start-up costs 1,502 — Stock compensation expense 452 — Foreign liabilities (3,626) — Total deferred tax liabilities $ (90,434) $ (92,815) At December 31, 2017, the Company has United States federal and state net operating loss carry forwards of approximately $41.1 million and $69.3 million, respectively, which begin to expire in 2022. The Company had no uncertain tax positions as of December 31, 2017 and 2016. The Company is no longer subject to United States federal income tax examinations by tax authorities for years before 2014. The Company is no longer subject to state income tax examinations by tax authorities for years before 2013.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 11 – RELATED PARTY TRANSACTIONS Related Party Debt As described in Note 9, the Company issued Subordinated Debt to Main Street and PCP Investors. Both lenders were stockholders of the Company. For the years ended December 31, 2017, 2016 and 2015, Main Street received interest payments of $0.5 million, $2.6 million and $2.5 million, respectively. Accrued interest was $0.4 million as of December 31, 2016. For the years ended December 31, 2017, 2016 and 2015, PCP Investors received interest payments of $0.5 million, $2.6 million and $2.5 million, respectively. Accrued interest was $0.4 million as of December 31, 2016. In conjunction with Business Combination, the Main Street Loan and the PCP Subordinated Notes were both repaid in February 2017. See Note 2 for additional details on the Business Combination. As disclosed in Note 9, the LST seller received subordinated notes as partial consideration. Interest paid to the LST seller was $0.4 million for the year ended December 31, 2017 and $2.2 million for the years ended December 31, 2016 and 2015. Accrued interest was $0.2 million as of December 31, 2016. In conjunction with the Business Combination, the LST Seller Notes were repaid in February 2017. See Note 2 for additional details on the Business Combination. As disclosed in Note 9, the BHE Sellers received subordinated notes as partial consideration. Interest paid to the BHE sellers was $0.1 million for the year ended December 31, 2016 and the period from July 1, 2015 to December 31, 2015. Interest paid for the year ended December 31, 2017 was immaterial. In conjunction with Business Combination, the BHE Seller Notes were repaid in February 2017. See Note 2 for additional details on the Business Combination. Related Party Leases The Company leases certain office facilities, terminals and revenue equipment from entities owned or partially owned by stockholders or employees on month-to-month and long term operating leases. Total lease expense related to these leases was $1.9 million, $0.9 million and $1.2 million for the years ended December 31, 2017, 2016 and 2015, respectively. Future minimum lease payments under non-cancelable related party operating leases are as follows: Revenue Office and Year ending December 31, Equipment Terminals 2018 $ 110 $ 2,597 2019 110 2,590 2020 93 2,484 2021 8 2,325 2022 — 2,499 Thereafter — 7,414 Total $ 321 $ 19,909 Other Related Party Transactions A stockholder has a 1% investment in an entity that is also a vendor. Total amounts paid to this vendor for product and subscription purchases were approximately $0.6 million, $0.8 million and $0.5 million for the years ended December 31, 2017, 2016 and 2015, respectively. Amounts due to the vendor as of December 31, 2017 and 2016 totaled approximately $10,000 and $20,000, respectively. The Company does business with an entity in which two stockholders are minority owners. Revenue received from this customer totaled approximately $0.4 million, $0.5 million and $0.4 million for the years ended December 31, 2017, 2016 and 2015, respectively. Accounts receivable due from this entity totaled approximately $53,000 and $27,000 as of December 31, 2017 and 2016, respectively. Additionally, the Company does business with a carrier owned by a stockholder’s spouse. Revenue received from this carrier totaled approximately $0.2 million for the year ended December 31, 2017. There was no revenue received from this carrier for the years ended December 31, 2016 or 2015.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2017
STOCKHOLDERS’ EQUITY
STOCKHOLDERS’ EQUITY	NOTE 12 – STOCKHOLDERS’ EQUITY Common Stock Common stock has voting rights – one vote for each share of common stock. On September 19, 2017, the Company and certain stockholders of the Company (the Selling Stockholders) entered into an underwriting agreement (the Underwriting Agreement) with Stifel, Nicolaus & Company, Incorporated and Cowen and Company, LLC, as representatives of the several underwriters named therein (collectively, the Underwriters), in connection with an underwritten public offering (the Offering) of 5,292,000 shares of the Company’s common stock, par value $0.0001 per share, including 4,882,167 shares of common stock to be sold by the Company and 409,833 shares of common stock to be sold by the Selling Stockholders, at a price to the public of $12.00 per share ($11.34 per share net of underwriting discounts and commissions). Pursuant to the Underwriting Agreement, the Company granted the Underwriters a 30-day option to purchase up to an additional 793,800 shares of common stock, which was exercised in full on September 20, 2017 and closed simultaneously with the Offering on September 22, 2017. Net proceeds received by the Company from its sale of 5,675,967 shares of common stock were approximately $63.6 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. As described in the prospectus supplement, dated September 19, 2017, filed with the SEC on September 20, 2017, the Company intends to use the net proceeds from the Offering for general corporate purposes, which may include, among other things, working capital, capital expenditures, debt repayment or refinancing or the financing of possible future acquisitions. As of December 31, 2017, the Company has approximately 1.8 million shares of common stock reserved for future issuances of stock options and restricted stock units under the Company’s 2017 Omnibus Incentive Plan. See Note 13 for additional details about the Company’s stock-based compensation plan. Preferred Stock At the Closing, the Company issued 650,000 shares of Series A Preferred Stock for cash of $65.0 million. Proceeds from the sales were part of the consideration received as part of a recapitalization and reverse acquisition completed in the Business Combination. See Note 2 for additional details about the Business Combination. The par value of Series A Preferred Stock is $0.0001 per share. Additional features of this preferred stock are as follows: Under the Certificate of Designations, Preferences, Rights and Limitations of the Series A Preferred Stock (the Certificate of Designations), each share of Series A Preferred Stock will be convertible, at the holder’s option at any time, initially into approximately 8.6957 shares of the Company’s common stock (assuming a conversion price of approximately $11.50 per share), subject to specified adjustments as set forth in the Certificate of Designations. If any holder elects to convert its Series A Preferred Stock after the seven-year anniversary of the issue date, if the then-current Conversion Price (as defined in the Certificate of Designations) exceeds the Weighted Average Price (as defined in the Certificate of Designations) for the common stock during any ten consecutive Trading Days (as defined in the Certificate of Designations), at its option by delivery of a Notice of Conversion in accordance with Section 8(b) of the Certificate of Designations no later than five business days following such tenth consecutive Trading Day, to convert any or all of such holder’s shares of Series A Preferred Stock into, at the Company’s sole discretion, either common stock, cash or a combination of common stock and cash; provided, that the Company shall provide such converting holder notice of its election within two Trading Days of receipt of the Notice of Conversion; provided further, that in the event the Company elects to issue common stock for all or a portion of such conversion, the Conversion Rate for such conversion (subject to the limitations set forth in Section 11 of the Certificate of Designations) shall mean the quotient of the Liquidation Preference (as defined in the Certificate of Designations) divided by the average Weighted Average Price for the common stock during the 20 consecutive Trading Days commencing on the Trading Day immediately following the Trading Day on which the Company provided such notice. If the Company does not elect a settlement method prior to the deadline set forth in the Certificate of Designations, the Company shall be deemed to have elected to settle the conversion entirely in common stock. Based on the assumed conversion rate, a total of 5,652,173 shares of Common Stock would be issuable upon conversion of all of the currently outstanding shares of Series A Preferred Stock. On or after the third anniversary of the initial issuance date but prior to the fifth anniversary of the initial issuance date, the Company will have the right, at its option, to give notice of its election to cause all outstanding shares of the Series A Preferred Stock to be automatically converted into shares of the Company’s common stock at the then-effective conversion rate, if the Weighted Average Price of Company’s common stock equals or exceeds 140% of the then-current conversion price for at least 20 trading days (whether or not consecutive) in a period of 30 consecutive trading days. On or after the fifth anniversary of the initial issuance date but prior to the seventh anniversary of the initial issuance date, the Company will have the right, at its option, to give notice of its election to cause all outstanding shares of the Series A Preferred Stock to be automatically converted into shares of Company’s common stock at the then-effective conversion rate, if the Weighted Average Price of Company’s common stock equals or exceeds 115% of the then-current conversion price for at least 20 trading days (whether or not consecutive) in a period of 30 consecutive trading days. On or after the seventh anniversary of the initial issuance date, the Company will have the right, at its option, to give notice of its election to cause all outstanding shares of the Series A Preferred Stock to be automatically converted into shares of Company’s common stock at the then-effective conversion rate, if the Weighted Average Price of Company’s common stock equals or exceeds the then-current conversion price for at least 10 consecutive trading days. If the Company undergoes certain fundamental changes (as more fully described in the Certificate of Designations but including, among other things, certain change-in-control transactions, recapitalizations, asset sales and liquidation events), each outstanding share of Series A Preferred Stock may, within 15 days following the effective date of such fundamental change and at the election of the holder, be converted into Company’s common stock at a conversion rate (subject to certain adjustments) equal to (i) the greater of (A) the sum of the conversion rate on the effective date of such fundamental change plus the additional shares received by holders of Series A Preferred Stock following such fundamental change (as set forth in the Certificate of Designations) and (B) the quotient of (x) $100.00, divided by (y) the greater of (1) the applicable holder stock price and (2) 66 2/3% of the closing sale price of the Company’s common stock on the issue date plus (ii) the number of shares of Company’s common stock that would be issued if any and all accumulated and unpaid dividends were paid in shares of Company’s common stock. The Series A Preferred Stock contains limitations that prevent the holders thereof from acquiring shares of the Company’s common stock upon conversion that would result in (i) the number of shares beneficially owned by such holder and its affiliates exceeding 9.99% of the total number of shares of the Company’s common stock then outstanding or (ii) the Series A Preferred Stock being converted into more than 19.99% of the shares of the Company’s common stock outstanding on the initial issue date of the Series A Preferred Stock (subject to appropriate adjustment in the event of a stock split, stock dividend, combination or other similar recapitalization) without, in the latter instance, stockholder approval of such issuance. Additional features of the Series A Preferred Stock are as follows: a. Liquidation – In the event of liquidation, holders of Series A Preferred Stock have preferential rights to liquidation payments over holders of common stock. Holders of Series A Preferred Stock shall be paid out of the assets of the Company at an amount equal to $100 per share plus all accumulated and unpaid dividends. b. Dividends – Dividends on the Series A Preferred Stock are cumulative at the Dividend Rate. The “Dividend Rate” is the rate per annum of 7.625% per share of Series A Preferred Stock on the liquidation preference ($100 per share). Dividends are payable quarterly in arrears in cash or, at the Company’s election and subject to the receipt of the necessary shareholder approval (to the extent necessary), in shares of the Company’s common stock. The Company’s board of directors declared quarterly dividends of $0.68 per share on April 24, 2017, and $1.91 per share on July 18, 2017, which were both then paid on July 28, 2017. On October 17, 2017 the Company’s board of directors declared a quarterly dividend of $1.91 per share, which was paid on October 20, 2017. On November 19, 2017 the Company’s board of directors declared a quarterly dividend of $1.91 per share, which was paid on December 15, 2017. There were no accrued dividends as of December 31, 2017. c. Voting rights – Except as required by Delaware law, holders of the Series A Preferred Stock will have no voting rights except with respect to the approval of any material and adverse amendment to the Company’s certificate of incorporation, and certain significant holders of Series A Preferred Stock may have approval rights with respect to certain key economic terms of the Series A Preferred Stock, as set forth in the Certificate of Designations. As of December 31, 2016, 64,500 shares of Series B Preferred Stock were issued and outstanding. Private Daseke’s board of directors declared quarterly dividends on the Series B Preferred Stock of $18.75 per share on October 13, 2016 and $12.50 per share on February 21, 2017. Both the October 13, 2016 and February 21, 2017 dividends were paid on February 27, 2017. As of December 31, 2016, accrued dividends of $1.2 million were recorded in accrued expenses and other liabilities. In February 2017, in connection with, and immediately prior to, the Closing, the Series B Preferred Stock were converted into 9,301,150 shares of Private Daseke’s common stock. Warrants At December 31, 2017, there were a total of 35,040,658 warrants outstanding to purchase 17,520,329 shares of the Company’s common stock. Hennessy has issued warrants to purchase its common stock which were originally issued as part of units in the IPO (the Public Warrants). There are 19,959,902 Public Warrants outstanding. Hennessy has also issued 15,080,756 warrants (the Private Placement Warrants) to Sponsor in a private placement that closed simultaneously with the consummation of the IPO. Each warrant entitles the registered holder to purchase one-half of one share of the Company’s common stock at a price of $5.75 per one-half of one share ($11.50 per whole share), subject to adjustment. The warrants may be exercised only for a whole number of shares of the Company’s common stock. No fractional shares will be issued upon exercise of the warrants. The warrants will expire on February 27, 2022, five years after the completion of the Business Combination, or earlier upon redemption or liquidation. The Warrants are listed on the NASDAQ market under the symbol DSKEW. The Company may call the Public Warrants for redemption at a price of $0.01 per warrant if, and only if, the reported last sale price of the Company’s common stock equals or exceeds $24.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date the Company sends the notice of redemption to the Public Warrant holders.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2017
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 13 – STOCK-BASED COMPENSATION On February 27, 2017, the Company and Hennessy’s common stockholders approved the 2017 Omnibus Incentive Plan (the Plan), whereby the Company may grant awards of stock options, stock appreciation rights, restricted stock, restricted stock units, other stock-based awards and performance awards. Under the Plan, the Company is authorized to issue up to 4.5 million shares of common stock. All awards granted were authorized under the Plan. Stock Options The following table summarizes stock option grants under the Plan during the year ended December 31, 2017: Grantee Type # of Issued and Vesting Weighted Weighted Average Director Group 150,000 150,000 5 years $ 9.98 $ 654,000 Employee Group 1,514,995 1,505,995 5 years $ 10.40 $ 6,822,157 Total 1,655,995 The Company’s calculations of the fair value of stock options granted during the year ended December 31, 2017 were made using the Black-Scholes option-pricing model. The fair value of the Company’s stock option grants was estimated utilizing the following assumptions for the year ended December 31, 2017: Weighted average expected life 6.5 years Risk-free interest rates 1.95% to 2.23% Expected volatility 40.1% to 40.6% Expected dividend yield 0.00% Since the Company does not have a sufficient history of exercise behavior, expected term is calculated using the assumption that the options will be exercised ratably from the date of vesting to the end of the contractual term for each vesting tranche of awards. Risk-free interest rate is based on the United States Treasury yield curve for the period of the expected term of the stock option. Expected volatility is calculated using an index of publicly traded peer companies. Restricted Stock Units Restricted stock units are nontransferable until vested and the holders are entitled to receive dividends with respect to the non-vested units. Prior to vesting, the grantees of restricted stock units are not entitled to vote the shares. Restricted stock unit awards vest in equal annual increments over the vesting period. The following table summarizes restricted stock unit grants under the Plan during the year ended December 31, 2017: Grantee Type # of Vesting Grant Date Employee Group 1,008,868 5 years $ 10,078,591 All stock-based compensation cost is measured at the grant date, based on the estimated fair value of the award, and is recognized on a straight-line basis as expense over the employees’ requisite service period. Forfeitures will be recorded as a cumulative adjustment to stock-based compensation expense in the period forfeitures are incurred. Stock Options A summary of option activity under the Plan as of December 31, 2017 and changes during the year then ended are as follows: Shares Weighted Weighted Aggregate Outstanding as of January 1, 2017 — $ — — $ — Granted 1,664,995 10.36 10.0 — Exercised — — — — Forfeited (9,000) 9.98 — 20 Outstanding as of December 31, 2017 1,655,995 10.36 9.3 6,505 Exercisable as of December 31, 2017 — $ — — $ — The stock options’ maximum contract term is ten years. Restricted Stock Units A summary of restricted stock unit awards activity under the Plan as of December 31, 2017 and changes during the year then ended are as follows: Units Weighted Outstanding as of January 1, 2017 — $ — Granted 1,008,868 9.99 Vested — — Forfeited (245,277) 10.01 Outstanding as of December 31, 2017 763,591 $ 9.98 Aggregate stock-based compensation charges, net of forfeitures, were $1.9 million during the year ended December 31, 2017 and included as a component of salaries, wages and employee benefits on the accompanying consolidated statements of operations and comprehensive income (loss). As of December 31, 2017, there was $6.4 million and $6.9 million of unrecognized stock-based compensation expense related to stock options and restricted stock units, respectively. This expense will be recognized over the weighted average periods of 4.2 years for stock options and 4.5 years for restricted stock units. All outstanding stock options and restricted stock units are non-vested as of December 31, 2017.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2017
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 14 – EARNINGS PER SHARE Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the Company’s earnings. For the year ended December 31, 2017, shares of the Company’s 7.625% Series A Convertible Cumulative Preferred Stock (Series A Preferred Stock) were not included in the computation of diluted earnings per share as their effects were anti-dilutive. For the years ended December 31, 2016 and 2015, shares of Private Daseke’s Series B Convertible Preferred Stock (Series B Preferred Stock) were not included in the computation of diluted loss per share as their effects were anti-dilutive. The following table reconciles basic weighted average common stock outstanding to diluted weighted average common stock outstanding: Year Ended December 31, (In thousands except per share data) 2017 2016 2015 Numerator Net income (loss) $ 26,996 $ (12,279) $ 3,263 Preferred stock dividends (4,964) (4,770) (4,736) Net income (loss) available to common stockholders 22,032 (17,049) (1,473) Denominator Basic weighted average common shares outstanding 37,592,549 20,980,961 20,980,961 Effect of dilutive securities: Equivalent shares issuable upon achievement of Merger Agreement earn-out provision 1,250,000 — — Equivalent shares issuable upon exercises of stock options 254,312 — — Equivalent shares of restricted stock units 496,840 — — Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions 39,593,701 20,980,961 20,980,961 Basic earnings (loss) per common share $ 0.59 $ (0.81) $ (0.07) Diluted earnings (loss) per common share $ 0.56 $ (0.81) $ (0.07)

