Daseke (DSKE) 10-K 8 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 06, 2019	Jun. 30, 2018
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, 2018
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
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 431,568,246
Common shares outstanding		64,469,672

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 45,974	$ 90,679
Accounts receivable, net	209,206	127,368
Drivers’ advances and other receivables	5,461	4,792
Current portion of net investment in sales-type leases	16,213	10,979
Parts supplies	4,914	4,653
Prepaid and other current assets	26,282	28,240
Total current assets	308,050	266,711
Property and equipment, net	572,719	429,639
Intangible assets, net	208,791	93,120
Goodwill	258,365	302,702
Other long-term assets	42,943	33,496
Total assets	1,390,868	1,125,668
Current liabilities:
Accounts payable	22,160	12,488
Accrued expenses and other liabilities	46,542	25,876
Accrued payroll, benefits and related taxes	21,698	14,004
Accrued insurance and claims	18,059	12,644
Current portion of long-term debt	63,535	43,056
Other current liabilities	21,865
Total current liabilities	193,859	108,068
Line of credit		4,561
Long term debt, net of current	622,650	569,740
Deferred tax liabilities	126,830	90,434
Other long-term liabilities	531	1,632
Total liabilities	943,870	774,435
Commitments and contingencies (Note 16)
Stockholders’ equity:
Common stock (par value $0.0001 per share); 250,000,000 shares authorized, 64,455,174 and 48,712,288 shares issued and outstanding at December 31, 2018 and 2017, respectively	6	5
Additional paid-in-capital	433,867	277,931
Retained earnings (accumulated deficit)	(51,005)	7,338
Accumulated other comprehensive income (loss)	(870)	959
Total stockholders’ equity	446,998	351,233
Total liabilities and stockholders’ equity	1,390,868	1,125,668
Series A convertible preferred stock
Stockholders’ equity:
Preferred stock value	65,000	65,000
Total stockholders’ equity	$ 65,000	$ 65,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, issued	64,455,174	48,712,288
Common stock, outstanding	64,455,174	48,712,288
Series A convertible preferred stock
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	650,000	650,000
Preferred liquidation preference	$ 65,000	$ 65,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Total revenue	$ 1,613,082	$ 846,304	$ 651,802
Operating expenses:
Salaries, wages and employee benefits	407,429	249,996	197,789
Operations and maintenance	181,534	118,390	96,100
Communications	3,334	2,145	1,618
Administrative expenses	58,385	33,233	25,250
Sales and marketing	3,369	1,965	1,743
Insurance and claims	45,826	23,962	19,114
Acquisition-related transaction expenses	2,684	3,377	25
Depreciation and amortization	131,082	76,863	67,500
Gain on disposition of revenue property and equipment	(3,236)	(700)	(116)
Impairment	13,890		2,005
Total operating expenses	1,591,171	839,289	641,169
Income from operations	21,911	7,015	10,633
Other expense (income):
Interest income	(1,323)	(398)	(44)
Interest expense	45,505	29,556	23,124
Write-off of unamortized deferred financing fees		3,883
Other	(1,162)	(740)	(331)
Total other expense	43,020	32,301	22,749
Income (loss) before provision (benefit) for income taxes	(21,109)	(25,286)	(12,116)
Provision (benefit) for income taxes	(15,922)	(52,282)	163
Net income (loss)	(5,187)	26,996	(12,279)
Other comprehensive income:
Unrealized income on interest rate swaps		52	62
Foreign currency translation adjustments, net of tax expense (benefit) of $(487) and $517, respectively	(1,829)	959
Comprehensive income (loss)	(7,016)	28,007	(12,217)
Net income (loss)	(5,187)	26,996	(12,279)
Net income (loss) attributable to common stockholders	$ (10,143)	$ 22,032	$ (17,049)
Net income (loss) per common share:
Basic (in dollars per share)	$ (0.16)	$ 0.59	$ (0.81)
Diluted (in dollars per share)	$ (0.16)	$ 0.56	$ (0.81)
Weighted-average common shares outstanding:
Basic (in shares)	61,654,820	37,592,549	20,980,961
Diluted (in shares)	61,654,820	39,593,701	20,980,961
Series A
Other comprehensive income:
Convertible preferred stockholders dividend	$ (4,956)	$ (4,158)
Weighted-average common shares outstanding:
Dividends declared per convertible preferred share	$ 7.63	$ 6.40
Series B
Other comprehensive income:
Convertible preferred stockholders dividend		$ (806)	$ (4,770)
Weighted-average common shares outstanding:
Dividends declared per convertible preferred share		$ 12.50	$ 18.75
Freight
Revenues:
Total revenue	$ 1,162,193	$ 632,764	$ 517,861
Brokerage
Revenues:
Total revenue	266,437	120,943	87,410
Logistics
Revenues:
Total revenue	42,764	22,074
Fuel
Revenues:
Total revenue	141,688	70,523	46,531
Operating expenses:
Cost of revenue	141,097	93,749	66,865
Service
Operating expenses:
Cost of revenue	588,603	225,254	154,054
Taxes and licenses	$ 17,174	$ 11,055	$ 9,222

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Consolidated Statements of Operations and Comprehensive Loss
Foreign currency translation adjustments tax expense (benefit)	$ (487)	$ 517

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Series A convertible preferred stockRetained Earnings (Accumulated Deficit).	Series A convertible preferred stock	Series B convertible preferred stockCommon Stock Member	Series B convertible preferred stockRetained Earnings (Accumulated Deficit).	Series B convertible preferred stock	Common Stock Member	Additional Paid-In Capital Member	Retained Earnings (Accumulated Deficit).	Accumulated Other Comprehensive (Loss)	Total
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 (loss)								(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
Issuance of common stock		$ 65,000				$ 2	127,301			127,303
Issuance of common stock (in shares)						10,996,328
Income on interest rate swaps									52	52
Convertible preferred stockholders dividend	$ (4,158)	$ (4,158)		$ (806)	$ (806)
Repurchase of common stock ( in Value)						$ (1)	(36,167)			(36,168)
Repurchase of common shares (in Shares)						(3,616,781)
Convertible Preferred Stock to common stock			$ 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)
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 (loss)								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
Exercise of stock options (in Value)							50			50
Exercise of stock options (in shares)						5,000
Exercised of warrants (in shares)						2
Vesting of restricted stock units (in Value)							(409)			(409)
Vesting of restricted stock units (in Shares)						84,516
Issuance of common stock						$ 1	104,510			$ 104,511
Issuance of common stock (in shares)						10,653,368				5,675,967
Issuance of earnout shares							48,200	(48,200)		$ 48,200
Issuance of earnout shares (in shares)						5,000,000
Convertible preferred stockholders dividend	$ (4,956)	$ (4,956)
Stock based compensation expense							3,585			3,585
Foreign currency translation adjustments									(1,829)	(1,829)
Net income (loss)								(5,187)		(5,187)
Balance (in Value) at Dec. 31, 2018		$ 65,000				$ 6	$ 433,867	$ (51,005)	$ (870)	$ 446,998
Balance (in Shares) at Dec. 31, 2018		650,000				64,455,174

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net income (loss)	$ (5,187)	$ 26,996	$ (12,279)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation	114,439	70,168	61,499
Amortization of intangible assets	16,643	6,695	6,001
Amortization of deferred financing fees	2,951	1,777	1,347
Write-off of deferred financing fees		3,883
Stock-based compensation expense	3,585	1,875
Deferred taxes	(19,836)	(53,394)	(349)
Bad debt expense	1,097	235	612
Non-cash interest expense		92	1,078
Gain on disposition of property and equipment	(3,236)	(699)	(116)
Gain on disposition of building	(780)
Deferred gain recognized on sales-type leases	(2,403)	(1,362)	(751)
Impairment	13,890		2,005
Changes in operating assets and liabilities
Accounts receivable	(33,176)	(15,294)	8,660
Drivers’ advances and other receivables	26	519	(405)
Payments received on sales-type leases	14,723	5,761	3,653
Prepaid and other current assets	(4,240)	(3,437)	6,352
Accounts payable	(8,889)	283	(1,034)
Accrued expenses and other liabilities	15,656	1,666	(9,858)
Net cash provided by operating activities	105,263	45,764	66,415
Cash flows from investing activities
Purchase of property and equipment	(66,414)	(19,792)	(4,108)
Proceeds from sale of property and equipment	26,359	5,773	5,906
Cash paid in acquisitions, net of cash acquired	(131,716)	(279,834)
Net cash provided by (used in) investing activities	(171,771)	(293,853)	1,798
Cash flows from financing activities:
Advances on line of credit	1,101,197	754,635	702,846
Repayments on line of credit	(1,105,759)	(756,932)	(706,724)
Principal payments on and payoff of long-term debt	(58,593)	(239,506)	(72,987)
Proceeds from Term Loan Facility		500,000
Proceeds from long-term debt	6,105	12,301	14,188
Deferred financing fees	(1,530)	(19,193)	(1,889)
Pay off of subordinated debt		(66,715)
Proceeds from issuance of common stock	84,397	127,893
Repurchase of common stock		(36,168)
Exercise of options	50
Net cash provided by (used in) financing activities	20,911	335,141	(69,404)
Effect of exchange rates on cash and cash equivalents	892	(68)
Net increase (decrease) in cash and cash equivalents	(44,705)	86,984	(1,191)
Cash and cash equivalents – beginning of year	90,679	3,695	4,886
Cash and cash equivalents – end of year	45,974	90,679	3,695
Supplemental disclosure of cash flow information
Cash paid for interest	42,663	28,676	20,523
Cash paid for income taxes	2,357	1,078	1,010
Noncash investing and financing activities
Property and equipment acquired with debt or capital lease obligations	89,551	21,897	33,467
Accrued capital expenditures	321
Property and equipment sold for notes receivable	786	555	452
Property and equipment transferred to sales-type lease	9,437	7,053	6,240
Assets held for sale returned to property and equipment			351
Sales-type lease returns to property and equipment	1,322	818	1,830
Sales-type lease assets acquired with debt or capital lease obligations	9,873	4	538
Sales-type lease assets sold for notes receivable	57,600	28,405	20,934
Sales-type lease returns to sales-type lease assets	32,913	19,720	16,784
Common stock issued in acquisitions	19,706	63,987
Issuance of earnout shares	48,200
Series A
Cash flows from financing activities:
Issuance of convertible preferred stock		65,000
Convertible preferred stock dividends	(4,956)	(4,158)
Noncash investing and financing activities
Accrued convertible preferred dividends	$ 0	0
Series B
Cash flows from financing activities:
Convertible preferred stock dividends		$ (2,016)	(4,838)
Noncash investing and financing activities
Accrued convertible preferred dividends			1,209
BHE Subordinated Notes forgiven to fund pension plan liability			$ 1,709