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2017
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	NOTE 15 – EMPLOYEE BENEFIT PLANS Defined Contribution Plans On January 1, 2015, the Company established the Daseke, Inc. 401(k) Retirement Plan (Retirement Plan). The Retirement Plan is a defined contribution plan and intended to qualify under ERISA provisions of 401(k). Under the safe harbor matching requirements, the Company had expenses of approximately $2.4 million, $2.2 million and $1.3 million for the years ended December 31, 2017, 2016 and 2015, respectively. The Company sponsors defined contribution profit-sharing plans, including 401(k) provisions for substantially all employees of acquired companies whose plans have not been merged into the Retirement Plan at December 31, 2017. The Company provided matching contributions on some of these plans. Total contribution expenses under these plans were approximately $153,000 and $172,000 for the years ended December 31, 2017 and 2015. There were no such expenses for the year ended December 31, 2016. Defined Benefit Plan Prior to the acquisition of BHE by the Company, BHE adopted a non-contributory defined benefit pension plan (the Pension Plan) covering substantially all employees of BHE hired prior to January 1, 2001. The Pension Plan was funded from Company contributions through amounts necessary to meet the minimum funding requirements as set forth in employee benefit and tax laws. As part of the BHE acquisition, the Company’s defined benefit obligation was indemnified by the sellers of BHE. Employer contributions to the Pension Plan were funded by an escrow established on the date of acquisition. In June 2016, the Pension Benefit Guaranty Corporation (PBGC) approved the termination of the Pension Plan. In August 2016, the Pension Plan received a favorable determination letter from the IRS with regards to the Pension Plan, amendments and plan termination. The PBGC required funding and distribution of plan assets to participants by the end of 2016. On December 19, 2016, BHE finalized the termination of the Pension Plan. In accordance with the terms of the termination agreement, the Company contributed $3.2 million to the Pension Plan funded by the forgiveness of $1.7 million of debt owed under the BHE Subordinated Notes and a cash payment of $1.5 million to the Company from certain of the BHE sellers. The following table sets forth a reconciliation of the projected benefit obligation and plan assets for the year ended December 31, 2016 (in thousands): 2016 Projected benefit obligation at beginning of period $ 9,298 Actuarial gain (1,282) Plan termination (8,016) Projected benefit obligation at end of period — Fair value of plan assets at beginning of period 4,798 Employer contributions 3,218 Distribution on plan termination (8,016) Fair value of plan assets at end of period — Underfunded status $ — Upon termination of the Pension Plan in December 2016, no future benefit payments are required.

INTEREST RATE SWAP

INTEREST RATE SWAP	12 Months Ended
	Dec. 31, 2017
INTEREST RATE SWAP
INTEREST RATE SWAP	NOTE 16 – INTEREST RATE SWAPS The Company, from time to time, uses interest rate swaps to manage risks related to interest rate movements. These interest rate swaps are reported at fair value on the consolidated balance sheets in accrued expenses and other liabilities. The Company had an interest rate swap agreement which qualified for hedge accounting and accordingly was designated as a cash flow hedge. For this interest rate swap, the change in fair value on the effective portion of the hedge was recognized as a component of other comprehensive income. In conjunction with the Business Combination discussed in Note 2, this interest rate swap was terminated. At December 31, 2016, the fair value of this interest rate swap was a liability of $51,871.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 17 – COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases certain office building facilities, terminal locations and revenue equipment under non-cancelable operating leases. Certain of the Company’s operating lease agreements contain provisions for future rent increases, free rent periods or periods in which rent payments are reduced (abated). The total amount of rent payments due over the lease terms are charged to rent expense on the straight-line, undiscounted method over the lease terms. Rent expense under operating leases was $17.0 million, $16.0 million and $11.2 million for the years ended December 31, 2017, 2016 and 2015, respectively. Future minimum lease payments under non-cancelable operating leases, including related party leases, are as follows (in thousands): Revenue Office and Year ending December 31, Equipment Terminals 2018 $ 16,672 $ 8,735 2019 13,043 6,802 2020 7,072 6,058 2021 2,203 5,196 2022 1,171 4,578 Thereafter — 15,121 Total $ 40,161 $ 46,490 Letters of Credit The Company had outstanding letters of credit at December 31, 2017 totaling approximately $13.7 million, including those disclosed in Note 9. These letters of credit cover primarily liability insurance claims. Contingencies The Company is involved in certain claims and pending litigation arising in the normal course of business. These proceedings primarily involve claims for personal injury or property damage incurred in the transportation of freight or for personnel matters. The Company maintains liability insurance to cover liabilities arising from these matters but is responsible to pay self insurance and deductibles on such matters up to a certain threshold before the insurance is applied.

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	12 Months Ended
	Dec. 31, 2017
REPORTABLE SEGMENTS
REPORTABLE SEGMENTS	NOTE 18 – REPORTABLE SEGMENTS The Company evaluates the performance of the segments primarily based on their respective revenues and operating income. Accordingly, interest expense and other non-operating items are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes acquisition transaction expenses, corporate salaries, interest expense and other corporate administrative expenses and intersegment eliminations. The Company’s operating segments also provide transportation and related services for one another. Such services are generally billed at cost, and no profit is earned. Such intersegment revenues and expenses are eliminated in the Company’s consolidated results. Intersegment revenues and expenses totaled $3.0 million, $2.2 million and $2.1 million for the Flatbed Solutions segment for the years ended December 31, 2017, 2016 and 2015, respectively. Intersegment revenues and expenses totaled $3.9 million, $2.4 million and $2.4 million for the Specialized Solutions segment for the years ended December 31, 2017, 2016 and 2015, respectively. The following table reflects certain financial data of the Company’s reportable segments for the years ended December 31, 2017, 2016 and 2015 (in thousands): Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Totals Year Ended December 31, 2017 Total revenue $ 354,106 $ 499,132 $ (6,934) $ 846,304 Operating income (loss) 18,461 15,345 (26,791) 7,015 Depreciation 27,436 42,583 149 70,168 Amortization of intangible assets 1,747 4,948 — 6,695 Interest expense 7,110 8,425 14,021 29,556 Loss before income tax (835) (6,288) (18,163) (25,286) Total assets 379,475 675,838 70,355 1,125,668 Capital expenditures 8,405 32,684 600 41,689 Year Ended December 31, 2016 Total revenue $ 310,440 $ 345,998 $ (4,636) $ 651,802 Operating income (loss) 15,643 16,278 (21,288) 10,633 Depreciation 28,523 32,820 156 61,499 Amortization of intangible assets 1,922 4,079 — 6,001 Interest expense 5,953 6,440 10,731 23,124 Income (loss) before income tax 852 1,983 (14,951) (12,116) Total assets 283,370 282,156 4,709 570,235 Capital expenditures 18,427 21,926 215 40,568 Year Ended December 31, 2015 Total revenue $ 306,320 $ 377,052 $ (4,527) $ 678,845 Operating income (loss) 20,231 23,154 (12,377) 31,008 Depreciation 28,706 29,583 118 58,407 Amortization of intangible assets 1,570 3,596 — 5,166 Interest expense 4,939 5,901 9,762 20,602 Income (loss) before income tax 9,393 11,649 (10,316) 10,726 Total assets 304,328 314,727 8,552 627,607 Capital expenditures 62,416 43,145 581 106,142

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)	12 Months Ended
	Dec. 31, 2017
QUARTERLY RESULTS (UNAUDITED)
QUARTERLY RESULTS (UNAUDITED)	NOTE 19 – QUARTERLY RESULTS (UNAUDITED) The following tables set forth certain unaudited consolidated quarterly financial data for each of the last eight quarters during our fiscal years ended December 31, 2017 and 2016. We have derived the information from unaudited Consolidated Financial Statements that, in the opinion of management, reflect all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of such quarterly information. The operating results for any quarter are not necessarily indicative of the results to be expected for any future period. 2017 Quarter Ended Mar. 31 June. 30 Sep. 30 Dec. 31 (In thousands) Revenue: Freight $ 125,555 $ 149,654 $ 171,245 $ 186,310 Brokerage 20,869 28,656 34,198 37,220 Logistics — 2,700 7,871 11,503 Fuel surcharge 14,010 16,313 18,008 22,192 Total revenue 160,434 197,323 231,322 257,225 Operating expenses: Salaries, wages and employee benefits 50,121 58,186 64,955 76,734 Fuel 19,223 20,466 24,734 29,326 Operations and maintenance 23,224 28,967 35,132 31,067 Communications 404 549 539 653 Purchased freight 37,586 49,760 61,598 76,310 Administrative expense 7,378 8,022 8,619 9,214 Sales and marketing 383 555 488 539 Taxes and licenses 2,281 2,611 2,963 3,200 Insurance and claims 4,123 5,042 6,351 8,446 Acquisition transaction expenses 445 1,037 773 1,122 Depreciation and amortization 16,315 17,638 19,805 23,105 Gain on disposition of equipment (200) 26 (339) (187) Impairment — — — — Total operating expenses 161,283 192,859 225,618 259,529 Total other expense 9,667 6,387 8,516 7,731 Provision (benefit) for income taxes (2,770) 2,184 (2,862) (48,834) Net income (loss) (7,746) (4,107) 50 38,799 Less dividends to preferred stockholders (806) (1,693) (1,225) (1,240) Net income (loss) attributable to common stockholders $ (8,552) $ (5,800) $ (1,175) $ 37,559 Net income (loss) per common share - Basic $ (0.32) $ (0.15) $ (0.03) $ 0.82 Net income (loss) per common share - Diluted $ (0.32) $ (0.15) $ (0.03) $ 0.62 2016 Quarter Ended Mar. 31 June. 30 Sep. 30 Dec. 31 (In thousands) Revenue: Freight $ 126,259 $ 136,792 $ 135,415 $ 119,395 Brokerage 20,604 21,778 25,977 19,051 Fuel surcharge 10,018 11,787 12,756 11,970 Total revenue 156,881 170,357 174,148 150,416 Operating expenses: Salaries, wages and employee benefits 50,355 50,207 49,298 47,929 Fuel 14,497 17,283 17,296 17,789 Operations and maintenance 20,701 24,358 27,874 23,167 Communications 484 354 370 410 Purchased freight 36,775 41,185 42,541 33,553 Administrative expense 7,394 5,096 5,221 7,539 Sales and marketing 363 483 435 462 Taxes and licenses 2,333 2,345 2,268 2,276 Insurance and claims 4,041 4,542 5,065 5,466 Acquisition transaction expenses 15 3 — 7 Depreciation and amortization 16,873 16,644 16,998 16,985 (Gain) loss on disposition of equipment 81 571 (495) (273) Impairment — — 1,195 810 Total operating expenses 153,912 163,071 168,066 156,120 Total other expense 5,258 5,301 6,656 5,534 Provision (benefit) for income taxes (1,049) 974 683 (445) Net income (loss) (1,240) 1,011 (1,257) (10,793) Less dividends to preferred stockholders (1,243) (1,243) (1,243) (1,041) Net loss available to common stockholders $ (2,483) $ (232) $ (2,500) $ (11,834) Net loss per common share - Basic & Diluted $ (0.12) $ (0.01) $ (0.12) $ (0.57)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2017
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 20 – SUBSEQUENT EVENTS On February 14, 2018, the Company and one of the Company’s stockholders entered into an underwriting agreement with Cowen and Company, LLC and Stifel, Nicolaus & Company, Incorporated, as representatives of the several underwriters named therein, in connection with an underwritten public offering of 7,500,000 shares of the Company’s common stock, at a price to the public of $10.60 per share. Pursuant to the underwriting agreement, the Company granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock, which was exercised in full on February 16, 2018 and closed simultaneously with the offering on February 20, 2018. Net proceeds received by the Company were approximately $84.6 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, working capital, capital expenditures, debt repayment or refinancing or the financing of possible future acquisitions.