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
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 3) 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, the Department of Defense and the Department of Energy in the United States. Additionally, the Company is also subject to regulations by the Ministries of Transportation and Communications and various provinces regulatory authorities in Canada. 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, 2018 2017 Beginning balance $ 212 $ 321 Provision, charged to expense 1,097 235 Write-off, less recoveries (154) (344) Ending balance $ 1,155 $ 212 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, 2018 and 2017. 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, computer equipment and capitalized software development 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 a combination of discounted expected future cash flows (income approach) and guideline public companies method (market approach). 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. During the preparation of the annual goodwill impairment analysis in the fourth quarter of 2018, the Company identified a triggering event caused by the decline of the Company’s stock price from $8.20 per share at October 1, 2018 to $3.68 per share at December 31, 2018 . Because of the significant decline in its stock price, the Company updated the annual impairment analysis as of December 31, 2018. The result of the goodwill impairment analyses prepared in the fourth quarter was a non-cash, non-tax deductible goodwill impairment charge of $11.1 million as the carrying value of one of the Company’s reporting units exceeded its estimated fair value. 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 for the year ended December 31, 2016. The impairment charges are included in impairment on the consolidated statements of operations and comprehensive income (loss). There was no goodwill impairment identified for the year ended December 31, 2017. 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. In June 2018, the Company recorded an impairment charge of $2.8 million related to the trade names category of intangible assets. The trade name was impaired as a result of the reorganization and merger of two of the Company’s operating companies. No indicators of impairment for indefinite-lived intangible assets were identified for the years ended December 31, 2017 and 2016. Revenue and Expense Recognition The Company’s revenue and related costs are recognized when the Company satisfies its performance obligation(s) transferring goods or services to the customer and the customer obtains control . With respect to freight, brokerage, logistics and fuel surcharge revenue, these conditions are met, and the Company recognizes freight, brokerage and fuel surcharge revenue, over time, and logistics revenue, as the services are provided. While there may be master service agreements with Company customers, a contract is not established until the customer specifically requests the Company’s services and the Company accepts. The Company evaluates each contract for distinct performance obligations. In the Company’s business, a typical performance obligation is the transportation of a load including any highly interrelated ancillary services. The Company predominantly estimates the standalone selling price of its services based upon observable evidence, market conditions and other relevant inputs. The Company allocates the total transaction price to each distinct performance obligation based upon the relative standalone selling prices. The Company’s customers simultaneously receive and consume the benefits of the Company’s contracts; therefore revenue is recognized over time. This is a faithful depiction of the satisfaction of the performance obligation, as the customer does not need to re-perform the transportation services the Company has provided to date. Generally, the Company’s customers are billed upon delivery of the freight or monthly and remit payment according to the approved payment terms. Brokerage Revenue The Company regularly engages third-party capacity providers to haul loads brokered to them when it needs additional capacity. The Company is primarily responsible for fulfilling the promise to provide load transportation services, and has discretion in setting prices, along with the risk to fulfill the contract to the customer. Based upon this evaluation, the Company has determined that it is the principal and therefore, records gross revenues and expenses for brokerage services. Logistics Revenue In addition to freight revenue, the Company also recognizes logistics revenue as a separate revenue stream. Logistics revenue is generated from a range of services, including value-added warehousing, loading and unloading, vehicle maintenance and repair, preparation and packaging, fuel management, and other fleet management solutions. The Company recognizes logistics revenue as services are completed. Advertising Advertising costs are expensed as incurred and were insignificant for the years ended December 31, 2018, 2017 and 2016. 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, 2018 and 2017. The Company is no longer subject to United States federal income tax examinations by tax authorities for years before 2015. The Company is no longer subject to state income tax examinations by tax authorities for years before 2014. Concentrations of Credit Risk Financial instruments that potentially subject the Company to credit risk include accounts receivable. No customer represented greater than 7% of trade accounts receivable as of December 31, 2018 and 2017. No customer represented 10% or more of total revenue for the years ended December 31, 2018, 2017 and 2016. 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, 2018 and 2017, the balance of deferred finance charges was $16.2 million and $17.7 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, 2018, 2017 and 2016 totaled $3.0 million, $1.8 million and $1.3 million, respectively, which is included in interest expense. In February 2017, in conjunction with new term loan financing, as amended, discussed in Note 10, 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 3, the Company’s lone interest rate swap was terminated. The table below is a summary of the changes in the fair value of this liability for the year ended December 31, 2017 (in thousands): 2017 Balance, beginning of year $ (52) Change in fair value 52 Balance, end of year $ — The Company may be required, on a non-recurring basis, to adjust the carrying value of the Company’s property and equipment, intangible assets, goodwill and contingent consideration. When necessary, these valuations are determined by the Company using Level 3 inputs. These assets are subject to fair value adjustments in certain circumstances, such as when there is evidence that impairment may exist. The Company valued contingent consideration for acquisition related earn-outs (see Note 4 for details) using Level 3 inputs. The tables below are a summary of the changes in the fair value of the earn-out liability for the years ended December 31, 2018 and 2017 (in thousands): 2018 2017 Balance, beginning of year $ 800 $ 1,140 Fair value of earn-out liability for acquisition 21,165 — Change in fair value (100) (340) Balance, end of year $ 21,865 $ 800 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 4), 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 16 operating segments as of December 31, 2018, 15 operating segments as of December 31, 2017 and 8 operating segments as of Deccember 31, 2016 that are aggregated into two reportable segments: Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment, and Specialized Solutions segment focuses on delivering transportation and logistics solutions that require the use of specialized trailering transportation 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). For the years ended December 31, 2018 and 2017, shares of the Company’s 7.625% Series A Convertible Cumulative Preferred Stock (Series A Preferred Stock) and outstanding stock options were not included in the computation of diluted earnings (loss) per share as their effects were anti-dilutive. Additionally, for the years ended December 31, 2018 and 2017, there was no dilutive effect from the Merger Agreement earn-out provision (see Note 3) or the outstanding warrants to purchase shares of the Company’s common stock (the common stock purchase warrants). For the year ended December 31, 2017, 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. See Note 18 for the effects of non-vested restricted stock units on basic and diluted earnings per share under the two-class method. 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 13 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 U.S. 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. 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 the Company’s 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, 2018 and 2017, totaled $3.6 million and $9.9 million, respectively. Assets held for sale totaled $2.7 million and $7.0 million for the Flatbed Solutions segment as of December 31, 2018 and 2017, respectively. Assets held for sale totaled $0.9 and $2.9 million for the Specialized Solutions segment as of December 31, 2018 and 2017, respectively. 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 balance sheets in current portion of net investment in sales-type leases and other long-term assets. New Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updated (ASU) 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement (Cloud-based) that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU 2018-15 will become effective for annual periods beginning after December 15, 2019 and interim periods within those periods, with early adoption permitted. ASU 2018-15 can be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company has elected to early adopt ASU 2018-15 on a prospective basis and has capitalized relevant software implementation costs of approximately $2.0 million as of December 31, 2018. In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740). ASU 2018-05 provides amendments to SEC paragraphs pursuant to SEC Staff Accounting Bulletin (SAB) No. 118 related to the Tax Cuts and Jobs Act (TCJA) that became effective January 2018. The Company adopted the disclosure requirements of SAB 118 as of December 31, 2017, which were included in the Company’s Annual Report on Form 10-K filed March 16, 2018 and as described in SAB 118 carried forward through December 31, 2018. In July 2017, the FASB issued ASU 2017-11, Earnings per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and 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 does not expect the adoption to have a material impact on the consolidated financial statements. 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 became effective for annual periods beginning after December 15, 2017 and interim periods within those periods. The Company adopted this pronouncement on January 1, 2018 which did not have a material impact on its consolidated results of operations, financial condition, cash flows, or financial statement disclosures as there were no changes to the terms or conditions of the Company’s share-based payment awards during year ended December 31, 2018. 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 2016-15 became effective for fiscal years beginning after December 15, 2017 and interim periods within fiscal years. The Company adopted this pronouncement on January 1, 2018 which did not impact its consolidated statement of cash flows. 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 February 2016, the FASB issued ASU 2016-02, Leases, followed by additional accounting standards updates that provided additional practical expedients and policy elections options (collectively, Accounting Standards Codification Topic 842, (ASC 842)). ASC 842 amends various aspects of existing guidance for leases and requires the recognition of 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. ASC 842 is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The Company will adopt ASC 842 using the modified retrospective method and elect the option to not apply ASC 842 to comparative periods. The Company also elected the following practical expedients: · not to apply the recognition requirements to leases with terms of twelve months or less, · carryforward previous conclusions relat

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2018
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 2 – REVENUE RECOGNITION Adoption of New Accounting Standard The Company has evaluated its current accounting practices to the requirements of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and related amendments. This evaluation included an assessment of representative contracts from each of the Company’s revenue streams. The Company was recognizing revenue upon completion of transportation or other services. By nature, the Company’s services are short in duration, typically representing less than one week to completion, therefore the Company has determined that the difference between recognizing revenue upon completion and over time is minimal to its business. The adoption of this standard did not have a material impact on the Company’s financial position, results of operations or cash flows; however, there have been additions and modifications to its existing financial disclosures. While the overall revenue, systems and controls were minimally impacted by the new standard, the underlying recognition methodology has changed. Under the new standard, the Company now recognizes revenue over time as its customers are simultaneously receiving and consuming the benefits of its services, primarily based upon the output method of miles driven. The primary difference for the Company’s business, although currently immaterial, is the recognition of revenue for in-transit services at the end of each reporting period. The Company adopted this guidance as of January 1, 2018, utilizing the modified retrospective method and the practical expedient that applies to all contracts that were not completed at the date of adoption. The Company determined the differences between recognition methods was minimal; thus no opening adjustment was deemed necessary to retained earnings. The comparative information was not restated and continues to be presented under the accounting standards in effect for those periods. The Company does not anticipate any material changes to the costs of obtaining or fulfilling a contract, or corporate taxes. Disclosure Designations The Company has designated the following preference and practical expedients: · Not disclose remaining performance obligations when the expected performance obligation duration is one year or less. The vast majority of the Company’s services transfer control within a month of the inception of the contract with select specialized loads taking several months to allow for increased planning and permitting. · Recognize the incremental costs of obtaining or fulfilling a contract as an expense when incurred, as the amortization period of a potential asset would be recognized in one year or less. · Exclude taxes collected on behalf of government authorities from the Company’s measurement of transaction prices. Tax amounts are not included within net income or cost of sales. Disaggregation of Revenue The Company’s income and segment disclosures have been reviewed to ensure revenues are properly disaggregated in accordance with the new guidance as displayed in the table below: Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Year Ended December 31, 2018 Freight $ 477,722 $ 696,045 $ (11,574) $ 1,162,193 Brokerage 104,184 163,092 (839) 266,437 Logistics 2,987 39,927 (150) 42,764 Fuel surcharge 77,110 66,000 (1,422) 141,688 Total revenue $ 662,003 $ 965,064 $ (13,985) $ 1,613,082 Year Ended December 31, 2017 Freight $ 276,592 $ 362,276 $ (6,104) $ 632,764 Brokerage 40,882 80,225 (164) 120,943 Logistics 192 21,940 (58) 22,074 Fuel surcharge 36,440 34,691 (608) 70,523 Total revenue $ 354,106 $ 499,132 $ (6,934) $ 846,304 Significant Judgments Under ASC 606, significant judgments are required in order to identify contracts with customers and estimate transaction prices. Additional judgments are required for the identification of distinct performance obligations, the estimation of standalone selling prices and the allocation of the transaction price by relative standalone selling prices.

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2018
BUSINESS COMBINATION
BUSINESS COMBINATION	NOTE 3 – 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. The Company met the earn-out provisions for the year ended December 31, 2017 and 5 million shares were issued to the Private Daseke stockholders in the second quarter of 2018. 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 10 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 and a revolving 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, 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, 2018
BUSINESS COMBINATION
ACQUISITIONS	NOTE 4 – 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 20 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. For each acquisition, the aggregate purchase price 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 final purchase price allocations may result in adjustments to certain assets and liabilities, including the residual amount allocated to goodwill. 2018 Acquisitions The following is a summary of the allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s 2018 acquisitions (in thousands): (all amounts in U.S. dollars) Leavitt's Builders Kelsey Trail Aveda Accounts receivable $ 1,968 $ 8,347 $ 2,320 $ 37,255 Parts supplies 53 261 33 — Prepaid and other current assets 384 1,509 382 2,516 Property and equipment 8,551 29,414 9,164 89,752 Goodwill 5,108 14,730 4,201 7,037 Intangible assets 3,600 10,600 1,550 15,001 Other long-term assets — 536 — — Deferred tax liability — (9,202) (3,635) (5,950) Accounts payable and other liabilities (4,935) (19,931) (8,026) (30,007) Total $ 14,729 $ 36,264 $ 5,989 $ 115,604 Leavitt’s Freight Service On August 1, 2018, the Company acquired 100% of the outstanding equity interests of Leavitt’s Freight Service, Inc. (Leavitt’s), based in Springfield, Oregon. Total consideration paid was $14.9 million of cash, which was funded with cash on hand. The acquisition was treated as an asset purchase because Leavitt’s was a qualified subchapter S-subsidiary acquired directly from an S-corporation; therefore, the values assigned to the intangible assets and goodwill are deductible for tax purposes. Approximately $0.3 million of transaction expenses were incurred in the acquisition, which will be deductible for tax purposes because the transaction qualified as an asset purchase. As of December 31, 2018, the valuation of identifiable intangible assets was completed resulting in a decrease of $1.6 million to the provisional intangible assets recorded of $5.2 million, with a corresponding increase to goodwill. The resulting intangible assets totaling $3.6 million consist of trade name valued at $1.8 million, non-compete agreements valued at $0.5 million and customer relationships intangible of $1.3 million. For the three months ended December 31, 2018, the change resulted in an insignificant decrease in amortization expense and accumulated amortization. Builders Transportation On August 1, 2018, the Company acquired 100% of the outstanding equity interests of Builders Transportation Co., LLC (Builders), based in Memphis, Tennessee. Total consideration paid was $36.3 million, consisting of $30.0 million in cash, 399,530 shares of Daseke common stock valued at $3.4 million and the payoff of $2.9 million of outstanding debt. The cash consideration was funded with 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 $0.2 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of December 31, 2018, the valuation of identifiable intangible assets was completed resulting in a decrease of $2.5 million to the provisional intangible assets recorded of $13.1 million, with a corresponding increase to goodwill. The resulting intangible assets totaling $10.6 million consist of trade name valued at $5.0 million, non-compete agreements valued at $0.5 million and customer relationships intangible of $5.1 million. For the three months ended December 31, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $0.2 million, of which $0.1 million is related to the previous quarter. Additionally, goodwill and deferred tax liability were increased by $0.4 million to recognize deferred taxes on the increase in amortizable identifiable intangible assets. Kelsey Trail Trucking On July 1, 2018, the Company acquired 100% of the outstanding equity interests of Kelsey Trail Trucking Ltd. (Kelsey Trail), based in Saskatoon, Saskatchewan province, Canada. Total consideration paid was $6.2 million, consisting of $5.3 million in cash and 95,859 shares of Daseke common stock valued at $0.9 million. The cash consideration was funded with 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 $0.1 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of December 31, 2018, the valuation of identifiable intangible assets was completed resulting in a decrease of $0.3 million to the provisional intangible assets recorded of $1.9 million, with a corresponding increase to goodwill. The resulting intangible assets totaling $1.6 million consist of trade name valued at $1.5 million and non-compete agreements valued at $0.1 million. For the three months ended December 31, 2018, the change resulted in an insignificant decrease in amortization expense and accumulated amortization. Additionally, goodwill and deferred tax liability were increased by $2.5 million to adjust the beginning balance of deferred taxes. Aveda Transportation and Energy Services On June 6, 2018, the Company acquired all of the outstanding common shares of Aveda Transportation and Energy Services Inc., a corporation existing under the laws of the Province of Alberta, Canada (Aveda), pursuant to the Agreement and the Plan of Arrangement (the Agreement). Total consideration paid was $118.7 million, consisting of $27.3 million in cash, 1,612,979 shares of Daseke common stock valued at $15.4 million, and the payoff of $54.8 million of outstanding debt. The Company will also pay to the holders of Aveda common shares up to C$0.45 in cash per Aveda common share, contingent on and based on Aveda’s Company EBITDA (as defined in the Agreement) meeting certain thresholds set forth in the Agreement for the period beginning June 1, 2018 and ending on May 1, 2019 or with agreement of the parties, July 1, 2018 to June 30, 2019. The contingent consideration for this earn-out has been valued at an estimated $21.2 million. The Aveda acquisition was a stock purchase; therefore, the value assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $1.1 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of December 31, 2018, the valuation of identifiable intangible assets was completed resulting in an increase of $6.1 million to the provisional intangible assets recorded of $9.0 million. The resulting intangible assets totaling $15.0 million consist of trade name valued at $6.3 million, non-compete agreements valued at $1.5 million and customer relationships intangible of $7.2 million. For the three months ended December 31, 2018, the change resulted in an insignificant increase in amortization expense and accumulated amortization. Additionally, goodwill and deferred tax liability were increased by $0.7 million to recognize deferred taxes on the increase in amortizable identifiable intangible assets. Additionally, goodwill and deferred tax liability were increased by $4.7 million to adjust the beginning balance of deferred taxes. 2017 Acquisitions The following is a summary of the allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s 2017 acquisitions (in thousands): (all amounts in U.S. dollars) Tennessee Moore Roadmaster Steel Belmont Freight Group Haulers R&R Steelman Schilli Big Freight Accounts receivable $ 240 $ 4,456 $ 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 2,295 2,548 287 Property and equipment 1,548 22,052 36,854 8,705 16,887 11,100 39,870 11,493 Goodwill 2,427 17,272 51,673 34,600 15,676 9,747 11,050 7,638 Intangible assets 1,760 30,400 22,900 49,850 11,010 6,620 6,000 4,210 Other long-term assets — 114 670 19,049 156 5,013 915 121 Deferred tax liability (1,300) (13,848) (10,036) (32,632) (8,922) (4,811) (15,424) (4,792) Accounts payable and other liabilities (248) (1,889) (26,764) (14,002) (3,362) (15,612) (27,896) (6,294) Total $ 4,534 $ 59,170 $ 86,431 $ 91,647 $ 38,238 $ 18,825 $ 27,360 $ 17,789 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. As of June 30, 2018, the valuation of identifiable intangible assets was completed resulting in assets totaling $1.7 million, consisting of trade name valued at $0.3 million, non-compete agreements valued at $0.2 million and customer relationships intangible of $1.2 million, with a corresponding decrease to goodwill. For the three months ended June 30, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $0.1 million, of which $62,566 is related to the previous quarter. Additionally, goodwill and a corresponding deferred tax liability of $0.6 million was recognized based on the rates in effect on the acquisition date. The deferred tax liability was re-measured using the TCJA rates, which resulted in the recognition of a $0.4 million deferred tax benefit. 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 the repayment of $22.2 million of long-term debt 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. As of June 30, 2018, the valuation of identifiable intangible assets was completed resulting in assets totaling $30.4 million, consisting of trade name valued at $3.2 million, non-compete agreements valued at $3.5 million and customer relationships intangible of $23.7 million, with a corresponding decrease to goodwill. For the three months ended June 30, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $1.5 million, of which $0.9 million related to the previous quarter. Additionally, goodwill and a corresponding deferred tax liability of $11.7 million was recognized based on the rates in effect on the acquisition date. The deferred tax liability was re-measured using the TCJA rates, which resulted in the recognition of a $4.0 million deferred tax benefit. For the three months ended December 31 , 2018, the beginning balance of the deferred tax liability related to net operating losses was reduced by $0.5 million, based on the rates in effect on the acquisition date, with a corresponding decrease to goodwill. The deferred tax adjustment was re-measured using the TCJA rates, which resulted in the recognition of $0.2 million deferred tax expense in the three months ended December 31, 2018. 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, 3,114,247 shares of Daseke common stock valued at $39.1 million and the repayment of $10.3 million of long-term debt 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. As of June 30, 2018, the valuation of identifiable intangible assets was completed resulting in assets totaling $22.9 million, consisting of trade name valued at $12.7 million, non-compete agreements valued at $2.9 million and customer relationships intangible of $7.3 million, with a corresponding decrease to goodwill. For the three months ended June 30, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $0.6 million, of which $0.3 million related to the previous quarter. Additionally, goodwill and a corresponding deferred tax liability of $8.7 million was recognized based on the rates in effect on the acquisition date. The deferred tax liability was re-measured using the TCJA rates, which resulted in the recognition of a $3.0 million deferred tax benefit. For the three months ended December 31, 2018, the beginning balance of the deferred tax liability related to net operating losses and fixed assets was reduced by $9.4 million, based on the rates in effect on the acquisition date, with a corresponding decrease to goodwill. The deferred tax adjustment was re-measured at the TCJA rates, resulting in $3.5 million of deferred tax expense in the three months ended December 31, 2018. 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 the repayment of $5.0 million of long-term debt 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. As of June 30, 2018, the valuation of identifiable intangible assets was completed resulting in assets totaling $49.8 million, consisting of trade name valued at $21.5 million, non-compete agreements valued at $12.4 million and customer relationships intangible of $15.9 million, with a corresponding decrease to goodwill. For the three months ended June 30, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $2.1 million, of which $1.2 million related to the previous quarter. Additionally, goodwill and a deferred tax liability of $19.2 million was recognized based on the rates in effect on the acquisition date. The deferred tax liability was re-measured using the TCJA rates, which resulted in the recognition of a $6.6 million deferred tax benefit. For the three months ended December 31, 2018, the beginning balance of the deferred tax liability related to certain deferred taxes was increased by $5.9 million, based on the rate in effect on the acquisition date, with a corresponding increase to goodwill. The deferred tax adjustment was re-measured at the TCJA rates, resulting in $1.6 million of deferred tax benefit in the three months ended December 31, 2018. 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 assumption and repayment of $13.8 million of long-term debt by the Company. 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 was 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. As of June 30, 2018, the provisional amount of goodwill was increased by $1.7 million with a corresponding increase to deferred tax liability. The deferred tax adjustment was re-measured at the TCJA rates, resulting in $0.6 million of deferred tax expense in the three months ended December 31, 2018. 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 the refinancing of $4.0 million of long-term debt 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. As of June 30, 2018, the provisional balance of goodwill was increased by $2.8 million for fair value adjustments to assets as of the acquisition date with a decrease to receivables of $0.9 million, held-for-sale assets of $0.3 million and fixed assets of $1.6 million. Additionally, the deferred tax liability was decreased by $0.7 million, with a corresponding decrease to goodwill. 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 assumption of approximately $3.2 million of outstanding debt by the Company. 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. As of June 30, 2018, the provisional amount of goodwill was increased by $0.6 million (net of a $0.3 million foreign currency translation adjustment) with a corresponding increase to deferred tax liability. For the year ended December 31, 2018, revenue and net loss of the acquired companies from their respective dates of acquisition was $163.6 million and $1.5 million, respectively. 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 2018 acquisitions as if they occurred on January 1, 2017. 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, 2017. 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, except per share amounts) 2018 2017 Pro forma revenue $ $ Pro forma net income (loss) $ $ Pro forma net income (loss) per common share: Basic $ (0.09) $ 0.60 Diluted $ (0.09) $ 0.57

PREPAID AND OTHER CURRENT ASSET

PREPAID AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2018
PREPAID AND OTHER CURRENT ASSETS
PREPAID AND OTHER CURRENT ASSETS	NOTE 5 – PREPAID AND OTHER CURRENT ASSETS The components of prepaid expenses and other current assets are as follows as of December 31 (in thousands): 2018 2017 Insurance $ 7,375 $ 7,642 Licensing, permits and tolls 5,649 4,096 Other assets 4,411 2,409 Other prepaids 3,852 2,948 Assets held for sale 3,573 9,907 Highway and fuel taxes 1,422 1,238 Total $ 26,282 $ 28,240

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2018
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	NOTE 6 – GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017 are as follows (in thousands): Flatbed Specialized Total Goodwill balance at January 1, 2017 $ 46,660 42,375 $ 89,035 Goodwill acquired and adjustments to previously recorded goodwill (net) 59,206 153,849 213,055 Foreign currency translation adjustment — 612 612 Goodwill balance at December 31, 2017 105,866 196,836 302,702 Impairment — (11,050) (11,050) Goodwill acquired and adjustments to previously recorded goodwill (net) (4,368) (27,752) (32,120) Foreign currency translation adjustment — (1,167) (1,167) Goodwill balance at December 31, 2018 $ 101,498 $ 156,867 $ 258,365 Intangible assets consisted of the following at December 31, 2018 and 2017 (in thousands): As of December 31, 2018 As of December 31, 2017 Intangible Accumulated Intangible Intangible Accumulated Intangible Assets Amortization Assets, net Assets Amortization Assets, net Non-competition agreements $ 33,840 $ (12,794) $ 21,046 $ 12,230 $ (5,765) $ 6,465 Customer relationships 130,876 (33,536) 97,340 69,090 (23,921) 45,169 Trade names 90,600 — 90,600 41,180 — 41,180 Foreign currency translation adjustment (195) — (195) 306 — 306 Total intangible assets $ 255,121 $ (46,330) $ 208,791 $ 122,806 $ (29,686) $ 93,120 As of December 31, 2018, non-competition agreements and customer relationships had weighted average remaining useful lives of 3.0 and 10.4 years, respectively. See Note 4 for more information on intangible assets acquired. Amortization expense for intangible assets with definite lives was $16.6 million, $6. 7 million and $6.0 million for the years ended December 31, 2018, 2017 and 2016, respectively. In June 2018, the Company recorded an impairment charge of $2.8 million related to the trade names category of intangible assets related to the specialized segment. The trade name was impaired as a result of the reorganization and merger of two of the Company’s operating companies. Future estimated amortization expense is as follows (in thousands): Non-competition Customer Year ending December 31, Agreements Relationships 2019 $ 6,807 $ 9,519 2020 5,426 9,519 2021 4,662 9,519 2022 3,928 9,519 2023 223 9,519 Thereafter — 49,745 Total $ 21,046 $ 97,340

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2018
PROPERTY AND EQUIPMENT.
PROPERTY AND EQUIPMENT	NOTE 7 – PROPERTY AND EQUIPMENT The components of property and equipment are as follows at December 31 (in thousands): 2018 2017 Revenue equipment $ 733,954 $ 544,876 Buildings and improvements 61,913 53,366 Furniture and fixtures, office and computer equipment and vehicles 36,553 20,805 832,420 619,047 Accumulated depreciation (259,701) (189,408) Total $ 572,719 $ 429,639 Depreciation expense was $114.4 million, $70.2 million and $61.5 million for the years ended December 31, 2018, 2017 and 2016, respectively.