NATURE OF OPERATIONS AND SUMM28

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of Operations	Nature of Operations The registrant was originally formed in April 2015 as a special purpose acquisition company (SPAC) under the name Hennessy Capital Acquisition Corp. II (Hennessy). As a SPAC, Hennessy had no operations and its purpose was to go public with the intention of merging with or acquiring an operating company with the proceeds of the SPAC’s initial public offering (the IPO). On February 27, 2017, Hennessy consummated the Business Combination (as defined and described in Note 2) with Daseke, Inc. Upon consummation of the Business Combination, Daseke, Inc. changed its name to Daseke Companies, Inc. and Hennessy changed its name to Daseke, Inc. Daseke, Inc. was formed in December 2008 and began operations on January 1, 2009. Daseke is engaged in full service open-deck trucking that specializes primarily in flatbed truckload and heavy haul transportation of specialized items throughout the United States, Canada and Mexico. The Company also provides logistical planning and warehousing services to customers. The Company is subject to regulation by the Department of Transportation and various state regulatory authorities. Additionally, due to the recent acquisitions (see Note 3), the Company is also subject to regulations by the Department of Defense and the Department of Energy. Unless expressly stated otherwise, references to the Company or Daseke refers to Daseke, Inc. and its wholly owned subsidiaries, Hennessy refers to the registrant prior to the closing of the Business Combination, and Private Daseke refers to Daseke, Inc. and its subsidiaries prior to the closing of the Business Combination.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Daseke, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Accounts Receivable	Accounts Receivable The Company grants credit to its customers for substantially all of its sales. Accounts receivable are carried at original invoice amount less an estimate for doubtful accounts. The Company establishes an allowance for doubtful accounts based on a periodic review of its outstanding receivables and consideration of historical experience. Accounts receivable are written off when deemed uncollectible and recoveries of trade accounts receivable previously written off are recorded as income when received. Accounts receivable are unsecured and the Company does not charge interest on outstanding receivables. Changes in the allowance for doubtful accounts is as follows (in thousands): Year Ended December 31, 2017 2016 Beginning balance $ 321 $ 82 Provision, charged to expense 235 612 Write-off, less recoveries (344) (373) Ending balance $ 212 $ 321
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents are defined as short-term investments that have an original maturity of three months or less at the date of purchase and are readily convertible into cash. The Company maintains cash in several banks and, at times, the balances may exceed federally insured limits. The Company does not believe it is exposed to any material credit risk on cash. The Company has a money market account as of December 31, 2017 and there were no cash equivalents at December 31, 2016.
Sales-Type Leases	Sales-Type Leases The Company leases revenue equipment to certain of its owner-operators and accounts for these transactions as sales-type leases. These leases have terms of 30 to 72 months and are collateralized by a security interest in the related revenue equipment. A minimum lease receivable is recorded, net of unearned interest income and deferred gain on sale of the equipment. The gain is recognized as payments are collected, rather than in the period the lease is recorded due to the uncertainty of collection.
Parts Supplies	Parts Supplies Parts supplies consists of parts, replacement tires, and miscellaneous supplies and are valued at the lower of cost or market with cost determined principally on the first-in, first out method. Tires on new revenue equipment are capitalized as a component of the related equipment cost when the tractor or trailer is placed in service. Replacement tires are expensed when placed on the tractor or trailer.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation, and are depreciated to estimated salvage value using the straight-line method over the estimated useful lives of the related assets as follows: Buildings and building improvements 10 – 40 years Leasehold improvements 5 – 20 years Revenue equipment – tractors, trailers and accessories 5 – 15 years Vehicles 5 – 7 years Furniture and fixtures 5 – 7 years Office and computer equipment 3 – 5 years The Company periodically evaluates the carrying value of long-lived assets for recoverability. The carrying value of a long-lived asset is considered impaired if its future undiscounted cash flows is less than its carrying value. In 2016, the carrying value of assets held for sale, consisting primarily of tractors, was reduced by $1.6 million due to a change in the estimated fair value less costs to sell. This adjustment to fair value is included in impairment on the consolidated statements of operations and comprehensive income (loss).
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and other intangible assets result from business acquisitions. The Company accounts for business acquisitions by assigning the purchase price to tangible and intangible assets and liabilities. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over amounts assigned is recorded as goodwill. Goodwill is tested for impairment at least annually (or more frequently if impairment indicators arise) for each reporting unit by applying either a qualitative or quantitative analysis in accordance with the authoritative accounting guidance on goodwill. The Company first assesses qualitative factors to evaluate whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as the basis for determining whether it is necessary to perform a quantitative goodwill impairment test. The Company may bypass the qualitative assessment for any reporting unit in any period and proceed directly with the quantitative analysis. The quantitative analysis compares the fair value of the reporting unit with its carrying amount. The Company estimates the fair value of a reporting unit using discounted expected future cash flows. The Company’s annual assessment is conducted as of October 1 of each year. Prior to 2017, the annual assessment was conducted as of November 1, but was changed during 2017 to better align with the Company’s reporting periods. The change in testing date does not delay, accelerate or avoid an impairment charge. The Company determined that it is impractical to objectively determine projected cash flows and related valuation estimates that would have been used as of October 1 for periods prior to October 1, 2017 without the use of hindsight. As such, the Company prospectively applied the change in the annual goodwill impairment assessment date beginning October 1, 2017. In 2016, the carrying value of one subsidiary exceeded its estimated fair value. Accordingly, a non-cash, non-tax deductible goodwill impairment charge of $0.4 million was recognized during the three months ended December 31, 2016 and is included in impairment on the consolidated statements of operations and comprehensive income (loss). There was no goodwill impairment identified for the years ended December 31, 2017 or 2015. Other intangible assets recorded consist of indefinite lived trade names and definite lived non-competition agreements and customer relationships. These intangible assets are stated at estimated fair value at the time of acquisition less accumulated amortization. Amortization is recorded using the straight-line method over the following estimated useful lives: Customer relationships 10 – 15 years Non-competition agreements 2 – 5 years The Company evaluates its definite lived intangible assets for impairment when current facts or circumstances indicate that the carrying value of the assets to be held and used may not be recoverable. Indefinite-lived intangible assets are tested for impairment annually applying a fair value based analysis in accordance with the authoritative accounting guidance for such assets. No indicators of impairment were identified for the years ended December 31, 2017, 2016 and 2015.
Revenue and Expense Recognition	Revenue and Expense Recognition The Company recognizes revenue and related costs when persuasive evidence of an arrangement exists, delivery has occurred or services have been performed, the fee is fixed or determinable and collectability is probable. With respect to freight, brokerage, logistics and fuel surcharge revenue, these conditions are met, and the Company recognizes freight, brokerage and fuel surcharge revenue, upon delivery of a load and logistics revenue, as the services are provided. The Company recognizes brokerage revenue on a gross basis, as opposed to a net basis, because it bears the risks and benefits associated with revenue-generating activities by, among other things, (1) acting as a principal in the transaction, (2) establishing prices, (3) managing all aspects of the shipping process, and (4) taking the risk of loss for collection, delivery and returns. Accordingly, all such revenue billed to customers is classified as brokerage revenue, and all corresponding payments to carriers for transportation services arranged by the Company in connection with brokerage and intermodal activities and to independent contractor providers of revenue equipment are classified as purchased freight.
Advertising	Advertising Advertising costs are expensed as incurred and were insignificant for the years ended December 31, 2017, 2016 and 2015.
Sales Taxes	Sales Taxes Taxes collected from customers and remitted to governmental authorities are presented in revenues in the consolidated statements of operations and comprehensive income (loss) on a net basis.
Income Taxes	Income Taxes Income taxes are accounted for using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the consolidated financial statement and tax basis of assets and liabilities at the applicable enacted tax rates. The Company recognizes the tax benefit from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company recognizes interest and penalties related to income tax matters in income tax expense within the statements of operations and comprehensive income (loss). The Company had no uncertain tax positions as of December 31, 2017 and 2016. The Company is no longer subject to United States federal income tax examinations by tax authorities for years before 2014. The Company is no longer subject to state income tax examinations by tax authorities for years before 2013.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject the Company to credit risk include accounts receivable. One customer represented approximately 13% of trade accounts receivable as of December 31, 2016, however no customer represented greater than 7% of trade accounts receivable as of December 31, 2017. No customer represented 10% or more of total revenue for the years ended December 31, 2017, 2016 and 2015.
Deferred Financing Fees	Deferred Financing Fees In conjunction with obtaining long-term debt, the Company incurred financing costs which are being amortized using the straight line method, which approximates the effective interest rate method, over the terms of the obligations. As of December 31, 2017 and 2016, the balance of deferred finance charges was $17.7 million and $4.1 million, respectively, which is included as a reduction of long-term debt, net of current portion in the consolidated balance sheets. Amortization expense for the years ended December 31, 2017, 2016 and 2015 totaled $5.7 million, $1.3 million and $1.5 million, respectively, which is included in interest expense. In February 2017, in conjunction with new term loan financing, as amended, discussed in Note 9, the Company incurred deferred financing costs of $14.2 million and an additional $4.8 million in November 2017 related to the tack-on loan. Unamortized deferred financing fees totaling $3.9 million were expensed as a result of the new term loan financing.
Fair Value Measurements	Fair Value Measurements The Company follows the accounting guidance for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Fair value guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It also establishes a framework for measuring fair value and expands disclosures about fair value measurements. The three levels of the fair value framework are as follows: Level 1 – Quoted market prices in active markets for identical assets or liabilities. Level 2 – Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 – Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset or liability’s classification within the framework is determined based on the lowest level of input that is significant to the fair value measurement. The fair value of the Company’s interest rate swaps is determined using cash flow computer models with unobservable inputs, therefore the liability for interest rate swaps is classified within Level 3 of the fair value framework. In conjunction with the Business Combination discussed in Note 2, the Company’s lone interest rate swap was terminated. At December 31, 2016, the fair value of this liability was $51,871 and is classified in accrued expenses and other liabilities on the consolidated balance sheets. The tables below are a summary of the changes in the fair value of this liability for the years ended December 31, 2017 and 2016 (in thousands): 2017 2016 Balance, beginning of year $ (52) $ (124) Change in fair value 52 72 Balance, end of year $ — $ (52)
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash, accounts receivable, accounts payable and accrued expenses, interest rate swaps, the line of credit and long-term debt. The carrying value of these financial instruments approximates fair value based on the liquidity of these financial instruments, their short-term nature or variable interest rates.
Stock-Based Compensation	Stock-Based Compensation Awards of equity instruments issued to employees and directors are accounted for under the fair value method of accounting and recognized in the consolidated statements of operations and comprehensive income (loss). Compensation cost is measured for all stock-based awards at fair value on the date of grant and recognized using the straight-line method over the service period over which the awards are expected to vest. Fair value of all time-vested options as of the date of grant is estimated using the Black-Scholes option valuation model, which was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. Option valuation models require the input of highly subjective assumptions, including the expected stock price volatility. Since the Company does not have a sufficient history of exercise behavior, expected term is calculated using the assumption that the options will be exercised ratably from the date of vesting to the end of the contractual term for each vesting tranche of awards. The risk-free interest rate is based on the United States Treasury yield curve for the period of the expected term of the stock option. Expected volatility is calculated using an index of publicly traded peer companies. Fair values of nonvested stock awards (restricted stock units) are equal to the market value of the common stock on the date of the award with compensation costs amortized over the vesting period of the award.
Accrued Insurance and Claims	Accrued Insurance and Claims The Company uses a combination of purchased insurance and self-insurance programs and beginning in December 2017, with the acquisition of the Roadmaster Group (see Note 3), a captive group insurance company. The insurance provides for the cost of vehicle liability, cargo loss, damage, general liability, property, workers’ compensation claims and employee medical benefits. Self-insurance accruals relate primarily to vehicle liability, cargo damage, workers’ compensation and employee medical claims. The measurement and classification of self-insured costs requires the consideration of historical cost experience, demographic and severity factors, and judgments about the current and expected levels of cost per claim and retention levels. These methods provide estimates of the liability associated with claims incurred as of the balance sheet date, including claims not reported. The Company believes these methods are appropriate for measuring these highly judgmental self-insurance accruals. However, the use of any estimation method is sensitive to the assumptions and factors described above, based on the magnitude of claims and the length of time from the date the claim is incurred to ultimate settlement. Accordingly, changes in these assumptions and factors can materially affect actual costs paid to settle the claims and those amounts may be different than estimates.
Segment Reporting	Segment Reporting The Company determines its operating segments based on the information utilized by the chief operating decision maker to allocate resources and assess performance. Based on this information, the Company has determined it has 15 operating segments as of December 31, 2017 and eight operating segments as of December 31, 2016 that are aggregated into two reportable segments: Flatbed Solutions, which delivers its services using primarily flatbed transportation equipment to meet the needs of high-volume, time-sensitive shippers, and Specialized Solutions, which delivers transportation and logistics solutions for super heavy haul, high-value customized and over-dimensional loads, many of which require engineering and customized equipment.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per common share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share reflect the potential dilution of earnings per share that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the Company’s earnings (loss).
Common Stock Purchase Warrants	Common Stock Purchase Warrants The Company accounts for the issuance of common stock purchase warrants in connection with equity offerings in accordance with the provisions of the Accounting Standards Codification (ASC) 815, Derivatives and Hedging (ASC 815). The Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). See Note 12 for additional details on the common stock purchase warrants. The Company assessed the classification of its common stock purchase warrants and determined that such instruments meet the criteria for equity classification at the time of issuance.
Foreign Currency Gains and Losses	Foreign Currency Gains and Losses The local currency is the functional currency for the Company’s operations in Canada. For these operations, assets and liabilities are translated at the rates of exchange on the consolidated balance sheet date, while income and expense items are translated at average rates of exchange during the period. The resulting gains or losses arising from the translation of accounts from the functional currency into United States dollars are included as a separate component of stockholders’ equity in accumulated other comprehensive income (loss) until a partial or complete liquidation of the Company’s net investment in the foreign operation. From time to time, the Company’s foreign operations may enter into transactions that are denominated in a currency other than their functional currency (United States dollars). These transactions are initially recorded in the functional currency of the operating company based on the applicable exchange rate in effect on the date of the transaction. Monthly, these transactions are remeasured to an equivalent amount of the functional currency based on the applicable exchange rate in effect on the remeasurement date. Any adjustment required to remeasure a transaction to the equivalent amount of functional currency is recorded in the consolidated statements of operations of the foreign operating company as a component of foreign exchange gain or loss.
Assets Held For Sale	Assets Held for Sale Assets held for sale is comprised of revenue equipment in our lease purchase program and is recorded as a component of prepaid and other current assets on the consolidated balance sheets. Assets held for sale at December 31, 2017 and 2016, totaled $9.9 million and $4.6 million, respectively. Assets held for sale totaled $7.0 million and $4.6 million for the Flatbed Solutions segment for the years ended December 31, 2017 and 2016, respectively. Assets held for sale totaled $2.9 million for the Specialized Solutions segment for the year ended December 31, 2017. Assets held for sale are not subject to depreciation, and are recorded at the lower of depreciated carrying value or fair market value less selling costs. The Company expects to sell these assets in its lease purchase program within twelve months of being classified as assets held for sale. Any gains (losses) from the sale of these assets is recognized as a deferred gain in the consolidated statement of cash flows.
New Accounting Pronouncements	New Accounting Pronouncements In July 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-11, Earnings per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815). ASU 2017-11 provides guidance on accounting for financial instruments with down round features and clarifies the deferral of certain provisions in Topic 480. ASU 2017-11 will become effective for annual periods beginning after December 15, 2018 and interim periods within those periods. The Company is currently evaluating the impact of adopting this guidance. In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718). ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award requires the application of modification accounting. Modification accounting will apply unless the fair value of the modified award is the same as the original award, the vesting conditions of the modified award are the same as the original award and the classification of the modified award as an equity instrument or liability instrument is the same as the original award. ASU 2017-09 will become effective for annual periods beginning after December 15, 2017 and interim periods within those periods. Early adoption is permitted. The Company does not expect ASU 2017-09 to have a material impact on its consolidated results of operations, financial condition, cash flows, or financial statement disclosures. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350). ASU 2017-04 removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for fiscal years beginning December 15, 2019, with early adoption permitted for interim and annual goodwill impairment tests performed on testing dates after January 1, 2017, and applied prospectively. The Company adopted this pronouncement on October 1, 2017 as a part of the annual goodwill assessment and the adoption had no impact on the Company’s consolidated results of operations, financial condition, cash flows or financial statement disclosures. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230). ASU 2016-15 provides new guidance intended to reduce diversity in practice in how certain cash receipts and payments are classified in the statement of cash flows, including debt prepayment or extinguishment costs, the settlement of contingent liabilities arising from a business combination, proceeds from insurance settlements, and distributions from certain equity method investees. ASU 2016-05 will become effective for fiscal years beginning after December 15, 2018 and interim periods within fiscal years. Early adoption is permitted. ASU 2016-15 requires application using a retrospective transition method. The Company is currently evaluating the impact of adopting this guidance. In June 2016, the FASB issued ASU No. 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. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance. In March 2016, the FASB issued ASU 2016-09, Stock Compensation (Topic 718). ASU 2016-09 requires the recognition of the income tax effects of awards in the income statement when the awards vest or are settled, thus eliminating additional paid in capital pools. ASU 2016-09 also allows for the Company to repurchase more of the Company’s shares for tax withholding purposes without triggering liability accounting. In addition, ASU 2016-09 allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, with early adoption permitted. The Company adopted this pronouncement on April 1, 2017 and election to account for forfeitures as they occur did not have a material impact on the Company’s consolidated results of operations, financial condition, cash flows or financial statement disclosures. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 amends various aspects of existing guidance for leases. ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. The main difference between previous GAAP and the amended standard is the recognition of lease assets and lease liabilities of lessees on the balance sheet for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this ASU will have on its consolidated financial position and results of operations. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and related amendments. Topic 606 supersedes all industry revenue guidance. The core principle of the guidance is for an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective). To evaluate our current accounting processes, compared to the new standard, we completed an assessment of representative contracts from each of our revenue streams. Currently, we recognize revenue upon completion of transportation or other services. By nature, our services are short in duration, typically representing less than one week to completion. Under the new standard, we will recognize revenue over time as our customers simultaneously receive and consume the benefits of our services. Due to the short nature of our transactions, we have determined the differences between recognizing revenue upon completion and over time are minimal. The adoption of this standard will not have a material impact on our financial position, results of operations or cash flows. There will be additions and modifications to our existing financial disclosures. While the overall revenue, systems and controls will be minimally impacted by the new standard, the underlying recognition methodology will change. Under adoption of Topic 606, revenue for services will be recognized over time as our customers simultaneously receive and consume the benefits of our services. The primary difference between the two recognition approaches for our business is the recognition of revenue for in-transit services at each reporting period. The Company adopted this guidance, utilizing the modified retrospective method, on January 1, 2018, which did not result in a transition adjustment to the opening balance of retained earnings.