SALES-TYPE LEASES

SALES-TYPE LEASES	12 Months Ended
	Dec. 31, 2018
SALES-TYPE LEASES
SALES-TYPE LEASES	NOTE 8 – SALES-TYPE LEASES The components of the net investment in sales-type leases at December 31, 2018 and 2017 are as follows (in thousands): 2018 2017 Minimum lease receivable $ 78,087 $ 62,587 Deferred gain (10,043) (9,352) Net minimum lease receivable 68,044 53,235 Unearned interest income (12,285) (10,432) Net investment in sales-type leases 55,759 42,803 Current portion (16,213) (10,979) $ 39,546 $ 31,824 The long-term portion of sales-type leases is classified in other long-term assets on the consolidated balance sheets at December 31, 2018 and 2017. 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, 2018, 2017 and 2016, the gain totaled approximately $2.4 million, $1.4 million and $0.8 million, respectively. Future minimum lease receipts are as follows (in thousands): Year ending December 31, Amount 2019 $ 16,213 2020 14,535 2021 10,973 2022 11,195 2023 2,684 Thereafter 159 Total $ 55,759

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2018
ACCRUED EXPENSES AND OTHER LIABILITIES
ACCRUED EXPENSES AND OTHER LIABILITIES	NOTE 9 – ACCRUED EXPENSES AND OTHER LIABILITIES The components of accrued expenses and other liabilities are as follows at December 31 (in thousands): 2018 2017 Brokerage and escorts $ 12,587 $ 6,264 Unvouchered payables 11,748 4,156 Owner operator deposits 9,270 8,431 Other accrued expenses 8,023 4,023 Sales and local taxes payable 3,259 954 Fuel and fuel taxes 1,197 1,508 Interest 458 540 $ 46,542 $ 25,876

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2018
LONG-TERM DEBT.
LONG-TERM DEBT	NOTE 10 – LONG-TERM DEBT Long-term debt consists of the following at December 31 (in thousands): 2018 2017 Senior debt Line of credit $ — $ 4,561 Term loan facility 493,478 498,462 Equipment term loans 190,708 126,227 Capital leases 18,228 5,757 702,414 635,007 Less current portion (63,535) (43,056) Less unamortized debt issuance costs (16,229) (17,650) Long-term portion $ 622,650 $ 574,301 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, (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 and (c) the $150.0 million tack-on loan incurred under the Term Loan Facility on November 28, 2017. 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, 2018, the average interest rate on the Term Loan Facility was 7.1%. 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, 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 (RLOC) with an aggregate maximum credit amount equal to $70.0 million, amended on June 15, 2018 to $100.0 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 (up to $3.0 million)) under a credit agreement with PNC Bank, National Association, as administrative agent and the lenders party thereto. As amended on June 15, 2018, the ABL Facility’s maximum credit amount was increased by $30.0 million pursuant to an uncommitted accordion. 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. The ABL Facility matures on February 27, 2022. As of December 31, 2018, the Company had a net debit balance of $14.1 million, $12.2 million in letters of credit outstanding, and could incur approximately $87.8 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 was amended on June 15, 2018, to adjust margins, if necessary, on the ABL Facility beginning in the fiscal quarter ended September 30, 2018, to the applicable rates set forth in the following table corresponding to the average RLOC Utilization for the trailing 12 month period on the last day of the most recently completed fiscal quarter. RLOC Utilization at a particular date shall mean an amount equal to (a)(i) outstanding amount of Revolving Advances plus (ii) the outstanding amount of the Swing Loans plus (iii) the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, divided by (b) Maximum Revolving Advance Amount. RLOC Utilization Base Rate Margins LIBOR Rate Margins Less than 33.3% 0.50 % 1.50 % Greater than or equal to 33.3%, but less than 66.6% 0.75 % 1.75 % Greater than or equal to 66.6% 1.00 % 2.00 % At December 31, 2018, the interest rate on the ABL Facility was 6.00%. The ABL Facility is secured by all of the Company’s U.S.-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 4.25 to 1.00 for the fiscal quarter, 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, 2018, the Company was in compliance with all covenants contained in the Term Loan and ABL Facilities. Equipment Term Loans and Mortgages As of December 31, 2018, the Company had term loans collateralized by equipment in the aggregate amount of $190.7 million with 40 lenders (Equipment Term Loans). The Equipment Term Loans bear interest at rates ranging from 1.5% to 10.7%, 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 3 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, 2018, the Company has a bank mortgage loan with a balance of $3.9 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 3 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 May 2025. As of December 31, 2018 and 2017, the book value of the property and equipment recorded under capital leases was $16.6 million and $7.0 million, net of accumulated depreciation of $7.8 million and $5.8 million, respectively. Depreciation expense related to property and equipment under capital lease was $2.9 million, $2.6 million and $7.0 million for the years ended December 31, 2018, 2017 and 2016, 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, $0.1 million of accrued PIK interest was added to the principal balanc e. In conjunction with Business Combination, the Main Street Loan was repaid in February 2017. See Note 3 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, $0.1 million of accrued PIK interest was added to the principal balance. In conjunction with Business Combination, the PCP Subordinated Notes were repaid in February 2017. See Note 3 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 3 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 3 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 3 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 2019 $ 4,985 $ 53,703 $ 5,669 $ 64,357 2020 2,500 42,660 4,537 49,697 2021 2,500 34,952 4,354 41,806 2022 2,500 24,863 2,367 29,730 2023 2,500 21,486 2,899 26,885 Thereafter 478,493 13,045 834 492,372 Total minimum lease payments 20,660 Loan amount attributable to interest (2,432) (2,432) Total (Present value of minimum lease payments on capital leases) $ 493,478 $ 190,709 18,228 $ 702,415 Less current portion (4,848) Long-term capital leases $ 13,380

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
INCOME TAXES
INCOME TAXES	NOTE 11 – 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): 2018 2017 2016 Current: Federal $ (46) $ (47) $ (70) State 3,960 1,258 582 Total current taxes 3,914 1,211 512 Deferred: Federal (10,918) (51,388) (1,139) State (7,423) (1,863) 790 Foreign (1,495) (242) — Total deferred taxes (19,836) (53,493) (349) Provision (benefit) for income taxes $ (15,922) $ (52,282) $ 163 A reconciliation between the effective income tax rate and the United States statutory income tax rate for the years ended December 31, 2018, 2017 and 2016 is as follows (in thousands): 2018 2017 2016 Income tax expense (benefit) at United States statutory income tax rate $ (4,443) $ (8,850) $ (4,241) Federal income tax effects of: State income tax expense (2,736) (333) 370 Foreign taxes — (242) — Foreign tax rate differential (293) 107 — Per diem and other nondeductible expenses 4,100 3,198 3,434 Cumulative effect of change in effective tax rate (12,611) (46,068) 522 Tax credits (46) (47) (70) Other 107 (47) 148 Provision (benefit) for income taxes $ (15,922) $ (52,282) $ 163 Effective tax rate 75.4 % 206.8 % (1.3) % The decrease in the effective tax rate for the year ended December 31, 2018 compared to the year ended December 31, 2017 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 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 TCJA in December 2017. 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. The impact of the TCJA in the Company’s earnings for the year ended December 31, 2018 was related to the 2017 Acquisitions which finalized purchase accounting in 2018. Accordingly, the Company was able to assess the impact of the TCJA and has recorded an income tax benefit for the reduction in net deferred income tax liabilities of approximately $12.5 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 completed its evaluation of stock compensation and 162(m) limitations and unremitted foreign earnings resulting in no adjustment. The effects of temporary differences that give rise to significant elements of deferred tax assets and liabilities at December 31, 2018 and 2017 were as follows (in thousands): 2018 2017 Deferred tax assets Accrued expenses $ 5,235 $ 3,977 Vacation accrual 610 527 Accounts receivable 417 103 Net operating losses 31,694 11,199 Interest expense limitation 1,313 — Deferred start-up costs 1,405 1,502 Stock based compensation 1,303 452 Sales-type leases — 1,233 Foreign assets 1,714 — Total deferred tax assets 43,691 18,993 Deferred tax liabilities Sales-type leases (2,263) — Prepaid expenses (4,061) (2,700) 481(a) adjustment (1,719) (2,213) Intangible assets (44,056) (17,246) Property and equipment (111,726) (83,642) Foreign liabilities (6,696) (3,626) Total deferred tax liabilities (170,521) (109,427) Net deferred tax liability $ (126,830) $ (90,434) At December 31, 2018, the Company has U.S. federal and state net operating loss carry forwards of approximately $113.5 million and $64.1 million, respectively, which begin to expire in 2023. The Company had no uncertain tax positions as of December 31, 2018 and 2017. The Company is no longer subject to United States federal income tax examinations by tax authorities for years before 2015, however, federal net operating loss carry forwards from years prior to 2015 remain subject to review and adjustment by tax authorities. The Company is no longer subject to state income tax examinations by tax authorities for years before 2014.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2018
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 12 – RELATED PARTY TRANSACTIONS Related Party Debt As described in Note 10, 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 and 2016, Main Street received interest payments of $0.5 million and $2.6 million, respectively. Accrued interest was $0.4 million as of December 31, 2016. For the years ended December 31, 2017 and 2016, PCP Investors received interest payments of $0.5 million and $2.6 million, respectively. Accrued interest was $0.4 million as of December 31, 2016. In conjunction with the Business Combination, the Main Street Loan and the PCP Subordinated Notes were both repaid in February 2017. See Note 3 for additional details on the Business Combination. As disclosed in Note 10, the LST seller received subordinated notes as partial consideration. Interest paid to the LST seller was $0.4 and $2.2 million for the year ended December 31, 2017 and 2016, respectively. In conjunction with the Business Combination, the LST Seller Notes were repaid in February 2017. See Note 3 for additional details on the Business Combination. As disclosed in Note 10, 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. 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 3 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 $4.7 million, $2.9 million and $0.9 million for the years ended December 31, 2018, 2017 and 2016, respectively. Future minimum lease payments under non-cancelable related party operating leases are as follows (in thousands): Revenue Office and Year ending December 31, Equipment Terminals 2019 $ 406 $ 4,314 2020 390 4,183 2021 305 3,959 2022 25 3,890 2023 — 3,433 Thereafter — 13,043 Total $ 1,126 $ 32,822 Other Related Party Transactions An employee and stockholder has a 1% investment in an entity that is also a Company vendor. Total amounts paid to this vendor for product and subscription purchases were approximately $0.6 million, $0.6 million and $0.8 million for the years ended December 31, 2018, 2017 and 2016, respectively. Amounts due to the vendor as of December 31, 2018 and 2017 totaled approximately $10,000 and $10,000, respectively. The Company does business with an entity in which two employees, who are also stockholders, are minority owners. Revenue received from this customer totaled approximately $0.7 million, $0. 4 million and $0.5 million for the years ended December 31, 2018, 2017 and 2016, respectively. Accounts receivable due from this entity totaled approximately $51,000 and $53,000 as of December 31, 2018 and 2017, respectively. The Company sold equipment to an entity partially owned by an employee and stockholder for proceeds of $1.0 million with a net book value of $0.8 million, realizing a gain of $0.2 million for the year ended December 31, 2018. There were no such transactions for the years ended December 31, 2017 and 2016. Additionally, the Company does business with a carrier owned by a stockholder’s spouse. Revenue received from this carrier totaled approximately $0.1 and $0.2 million for the years ended December 31, 2018 and 2017. There was no revenue received from this carrier for the year ended December 31, 2016. Accounts receivable due from this entity totaled approximately $0.1 million as of December 31, 2018. There was no accounts receivable due as of December 31, 2017.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2018
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY	NOTE 13 – 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 used the net proceeds from the Offering for general corporate purposes, which may including, among other things, working capital, capital expenditures, debt repayment or refinancing or the financing of possible future acquisitions. 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 $84.4 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company has used and intends to continue to use the net proceeds from the offering for general corporate purposes, including, among other things, working capital, capital expenditures, debt repayment or refinancing or the financing of possible future acquisitions. On June 1, 2018, after having met the earnout provisions contained in the Merger Agreement, the Company issued 5,000,000 shares of the Company’s common stock, par value $0.0001 per share, pro rata among the Private Daseke Stockholders (Earnout Shares). The Earnout Shares were issued in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the Securities Act), pursuant to Section 4(a)(2) thereof, which exempts transactions by an issuer not involving any public offering on the basis that the securities were offered and sold in a non-public offering to “accredited investors” (as defined in Rule 501(a) of Regulation D under the Securities Act). Private Daseke engaged a purchaser representative to serve as the purchaser representative for two Private Daseke Stockholders who were not “accredited investors,” which purchaser representative met all of the conditions set forth in Rule 501(i) of Regulation D, as required to comply with applicable federal securities laws in connection with the issuance of shares of the Company’s common stock to these two Private Daseke Stockholders pursuant to the Merger Agreement. On June 6, 2018, as part of the consideration paid for the Aveda acquisition, the Company issued 1,612,979 shares of Daseke common stock valued at $15.4 million. See Note 4 for additional details about the Aveda acquisition. On July 1, 2018, as part of the consideration paid for the Kelsey Trail acquisition, the Company issued 95,859 shares of Daseke common stock valued at $0.9 million. See Note 4 for additional details about the Kelsey Trail acquisition. On August 1, 2018, as part of the consideration paid for the Builders acquisition, the Company issued 399,530 shares of Daseke common stock valued at $3.4 million. See Note 4 for additional details about the Builders acquisition. As of December 31, 2018, the Company has approximately 1.5 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 14 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 3 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. On February 27, 2018 the Company’s board of directors declared a quarterly dividend of $1.91 per share, which was paid on March 15, 2018. On May 22, 2018, the Company’s board of directors declared a second quarterly dividend of $1.91 per share, which was paid on June 20, 2018. On August 21, 2018, the Company’s board of directors declared a third quarterly dividend of $1.91 per share, which was paid on September 14, 2018. On November 27, 2018, the Company’s board of directors declared a fourth quarterly dividend of $1.91 per share, which was paid on December 15, 2018. There were no accrued dividends as of December 31, 2018. 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. On February 27, 2017, dividends declared on 64,500 shares of Series B Preferred Stock outstanding on December 31, 2016, as of October 13, 2016 and February 21, 2017 of $18.75 and $12.50 per share, respectively, were paid. In February 2017, in connection with, and immediately prior to, the Closing, 64,500 shares of issued and outstanding Series B Preferred Stock were converted into 9,301,150 shares of Private Daseke’s common stock. Private Daseke’s board of directors had declared a quarterly dividend on the Series B Preferred Stock of $12.50 per share on February 21, 2017, which was paid on February 27, 2017. Warrants At December 31, 2018, 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, 2018
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 14 – 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 from February 27, 2017 through the year ended December 31, 2018: Grantee Type # of Issued and Vesting Weighted Weighted Average Director Group 150,000 145,000 5 years $ 9.98 $ 654 Employee Group 2,001,594 1,921,529 5 years $ 10.25 $ 8,907 Total 2,066,529 The Company’s calculations of the fair value of stock options granted during the years ended December 31, 2018 and 2017 were made using the Black-Scholes option-pricing model. The fair value of the Company’s stock option grants were estimated utilizing the following assumptions for the years ended December 31, 2018 and 2017: 2018 2017 Weighted average expected life 6.5 years 6.5 years Risk-free interest rates 2.28% to 3.00% 1.95% to 2.23% Expected volatility 36.7% to 39.9% 40.1% to 40.6% Expected dividend yield 0.00% 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 U.S. 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. Stock Options A summary of option activity under the Plan as of December 31, 2018 and changes during the year ended are as follows: Shares Weighted Weighted Aggregate Outstanding as of January 1, 2017 — $ — — $ — Granted 1,664,995 10.36 10.0 341 Exercised — — — — Forfeited (9,000) 9.98 — 20 Outstanding as of December 31, 2017 1,655,995 10.36 9.3 6,505 Granted 491,095 9.81 10.0 36 Exercised (5,000) 9.98 — — Forfeited (75,561) 10.46 — — Outstanding as of December 31, 2018 2,066,529 $ 10.23 8.5 $ — Exercisable as of December 31, 2017 — $ — — $ — Vested and expected to vest as of December 31, 2017 1,655,995 10.36 9.3 6,505 Exercisable as of December 31, 2018 323,737 10.39 8.3 — Vested and expected to vest as of December 31, 2018 2,066,529 $ 10.23 8.5 $ — The stock options’ maximum contract term is ten years. The total weighted average fair value of options granted during the years ended December 31, 2018 and 2017 was $2.1 million and $7.5 million, respectively. 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 from June 1, 2017 through the year ended December 31, 2018: Grantee Type # of Issued and Outstanding Vesting Grant Date Director Group 31,512 31,512 1 year $ 313 Employee Group 1,568,655 809,849 5 years $ 16,612 Total 841,361 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 occur. A summary of restricted stock unit awards activity under the Plan as of December 31, 2018 and changes during the year ended are as follows: Units Weighted Non-vested as of January 1, 2017 — $ — Granted 1,008,868 9.99 Vested — — Forfeited (245,277) 10.01 Non-vested as of December 31, 2017 763,591 9.98 Granted 592,015 11.57 Vested (128,130) 9.86 Forfeited (386,115) 11.43 Non-vested as of December 31, 2018 841,361 $ 10.44 Aggregate stock-based compensation charges, net of forfeitures, were $3.6 million and $1.9 million during the years ended December 31, 2018 and 2017, respectively. These expenses are 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, 2018, there was $6.4 million and $7.4 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 3.6 years for stock options and 3.8 years for restricted stock units.

DEFINED CONTRIBUTION PLAN

DEFINED CONTRIBUTION PLAN	12 Months Ended
	Dec. 31, 2018
DEFINED CONTRIBUTION PLAN
DEFINED CONTRIBUTION PLAN	NOTE 15 – DEFINED CONTRIBUTION PLAN 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 The Employee Retirement Income Security Act of 1974 (ERISA) provisions of 401(k). Under the safe harbor matching requirements, the Company had expenses of approximately $3.7 million, $2.4 million and $2.2 million for the years ended December 31, 2018, 2017 and 2016, 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, 2018. The Company provided matching contributions on some of these plans. Total contribution expenses under these plans were approximately $389,000 and $153,000 for the years ended December 31, 2018 and 2017. There were no such expenses for the year ended December 31, 2016.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 16 – 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 $35.3 million, $23.8 million and $16.0 million for the years ended December 31, 2018, 2017 and 2016, 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 2019 $ 19,533 $ 11,919 2020 12,988 11,231 2021 5,730 9,470 2022 3,181 8,482 2023 220 6,586 Thereafter — 22,969 Total $ 41,652 $ 70,657 Letters of Credit The Company had outstanding letters of credit at December 31, 2018 totaling approximately $14.2 million, including those disclosed in Note 10. 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, 2018
REPORTABLE SEGMENTS
REPORTABLE SEGMENTS	NOTE 17 – 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 $5.1 million, $3.0 million and $2.2 million for the Flatbed Solutions segment for the years ended December 31, 2018, 2017 and 2016, respectively. Intersegment revenues and expenses totaled $8.9 million, $3.9 million and $2.4 million for the Specialized Solutions segment for the years ended December 31, 2018, 2017 and 2016, respectively. The following table reflects certain financial data of the Company’s reportable segments for the years ended December 31, 2018, 2017 and 2016 (in thousands): Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Totals Year Ended December 31, 2018 Total revenue $ 662,003 $ 965,064 $ (13,985) $ 1,613,082 Operating income (loss) 32,918 23,051 (34,058) 21,911 Depreciation 29,937 84,337 165 114,439 Amortization of intangible assets 6,162 10,481 — 16,643 Interest expense 8,588 11,281 25,636 45,505 Income (loss) before income tax 13,811 (7,081) (27,839) (21,109) Total assets 464,836 884,189 41,843 1,390,868 Capital expenditures 38,181 116,020 2,085 156,286 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 Income (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

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2018
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 18 – 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, 2018 and 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, 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) 2018 2017 2016 Numerator Net income (loss) $ (5,187) $ 26,996 $ (12,279) Preferred stock dividends (4,956) (4,964) (4,770) Net income (loss) available to common stockholders $ (10,143) $ 22,032 $ (17,049) Denominator Basic weighted average common shares outstanding 61,654,820 37,592,549 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 61,654,820 39,593,701 20,980,961 Basic earnings (loss) per common share $ (0.16) $ 0.59 $ (0.81) Diluted earnings (loss) per common share $ (0.16) $ 0.56 $ (0.81)

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017. 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, except as noted) necessary for a fair presentation of such quarterly information. The second quarter of 2018 includes an impairment charge of $2.8 million related to the trade names category of intangible assets and a $14.0 million deferred tax benefit to recognize deferred tax liabilities for valuations of intangible assets related to the December 2017 acquisitions, remeasured at the TCJA rate . T he fourth quarter of 2018 includes an impairment charge of $11.1 million related to one reporting unit’s carrying value exceeding its estimated fair value. The fourth quarter of 2017 includes an adjustment for the cumulative effect of a change in the effective tax rate in compliance with the TCJA in the amount of $46.1 million. The operating results for any quarter are not necessarily indicative of the results to be expected for any future period. 2018 Quarter Ended Mar. 31 June. 30 Sep. 30 Dec. 31 (In thousands) Revenue: Freight $ 240,071 $ 272,583 $ 329,474 $ 320,065 Brokerage 46,139 60,091 82,203 78,004 Logistics 10,717 8,891 11,656 11,500 Fuel surcharge 30,654 35,334 38,256 37,444 Total revenue 327,581 376,899 461,589 447,013 Operating expenses: Salaries, wages and employee benefits 82,344 90,614 114,776 119,695 Fuel 33,376 31,359 38,931 37,431 Operations and maintenance 34,563 40,465 51,494 55,012 Communications 699 807 920 908 Purchased freight 117,724 141,582 170,548 158,749 Administrative expense 12,137 13,077 16,075 17,096 Sales and marketing 636 651 1,007 1,075 Taxes and licenses 3,694 3,890 4,681 4,909 Insurance and claims 9,184 10,428 12,738 13,476 Acquisition transaction expenses 440 1,402 601 241 Depreciation and amortization 25,182 31,766 36,800 37,334 (Gain) loss on disposition of equipment (155) (490) (899) (1,692) Impairment — 2,840 — 11,050 Total operating expenses 319,824 368,391 447,672 455,284 Total other expense 8,936 9,569 11,066 13,449 Provision (benefit) for income taxes (382) (14,546) 670 (1,664) Net income (loss) (797) 13,485 2,181 (20,056) Less dividends to preferred stockholders (1,239) (1,239) (1,239) (1,239) Net income (loss) attributable to common stockholders $ (2,036) $ 12,246 $ 942 $ (21,295) Net income (loss) per common share - Basic $ (0.04) $ 0.20 $ 0.01 $ (0.33) Net income (loss) per common share - Diluted $ (0.04) $ 0.20 $ 0.01 $ (0.33) 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) loss on disposition of equipment (200) 26 (339) (187) 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 loss available to common stockholders $ (8,552) $ (5,800) $ (1,175) $ 37,559 Net loss per common share - Basic $ (0.32) $ (0.15) $ (0.03) $ 0.82 Net loss per common share - Diluted $ (0.32) $ (0.15) $ (0.03) $ 0.62