NATURE OF OPERATIONS AND SUMM29

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2017
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of Changes in the allowance for doubtful accounts	Changes in the allowance for doubtful accounts is as follows (in thousands): Year Ended December 31, 2017 2016 Beginning balance $ 321 $ 82 Provision, charged to expense 235 612 Write-off, less recoveries (344) (373) Ending balance $ 212 $ 321
Schedule of estimated salvage value using the straight-line method over the estimated useful lives	Buildings and building improvements 10 – 40 years Leasehold improvements 5 – 20 years Revenue equipment – tractors, trailers and accessories 5 – 15 years Vehicles 5 – 7 years Furniture and fixtures 5 – 7 years Office and computer equipment 3 – 5 years
Schedule of Amortization is recorded using the straight-line method	Customer relationships 10 – 15 years Non-competition agreements 2 – 5 years
Summary of changes in the fair value of the liabilities	The tables below are a summary of the changes in the fair value of this liability for the years ended December 31, 2017 and 2016 (in thousands): 2017 2016 Balance, beginning of year $ (52) $ (124) Change in fair value 52 72 Balance, end of year $ — $ (52)

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2017
BUSINESS COMBINATION
Summary of cash proceeds and utilization of proceeds in Business Combination	The following table is a summary of cash proceeds and utilization of proceeds in the Business Combination (in thousands): Proceeds Public share proceeds (1) $ 83,429 Issuance of Series A Preferred Stock 65,000 Term Loan Facility 250,000 Cash (2) 3,209 Total proceeds 401,638 Use of Proceeds Repayment of Line of Credit (3) 16,717 Repayment of Senior Term Loan (4) 122,724 Repayment of equipment loans (5) 89,488 Repayment of subordinated debt (6) 67,460 Payment of deferred financing fees (7) 14,148 Repurchase Main Street and Prudential shares (8) 36,168 Hennessy transaction costs 19,063 Daseke transaction costs (9) 1,204 Total use of proceeds 366,972 Net cash received $ 34,666 (1) - 8,342,918 public shares outstanding valued at $10.00 per share (2) - Daseke cash utilized for payment of deferred financing fees and transaction costs (3) - includes payment of $59 accrued interest recognized in interest expense (4) - includes payment of $422 accrued interest recognized in interest expense (5) - includes payment of $731 accrued interest recognized in interest expense (6) - includes payment of $745 accrued interest recognized in interest expense (7) - excludes $81 paid subsequent to the Closing (8) - Hennessy repurchased Private Daseke shares held by Main Street Capital II, LP, Main Street Mezzanine Fund, LP, Main Street Capital Corporation, Prudential Capital Partners IV, L.P., Prudential Capital Partners (Parallel Fund) IV, L.P. and Prudential Capital Partners Management Fund IV, L.P. (9) - $0.8 million and $0.4 million expensed in fourth quarter 2016 and first quarter 2017, respectively

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2017
BUSINESS COMBINATION
Summary of the allocation of the purchase price paid to the fair values of the net assets	The following is a summary of the preliminary allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s recent acquisitions (in thousands): (all amounts in United States dollars) Tennessee Moore Roadmaster Steel Belmont Freight Group Haulers R&R Steelman Schilli Big Freight Accounts receivable $ 240 $ 4,458 $ 9,806 $ 20,207 $ 5,129 $ 4,383 $ 8,616 $ 4,914 Parts supplies — 312 231 — 149 90 1,681 212 Prepaid and other current assets 107 301 1,097 5,870 1,515 2,294 3,786 287 Property and equipment 1,548 21,978 36,854 8,705 16,887 11,100 41,423 11,492 Goodwill & Intangibles 3,527 36,477 75,203 59,206 26,686 14,708 14,992 10,925 Other long-term assets — 114 670 19,049 156 5,013 915 121 Deferred tax liabilities (645) (2,646) (10,666) (7,496) (8,922) (3,151) (16,157) (3,868) Accounts payable and other liabilities (243) (1,997) (26,764) (13,894) (3,362) (15,612) (27,896) (6,294) Total $ 4,534 $ 58,997 $ 86,431 $ 91,647 $ 38,238 $ 18,825 $ 27,360 $ 17,789
Schedule of pro forma financial information	Year Ended December 31, (unaudited) (In millions) 2017 2016 Pro forma revenues $ 1,294 $ 1,198 Pro forma net income (loss) $ 39 $

PREPAID AND OTHER CURRENT ASS32

PREPAID AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
PREPAID AND OTHER CURRENT ASSETS
Schedule of components of prepaid expenses and other current assets	The components of prepaid expenses and other current assets are as follows as of December 31 (in thousands): 2017 2016 Other assets $ 12,225 $ 6,358 Insurance 7,642 2,246 Other prepaids 2,948 1,104 Licensing, permits and tolls 4,096 2,772 Highway and fuel taxes 1,238 1,024 Total $ 28,149 $ 13,504

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
GOODWILL AND INTANGIBLE ASSETS
Schedule of changes in carrying amount of goodwill	Changes in the carrying amount of goodwill for the years ended December 31, 2017 and 2016 are as follows (in thousands): Flatbed Specialized Total Goodwill balance at January 1, 2016 $ 45,794 $ 42,817 $ 88,611 Impairment — (442) (442) Goodwill acquired and adjustments to previously recorded goodwill 866 — 866 Goodwill balance at December 31, 2016 46,660 42,375 89,035 Impairment — — — Goodwill acquired and adjustments to previously recorded goodwill 59,206 153,849 213,055 Foreign currency translation adjustment — 612 612 Goodwill balance at December 31, 2017 $ 105,866 $ 196,836 $ 302,702
Schedule of intangible assets	Intangible assets consisted of the following at December 31, 2017 and 2016 (in thousands): As of December 31, 2017 As of December 31, 2016 Intangible Accumulated Intangible Intangible Accumulated Intangible Assets Amortization Assets, net Assets Amortization Assets, net Non-competition agreements $ 12,230 $ (5,765) $ 6,465 $ 8,350 $ (3,929) $ 4,421 Customer relationships 69,090 (23,921) 45,169 56,210 (19,078) 37,132 Trade names 41,180 — 41,180 30,100 — 30,100 Foreign currency translation adjustment 306 — 306 — — — Total intangible assets $ 122,806 $ (29,686) $ 93,120 $ 94,660 $ (23,007) $ 71,653
Schedule of future estimated amortization expense	Future estimated amortization expense is as follows (in thousands): Non-competition Customer Year ending December 31, Agreements Relationships 2018 $ 2,154 $ 5,399 2019 2,019 5,399 2020 1,198 5,399 2021 776 5,399 2022 318 5,399 Thereafter — 18,174 Total $ 6,465 $ 45,169

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2017
PROPERTY AND EQUIPMENT
Schedule of components of property and equipment	The components of property and equipment are as follows at December 31 (in thousands): 2017 2016 Revenue equipment $ 544,876 $ 398,394 Buildings and improvements 53,366 43,000 Furniture and fixtures, office and computer equipment and vehicles 20,805 14,421 619,047 455,815 Accumulated depreciation (189,408) (137,068) Total $ 429,639 $ 318,747

SALES-TYPE LEASES (Tables)

SALES-TYPE LEASES (Tables)	12 Months Ended
	Dec. 31, 2017
SALES-TYPE LEASES
Schedule of components of the net investment in sales-type leases	The components of the net investment in sales-type leases at December 31, 2017 and 2016 are as follows (in thousands): 2017 2016 Minimum lease receivable $ 62,587 $ 21,055 Deferred gain (9,352) (3,049) Net minimum lease receivable 53,235 18,006 Unearned interest income (10,432) (3,671) Net investment in sales-type leases 42,803 14,335 Current portion (10,979) (3,516) $ 31,824 $ 10,819
Schedule of future minimum lease receipts	Future minimum lease receipts are as follows (in thousands): Year ending December 31, Amount 2018 $ 10,979 2019 10,597 2020 9,279 2021 5,231 2022 5,298 Thereafter 1,419 Total $ 42,803

ACCRUED EXPENSES AND OTHER LI36

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
ACCRUED EXPENSES AND OTHER LIABILITIES
Schedule of components of accrued expenses and other liabilities	The components of accrued expenses and other liabilities are as follows at December 31 (in thousands): 2017 2016 Brokerage and escorts $ 6,264 $ 3,559 Unvouchered payables 4,156 2,587 Other accrued expenses 4,977 3,956 Owner operator deposits 8,431 2,032 Interest 540 1,705 Dividends — 1,209 Fuel 1,130 711 Fuel taxes 378 345 $ 25,876 $ 16,104

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2017
Schedule of long term debt	Long-term debt consists of the following at December 31 (in thousands): 2017 2016 Senior debt Line of credit $ 4,561 $ 6,858 Term loan facility 498,462 — Senior term loan — 125,682 Equipment term loans 126,227 111,882 Real estate term loan — 13,772 Capital leases 5,757 13,818 Total senior debt 635,007 272,012 Less current portion (43,056) (52,665) Less unamortized debt issuance costs (17,650) (4,117) Long-term portion 574,301 215,230 Subordinated debt Main Street Capital Corporation — 21,660 Prudential Capital Partners — 21,492 LST Seller notes — 22,000 DTR Seller notes — 1,000 BHE Seller notes — 291 Total subordinated debt — 66,443 Total long-term debt $ 574,301 $ 281,673
Future principal payments on long-term debt	Future principal payments on long-term debt are as follows (in thousands): Year ending December 31, Term Loan Facility Equipment Term Loans Capital Total 2018 $ 4,985 $ 35,842 $ 2,516 $ 43,343 2019 2,500 37,623 1,673 41,796 2020 2,500 24,488 994 27,982 2021 2,500 14,430 712 17,642 2022 2,500 7,551 167 10,218 Thereafter 483,477 6,293 275 490,045 Total minimum lease payments 6,337 Loan amount attributable to interest (580) (580) Total (Present value of minimum lease payments on capital leases) $ 498,462 $ 126,227 5,757 $ 630,446 Less current portion (2,516) Long-term capital leases $ 3,241
Revolving credit facility
Schedule of adjustment for margin of line of credit and senior term loan corresponding to fixed charge coverage ratio.	Fixed Charge Coverage Ratio Base Rate Margins LIBOR Rate Margins Less than 1.25 to 1.00 2.25 % 3.25 % Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00 1.75 % 2.75 % Greater than or equal to 1.50 to 1.00, but less than 1.75 1.25 % 2.25 % Greater than or equal to 1.75 to 1.00 0.75 % 1.75 %
Old Line of Credit and PNC Term Loan
Schedule of adjustment for margin of line of credit and senior term loan corresponding to fixed charge coverage ratio.	Base Rate Margins LIBOR Rate Margins Fixed Charge Coverage Ratio Line of Credit Senior Term Loan Line of Credit Senior Term Loan Less than 1.25 to 1.00 2.25 % 3.00 % 3.25 % 4.00 % Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00 1.75 % 2.50 % 2.75 % 3.50 % Greater than or equal to 1.50 to 1.00, but less than 1.75 1.25 % 2.00 % 2.25 % 3.00 % Greater than or equal to 1.75 to 1.00 0.75 % 1.50 % 1.75 % 2.50 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
INCOME TAXES
The components of the Company’s provision for income taxes	The components of the Company’s United States and foreign provision for income taxes were as follows for the years ended December 31 (in thousands): 2017 2016 2015 Current: Federal $ (47) $ (70) $ — State 1,258 582 456 Total current taxes 1,211 512 456 Deferred: Federal (51,388) (1,139) 6,430 State (1,863) 790 577 Foreign (242) — — Total deferred taxes (53,493) (349) 7,007 Provision (benefit) for income taxes $ (52,282) $ 163 $ 7,463
Reconciliation between the effective income tax rate and the United states statutory income tax rate	A reconciliation between the effective income tax rate and the United States statutory income tax rate for the years ended December 31, 2017, 2016 and 2015 is as follows (in thousands): 2017 2016 2015 Income tax expense (benefit) at United States statutory income tax rate $ (8,850) $ (4,241) $ 3,754 Federal income tax effects of: State income tax expense (333) 370 1,208 Foreign taxes (242) — — Foreign tax rate differential 107 — — Per diem and other nondeductible expenses 3,198 3,434 1,187 Cumulative effect of change in effective tax rate (46,068) 522 1,261 Tax credits (47) (70) — Other (47) 148 53 Provision (benefit) for income taxes $ (52,282) $ 163 $ 7,463 Effective tax rate 206.8 % (1.3) % 69.6 %
The effects of temporary differences that give rise to significant elements of deferred tax assets and liabilities	The effects of temporary differences that give rise to significant elements of deferred tax assets and liabilities at December 31, 2017 and 2016 were as follows (in thousands): 2017 2016 Deferred tax assets (liabilities) Accrued expenses $ 3,977 $ 5,623 Vacation accrual 527 329 Accounts receivable 103 126 Prepaid expenses (2,700) (2,102) Net operating losses 11,199 14,941 Property and equipment (83,642) (91,149) Intangible assets (17,246) (21,020) Sales-type leases 1,233 874 481(a) adjustment (2,213) (446) Interest rate swap — 9 Deferred start-up costs 1,502 — Stock compensation expense 452 — Foreign liabilities (3,626) — Total deferred tax liabilities $ (90,434) $ (92,815)

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Future minimum lease payments under non-cancelable operating leases, including related party leases	Future minimum lease payments under non-cancelable operating leases, including related party leases, are as follows (in thousands): Revenue Office and Year ending December 31, Equipment Terminals 2018 $ 16,672 $ 8,735 2019 13,043 6,802 2020 7,072 6,058 2021 2,203 5,196 2022 1,171 4,578 Thereafter — 15,121 Total $ 40,161 $ 46,490
Shareholder and employee
Future minimum lease payments under non-cancelable operating leases, including related party leases	Revenue Office and Year ending December 31, Equipment Terminals 2018 $ 110 $ 2,597 2019 110 2,590 2020 93 2,484 2021 8 2,325 2022 — 2,499 Thereafter — 7,414 Total $ 321 $ 19,909

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2017
STOCK-BASED COMPENSATION
Tabular disclosure of stock option grants under the Plan	The following table summarizes stock option grants under the Plan during the year ended December 31, 2017: Grantee Type # of Issued and Vesting Weighted Weighted Average Director Group 150,000 150,000 5 years $ 9.98 $ 654,000 Employee Group 1,514,995 1,505,995 5 years $ 10.40 $ 6,822,157 Total 1,655,995
Schedule of fair value assumptions of stock option grants	The fair value of the Company’s stock option grants was estimated utilizing the following assumptions for the year ended December 31, 2017: Weighted average expected life 6.5 years Risk-free interest rates 1.95% to 2.23% Expected volatility 40.1% to 40.6% Expected dividend yield 0.00%
Summary of restricted stock unit grants under the Plan	The following table summarizes restricted stock unit grants under the Plan during the year ended December 31, 2017: Grantee Type # of Vesting Grant Date Employee Group 1,008,868 5 years $ 10,078,591
Schedule of summary of option activity under the Plan and changes during the period	Shares Weighted Weighted Aggregate Outstanding as of January 1, 2017 — $ — — $ — Granted 1,664,995 10.36 10.0 — Exercised — — — — Forfeited (9,000) 9.98 — 20 Outstanding as of December 31, 2017 1,655,995 10.36 9.3 6,505 Exercisable as of December 31, 2017 — $ — — $ —
Summary of restricted stock awards activity under the Plan	Units Weighted Outstanding as of January 1, 2017 — $ — Granted 1,008,868 9.99 Vested — — Forfeited (245,277) 10.01 Outstanding as of December 31, 2017 763,591 $ 9.98

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2017
EARNINGS PER SHARE
Summary to reconcile basic weighted average common stock outstanding to diluted weighted average common stock outstanding	Year Ended December 31, (In thousands except per share data) 2017 2016 2015 Numerator Net income (loss) $ 26,996 $ (12,279) $ 3,263 Preferred stock dividends (4,964) (4,770) (4,736) Net income (loss) available to common stockholders 22,032 (17,049) (1,473) Denominator Basic weighted average common shares outstanding 37,592,549 20,980,961 20,980,961 Effect of dilutive securities: Equivalent shares issuable upon achievement of Merger Agreement earn-out provision 1,250,000 — — Equivalent shares issuable upon exercises of stock options 254,312 — — Equivalent shares of restricted stock units 496,840 — — Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions 39,593,701 20,980,961 20,980,961 Basic earnings (loss) per common share $ 0.59 $ (0.81) $ (0.07) Diluted earnings (loss) per common share $ 0.56 $ (0.81) $ (0.07)

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2017
EMPLOYEE BENEFIT PLANS
Reconciliation of the projected benefit obligation and plan assets	The following table sets forth a reconciliation of the projected benefit obligation and plan assets for the year ended December 31, 2016 (in thousands): 2016 Projected benefit obligation at beginning of period $ 9,298 Actuarial gain (1,282) Plan termination (8,016) Projected benefit obligation at end of period — Fair value of plan assets at beginning of period 4,798 Employer contributions 3,218 Distribution on plan termination (8,016) Fair value of plan assets at end of period — Underfunded status $ —

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2017
COMMITMENTS AND CONTINGENCIES
Future minimum lease payments under non-cancelable operating leases, including related party leases	Future minimum lease payments under non-cancelable operating leases, including related party leases, are as follows (in thousands): Revenue Office and Year ending December 31, Equipment Terminals 2018 $ 16,672 $ 8,735 2019 13,043 6,802 2020 7,072 6,058 2021 2,203 5,196 2022 1,171 4,578 Thereafter — 15,121 Total $ 40,161 $ 46,490

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
REPORTABLE SEGMENTS
Schedule of tabular disclosure of financial data of the Company’s reportable segments	The following table reflects certain financial data of the Company’s reportable segments for the years ended December 31, 2017, 2016 and 2015 (in thousands): Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Totals Year Ended December 31, 2017 Total revenue $ 354,106 $ 499,132 $ (6,934) $ 846,304 Operating income (loss) 18,461 15,345 (26,791) 7,015 Depreciation 27,436 42,583 149 70,168 Amortization of intangible assets 1,747 4,948 — 6,695 Interest expense 7,110 8,425 14,021 29,556 Loss before income tax (835) (6,288) (18,163) (25,286) Total assets 379,475 675,838 70,355 1,125,668 Capital expenditures 8,405 32,684 600 41,689 Year Ended December 31, 2016 Total revenue $ 310,440 $ 345,998 $ (4,636) $ 651,802 Operating income (loss) 15,643 16,278 (21,288) 10,633 Depreciation 28,523 32,820 156 61,499 Amortization of intangible assets 1,922 4,079 — 6,001 Interest expense 5,953 6,440 10,731 23,124 Income (loss) before income tax 852 1,983 (14,951) (12,116) Total assets 283,370 282,156 4,709 570,235 Capital expenditures 18,427 21,926 215 40,568 Year Ended December 31, 2015 Total revenue $ 306,320 $ 377,052 $ (4,527) $ 678,845 Operating income (loss) 20,231 23,154 (12,377) 31,008 Depreciation 28,706 29,583 118 58,407 Amortization of intangible assets 1,570 3,596 — 5,166 Interest expense 4,939 5,901 9,762 20,602 Income (loss) before income tax 9,393 11,649 (10,316) 10,726 Total assets 304,328 314,727 8,552 627,607 Capital expenditures 62,416 43,145 581 106,142

QUARTERLY RESULTS (UNAUDITED) (

QUARTERLY RESULTS (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2017
QUARTERLY RESULTS (UNAUDITED)
Schedule of unaudited quarterly results of operations	2017 Quarter Ended Mar. 31 June. 30 Sep. 30 Dec. 31 (In thousands) Revenue: Freight $ 125,555 $ 149,654 $ 171,245 $ 186,310 Brokerage 20,869 28,656 34,198 37,220 Logistics — 2,700 7,871 11,503 Fuel surcharge 14,010 16,313 18,008 22,192 Total revenue 160,434 197,323 231,322 257,225 Operating expenses: Salaries, wages and employee benefits 50,121 58,186 64,955 76,734 Fuel 19,223 20,466 24,734 29,326 Operations and maintenance 23,224 28,967 35,132 31,067 Communications 404 549 539 653 Purchased freight 37,586 49,760 61,598 76,310 Administrative expense 7,378 8,022 8,619 9,214 Sales and marketing 383 555 488 539 Taxes and licenses 2,281 2,611 2,963 3,200 Insurance and claims 4,123 5,042 6,351 8,446 Acquisition transaction expenses 445 1,037 773 1,122 Depreciation and amortization 16,315 17,638 19,805 23,105 Gain on disposition of equipment (200) 26 (339) (187) Impairment — — — — Total operating expenses 161,283 192,859 225,618 259,529 Total other expense 9,667 6,387 8,516 7,731 Provision (benefit) for income taxes (2,770) 2,184 (2,862) (48,834) Net income (loss) (7,746) (4,107) 50 38,799 Less dividends to preferred stockholders (806) (1,693) (1,225) (1,240) Net income (loss) attributable to common stockholders $ (8,552) $ (5,800) $ (1,175) $ 37,559 Net income (loss) per common share - Basic $ (0.32) $ (0.15) $ (0.03) $ 0.82 Net income (loss) per common share - Diluted $ (0.32) $ (0.15) $ (0.03) $ 0.62 2016 Quarter Ended Mar. 31 June. 30 Sep. 30 Dec. 31 (In thousands) Revenue: Freight $ 126,259 $ 136,792 $ 135,415 $ 119,395 Brokerage 20,604 21,778 25,977 19,051 Fuel surcharge 10,018 11,787 12,756 11,970 Total revenue 156,881 170,357 174,148 150,416 Operating expenses: Salaries, wages and employee benefits 50,355 50,207 49,298 47,929 Fuel 14,497 17,283 17,296 17,789 Operations and maintenance 20,701 24,358 27,874 23,167 Communications 484 354 370 410 Purchased freight 36,775 41,185 42,541 33,553 Administrative expense 7,394 5,096 5,221 7,539 Sales and marketing 363 483 435 462 Taxes and licenses 2,333 2,345 2,268 2,276 Insurance and claims 4,041 4,542 5,065 5,466 Acquisition transaction expenses 15 3 — 7 Depreciation and amortization 16,873 16,644 16,998 16,985 (Gain) loss on disposition of equipment 81 571 (495) (273) Impairment — — 1,195 810 Total operating expenses 153,912 163,071 168,066 156,120 Total other expense 5,258 5,301 6,656 5,534 Provision (benefit) for income taxes (1,049) 974 683 (445) Net income (loss) (1,240) 1,011 (1,257) (10,793) Less dividends to preferred stockholders (1,243) (1,243) (1,243) (1,041) Net loss available to common stockholders $ (2,483) $ (232) $ (2,500) $ (11,834) Net loss per common share - Basic & Diluted $ (0.12) $ (0.01) $ (0.12) $ (0.57)

NATURE OF OPERATIONS AND SUMM46

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable and Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Changes in the allowance for doubtful accounts
Beginning balance	$ 321	$ 82
Provision, charged to expense	235	612	$ 328
Write-off, less recoveries	(344)	(373)
Ending balance	$ 212	321	$ 82
Cash equivalents		$ 0

NATURE OF OPERATIONS AND SUMM47

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Sales-Type Leases (Details)	12 Months Ended
	Dec. 31, 2017
Minimum
Lease terms	30 months
Maximum
Lease terms	72 months

NATURE OF OPERATIONS AND SUMM48

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Impairments
Property and Equipment
Reduction in carrying value of assets held for sale		$ 1.6
Minimum | Buildings and improvements
Property and Equipment
Estimated useful lives	10 years
Minimum | Leasehold improvements
Property and Equipment
Estimated useful lives	5 years
Minimum | Revenue equipment – tractors, trailers and accessories
Property and Equipment
Estimated useful lives	5 years
Minimum | Vehicles
Property and Equipment
Estimated useful lives	5 years
Minimum | Furniture and fixtures, office and computer equipment and vehicles
Property and Equipment
Estimated useful lives	5 years
Minimum | Office and computer equipment
Property and Equipment
Estimated useful lives	3 years
Maximum | Buildings and improvements
Property and Equipment
Estimated useful lives	40 years
Maximum | Leasehold improvements
Property and Equipment
Estimated useful lives	20 years
Maximum | Revenue equipment – tractors, trailers and accessories
Property and Equipment
Estimated useful lives	15 years
Maximum | Vehicles
Property and Equipment
Estimated useful lives	7 years
Maximum | Furniture and fixtures, office and computer equipment and vehicles
Property and Equipment
Estimated useful lives	7 years
Maximum | Office and computer equipment
Property and Equipment
Estimated useful lives	5 years

NATURE OF OPERATIONS AND SUMM49

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets
Goodwill impairment charge			$ 442
INCOME TAXES
Uncertain tax positions	$ 0	$ 0	$ 0
Customer relationships
Goodwill and Intangible Assets
Estimated useful lives		8 years 5 months 19 days
Customer relationships | Minimum
Goodwill and Intangible Assets
Estimated useful lives		10 years
Customer relationships | Maximum
Goodwill and Intangible Assets
Estimated useful lives		15 years
Non-competition agreements
Goodwill and Intangible Assets
Estimated useful lives		2 years 7 months 21 days
Non-competition agreements | Minimum
Goodwill and Intangible Assets
Estimated useful lives		2 years
Non-competition agreements | Maximum
Goodwill and Intangible Assets
Estimated useful lives		5 years
Impairments
Goodwill and Intangible Assets
Goodwill impairment charge	$ 400	$ 0		$ 0

NATURE OF OPERATIONS AND SUMM50

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk (Details) - Concentrations of Credit Risk - customer	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Trade accounts receivable
Concentrations of Credit Risk
Number of customers		1
One Customer | Trade accounts receivable
Concentrations of Credit Risk
Percentage of concentration risk		13.00%
No Customer | Trade accounts receivable
Concentrations of Credit Risk
Number of customers	0
Percentage of concentration risk	7.00%
No Customer | Revenue.
Concentrations of Credit Risk
Percentage of concentration risk	10.00%	10.00%	10.00%

NATURE OF OPERATIONS AND SUMM51

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Deferred Financing Fees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Nov. 30, 2017	Feb. 28, 2017
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Deferred Financing Fees	$ 17,700	$ 4,100
Amortization of deferred financing fees	1,777	$ 1,347	$ 1,456
Amortization and write-off of unamortized deferred financing fees	5,700
Deferred finance charges				$ 4,800	$ 14,200
Write-off of unamortized deferred financing fees	$ 3,883

NATURE OF OPERATIONS AND SUMM52

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value Measurements (Details)	12 Months Ended
	Dec. 31, 2017USD ($)segment	Dec. 31, 2016USD ($)segment
Changes in the fair value of this liability
Balance, beginning of year	$ (52,000)	$ (124,000)
Change in fair value	$ 52,000	72,000
Balance, end of year		$ (52,000)
REPORTABLE SEGMENTS
Number of Operating Segments | segment	15	8
Number of Reportable Segments | segment	2
Assets held for sale	$ 9,900,000	$ 4,600,000
Number of months within which the Company expects to sell assets held for sale	12 months
Flatbed
REPORTABLE SEGMENTS
Assets held for sale	$ 7,000,000	4,600,000
Specialized
REPORTABLE SEGMENTS
Assets held for sale	2,900,000
Accrued expenses and other liabilities
Changes in the fair value of this liability
Balance, beginning of year	$ (51,871)
Balance, end of year		$ (51,871)

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) $ / shares in Units, $ in Thousands	Feb. 14, 2018shares	Sep. 19, 2017shares	Feb. 27, 2017USD ($)item$ / sharesshares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016shares
Common stock shares outstanding				48,712,288	20,980,961
Common stock shares sold (in shares)				48,712,288	20,980,961
Issuance of stock (in Shares)		5,292,000		5,675,967
Term loan facility
Credit facility | $			$ 250,000
Delayed Draw Feature
Credit facility | $			100,000
ABL Member
Credit facility | $			$ 70,000
Minimum
Earn out target ( as a percent)			90.00%
Maximum
Earn out target ( as a percent)			100.00%
IPO
Issuance of stock (in Shares)		4,882,167
Private placement
Common stock shares sold (in shares)			419,669
Series A
Proceeds from convertible preferred stock | $				$ (65,000)
Senior Debt
Credit facility | $			$ 350,000
Subsequent Event
Issuance of stock (in Shares)	7,500,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Common stock shares outstanding			37,715,960
Common stock shares sold (in shares)			37,715,960
Proceeds from convertible preferred stock | $			$ 65,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | IPO
Common stock shares sold (in shares)			8,342,918
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Private placement
Common stock shares sold (in shares)			2,288,043
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Private placement | Maximum
Value per share issued | $ / shares			$ 10
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Series A
Proceeds from convertible preferred stock | $				$ 65,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Series A | Private Warrants
Proceeds from convertible preferred stock | $			$ 65,000
Issuance of stock (in Shares)			650,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision
Number of trading days | item			20
Number of consecutive trading days			30 days
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision | Minimum
Adjusted EBITDA - 2017 | $			$ 140,000
Adjusted EBITDA - 2018 | $			170,000
Adjusted EBITDA - 2019 | $			$ 200,000
Share price - 2017 | $ / shares			$ 12
Share price - 2018 | $ / shares			14
Share price - 2019 | $ / shares			$ 16
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision | Maximum
Shares payable annually in 2018			5,000,000
Shares payable annually in 2019			5,000,000
Private Daseke
Purchase price paid in common stock (in shares)			26,665,330
Private Daseke | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Consideration received upon closing | $			$ 266,700
Value per share issued | $ / shares			$ 10
Private Daseke | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision | Maximum
Shares to be issued under earn-out provision			15,000,000
Shares payable annually in 2017			5,000,000

BUSINESS COMBINATION Cash Proce

BUSINESS COMBINATION Cash Proceeds (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 27, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Proceeds from issuance of common stock				$ 127,893
Proceeds from Term Loan Facility					$ 14,188
Repayment of debt				$ 239,506	$ 72,987	$ 59,087
Common stock shares sold (in shares)			20,980,961	48,712,288	20,980,961
Common stock shares outstanding			20,980,961	48,712,288	20,980,961
Shares outstanding value (par value)			$ 0.0001	$ 0.0001	$ 0.0001
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Proceeds from issuance of common stock	$ 83,429
Issuance of convertible preferred stock	65,000
Proceeds from Term Loan Facility	250,000
Cash2	3,209
Total proceeds	401,638
Payment of deferred financing fees (7)	14,148
Hennessy transaction costs	19,063
Daseke transaction costs(9)	1,204	$ 400	$ 800
Total use of proceeds	366,972
Net cash received	$ 34,666
Common stock shares sold (in shares)	37,715,960
Common stock shares outstanding	37,715,960
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Main Street Capital Corporation and Prudential Capital Partners
Repayment of debt	$ 36,168
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Interest Expense
Excludes fees paid subsequent to closing	81
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Line of credit
Repayment of debt	16,717
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Line of credit | Interest Expense
Payment of accrued interest	59
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Senior term loan
Repayment of debt	122,724
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Senior term loan | Interest Expense
Payment of accrued interest	422
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Equipment term loans
Repayment of debt	89,488
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Equipment term loans | Interest Expense
Payment of accrued interest	731
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Subordinated notes
Repayment of debt	67,460
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Subordinated notes | Interest Expense
Payment of accrued interest	$ 745
IPO | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Common stock shares sold (in shares)	8,342,918

ACQUISITIONS (Details)