NATURE OF OPERATIONS AND SUMM_2

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
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 3) 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, the Department of Defense and the Department of Energy in the United States. Additionally, the Company is also subject to regulations by the Ministries of Transportation and Communications and various provinces regulatory authorities in Canada. 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, 2018 2017 Beginning balance $ 212 $ 321 Provision, charged to expense 1,097 235 Write-off, less recoveries (154) (344) Ending balance $ 1,155 $ 212
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, 2018 and 2017.
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, computer equipment and capitalized software development 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 a combination of discounted expected future cash flows (income approach) and guideline public companies method (market approach). 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. During the preparation of the annual goodwill impairment analysis in the fourth quarter of 2018, the Company identified a triggering event caused by the decline of the Company’s stock price from $8.20 per share at October 1, 2018 to $3.68 per share at December 31, 2018 . Because of the significant decline in its stock price, the Company updated the annual impairment analysis as of December 31, 2018. The result of the goodwill impairment analyses prepared in the fourth quarter was a non-cash, non-tax deductible goodwill impairment charge of $11.1 million as the carrying value of one of the Company’s reporting units exceeded its estimated fair value. 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 for the year ended December 31, 2016. The impairment charges are included in impairment on the consolidated statements of operations and comprehensive income (loss). There was no goodwill impairment identified for the year ended December 31, 2017. 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. In June 2018, the Company recorded an impairment charge of $2.8 million related to the trade names category of intangible assets. The trade name was impaired as a result of the reorganization and merger of two of the Company’s operating companies. No indicators of impairment for indefinite-lived intangible assets were identified for the years ended December 31, 2017 and 2016.
Revenue and Expense Recognition	Revenue and Expense Recognition The Company’s revenue and related costs are recognized when the Company satisfies its performance obligation(s) transferring goods or services to the customer and the customer obtains control . With respect to freight, brokerage, logistics and fuel surcharge revenue, these conditions are met, and the Company recognizes freight, brokerage and fuel surcharge revenue, over time, and logistics revenue, as the services are provided. While there may be master service agreements with Company customers, a contract is not established until the customer specifically requests the Company’s services and the Company accepts. The Company evaluates each contract for distinct performance obligations. In the Company’s business, a typical performance obligation is the transportation of a load including any highly interrelated ancillary services. The Company predominantly estimates the standalone selling price of its services based upon observable evidence, market conditions and other relevant inputs. The Company allocates the total transaction price to each distinct performance obligation based upon the relative standalone selling prices. The Company’s customers simultaneously receive and consume the benefits of the Company’s contracts; therefore revenue is recognized over time. This is a faithful depiction of the satisfaction of the performance obligation, as the customer does not need to re-perform the transportation services the Company has provided to date. Generally, the Company’s customers are billed upon delivery of the freight or monthly and remit payment according to the approved payment terms. Brokerage Revenue The Company regularly engages third-party capacity providers to haul loads brokered to them when it needs additional capacity. The Company is primarily responsible for fulfilling the promise to provide load transportation services, and has discretion in setting prices, along with the risk to fulfill the contract to the customer. Based upon this evaluation, the Company has determined that it is the principal and therefore, records gross revenues and expenses for brokerage services. Logistics Revenue In addition to freight revenue, the Company also recognizes logistics revenue as a separate revenue stream. Logistics revenue is generated from a range of services, including value-added warehousing, loading and unloading, vehicle maintenance and repair, preparation and packaging, fuel management, and other fleet management solutions. The Company recognizes logistics revenue as services are completed.
Advertising	Advertising Advertising costs are expensed as incurred and were insignificant for the years ended December 31, 2018, 2017 and 2016.
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, 2018 and 2017. The Company is no longer subject to United States federal income tax examinations by tax authorities for years before 2015. The Company is no longer subject to state income tax examinations by tax authorities for years before 2014.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject the Company to credit risk include accounts receivable. No customer represented greater than 7% of trade accounts receivable as of December 31, 2018 and 2017. No customer represented 10% or more of total revenue for the years ended December 31, 2018, 2017 and 2016.
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, 2018 and 2017, the balance of deferred finance charges was $16.2 million and $17.7 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, 2018, 2017 and 2016 totaled $3.0 million, $1.8 million and $1.3 million, respectively, which is included in interest expense. In February 2017, in conjunction with new term loan financing, as amended, discussed in Note 10, 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 3, the Company’s lone interest rate swap was terminated. The table below is a summary of the changes in the fair value of this liability for the year ended December 31, 2017 (in thousands): 2017 Balance, beginning of year $ (52) Change in fair value 52 Balance, end of year $ — The Company may be required, on a non-recurring basis, to adjust the carrying value of the Company’s property and equipment, intangible assets, goodwill and contingent consideration. When necessary, these valuations are determined by the Company using Level 3 inputs. These assets are subject to fair value adjustments in certain circumstances, such as when there is evidence that impairment may exist. The Company valued contingent consideration for acquisition related earn-outs (see Note 4 for details) using Level 3 inputs. The tables below are a summary of the changes in the fair value of the earn-out liability for the years ended December 31, 2018 and 2017 (in thousands): 2018 2017 Balance, beginning of year $ 800 $ 1,140 Fair value of earn-out liability for acquisition 21,165 — Change in fair value (100) (340) Balance, end of year $ 21,865 $ 800
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 4), 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 16 operating segments as of December 31, 2018, 15 operating segments as of December 31, 2017 and 8 operating segments as of Deccember 31, 2016 that are aggregated into two reportable segments: Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment, and Specialized Solutions segment focuses on delivering transportation and logistics solutions that require the use of specialized trailering transportation 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). For the years ended December 31, 2018 and 2017, shares of the Company’s 7.625% Series A Convertible Cumulative Preferred Stock (Series A Preferred Stock) and outstanding stock options were not included in the computation of diluted earnings (loss) per share as their effects were anti-dilutive. Additionally, for the years ended December 31, 2018 and 2017, there was no dilutive effect from the Merger Agreement earn-out provision (see Note 3) or the outstanding warrants to purchase shares of the Company’s common stock (the common stock purchase warrants). For the year ended December 31, 2017, 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. See Note 18 for the effects of non-vested restricted stock units on basic and diluted earnings per share under the two-class method.
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 13 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 U.S. 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. 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 the Company’s 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, 2018 and 2017, totaled $3.6 million and $9.9 million, respectively. Assets held for sale totaled $2.7 million and $7.0 million for the Flatbed Solutions segment as of December 31, 2018 and 2017, respectively. Assets held for sale totaled $0.9 and $2.9 million for the Specialized Solutions segment as of December 31, 2018 and 2017, respectively. 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 balance sheets in current portion of net investment in sales-type leases and other long-term assets.
New Accounting Pronouncements	New Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updated (ASU) 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement (Cloud-based) that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU 2018-15 will become effective for annual periods beginning after December 15, 2019 and interim periods within those periods, with early adoption permitted. ASU 2018-15 can be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company has elected to early adopt ASU 2018-15 on a prospective basis and has capitalized relevant software implementation costs of approximately $2.0 million as of December 31, 2018. In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740). ASU 2018-05 provides amendments to SEC paragraphs pursuant to SEC Staff Accounting Bulletin (SAB) No. 118 related to the Tax Cuts and Jobs Act (TCJA) that became effective January 2018. The Company adopted the disclosure requirements of SAB 118 as of December 31, 2017, which were included in the Company’s Annual Report on Form 10-K filed March 16, 2018 and as described in SAB 118 carried forward through December 31, 2018. In July 2017, the FASB issued ASU 2017-11, Earnings per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and 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 does not expect the adoption to have a material impact on the consolidated financial statements. 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 became effective for annual periods beginning after December 15, 2017 and interim periods within those periods. The Company adopted this pronouncement on January 1, 2018 which did not have a material impact on its consolidated results of operations, financial condition, cash flows, or financial statement disclosures as there were no changes to the terms or conditions of the Company’s share-based payment awards during year ended December 31, 2018. 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 2016-15 became effective for fiscal years beginning after December 15, 2017 and interim periods within fiscal years. The Company adopted this pronouncement on January 1, 2018 which did not impact its consolidated statement of cash flows. 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 February 2016, the FASB issued ASU 2016-02, Leases, followed by additional accounting standards updates that provided additional practical expedients and policy elections options (collectively, Accounting Standards Codification Topic 842, (ASC 842)). ASC 842 amends various aspects of existing guidance for leases and requires the recognition of 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. ASC 842 is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The Company will adopt ASC 842 using the modified retrospective method and elect the option to not apply ASC 842 to comparative periods. The Company also elected the following practical expedients: · not to apply the recognition requirements to leases with terms of twelve months or less, · carryforward previous conclusions related to current lease classification under the current lease accounting standard to lease classification for these existing leases under ASC 842, · to combine lease and non-lease components for certain asset classes, and · to apply the portfolio approach in determination of the incremental borrowing rate. The adoption of ASC 842 will result in increasing assets and liabilities with right-of-use assets and related liabilities on the Company’s consolidated balance sheets. Right-of-use assets the Company expects to record on the balance sheet include primarily trucking facilities and terminals and revenue equipment leases, all classified as operating leases. The impact to the Company’s consolidated statements of operations and cash flows are not expected to be material. The Company has compiled and analyzed its contracts and identified its full lease population and is still in the process of populating its leasing software and implementing new controls associated with the standard.

NATURE OF OPERATIONS AND SUMM_3

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 2017 Beginning balance $ 212 $ 321 Provision, charged to expense 1,097 235 Write-off, less recoveries (154) (344) Ending balance $ 1,155 $ 212
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, computer equipment and capitalized software development 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 table below is a summary of the changes in the fair value of this liability for the year ended December 31, 2017 (in thousands): 2017 Balance, beginning of year $ (52) Change in fair value 52 Balance, end of year $ —
Contingent Consideration
Summary of changes in the fair value of the liabilities	The Company valued contingent consideration for acquisition related earn-outs (see Note 4 for details) using Level 3 inputs. The tables below are a summary of the changes in the fair value of the earn-out liability for the years ended December 31, 2018 and 2017 (in thousands): 2018 2017 Balance, beginning of year $ 800 $ 1,140 Fair value of earn-out liability for acquisition 21,165 — Change in fair value (100) (340) Balance, end of year $ 21,865 $ 800

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2018
REVENUE RECOGNITION
Schedule of income and segment disclosures	Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Year Ended December 31, 2018 Freight $ 477,722 $ 696,045 $ (11,574) $ 1,162,193 Brokerage 104,184 163,092 (839) 266,437 Logistics 2,987 39,927 (150) 42,764 Fuel surcharge 77,110 66,000 (1,422) 141,688 Total revenue $ 662,003 $ 965,064 $ (13,985) $ 1,613,082 Year Ended December 31, 2017 Freight $ 276,592 $ 362,276 $ (6,104) $ 632,764 Brokerage 40,882 80,225 (164) 120,943 Logistics 192 21,940 (58) 22,074 Fuel surcharge 36,440 34,691 (608) 70,523 Total revenue $ 354,106 $ 499,132 $ (6,934) $ 846,304

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2018
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, 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, 2018
Business Acquisition [Line Items]
Schedule of pro forma financial information	Year Ended December 31, (unaudited) (In millions, except per share amounts) 2018 2017 Pro forma revenue $ $ Pro forma net income (loss) $ $ Pro forma net income (loss) per common share: Basic $ (0.09) $ 0.60 Diluted $ (0.09) $ 0.57
Acquisition 2,018
Business Acquisition [Line Items]
Summary of the allocation of the purchase price paid to the fair values of the net assets	The following is a summary of the allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s 2018 acquisitions (in thousands): (all amounts in U.S. dollars) Leavitt's Builders Kelsey Trail Aveda Accounts receivable $ 1,968 $ 8,347 $ 2,320 $ 37,255 Parts supplies 53 261 33 — Prepaid and other current assets 384 1,509 382 2,516 Property and equipment 8,551 29,414 9,164 89,752 Goodwill 5,108 14,730 4,201 7,037 Intangible assets 3,600 10,600 1,550 15,001 Other long-term assets — 536 — — Deferred tax liability — (9,202) (3,635) (5,950) Accounts payable and other liabilities (4,935) (19,931) (8,026) (30,007) Total $ 14,729 $ 36,264 $ 5,989 $ 115,604
Acquisition 2,017
Business Acquisition [Line Items]
Summary of the allocation of the purchase price paid to the fair values of the net assets	The following is a summary of the allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s 2017 acquisitions (in thousands): (all amounts in U.S. dollars) Tennessee Moore Roadmaster Steel Belmont Freight Group Haulers R&R Steelman Schilli Big Freight Accounts receivable $ 240 $ 4,456 $ 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 2,295 2,548 287 Property and equipment 1,548 22,052 36,854 8,705 16,887 11,100 39,870 11,493 Goodwill 2,427 17,272 51,673 34,600 15,676 9,747 11,050 7,638 Intangible assets 1,760 30,400 22,900 49,850 11,010 6,620 6,000 4,210 Other long-term assets — 114 670 19,049 156 5,013 915 121 Deferred tax liability (1,300) (13,848) (10,036) (32,632) (8,922) (4,811) (15,424) (4,792) Accounts payable and other liabilities (248) (1,889) (26,764) (14,002) (3,362) (15,612) (27,896) (6,294) Total $ 4,534 $ 59,170 $ 86,431 $ 91,647 $ 38,238 $ 18,825 $ 27,360 $ 17,789

PREPAID AND OTHER CURRENT ASS_2

PREPAID AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2018
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): 2018 2017 Insurance $ 7,375 $ 7,642 Licensing, permits and tolls 5,649 4,096 Other assets 4,411 2,409 Other prepaids 3,852 2,948 Assets held for sale 3,573 9,907 Highway and fuel taxes 1,422 1,238 Total $ 26,282 $ 28,240

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 are as follows (in thousands): Flatbed Specialized Total Goodwill balance at January 1, 2017 $ 46,660 42,375 $ 89,035 Goodwill acquired and adjustments to previously recorded goodwill (net) 59,206 153,849 213,055 Foreign currency translation adjustment — 612 612 Goodwill balance at December 31, 2017 105,866 196,836 302,702 Impairment — (11,050) (11,050) Goodwill acquired and adjustments to previously recorded goodwill (net) (4,368) (27,752) (32,120) Foreign currency translation adjustment — (1,167) (1,167) Goodwill balance at December 31, 2018 $ 101,498 $ 156,867 $ 258,365
Schedule of intangible assets	Intangible assets consisted of the following at December 31, 2018 and 2017 (in thousands): As of December 31, 2018 As of December 31, 2017 Intangible Accumulated Intangible Intangible Accumulated Intangible Assets Amortization Assets, net Assets Amortization Assets, net Non-competition agreements $ 33,840 $ (12,794) $ 21,046 $ 12,230 $ (5,765) $ 6,465 Customer relationships 130,876 (33,536) 97,340 69,090 (23,921) 45,169 Trade names 90,600 — 90,600 41,180 — 41,180 Foreign currency translation adjustment (195) — (195) 306 — 306 Total intangible assets $ 255,121 $ (46,330) $ 208,791 $ 122,806 $ (29,686) $ 93,120
Schedule of future estimated amortization expense	Future estimated amortization expense is as follows (in thousands): Non-competition Customer Year ending December 31, Agreements Relationships 2019 $ 6,807 $ 9,519 2020 5,426 9,519 2021 4,662 9,519 2022 3,928 9,519 2023 223 9,519 Thereafter — 49,745 Total $ 21,046 $ 97,340

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2018
PROPERTY AND EQUIPMENT.
Schedule of components of property and equipment	The components of property and equipment are as follows at December 31 (in thousands): 2018 2017 Revenue equipment $ 733,954 $ 544,876 Buildings and improvements 61,913 53,366 Furniture and fixtures, office and computer equipment and vehicles 36,553 20,805 832,420 619,047 Accumulated depreciation (259,701) (189,408) Total $ 572,719 $ 429,639

SALES-TYPE LEASES (Tables)

SALES-TYPE LEASES (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 are as follows (in thousands): 2018 2017 Minimum lease receivable $ 78,087 $ 62,587 Deferred gain (10,043) (9,352) Net minimum lease receivable 68,044 53,235 Unearned interest income (12,285) (10,432) Net investment in sales-type leases 55,759 42,803 Current portion (16,213) (10,979) $ 39,546 $ 31,824
Schedule of future minimum lease receipts	Future minimum lease receipts are as follows (in thousands): Year ending December 31, Amount 2019 $ 16,213 2020 14,535 2021 10,973 2022 11,195 2023 2,684 Thereafter 159 Total $ 55,759

ACCRUED EXPENSES AND OTHER LI_2

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2018
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): 2018 2017 Brokerage and escorts $ 12,587 $ 6,264 Unvouchered payables 11,748 4,156 Owner operator deposits 9,270 8,431 Other accrued expenses 8,023 4,023 Sales and local taxes payable 3,259 954 Fuel and fuel taxes 1,197 1,508 Interest 458 540 $ 46,542 $ 25,876

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2018
Schedule of long term debt	Long-term debt consists of the following at December 31 (in thousands): 2018 2017 Senior debt Line of credit $ — $ 4,561 Term loan facility 493,478 498,462 Equipment term loans 190,708 126,227 Capital leases 18,228 5,757 702,414 635,007 Less current portion (63,535) (43,056) Less unamortized debt issuance costs (16,229) (17,650) Long-term portion $ 622,650 $ 574,301
Schedule of adjustment for margin of line of credit and senior term loan corresponding to RLOC Utilization	RLOC Utilization Base Rate Margins LIBOR Rate Margins Less than 33.3% 0.50 % 1.50 % Greater than or equal to 33.3%, but less than 66.6% 0.75 % 1.75 % Greater than or equal to 66.6% 1.00 % 2.00 %
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 2019 $ 4,985 $ 53,703 $ 5,669 $ 64,357 2020 2,500 42,660 4,537 49,697 2021 2,500 34,952 4,354 41,806 2022 2,500 24,863 2,367 29,730 2023 2,500 21,486 2,899 26,885 Thereafter 478,493 13,045 834 492,372 Total minimum lease payments 20,660 Loan amount attributable to interest (2,432) (2,432) Total (Present value of minimum lease payments on capital leases) $ 493,478 $ 190,709 18,228 $ 702,415 Less current portion (4,848) Long-term capital leases $ 13,380
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 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
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): 2018 2017 2016 Current: Federal $ (46) $ (47) $ (70) State 3,960 1,258 582 Total current taxes 3,914 1,211 512 Deferred: Federal (10,918) (51,388) (1,139) State (7,423) (1,863) 790 Foreign (1,495) (242) — Total deferred taxes (19,836) (53,493) (349) Provision (benefit) for income taxes $ (15,922) $ (52,282) $ 163
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, 2018, 2017 and 2016 is as follows (in thousands): 2018 2017 2016 Income tax expense (benefit) at United States statutory income tax rate $ (4,443) $ (8,850) $ (4,241) Federal income tax effects of: State income tax expense (2,736) (333) 370 Foreign taxes — (242) — Foreign tax rate differential (293) 107 — Per diem and other nondeductible expenses 4,100 3,198 3,434 Cumulative effect of change in effective tax rate (12,611) (46,068) 522 Tax credits (46) (47) (70) Other 107 (47) 148 Provision (benefit) for income taxes $ (15,922) $ (52,282) $ 163 Effective tax rate 75.4 % 206.8 % (1.3) %
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, 2018 and 2017 were as follows (in thousands): 2018 2017 Deferred tax assets Accrued expenses $ 5,235 $ 3,977 Vacation accrual 610 527 Accounts receivable 417 103 Net operating losses 31,694 11,199 Interest expense limitation 1,313 — Deferred start-up costs 1,405 1,502 Stock based compensation 1,303 452 Sales-type leases — 1,233 Foreign assets 1,714 — Total deferred tax assets 43,691 18,993 Deferred tax liabilities Sales-type leases (2,263) — Prepaid expenses (4,061) (2,700) 481(a) adjustment (1,719) (2,213) Intangible assets (44,056) (17,246) Property and equipment (111,726) (83,642) Foreign liabilities (6,696) (3,626) Total deferred tax liabilities (170,521) (109,427) Net deferred tax liability $ (126,830) $ (90,434)

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2018
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 2019 $ 19,533 $ 11,919 2020 12,988 11,231 2021 5,730 9,470 2022 3,181 8,482 2023 220 6,586 Thereafter — 22,969 Total $ 41,652 $ 70,657
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 2019 $ 406 $ 4,314 2020 390 4,183 2021 305 3,959 2022 25 3,890 2023 — 3,433 Thereafter — 13,043 Total $ 1,126 $ 32,822

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2018
STOCK-BASED COMPENSATION
Tabular disclosure of stock option grants under the Plan	The following table summarizes stock option grants under the Plan from February 27, 2017 through the year ended December 31, 2018: Grantee Type # of Issued and Vesting Weighted Weighted Average Director Group 150,000 145,000 5 years $ 9.98 $ 654 Employee Group 2,001,594 1,921,529 5 years $ 10.25 $ 8,907 Total 2,066,529
Schedule of fair value assumptions of stock option grants	The fair value of the Company’s stock option grants were estimated utilizing the following assumptions for the years ended December 31, 2018 and 2017: 2018 2017 Weighted average expected life 6.5 years 6.5 years Risk-free interest rates 2.28% to 3.00% 1.95% to 2.23% Expected volatility 36.7% to 39.9% 40.1% to 40.6% Expected dividend yield 0.00% 0.00%
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 10.0 341 Exercised — — — — Forfeited (9,000) 9.98 — 20 Outstanding as of December 31, 2017 1,655,995 10.36 9.3 6,505 Granted 491,095 9.81 10.0 36 Exercised (5,000) 9.98 — — Forfeited (75,561) 10.46 — — Outstanding as of December 31, 2018 2,066,529 $ 10.23 8.5 $ — Exercisable as of December 31, 2017 — $ — — $ — Vested and expected to vest as of December 31, 2017 1,655,995 10.36 9.3 6,505 Exercisable as of December 31, 2018 323,737 10.39 8.3 — Vested and expected to vest as of December 31, 2018 2,066,529 $ 10.23 8.5 $ —
Summary of restricted stock unit grants under the Plan	The following table summarizes restricted stock unit grants under the Plan from June 1, 2017 through the year ended December 31, 2018: Grantee Type # of Issued and Outstanding Vesting Grant Date Director Group 31,512 31,512 1 year $ 313 Employee Group 1,568,655 809,849 5 years $ 16,612 Total 841,361
Summary of restricted stock awards activity under the Plan	Units Weighted Non-vested as of January 1, 2017 — $ — Granted 1,008,868 9.99 Vested — — Forfeited (245,277) 10.01 Non-vested as of December 31, 2017 763,591 9.98 Granted 592,015 11.57 Vested (128,130) 9.86 Forfeited (386,115) 11.43 Non-vested as of December 31, 2018 841,361 $ 10.44

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2018
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 2019 $ 19,533 $ 11,919 2020 12,988 11,231 2021 5,730 9,470 2022 3,181 8,482 2023 220 6,586 Thereafter — 22,969 Total $ 41,652 $ 70,657

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018, 2017 and 2016 (in thousands): Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Totals Year Ended December 31, 2018 Total revenue $ 662,003 $ 965,064 $ (13,985) $ 1,613,082 Operating income (loss) 32,918 23,051 (34,058) 21,911 Depreciation 29,937 84,337 165 114,439 Amortization of intangible assets 6,162 10,481 — 16,643 Interest expense 8,588 11,281 25,636 45,505 Income (loss) before income tax 13,811 (7,081) (27,839) (21,109) Total assets 464,836 884,189 41,843 1,390,868 Capital expenditures 38,181 116,020 2,085 156,286 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 Income (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

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
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) 2018 2017 2016 Numerator Net income (loss) $ (5,187) $ 26,996 $ (12,279) Preferred stock dividends (4,956) (4,964) (4,770) Net income (loss) available to common stockholders $ (10,143) $ 22,032 $ (17,049) Denominator Basic weighted average common shares outstanding 61,654,820 37,592,549 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 61,654,820 39,593,701 20,980,961 Basic earnings (loss) per common share $ (0.16) $ 0.59 $ (0.81) Diluted earnings (loss) per common share $ (0.16) $ 0.56 $ (0.81)

QUARTERLY RESULTS (UNAUDITED) (

QUARTERLY RESULTS (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2018
QUARTERLY RESULTS (UNAUDITED)
Schedule of unaudited quarterly results of operations	2018 Quarter Ended Mar. 31 June. 30 Sep. 30 Dec. 31 (In thousands) Revenue: Freight $ 240,071 $ 272,583 $ 329,474 $ 320,065 Brokerage 46,139 60,091 82,203 78,004 Logistics 10,717 8,891 11,656 11,500 Fuel surcharge 30,654 35,334 38,256 37,444 Total revenue 327,581 376,899 461,589 447,013 Operating expenses: Salaries, wages and employee benefits 82,344 90,614 114,776 119,695 Fuel 33,376 31,359 38,931 37,431 Operations and maintenance 34,563 40,465 51,494 55,012 Communications 699 807 920 908 Purchased freight 117,724 141,582 170,548 158,749 Administrative expense 12,137 13,077 16,075 17,096 Sales and marketing 636 651 1,007 1,075 Taxes and licenses 3,694 3,890 4,681 4,909 Insurance and claims 9,184 10,428 12,738 13,476 Acquisition transaction expenses 440 1,402 601 241 Depreciation and amortization 25,182 31,766 36,800 37,334 (Gain) loss on disposition of equipment (155) (490) (899) (1,692) Impairment — 2,840 — 11,050 Total operating expenses 319,824 368,391 447,672 455,284 Total other expense 8,936 9,569 11,066 13,449 Provision (benefit) for income taxes (382) (14,546) 670 (1,664) Net income (loss) (797) 13,485 2,181 (20,056) Less dividends to preferred stockholders (1,239) (1,239) (1,239) (1,239) Net income (loss) attributable to common stockholders $ (2,036) $ 12,246 $ 942 $ (21,295) Net income (loss) per common share - Basic $ (0.04) $ 0.20 $ 0.01 $ (0.33) Net income (loss) per common share - Diluted $ (0.04) $ 0.20 $ 0.01 $ (0.33) 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) loss on disposition of equipment (200) 26 (339) (187) 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 loss available to common stockholders $ (8,552) $ (5,800) $ (1,175) $ 37,559 Net loss per common share - Basic $ (0.32) $ (0.15) $ (0.03) $ 0.82 Net loss per common share - Diluted $ (0.32) $ (0.15) $ (0.03) $ 0.62

NATURE OF OPERATIONS AND SUMM_4

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, 2018	Dec. 31, 2017	Dec. 31, 2016
Changes in the allowance for doubtful accounts
Beginning balance	$ 212	$ 321
Provision, charged to expense	1,097	235	$ 612
Write-off, less recoveries	(154)	(344)
Ending balance	$ 1,155	$ 212	$ 321

NATURE OF OPERATIONS AND SUMM_5

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Sales-Type Leases (Details)	Dec. 31, 2018
Minimum
Lease terms	30 months
Maximum
Lease terms	72 months

NATURE OF OPERATIONS AND SUMM_6

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	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, computer equipment and capitalized software development
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, computer equipment and capitalized software development
Property and Equipment
Estimated useful lives	5 years

NATURE OF OPERATIONS AND SUMM_7

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill and Intangible Assets (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2018	Oct. 01, 2018	Jun. 30, 2018	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets
Percentage of decline in stock price		8.20%
Market price (per share)	$ 3.68
Goodwill impairment charge						$ 11,050
Impairment charge				$ 11,100	$ 2,800
INCOME TAXES
Uncertain tax positions	$ 0			$ 0		$ 0	$ 0
Customer relationships
Goodwill and Intangible Assets
Estimated useful lives						10 years 4 months 24 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-compete agreements
Goodwill and Intangible Assets
Estimated useful lives						3 years
Non-compete agreements | Minimum
Goodwill and Intangible Assets
Estimated useful lives						2 years
Non-compete agreements | Maximum
Goodwill and Intangible Assets
Estimated useful lives						5 years
Trade names
Goodwill and Intangible Assets
Impairment charge			$ 2,800
Impairments
Goodwill and Intangible Assets
Goodwill impairment charge							$ 0	$ 400

NATURE OF OPERATIONS AND SUMM_8

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk (Details) - No Customer - Concentrations of Credit Risk - customer	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Trade accounts receivable
Concentrations of Credit Risk
Number of customers	0	0
Percentage of concentration risk	7.00%	7.00%
Revenue.
Concentrations of Credit Risk
Number of customers	0	0	0
Percentage of concentration risk	10.00%	10.00%	10.00%

NATURE OF OPERATIONS AND SUMM_9

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Deferred Financing Fees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Nov. 30, 2017	Feb. 28, 2017
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Deferred Financing Fees	$ 16,200	$ 17,700
Amortization of deferred financing fees	2,951	1,777	$ 1,347
Amortization and write-off of unamortized deferred financing fees	$ 3,000	1,800	$ 1,300
Deferred finance charges				$ 4,800	$ 14,200
Write-off of unamortized deferred financing fees		$ 3,883

NATURE OF OPERATIONS AND SUM_10

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value Measurements (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)segment	Dec. 31, 2016USD ($)segment
Changes in the fair value of this liability
Balance, beginning of year		$ (52)
Change in fair value		52
Balance, end of year			$ (52)
Earnings (Loss) Per Share
Dilutive effect	$ 0	$ 0
REPORTABLE SEGMENTS
Number of Operating Segments | segment	16	15	8
Number of Reportable Segments | segment	2
New Accounting Pronouncements
Assets held for sale	$ 3,573	$ 9,907
Number of months within which the Company expects to sell assets held for sale	12 months
ASU 2018 - 15
New Accounting Pronouncements
Software implementation costs	$ 2,000
Contingent Consideration
Changes in the fair value of this liability
Balance, beginning of year	(800)	(1,140)
Record earnout liability	21,165
Change in fair value	(100)	(340)
Balance, end of year	$ (21,865)	$ (800)	$ (1,140)
Series A
Earnings (Loss) Per Share
Preferred stock dividend rate (as a percent)	7.625%	7.625%
Flatbed
New Accounting Pronouncements
Assets held for sale	$ 2,700	$ 7,000
Specialized
New Accounting Pronouncements
Assets held for sale	$ 900	$ 2,900