ACQUISITIONS (Details)	Dec. 29, 2017USD ($)	Dec. 01, 2017USD ($)shares	Sep. 01, 2017USD ($)	Jul. 01, 2017USD ($)shares	May 01, 2017USD ($)shares	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2017USD ($)item
ACQUISITIONS
Revenue						$ 257,225,000	$ 231,322,000	$ 197,323,000	$ 160,434,000	$ 150,416,000	$ 174,148,000	$ 170,357,000	$ 156,881,000	$ 846,304,000	$ 651,802,000	$ 678,845,000
Net income						38,799,000	$ 50,000	$ (4,107,000)	$ (7,746,000)	(10,793,000)	$ (1,257,000)	$ 1,011,000	$ (1,240,000)	26,996,000	$ (12,279,000)	3,263,000
Number of acquisitions | item															0
Allocation of the purchase price paid to the fair values of the net assets
Goodwill & Intangibles						$ 302,702,000				$ 89,035,000				302,702,000	$ 89,035,000	$ 88,611,000	$ 302,702,000
Business Acquisition, Pro Forma Information [Abstract]
Pro forma revenue														1,294,000,000	1,198,000,000
Pro forma net income (loss)														39,000,000	$ (8,000,000)
Minimum
ACQUISITIONS
Number of open-deck trucking companies acquired | item																	16
Belmont
ACQUISITIONS
Voting interest acquired (as a percent)	100.00%
Total consideration paid	$ 4,600,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable	240,000
Prepaid and other current assets	107,000
Property and equipment	1,548,000
Goodwill & Intangibles	3,527,000
Deferred tax liabilities	(645,000)
Accounts payable and other liabilities	(243,000)
Total	$ 4,534,000
Moore Freight Service
ACQUISITIONS
Voting interest acquired (as a percent)		100.00%
Total consideration paid		$ 59,100,000
Cash payments for business consideration		$ 35,100,000
Number of shares transferred | shares		145,129
Equity transferred		$ 1,800,000
Outstanding debt assumed		22,200,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable		4,458,000
Parts supplies		312,000
Prepaid and other current assets		301,000
Property and equipment		21,978,000
Goodwill & Intangibles		36,477,000
Other long-term assets		114,000
Deferred tax liabilities		(2,646,000)
Accounts payable and other liabilities		(1,997,000)
Total		58,997,000
Transaction expenses incurred, not deductible for taxes purposes		$ 600,000
Roadmaster Group
ACQUISITIONS
Voting interest acquired (as a percent)		100.00%
Total consideration paid		$ 86,900,000
Cash payments for business consideration		$ 37,500,000
Number of shares transferred | shares		3,114,247
Equity transferred		$ 39,100,000
Outstanding debt assumed		10,300,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable		9,806,000
Parts supplies		231,000
Prepaid and other current assets		1,097,000
Property and equipment		36,854,000
Goodwill & Intangibles		75,203,000
Other long-term assets		670,000
Deferred tax liabilities		(10,666,000)
Accounts payable and other liabilities		(26,764,000)
Total		86,431,000
Transaction expenses incurred, not deductible for taxes purposes		$ 600,000
Tennessee Steel Haulers and Co
ACQUISITIONS
Voting interest acquired (as a percent)		100.00%
Total consideration paid		$ 91,900,000
Cash payments for business consideration		$ 74,900,000
Number of shares transferred | shares		972,680
Equity transferred		$ 12,000,000
Outstanding debt assumed		5,000,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable		20,207,000
Prepaid and other current assets		5,870,000
Property and equipment		8,705,000
Goodwill & Intangibles		59,206,000
Other long-term assets		19,049,000
Deferred tax liabilities		(7,496,000)
Accounts payable and other liabilities		(13,894,000)
Total		91,647,000
Transaction expenses incurred, not deductible for taxes purposes		$ 500,000
RandR Trucking Holdings, LLC
ACQUISITIONS
Voting interest acquired (as a percent)			100.00%
Total consideration paid			$ 38,400,000
Cash payments for business consideration			24,600,000
Outstanding debt assumed			13,800,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable			5,129,000
Parts supplies			149,000
Prepaid and other current assets			1,515,000
Property and equipment			16,887,000
Goodwill & Intangibles			26,686,000
Other long-term assets			156,000
Deferred tax liabilities			(8,922,000)
Accounts payable and other liabilities			(3,362,000)
Total			38,238,000
Transaction expenses incurred, not deductible for taxes purposes			$ 600,000
The Steelman Companies
ACQUISITIONS
Voting interest acquired (as a percent)				100.00%
Total consideration paid				$ 18,800,000
Cash payments for business consideration				$ 11,200,000
Number of shares transferred | shares				746,170
Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets				$ 14,900,000
Equity transferred				7,600,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable				4,383,000
Parts supplies				90,000
Prepaid and other current assets				2,294,000
Property and equipment				11,100,000
Goodwill & Intangibles				14,708,000
Other long-term assets				5,013,000
Deferred tax liabilities				(3,151,000)
Accounts payable and other liabilities				(15,612,000)
Total				18,825,000
Transaction expenses incurred, not deductible for taxes purposes				$ 300,000
Schilli Transportation Services Inc
ACQUISITIONS
Voting interest acquired (as a percent)					100.00%
Total consideration paid					$ 27,400,000
Cash payments for business consideration					$ 21,000,000
Number of shares transferred | shares					232,885
Equity transferred					$ 2,300,000
Outstanding debt assumed					4,000,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable					8,616,000
Parts supplies					1,681,000
Prepaid and other current assets					3,786,000
Property and equipment					41,423,000
Goodwill & Intangibles					14,992,000
Other long-term assets					915,000
Deferred tax liabilities					(16,157,000)
Accounts payable and other liabilities					(27,896,000)
Total					27,360,000
Transaction expenses incurred, not deductible for taxes purposes					$ 400,000
Big Freight Systems Inc
ACQUISITIONS
Voting interest acquired (as a percent)					100.00%
Total consideration paid					$ 16,700,000
Cash payments for business consideration					$ 12,400,000
Number of shares transferred | shares					109,248
Equity transferred					$ 1,100,000
EBITDA multiplier					0.4
Contingent liability					1,100,000
Outstanding debt assumed					3,200,000
Revenue														154,000,000
Net income														$ 15,600,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable					4,914,000
Parts supplies					212,000
Prepaid and other current assets					287,000
Property and equipment					11,492,000
Goodwill & Intangibles					10,925,000
Other long-term assets					121,000
Deferred tax liabilities					(3,868,000)
Accounts payable and other liabilities					(6,294,000)
Total					17,789,000
Transaction expenses incurred, not deductible for taxes purposes					$ 600,000

PREPAID AND OTHER CURRENT ASS56

PREPAID AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
PREPAID AND OTHER CURRENT ASSETS
Other assets	$ 12,225	$ 6,358
Insurance	7,642	2,246
Other prepaids	2,948	1,104
Licensing, permits and tolls	4,096	2,772
Highway and fuel taxes	1,238	1,024
Total	$ 28,149	$ 13,504

GOODWILL AND INTANGIBLE ASSET57

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Goodwill
Balance at the beginning of the period	$ 89,035	$ 88,611
Impairment		(442)
Goodwill acquired and adjustments to previously recorded goodwill	213,055	866
Foreign currency translation.	612
Balance at the end of the period	302,702	89,035
Increase to goodwill		900
Increase to deferred tax liabilities		900
Flatbed
Goodwill
Balance at the beginning of the period	46,660	45,794
Goodwill acquired and adjustments to previously recorded goodwill	59,206	866
Balance at the end of the period	105,866	46,660
Specialized
Goodwill
Balance at the beginning of the period	42,375	42,817
Impairment		(442)
Goodwill acquired and adjustments to previously recorded goodwill	153,849
Foreign currency translation.	612
Balance at the end of the period	$ 196,836	$ 42,375

GOODWILL AND INTANGIBLE ASSET58

GOODWILL AND INTANGIBLE ASSETS - Other Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Intangible Assets, Net
Intangible Assets	$ 122,806	$ 94,660
Accumulated Amortization	(29,686)	(23,007)
Intangible Assets, net	93,120	71,653
Foreign currency translation adjustment, Intangible asset, Gross	306
Foreign currency translation adjustment, Intangible asset, net	306
Amortization of intangible assets	6,695	6,001	$ 5,166
Trade names
Intangible Assets, Net
Intangible Assets	41,180	30,100
Intangible Assets, net	41,180	30,100
Non-competition agreements
Intangible Assets, Net
Intangible Assets	12,230	8,350
Accumulated Amortization	(5,765)	(3,929)
Intangible Assets, net	$ 6,465	4,421
Weighted average remaining useful lives	2 years 7 months 21 days
Future estimated amortization expense
2,018	$ 2,154
2,019	2,019
2,020	1,198
2,021	776
2,022	318
Total	6,465
Customer relationships
Intangible Assets, Net
Intangible Assets	69,090	56,210
Accumulated Amortization	(23,921)	(19,078)
Intangible Assets, net	$ 45,169	$ 37,132
Weighted average remaining useful lives	8 years 5 months 19 days
Future estimated amortization expense
2,018	$ 5,399
2,019	5,399
2,020	5,399
2,021	5,399
2,022	5,399
Thereafter	18,174
Total	$ 45,169

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
PROPERTY AND EQUIPMENT
Property and equipment, Gross	$ 619,047	$ 455,815
Accumulated depreciation	(189,408)	(137,068)
Property and equipment, Net	429,639	318,747
Depreciation	70,168	61,499	$ 58,407
Revenue equipment
PROPERTY AND EQUIPMENT
Property and equipment, Gross	544,876	398,394
Buildings and improvements
PROPERTY AND EQUIPMENT
Property and equipment, Gross	53,366	43,000
Furniture and Fixtures, Office and Computer Equipment and Vehicles [Member]
PROPERTY AND EQUIPMENT
Property and equipment, Gross	$ 20,805	$ 14,421

SALES-TYPE LEASES (Details)

SALES-TYPE LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Components of the net investment in sales-type leases
Minimum lease receivable	$ 62,587	$ 21,055
Deferred gain	(9,352)	(3,049)
Net minimum lease receivable	53,235	18,006
Unearned interest income	(10,432)	(3,671)
Net investment in sales-type leases	42,803	14,335
Current portion	(10,979)	(3,516)
Non-current portion	31,824	10,819
Gain on disposition of revenue equipment leased to owner-operators	1,362	$ 751	$ 467
Future minimum lease
2,018	10,979
2,019	10,597
2,020	9,279
2,021	5,231
2,022	5,298
Thereafter	1,419
Total	$ 42,803

ACCRUED EXPENSES AND OTHER LI61

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ACCRUED EXPENSES AND OTHER LIABILITIES
Brokerage and escorts	$ 6,264	$ 3,559
Unvouchered payables	4,156	2,587
Other accrued expenses	4,977	3,956
Owner operator deposits	8,431	2,032
Interest	540	1,705
Dividends		1,209
Fuel	1,130	711
Fuel taxes	378	345
Total	$ 25,876	$ 16,104

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Nov. 30, 2017	Feb. 28, 2017	Dec. 31, 2016
Long-term debt
Total	$ 574,301			$ 281,673
Less current portion	(43,056)			(52,665)
Less unamortized debt issuance costs		$ (4,800)	$ (14,200)
Long-term portion	569,740			208,372
Long-term debt
Subordinated debt				66,443
Total	574,301			281,673
Senior Debt
Long-term debt
Less current portion	(43,056)			(52,665)
Less unamortized debt issuance costs	(17,650)			(4,117)
Long-term portion	574,301			215,230
Long-term debt
Long-term debt gross	635,007			272,012
Line of credit | Line of credit
Long-term debt
Long-term debt gross	4,561			6,858
Term loan facility
Long-term debt
Long-term debt gross	498,462
Senior term loan
Long-term debt
Long-term debt gross				125,682
Equipment term loans
Long-term debt
Long-term debt gross	126,227			111,882
Real estate term loan
Long-term debt
Less unamortized debt issuance costs	(400)
Long-term debt
Long-term debt gross				13,772
Capital leases
Long-term debt
Long-term debt gross	$ 5,757			13,818
Subordinated notes
Long-term debt
Subordinated debt				66,443
Subordinated notes | Main Street Capital Corporation
Long-term debt
Subordinated debt				21,660
Subordinated notes | Prudential Capital Partners
Long-term debt
Subordinated debt				21,492
Subordinated notes | LST Seller notes
Long-term debt
Subordinated debt				22,000
Subordinated notes | DTR Seller notes
Long-term debt
Subordinated debt				1,000
Subordinated notes | BHE Seller notes
Long-term debt
Subordinated debt				$ 291

LONG-TERM DEBT - Line of Credit

LONG-TERM DEBT - Line of Credit and Senior Term Loan (Details) - USD ($)	Nov. 28, 2017	Aug. 31, 2017	Aug. 16, 2017	Aug. 15, 2017	Feb. 27, 2017	Aug. 31, 2016	Apr. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Feb. 17, 2017	Jul. 31, 2016
LONG-TERM DEBT
Proceeds from term loan facility								$ 500,000,000
Outstanding letters of credit								$ 13,700,000
Senior Debt
LONG-TERM DEBT
Credit facility					$ 350,000,000
Line of credit
LONG-TERM DEBT
Percentage of accounts receivable used as part of the borrowing base calculation						85.00%
Percentage of unbilled accounts receivable used as part of the borrowing base calculation						80.00%
Percentage of parts supplies used as part of the borrowing base calculation						50.00%
Availability at closing									$ 33,000,000
Average interest on the line of credit									4.50%
Line of credit | Base Rate
LONG-TERM DEBT
Basis spread on variable rate									2.25%
Line of credit | LIBOR
LONG-TERM DEBT
Basis spread on variable rate									3.25%
Line of credit | PNC Bank National Association | Base Rate | Less than 1.25 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								2.25%
Line of credit | PNC Bank National Association | Base Rate | Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								1.75%
Line of credit | PNC Bank National Association | Base Rate | Greater than or equal to 1.50 to 1.00, but less than 1.75
LONG-TERM DEBT
Fixed charge coverage ratio								1.25%
Line of credit | PNC Bank National Association | Base Rate | Greater than or equal to 1.75 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								0.75%
Line of credit | PNC Bank National Association | LIBOR | Less than 1.25 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								3.25%
Line of credit | PNC Bank National Association | LIBOR | Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								2.75%
Line of credit | PNC Bank National Association | LIBOR | Greater than or equal to 1.50 to 1.00, but less than 1.75
LONG-TERM DEBT
Fixed charge coverage ratio								2.25%
Line of credit | PNC Bank National Association | LIBOR | Greater than or equal to 1.75 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								1.75%
Senior term loan
LONG-TERM DEBT
Credit facility						$ 212,100,000
Average interest rate on term loan									4.40%
Monthly installments									$ 1,690,154
Loan amount						$ 137,100,000					$ 150,000,000
Fixed charge coverage ratio Trailing Period								12 months
Senior term loan | Base Rate
LONG-TERM DEBT
Basis spread on variable rate						2.75%			3.00%
Senior term loan | LIBOR
LONG-TERM DEBT
Basis spread on variable rate						3.75%			4.00%
Senior term loan | PNC Bank National Association | Base Rate | Less than 1.25 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								3.00%
Senior term loan | PNC Bank National Association | Base Rate | Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								2.50%
Senior term loan | PNC Bank National Association | Base Rate | Greater than or equal to 1.50 to 1.00, but less than 1.75
LONG-TERM DEBT
Fixed charge coverage ratio								2.00%
Senior term loan | PNC Bank National Association | Base Rate | Greater than or equal to 1.75 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								1.50%
Senior term loan | PNC Bank National Association | LIBOR | Less than 1.25 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								4.00%
Senior term loan | PNC Bank National Association | LIBOR | Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								3.50%
Senior term loan | PNC Bank National Association | LIBOR | Greater than or equal to 1.50 to 1.00, but less than 1.75
LONG-TERM DEBT
Fixed charge coverage ratio								3.00%
Senior term loan | PNC Bank National Association | LIBOR | Greater than or equal to 1.75 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								2.50%
Real estate term loan
LONG-TERM DEBT
Monthly installments								$ 59,109
Term loan amortization period								20 years
Loan amount							$ 14,200,000
Real estate term loan | LIBOR
LONG-TERM DEBT
Basis spread on variable rate							2.75%
Letter of credit
LONG-TERM DEBT
Outstanding letters of credit									$ 4,100,000
Letter of credit | Maximum
LONG-TERM DEBT
Credit facility									$ 10,000,000
Equipment notes
LONG-TERM DEBT
Refinanced amount						$ 73,000,000
Term loan facility
LONG-TERM DEBT
Credit facility					$ 250,000,000
Term loan facility | Credit Suisse AG
LONG-TERM DEBT
Percentage of EBITDA permitted to be added back (as a percent)								25.00%
Repayment of term loan (in percentage)								50.00%
Percentage of excess cash flow, mandatory prepayment, 2018								50.00%
Percentage of excess cash flow, mandatory prepayment, 2019								25.00%
Percentage of excess cash flow, mandatory prepayment, 2020								0.00%
Term loan facility | Credit Suisse AG | Commencing June 30 2017
LONG-TERM DEBT
Consolidated total leverage ratio commencing on June 30, 2017								4.25%
Term loan facility | Credit Suisse AG | Commencing September 30 2017
LONG-TERM DEBT
Consolidated total leverage ratio commencing on September 30, 2017								4.75%
Term loan facility | Credit Suisse AG | Commencing March 31 2018
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2018								4.25%
Term loan facility | Credit Suisse AG | Commencing March 31 2019
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2019								4.00%
Term loan facility | Credit Suisse AG | Commencing March 31 2021
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2021								3.75%
Term loan facility | Credit Suisse AG | Base Rate
LONG-TERM DEBT
Basis spread on variable rate	4.00%				4.50%
Floor rate (as a percent)					2.00%
Term loan facility | Credit Suisse AG | LIBOR
LONG-TERM DEBT
Basis spread on variable rate	5.00%				5.50%
Floor rate (as a percent)					1.00%
Term loan facility | Senior Debt | Credit Suisse AG
LONG-TERM DEBT
Credit facility					$ 350,000,000
Average interest rate on term loan								6.50%
Term loan facility | Senior term loan | Credit Suisse AG
LONG-TERM DEBT
Credit facility					250,000,000
Uncommitted Incremental Facility | Senior Debt | Credit Suisse AG
LONG-TERM DEBT
Committed amount					65,000,000
Tack-on Loan
LONG-TERM DEBT
Credit facility	$ 150,000,000
ABL Member
LONG-TERM DEBT
Credit facility					70,000,000
Availability at closing								$ 55,500,000
Excess availability falling below amount		$ 15,000,000
Maximum credit amount (as a percent)		20.00%
Number of consecutive days, a financial covenant requiring the Company to maintain a minimum consolidated fixed charge coverage ratio		60 days
Minimum consolidated fixed charge coverage ratio		1.00%
ABL Member | Commencing September 30 2017
LONG-TERM DEBT
Consolidated total leverage ratio commencing on September 30, 2017		4.75%
ABL Member | Commencing March 31 2021
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2021		3.75%
ABL Member | PNC Bank National Association
LONG-TERM DEBT
Credit facility					$ 70,000,000
Outstanding letters of credit								4,600,000
Term loan amortization period					5 years
Percentage of accounts receivable used as part of the borrowing base calculation					85.00%
Percentage of unbilled accounts receivable used as part of the borrowing base calculation					80.00%
Percentage of parts supplies used as part of the borrowing base calculation					50.00%
Maximum increase to facility pursuant to accordion feature					$ 30,000,000
Line of credit sublimit										$ 20,000,000
ABL Member | Letter of credit
LONG-TERM DEBT
Outstanding letters of credit								$ 11,500,000
Revolving credit facility
LONG-TERM DEBT
Credit facility						$ 75,000,000
Revolving credit facility | PNC Bank National Association | Base Rate | Less than 1.25 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								2.25%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								1.75%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 1.50 to 1.00, but less than 1.75
LONG-TERM DEBT
Fixed charge coverage ratio								1.25%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 1.75 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								0.75%
Revolving credit facility | PNC Bank National Association | LIBOR | Less than 1.25 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								3.25%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								2.75%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 1.50 to 1.00, but less than 1.75
LONG-TERM DEBT
Fixed charge coverage ratio								2.25%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 1.75 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio								1.75%
Delayed Draw Feature
LONG-TERM DEBT
Credit facility					100,000,000
Delayed Draw Feature | Credit Suisse AG
LONG-TERM DEBT
Leverage ratio								4.25%
Delayed Draw Feature | Senior Debt | Credit Suisse AG
LONG-TERM DEBT
Credit facility					$ 100,000,000
Leverage ratio			4.25%	3.50%
Proceeds from term loan facility			$ 60,500,000

LONG-TERM DEBT - Equipment Term

LONG-TERM DEBT - Equipment Term Loans and Mortgages (Details)	1 Months Ended	12 Months Ended
	Apr. 30, 2016USD ($)item	Dec. 31, 2017USD ($)Lender	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Nov. 30, 2017USD ($)	Feb. 28, 2017USD ($)	Apr. 26, 2016USD ($)	Feb. 19, 2015USD ($)
LONG-TERM DEBT
Deferred finance charges					$ 4,800,000	$ 14,200,000
Book value recorded under capital leases		$ 7,000,000	$ 24,100,000
Accumulated depreciation		5,800,000	17,000,000
Depreciation expense leased equipment		2,600,000	7,000,000	$ 6,000,000
Equipment term loans
LONG-TERM DEBT
Equipment which collateralizes term loans		121,800,000
Loan balance		$ 126,227,000	111,882,000
Number of lenders | Lender		30
Equipment term loans | Maximum
LONG-TERM DEBT
Interest rate (as a percent)		10.80%
Equipment term loans | Minimum
LONG-TERM DEBT
Interest rate (as a percent)		1.50%
Bank mortgage loan
LONG-TERM DEBT
Loan balance		$ 3,700,000
Interest rate (as a percent)		3.70%
Monthly installments		$ 15,776
Real estate term loan
LONG-TERM DEBT
Loan balance			$ 13,772,000
Loan amount	$ 14,200,000
Monthly installments		$ 59,109
Number of real estate assets | item	9
Term loan amortization period		20 years
Deferred finance charges		$ 400,000
Debt issuance cost, amortization period		5 years
Real estate term loan | LIBOR
LONG-TERM DEBT
Basis spread on variable rate	2.75%
Construction loans
LONG-TERM DEBT
Loan balance		$ 8,800,000
Interest rate (as a percent)		3.25%
Loan amount							$ 8,800,000	$ 7,800,000
November 2017 And 2020 | Equipment term loans
LONG-TERM DEBT
Number of days of adjustment of interest rate and monthly payments		45 days
November 2017 And 2020 | Equipment term loans | Base Rate
LONG-TERM DEBT
Interest rate (as a percent)		2.50%
November 2017 And 2020 | Equipment term loans | Minimum
LONG-TERM DEBT
Interest rate (as a percent)		3.70%

LONG-TERM DEBT - Additional inf

LONG-TERM DEBT - Additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2013	Dec. 31, 2016
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	$ 43,343
2,019	41,796
2,020	27,982
2,021	17,642
2,022	10,218
Thereafter	490,045
Loan amount attributable to interest	(580)
Total	574,301		$ 281,673
Long-term debt and capital Lease Obligations, Total	630,446
Equipment term loans
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	35,842
2,019	37,623
2,020	24,488
2,021	14,430
2,022	7,551
Thereafter	6,293
Total (Present value of minimum lease payments on capital leases)	126,227
Capital leases
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	2,516
2,019	1,673
2,020	994
2,021	712
2,022	167
Thereafter	275
Total minimum lease payments	6,337
Loan amount attributable to interest	(580)
Total (Present value of minimum lease payments on capital leases)	5,757
Less current portion	(2,516)
Long-term capital leases	3,241
Senior subordinated secured debt | Main Street Capital Corporation
Loan amount		$ 20,000
Interest rate (as a percent)		12.00%
Paid-in-kind interest (as a percent)		2.50%
Accrued, Paid-in-kind interest added to principal balance	100		500
Accrued, Paid-in-kind, interest			100
Senior subordinated secured debt | Prudential Capital Partners
Loan amount		$ 20,000
Interest rate (as a percent)		12.00%
Paid-in-kind interest (as a percent)		2.50%
Accrued, Paid-in-kind interest added to principal balance	$ 100		500
Accrued, Paid-in-kind, interest			$ 100
Subordinated notes
Make-whole payment	5.00%
Subordinated notes | LST Seller notes
Loan amount	$ 22,000
Interest rate (as a percent)	10.00%
Subordinated notes | DTR Seller notes
Loan amount	$ 1,000
Interest rate (as a percent)	5.00%
Subordinated notes | BHE Seller notes
Loan amount	$ 2,000
Interest rate (as a percent)	7.00%
Term loan facility
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	$ 4,985
2,019	2,500
2,020	2,500
2,021	2,500
2,022	2,500
Thereafter	483,477
Total (Present value of minimum lease payments on capital leases)	$ 498,462

INCOME TAXES - Components of th

INCOME TAXES - Components of the Company’s provision for income taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal									$ (47)	$ (70)
State									1,258	582	$ 456
Total current taxes									1,211	512	456
Deferred:
Federal									(51,388)	(1,139)	6,430
State									(1,863)	790	577
Foreign									(242)
Total deferred taxes									(53,493)	(349)	7,007
Provision (benefit) for income taxes	$ (48,834)	$ (2,862)	$ 2,184	$ (2,770)	$ (445)	$ 683	$ 974	$ (1,049)	$ (52,282)	$ 163	$ 7,463

INCOME TAXES - Effective income

INCOME TAXES - Effective income tax and the U.S. statutory income tax rate (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended								12 Months Ended
	Jan. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Effective income tax rate and the U.S. statutory income tax rate
Income tax expense (benefit) at U.S. statutory income tax rate										$ (8,850)	$ (4,241)	$ 3,754
Federal income tax effects of:
State income tax expense										(333)	370	1,208
Foreign taxes										(242)
Foreign tax rate differential										107
Per diem and other nondeductible expenses										3,198	3,434	1,187
Cumulative effect of change in effective tax rate										(46,068)	522	1,261
Tax credits										(47)	(70)
Other										(47)	148	53
Provision (benefit) for income taxes		$ (48,834)	$ (2,862)	$ 2,184	$ (2,770)	$ (445)	$ 683	$ 974	$ (1,049)	$ (52,282)	$ 163	$ 7,463
Effective tax rate										206.80%	(1.30%)	69.60%
Federal income tax rate										35.00%
Provisional income tax benefit due to TCJA										$ 46,000
Forecast
Federal income tax effects of:
Federal income tax rate	21.00%

INCOME TAXES - Deferred tax ass

INCOME TAXES - Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets (liabilities)
Accrued expenses	$ 3,977	$ 5,623
Vacation accrual	527	329
Accounts receivable	103	126
Prepaid expenses	(2,700)	(2,102)
Net operating losses	11,199	14,941
Property and equipment	(83,642)	(91,149)
Intangible assets	(17,246)	(21,020)
Sales-type leases	1,233	874
481(a) adjustment	(2,213)	(446)
Interest rate swap		9
Deferred start-up costs	1,502
Stock compensation expense	452
Foreign liabilities	3,626
Total deferred tax liabilities	$ (90,434)	$ (92,815)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Uncertain tax positions	$ 0	$ 0
Federal
Operating Loss Carryforwards [Line Items]
Federal and state net operating loss carry forwards	41,100
State
Operating Loss Carryforwards [Line Items]
Federal and state net operating loss carry forwards	$ 69,300

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	6 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2017USD ($)shareholder	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
RELATED PARTY TRANSACTIONS
Lease expense		$ 17,000,000	$ 16,000,000	$ 11,200,000
Revenue Equipment
Future minimum lease payments under non-cancelable operating leases
2,018		16,672,000
2,019		13,043,000
2,020		7,072,000
2,021		2,203,000
2,022		1,171,000
Total		40,161,000
Office and Terminals
Future minimum lease payments under non-cancelable operating leases
2,018		8,735,000
2,019		6,802,000
2,020		6,058,000
2,021		5,196,000
2,022		4,578,000
Thereafter		15,121,000
Total		46,490,000
Shareholder and employee
RELATED PARTY TRANSACTIONS
Lease expense		1,900,000	900,000	1,200,000
Shareholder and employee | Revenue Equipment
Future minimum lease payments under non-cancelable operating leases
2,018		110
2,019		110
2,020		93
2,021		8
Total		321
Shareholder and employee | Office and Terminals
Future minimum lease payments under non-cancelable operating leases
2,018		2,597
2,019		2,590
2,020		2,484
2,021		2,325
2,022		2,499
Thereafter		7,414
Total		19,909
Main Street Capital Corporation
RELATED PARTY TRANSACTIONS
Interest Expense, Related Party		500,000	2,600,000	2,500,000
Accrued interest, Related parties			400,000
Prudential Capital Partners
RELATED PARTY TRANSACTIONS
Interest Expense, Related Party		500,000	2,600,000	2,500,000
Accrued interest, Related parties			400,000
LST Seller notes
RELATED PARTY TRANSACTIONS
Interest Expense, Related Party		$ 400,000	2,200,000	2,200,000
Accrued interest, Related parties			200,000
BHE Seller notes
RELATED PARTY TRANSACTIONS
Interest Expense, Related Party	$ 100,000		100,000
Vendor
Future minimum lease payments under non-cancelable operating leases
Stock holders investment percentage		1.00%
Payment to vendor for product and subscription purchases		$ 600,000	800,000	500,000
Due to Related Parties		$ 10,000	20,000
Shareholders and minority owners
Future minimum lease payments under non-cancelable operating leases
Number of shareholders are minority owners in VIE | shareholder		2
Revenue from Related Parties		$ 400,000	500,000	400,000
Accounts Receivable, Related Parties		53,000	27,000
Carrier
Future minimum lease payments under non-cancelable operating leases
Revenue from Related Parties		$ 200,000	$ 0	$ 0

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details)

Dec. 15, 2017$ / shares

Nov. 19, 2017$ / shares

Oct. 20, 2017$ / shares

Oct. 17, 2017$ / shares

Sep. 20, 2017shares

Sep. 19, 2017USD ($)$ / sharesshares

Jul. 28, 2017$ / shares

Jul. 18, 2017$ / shares

Apr. 24, 2017$ / shares

Feb. 27, 2017USD ($)$ / sharesshares

Feb. 21, 2017$ / shares

Oct. 13, 2016$ / shares

Feb. 28, 2017shares

Dec. 31, 2017USD ($)Voteitem$ / sharesshares

Dec. 31, 2016USD ($)$ / sharesshares

Dec. 31, 2015USD ($)$ / shares

Number of votes for each common stock | Vote

1

Issuance of stock (in Shares)

5,292,000

5,675,967

Common stock par value | $ / shares

$ 0.0001

Issuance of stock | $

$ 63,600,000

$ 127,303,000

2017 Omnibus Incentive Plan

Shares of common stock reserved for future issuance

1,800,000

Warrants

Total number of warrants outstanding

35,040,658

Share issued for exercise of warrants (in shares)

17,520,329

Shares that can be purchased out of each warrant

0.50

Exercise price per half share (in dollars per share) | $ / shares

$ 5.75

Exercise price per whole share (in dollars per share) | $ / shares

$ 11.50

Expiration term of public warrants

5 years

Public Warrants

Total number of warrants outstanding

19,959,902

Redemption price per warrant | $

$ 0.01

Redemption price per warrant subject to stated common stock value | $ / shares

$ 24

Warrants exercisable period

30 days

Number of trading days in which the price per share should equals or exceeds $24.00 per share to call the Public Warrants for redemption | item

20

Private Warrants

Total number of warrants outstanding

15,080,756

Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc

Proceeds from convertible preferred stock | $

$ 65,000,000

IPO

Issuance of stock (in Shares)

4,882,167

Selling Stockholders

Issuance of stock (in Shares)

409,833

Gross selling price to public | $ / shares

$ 12

Net selling price to public | $ / shares

$ 11.34

Underwriting agreement

Issuance of stock (in Shares)

793,800

Duration to purchase additional shares

30 days

Series A

Proceeds from convertible preferred stock | $

$ (65,000,000)

Preferred stock, par value | $ / shares

$ 0.0001

Number of shares of the company's stock issued upon initial conversion

8.6957

Initial conversion rate per share (in dollars per share) | $ / shares

$ 11.50

Number of years of anniversary from issue date for holder elects to convert (in years)

7 years

Number of consecutive trading days commencing on trading day immediately following notice (in days)

20 days

Shares would be issuable upon conversion of currently outstanding shares (in shares)

5,652,173

Minimum percentage of weighted average price of common stock under preferred stock conversion on or after third anniversary (as a percent)

140.00%

Minimum trading days of weighted average price of common stock under preferred stock conversion on or after third anniversary (in days)

20 days

Maximum trading days of weighted average price of common stock under preferred stock conversion on or after third anniversary (in days)

30 days

Minimum percentage of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (as a percent)

115.00%

Minimum trading days of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (in days)

20 days

Maximum trading days of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (in days)

30 days

Minimum trading days of weighted average price of common stock under preferred stock conversion on or after seventh anniversary (in days)

10 days

Maximum days for conversion of preferred stock into common stock due to fundamental changes (in days)

15 days

Base price for calculation of conversion rate | $ / shares

$ 100

Percentage of closing sale price of common stock

66.67%

Minimum percentage of shares of common stock owned by holder for limitation in preferred stock

9.99%

Maximum percentage of shares can be converted to common stock

19.99%

Preferred share liquidation amount per share | $ / shares

$ 100

Dividend rate (as a percent)

7.625%

Preferred stock, quarterly dividend declared (in dollars per share) | $ / shares

$ 1.91

$ 1.91

$ 1.91

$ 0.68

$ 6.40

Dividend paid (in dollars per share) | $ / shares

$ 1.91

$ 1.91

$ 2.59

Accrued convertible preferred dividends | $

$ 0

Series A | Maximum

Number of business days following tenth consecutive trading day to convert shares (in days)

5 days

Number of trading days from receipt of Notice of Conversion (in days)

2 days

Series A | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc

Preferred stock, issued (in shares)

650,000

Proceeds from convertible preferred stock | $

$ 65,000,000

Series A | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Private Warrants

Issuance of stock (in Shares)

650,000

Proceeds from convertible preferred stock | $

$ 65,000,000

Series B

Preferred stock, issued (in shares)

64,500

Proceeds from convertible preferred stock | $

$ 875,000

Preferred stock, quarterly dividend declared (in dollars per share) | $ / shares

$ 12.50

$ 18.75

$ 12.50

$ 18.75

$ 75

Dividend paid (in dollars per share) | $ / shares

$ 31.25

Accrued convertible preferred dividends | $

$ 1,209,000

$ 1,277,000

Preferred stock, outstanding (in shares)

64,500

Conversion of Convertible Stock to common shares (in shares)

9,301,150

Series B | Accrued expenses and other liabilities

Accrued convertible preferred dividends | $

$ 1,200,000

STOCK-BASED COMPENSATION Option

STOCK-BASED COMPENSATION Options (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 27, 2017	Dec. 31, 2016
Stock options and restricted stock units granted under the 2017 Plan
Common stock, shares authorized	250,000,000		250,000,000
Stock option grants under the Plan
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
2017 Omnibus Incentive Plan
Stock options and restricted stock units granted under the 2017 Plan
Common stock, shares authorized		4,500,000
2017 Omnibus Incentive Plan | Stock Option
Stock option grants under the Plan
# of Options Granted	1,664,995
Issued and Outstanding (in shares)	1,655,995
Weighted Average Exercise Price (in dollars per share)	$ 10.36
2017 Omnibus Incentive Plan | Director Group
Stock option grants under the Plan
# of Options Granted	150,000
Issued and Outstanding (in shares)	150,000
Vesting Period (in years)	5 years
Weighted Average Exercise Price (in dollars per share)	$ 9.98
Weighted Average Grant Date Fair Value (in dollars)	$ 654,000
Restricted stock unit grants under the Plan
Vesting Period (in years)	5 years
2017 Omnibus Incentive Plan | Employee Group
Stock option grants under the Plan
# of Options Granted	1,514,995
Issued and Outstanding (in shares)	1,505,995
Vesting Period (in years)	5 years
Weighted Average Exercise Price (in dollars per share)	$ 10.40
Weighted Average Grant Date Fair Value (in dollars)	$ 6,822,157
Restricted stock unit grants under the Plan
Vesting Period (in years)	5 years
2017 Omnibus Incentive Plan | Restricted Stock Units (RSUs)
Stock option grants under the Plan
Vesting Period (in years)	5 years
Restricted stock unit grants under the Plan
# of Restricted Stock Units Granted	1,008,868
Vesting Period (in years)	5 years
Grant Date Fair Value	$ 10,078,591

STOCK-BASED COMPENSATION Fair V

STOCK-BASED COMPENSATION Fair Value (Details)	12 Months Ended
	Dec. 31, 2017
Fair value of stock option grants
Weighted average expected life	6 years 6 months
Expected dividend rate	0.00%
Minimum
Fair value of stock option grants
Risk-free interest rate	1.95%
Expected volatility	40.10%
Maximum
Fair value of stock option grants
Risk-free interest rate	2.23%
Expected volatility	40.60%

STOCK-BASED COMPENSATION Opti74

STOCK-BASED COMPENSATION Option Activity (Details) - 2017 Omnibus Incentive Plan - Stock Option $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Shares
Granted (in shares) | shares	1,664,995
Forfeited (in shares) | shares	(9,000)
Outstanding, at the end (in shares) | shares	1,655,995
Weighted Average Exercise Price
Granted (in dollars per shares) | $ / shares	$ 10.36
Forfeited or expired (in dollars per shares) | $ / shares	9.98
Outstanding, at the end (in dollars per shares) | $ / shares	$ 10.36
Weighted Average Remaining Contractual Terms and Aggregate Intrinsic Value
Granted (Years)	10 years
Weighted Average Remaining Contractual Terms (Years)	9 years 3 months 18 days
Exercisable at the end, Weighted Average Remaining Contractual Terms (Years)	0 years
Forfeited or expired ((in dollars) | $	$ 20
Outstanding, at the end (in dollars) | $	$ 6,505

STOCK-BASED COMPENSATION Restri

STOCK-BASED COMPENSATION Restricted Stock (Details) - 2017 Omnibus Incentive Plan - Restricted Stock Units (RSUs)	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Number of Units
Granted (in units) | shares	1,008,868
Forfeited (in units) | shares	(245,277)
Outstanding at the end (in units) | shares	763,591
Weighted Average Grant Date Fair Value (Per Unit)
Granted (per unit) | $ / shares	$ 9.99
Forfeited (per unit) | $ / shares	10.01
Outstanding at the end (per unit) | $ / shares	$ 9.98

STOCK-BASED COMPENSATION Aggreg

STOCK-BASED COMPENSATION Aggregate (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Stock Option
Stock-based compensation
Unrecognized stock-based compensation expense	$ 6.4
Weighted average period of recognition	4 years 2 months 12 days
Restricted Stock Units (RSUs)
Stock-based compensation
Unrecognized stock-based compensation expense	$ 6.9
Weighted average period of recognition	4 years 6 months
Salaries, wages and employee benefits
Stock-based compensation
Aggregate stock-based compensation charges	$ 1.9

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator
Net income (loss)	$ 38,799	$ 50	$ (4,107)	$ (7,746)	$ (10,793)	$ (1,257)	$ 1,011	$ (1,240)	$ 26,996	$ (12,279)	$ 3,263
Convertible Cumulative Preferred Stock dividends									(4,964)	(4,770)	(4,736)
Net income (loss) available to common stockholders	$ 37,559	$ (1,175)	$ (5,800)	$ (8,552)	$ (11,834)	$ (2,500)	$ (232)	$ (2,483)	$ 22,032	$ (17,049)	$ (1,473)
Weighted-average common shares outstanding:
Basic weighted average common shares outstanding									37,592,549	20,980,961	20,980,961
Effect of dilutive securities:
Equivalent shares issuable upon achievement of Merger Agreement earn-out provision									1,250,000
Equivalent shares issuable upon exercises of stock options									254,312
Equivalent shares of restricted stock units									496,840
Denominator for diluted earnings per share - adjusted weighted average shares and consumed conversions									39,593,701	20,980,961	20,980,961
Basic earnings (loss) per common share	$ 0.82	$ (0.03)	$ (0.15)	$ (0.32)					$ 0.59	$ (0.81)	$ (0.07)
Diluted earnings (loss) per common share	$ 0.62	$ (0.03)	$ (0.15)	$ (0.32)					$ 0.56	$ (0.81)	$ (0.07)
Series A
Preferred stock dividend rate (as a percent)									7.625%

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($)	Dec. 19, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Company's expense under matching requirements		$ 2,400,000	$ 2,200,000	$ 1,300,000
Defined Contribution Plan, Employer Discretionary Contribution Amount			0	$ 172,000
Employer contributions		$ 153,000	3,218,000
Subordinated debt			$ 66,443,000
Bulldog Hiway Express (BHE)
Employer contributions	$ 3,200,000
Subordinated debt	1,700,000
Cash payments for business consideration	$ 1,500,000

EMPLOYEE BENEFIT PLANS - Benefi

EMPLOYEE BENEFIT PLANS - Benefit Obligation and Plan Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Changes in Projected benefit obligation and plan assets
Projected benefit obligation at beginning of period		$ 9,298,000
Actuarial gain		(1,282,000)
Plan termination		(8,016,000)
Fair value of plan assets at beginning of period		4,798,000
Employer contributions	$ 153,000	3,218,000
Distribution on plan termination		$ (8,016,000)

INTEREST RATE SWAP (Details)

INTEREST RATE SWAP (Details)	Dec. 31, 2016USD ($)
Interest Rate Swap Agreement | Designated as hedging | Cash flow hedge
Derivative [Line Items]
Interest rate swap liability at fair value	$ 51,871

COMMITMENTS AND CONTINGENCIES81

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Leased Assets [Line Items]
Rent expense	$ 17,000	$ 16,000	$ 11,200
Outstanding letters of credit	13,700
Revenue Equipment
Future minimum lease payments under non-cancelable operating leases
2,018	16,672
2,019	13,043
2,020	7,072
2,021	2,203
2,022	1,171
Total	40,161
Office and Terminals
Future minimum lease payments under non-cancelable operating leases
2,018	8,735
2,019	6,802
2,020	6,058
2,021	5,196
2,022	4,578
Thereafter	15,121
Total	$ 46,490

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	$ 846,304	$ 651,802	$ 678,845
Operating income (loss)	7,015	10,633	31,008
Depreciation	70,168	61,499	58,407
Amortization of intangible assets	6,695	6,001	5,166
Interest expense	29,556	23,124	20,602
Loss before provision for income taxes	(25,286)	(12,116)	10,726
Total assets	1,125,668	570,235	627,607
Capital expenditures	41,689	40,568	106,142
Corporate/Eliminations
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	(6,934)	(4,636)	(4,527)
Operating income (loss)	(26,791)	(21,288)	(12,377)
Depreciation	149	156	118
Interest expense	14,021	10,731	9,762
Loss before provision for income taxes	(18,163)	(14,951)	(10,316)
Total assets	70,355	4,709	8,552
Capital expenditures	600	215	581
Flatbed
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses	3,000	2,200	2,100
Flatbed | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	354,106	310,440	306,320
Operating income (loss)	18,461	15,643	20,231
Depreciation	27,436	28,523	28,706
Amortization of intangible assets	1,747	1,922	1,570
Interest expense	7,110	5,953	4,939
Loss before provision for income taxes	(835)	852	9,393
Total assets	379,475	283,370	304,328
Capital expenditures	8,405	18,427	62,416
Specialized
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses	3,900	2,400	2,400
Specialized | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	499,132	345,998	377,052
Operating income (loss)	15,345	16,278	23,154
Depreciation	42,583	32,820	29,583
Amortization of intangible assets	4,948	4,079	3,596
Interest expense	8,425	6,440	5,901
Loss before provision for income taxes	(6,288)	1,983	11,649
Total assets	675,838	282,156	314,727
Capital expenditures	$ 32,684	$ 21,926	$ 43,145

QUARTERLY RESULTS (UNAUDITED)83

QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Freight	$ 186,310	$ 171,245	$ 149,654	$ 125,555	$ 119,395	$ 135,415	$ 136,792	$ 126,259	$ 632,764	$ 517,861	$ 506,582
Brokerage	37,220	34,198	28,656	20,869	19,051	25,977	21,778	20,604	120,943	87,410	108,900
Logistics	11,503	7,871	2,700						22,074
Fuel surcharge	22,192	18,008	16,313	14,010	11,970	12,756	11,787	10,018	70,523	46,531	63,363
Total revenue	257,225	231,322	197,323	160,434	150,416	174,148	170,357	156,881	846,304	651,802	678,845
Operating expenses:
Salaries, wages and employee benefits	76,734	64,955	58,186	50,121	47,929	49,298	50,207	50,355	249,996	197,789	178,703
Fuel	29,326	24,734	20,466	19,223	17,789	17,296	17,283	14,497	93,749	66,865	70,296
Operations and maintenance	31,067	35,132	28,967	23,224	23,167	27,874	24,358	20,701	118,390	96,100	98,734
Communications	653	539	549	404	410	370	354	484	2,145	1,618	2,034
Purchased freight	76,310	61,598	49,760	37,586	33,553	42,541	41,185	36,775	225,254	154,054	181,985
Administrative expenses	9,214	8,619	8,022	7,378	7,539	5,221	5,096	7,394	33,233	25,250	21,710
Sales and marketing	539	488	555	383	462	435	483	363	1,965	1,743	2,911
Taxes and licenses	3,200	2,963	2,611	2,281	2,276	2,268	2,345	2,333	11,055	9,222	9,228
Insurance and claims	8,446	6,351	5,042	4,123	5,466	5,065	4,542	4,041	23,962	19,114	19,655
Acquisition-related transaction expenses	1,122	773	1,037	445	7		3	15	3,377	25	1,192
Depreciation and amortization	23,105	19,805	17,638	16,315	16,985	16,998	16,644	16,873	76,863	67,500	63,573
Gain on disposition of revenue property and equipment	(187)	(339)	26	(200)	(273)	(495)	571	81	(700)	(116)	(2,184)
Impairments					810	1,195				2,005
Total operating expenses	259,529	225,618	192,859	161,283	156,120	168,066	163,071	153,912	839,289	641,169	647,837
Total other expense	7,731	8,516	6,387	9,667	5,534	6,656	5,301	5,258	32,301	22,749	20,282
Provision (benefit) for income taxes	(48,834)	(2,862)	2,184	(2,770)	(445)	683	974	(1,049)	(52,282)	163	7,463
Net income (loss)	38,799	50	(4,107)	(7,746)	(10,793)	(1,257)	1,011	(1,240)	26,996	(12,279)	3,263
Convertible preferred stockholders dividend	(1,240)	(1,225)	(1,693)	(806)	(1,041)	(1,243)	(1,243)	(1,243)
Net income (loss) attributable to common stockholders	$ 37,559	$ (1,175)	$ (5,800)	$ (8,552)	$ (11,834)	$ (2,500)	$ (232)	$ (2,483)	$ 22,032	$ (17,049)	$ (1,473)
Basic earnings (loss) per common share	$ 0.82	$ (0.03)	$ (0.15)	$ (0.32)					$ 0.59	$ (0.81)	$ (0.07)
Diluted earnings (loss) per common share	$ 0.62	$ (0.03)	$ (0.15)	$ (0.32)					$ 0.56	$ (0.81)	$ (0.07)
Net loss per common share - Basic & Diluted					$ (0.57)	$ (0.12)	$ (0.01)	$ (0.12)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 16, 2018	Feb. 14, 2018	Sep. 20, 2017	Sep. 19, 2017	Dec. 31, 2017
SUBSEQUENT EVENTS
Issuance of stock (in Shares)				5,292,000	5,675,967
Issuance of stock				$ 63,600	$ 127,303
Underwriting agreement
SUBSEQUENT EVENTS
Issuance of stock (in Shares)			793,800
Duration to purchase additional shares			30 days
Subsequent Event
SUBSEQUENT EVENTS
Issuance of stock (in Shares)		7,500,000
Share Price		$ 10.60
Issuance of stock		$ 84,600
Subsequent Event | Underwriting agreement
SUBSEQUENT EVENTS
Issuance of stock (in Shares)	1,125,000
Duration to purchase additional shares	30 days