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
ASU 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment to retained earnings	$ 0

REVENUE RECOGNITION - Practical

REVENUE RECOGNITION - Practical Expedients (Details)	12 Months Ended
	Dec. 31, 2018
Revenue preference and practical expedients
Revenue, practical expedient, remaining performance obligation	true
Revenue, practical expedient, incremental costs of obtaining or fulfilling a contract	true

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue
Total revenue	$ 447,013	$ 461,589	$ 376,899	$ 327,581	$ 1,613,082	$ 846,304	$ 651,802
Corporate/Eliminations
Disaggregation of Revenue
Total revenue					(13,985)	(6,934)
Freight
Disaggregation of Revenue
Total revenue	320,065	329,474	272,583	240,071	1,162,193	632,764	517,861
Freight | Corporate/Eliminations
Disaggregation of Revenue
Total revenue					(11,574)	(6,104)
Brokerage
Disaggregation of Revenue
Total revenue	78,004	82,203	60,091	46,139	266,437	120,943	87,410
Brokerage | Corporate/Eliminations
Disaggregation of Revenue
Total revenue					(839)	(164)
Logistics
Disaggregation of Revenue
Total revenue	11,500	11,656	8,891	10,717	42,764	22,074
Logistics | Corporate/Eliminations
Disaggregation of Revenue
Total revenue					(150)	(58)
Fuel
Disaggregation of Revenue
Total revenue	$ 37,444	$ 38,256	$ 35,334	$ 30,654	141,688	70,523	$ 46,531
Fuel | Corporate/Eliminations
Disaggregation of Revenue
Total revenue					(1,422)	(608)
Flatbed | Operating Segments
Disaggregation of Revenue
Total revenue					662,003	354,106
Flatbed | Freight | Operating Segments
Disaggregation of Revenue
Total revenue					477,722	276,592
Flatbed | Brokerage | Operating Segments
Disaggregation of Revenue
Total revenue					104,184	40,882
Flatbed | Logistics | Operating Segments
Disaggregation of Revenue
Total revenue					2,987	192
Flatbed | Fuel | Operating Segments
Disaggregation of Revenue
Total revenue					77,110	36,440
Specialized | Operating Segments
Disaggregation of Revenue
Total revenue					965,064	499,132
Specialized | Freight | Operating Segments
Disaggregation of Revenue
Total revenue					696,045	362,276
Specialized | Brokerage | Operating Segments
Disaggregation of Revenue
Total revenue					163,092	80,225
Specialized | Logistics | Operating Segments
Disaggregation of Revenue
Total revenue					39,927	21,940
Specialized | Fuel | Operating Segments
Disaggregation of Revenue
Total revenue					$ 66,000	$ 34,691

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) $ / shares in Units, $ in Thousands	Jun. 01, 2018shares	Jan. 14, 2018shares	Sep. 19, 2017shares	Feb. 27, 2017USD ($)item$ / sharesshares	Jun. 30, 2018shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares
Common stock shares outstanding						64,455,174	48,712,288
Common stock shares sold (in shares)						64,455,174	48,712,288
Issuance of common stock (in shares)		7,500,000	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 common 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
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 placement
Proceeds from convertible preferred stock | $				$ 65,000
Issuance of common 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
Number of shares issued	5,000,000
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
Number of shares issued				26,665,330	5,000,000
Private Daseke | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Consideration received upon closing | $				$ 266,700
Private Daseke | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Maximum
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	Jan. 14, 2018	Feb. 27, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Proceeds from issuance of common stock	$ 84,400				$ 84,397	$ 127,893
Proceeds from Term Loan Facility					6,105	12,301	$ 14,188
Repayment of debt					$ 58,593	$ 239,506	$ 72,987
Common stock shares sold (in shares)					64,455,174	48,712,288
Common stock shares outstanding					64,455,174	48,712,288
Shares outstanding value (par value)					$ 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)	Aug. 01, 2018USD ($)shares	Jul. 01, 2018USD ($)shares	Jun. 06, 2018USD ($)$ / sharesshares	Dec. 29, 2017USD ($)	Dec. 01, 2017USD ($)shares	Sep. 01, 2017USD ($)	Jul. 01, 2017USD ($)shares	May 01, 2017USD ($)shares	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)$ / shares	Dec. 31, 2016USD ($)item	Dec. 31, 2018USD ($)item
ACQUISITIONS
Equity transferred									$ 19,706,000				$ 19,706,000		$ 19,706,000	$ 63,987,000		$ 19,706,000
Revenue									447,013,000	$ 461,589,000	$ 376,899,000	$ 327,581,000			1,613,082,000	846,304,000	$ 651,802,000
Net income (loss)									(20,056,000)	$ 2,181,000	13,485,000	(797,000)			(5,187,000)	26,996,000	(12,279,000)
Allocation of the purchase price paid to the fair values of the net assets
Prepaid and other current assets									26,282,000				26,282,000		26,282,000	28,240,000		26,282,000
Property and equipment									832,420,000				832,420,000		832,420,000	619,047,000		832,420,000
Goodwill									258,365,000				258,365,000		258,365,000	302,702,000	89,035,000	258,365,000
Amortization of intangible assets															16,643,000	6,695,000	$ 6,001,000
Accumulated amortization									46,330,000				46,330,000		46,330,000	29,686,000		46,330,000
Provisional income tax benefit due to TCJA															12,500,000
Business Acquisition, Pro Forma Information [Abstract]
Pro forma revenue															1,747,400,000	1,144,200,000
Pro forma net income (loss)															$ (5,700,000)	$ 22,600,000
Pro forma net income (loss) per common share:
Basic | $ / shares															$ (0.09)	$ 0.60
Diluted | $ / shares															$ (0.09)	$ 0.57
Non-compete agreements
Allocation of the purchase price paid to the fair values of the net assets
Accumulated amortization									12,794,000				12,794,000		$ 12,794,000	$ 5,765,000		12,794,000
Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Accumulated amortization									33,536,000				33,536,000		33,536,000	23,921,000		$ 33,536,000
Minimum
ACQUISITIONS
Number of open-deck trucking companies acquired | item																		20
Acquisition 2,016
ACQUISITIONS
Number of acquisitions | item																	0
Acquisition 2,017
ACQUISITIONS
Revenue																154,000,000
Net income (loss)																$ 15,600,000
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				2,427,000
Intangible assets				1,760,000
Deferred tax liability				(1,300,000)
Accounts payable and other liabilities				(248,000)
Total				$ 4,534,000
Amortization expense adjustment											100,000
Previous quarter amortziation expense											62,566
Accumulated amortization adjustment											100,000			$ 100,000
Increase (decrease) in goodwill											600,000
Increase decrease in deferred tax liability											600,000
Provisional income tax benefit due to TCJA											400,000
Belmont | Non-compete agreements
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles											200,000			200,000
Belmont | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles											1,200,000			1,200,000
Belmont | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Indefinite lived intangibles											300,000			300,000
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					4,456,000
Parts supplies					312,000
Prepaid and other current assets					301,000
Property and equipment					22,052,000
Goodwill					17,272,000
Intangible assets					30,400,000
Other long-term assets					114,000
Deferred tax liability					(13,848,000)
Accounts payable and other liabilities					(1,889,000)
Total					59,170,000
Increase (decrease) in intangible assets due to valuation									(500,000)
Transaction expenses incurred, not deductible for taxes purposes					$ 600,000
Amortization expense adjustment											1,500,000
Previous quarter amortziation expense											900,000
Accumulated amortization adjustment											1,500,000			1,500,000
Increase (decrease) in goodwill											11,700,000
Provisional income tax benefit due to TCJA									200,000		4,000,000
Moore Freight Service | Non-compete agreements
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets											3,500,000			3,500,000
Finite lived intangibles											3,500,000			3,500,000
Moore Freight Service | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets											23,700,000			23,700,000
Finite lived intangibles											23,700,000			23,700,000
Moore Freight Service | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets											3,200,000			3,200,000
Indefinite lived intangibles											3,200,000			3,200,000
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					51,673,000
Intangible assets					22,900,000
Other long-term assets					670,000
Deferred tax liability					(10,036,000)
Accounts payable and other liabilities					(26,764,000)
Total					86,431,000
Increase (decrease) in intangible assets due to valuation									9,400,000
Transaction expenses incurred, not deductible for taxes purposes					$ 600,000
Amortization expense adjustment											600,000
Previous quarter amortziation expense												$ 300,000
Accumulated amortization adjustment											600,000			600,000
Increase (decrease) to goodwill due to valuation														22,900,000
Increase (decrease) in goodwill											8,700,000
Increase decrease in deferred tax liability											8,700,000
Provisional income tax benefit due to TCJA									3,500,000		3,000,000
Roadmaster Group | Non-compete agreements
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles											2,900,000			2,900,000
Roadmaster Group | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles											7,300,000			7,300,000
Roadmaster Group | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Indefinite lived intangibles											12,700,000			12,700,000
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					34,600,000
Intangible assets					49,850,000
Other long-term assets					19,049,000
Deferred tax liability					(32,632,000)
Accounts payable and other liabilities					(14,002,000)
Total					91,647,000
Increase (decrease) in intangible assets due to valuation									5,900,000
Transaction expenses incurred, not deductible for taxes purposes					$ 500,000
Amortization expense adjustment											2,100,000
Previous quarter amortziation expense											1,200,000
Accumulated amortization adjustment											2,100,000			2,100,000
Increase (decrease) in goodwill											19,200,000
Increase decrease in deferred tax liability											19,200,000
Provisional income tax benefit due to TCJA									1,600,000		6,600,000
Tennessee Steel Haulers and Co | Non-compete agreements
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles											12,400,000			12,400,000
Tennessee Steel Haulers and Co | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles											15,900,000			15,900,000
Tennessee Steel Haulers and Co | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Indefinite lived intangibles											$ 21,500,000			21,500,000
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						15,676,000
Intangible assets						11,010,000
Other long-term assets						156,000
Deferred tax liability						(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							2,295,000
Property and equipment							11,100,000
Goodwill							9,747,000
Intangible assets							6,620,000
Other long-term assets							5,013,000
Deferred tax liability							(4,811,000)
Accounts payable and other liabilities							(15,612,000)
Total							18,825,000
Transaction expenses incurred, not deductible for taxes purposes							$ 300,000
Increase (decrease) in goodwill														1,700,000
Increase decrease in deferred tax liability														1,700,000
Provisional income tax benefit due to TCJA														(600,000)
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								2,548,000
Property and equipment								39,870,000
Goodwill								11,050,000
Intangible assets								6,000,000
Other long-term assets								915,000
Deferred tax liability								(15,424,000)
Accounts payable and other liabilities								(27,896,000)
Total								27,360,000
Transaction expenses incurred, not deductible for taxes purposes								$ 400,000
Increase (decrease) in goodwill														2,800,000
Decrease in receivables														(900,000)
Decrease in assets held-for-sale														300,000
Decrease in fixed assets														1,600,000
Increase decrease in deferred tax liability														700,000
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
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								11,493,000
Goodwill								7,638,000
Intangible assets								4,210,000
Other long-term assets								121,000
Deferred tax liability								(4,792,000)
Accounts payable and other liabilities								(6,294,000)
Total								17,789,000
Transaction expenses incurred, not deductible for taxes purposes								$ 600,000
Increase (decrease) in goodwill														600,000
Foreign currency translation adjustment														$ 300,000
Acquisition 2,018
ACQUISITIONS
Revenue															163,600,000
Net income (loss)															1,500,000
Builders
ACQUISITIONS
Voting interest acquired (as a percent)	100.00%
Total consideration paid	$ 36,300,000
Cash payments for business consideration	$ 30,000,000
Number of shares transferred | shares	399,530
Equity transferred	$ 3,400,000
Outstanding debt assumed	2,900,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable									8,347,000				8,347,000		8,347,000			$ 8,347,000
Parts supplies									261,000				261,000		261,000			261,000
Prepaid and other current assets									1,509,000				1,509,000		1,509,000			1,509,000
Property and equipment									29,414,000				29,414,000		29,414,000			29,414,000
Goodwill									14,730,000				14,730,000		14,730,000			14,730,000
Intangible assets	13,100,000								10,600,000				10,600,000		10,600,000			10,600,000
Other long-term assets									536,000				536,000		536,000			536,000
Deferred tax liability									(9,202,000)				(9,202,000)		(9,202,000)			(9,202,000)
Accounts payable and other liabilities									(19,931,000)				(19,931,000)		(19,931,000)			(19,931,000)
Total									36,264,000				36,264,000		36,264,000			36,264,000
Provisional intangible assets															(2,500,000)
Transaction expenses incurred, not deductible for taxes purposes	$ 200,000
Amortization expense adjustment									200,000
Previous quarter amortziation expense									100,000
Accumulated amortization adjustment									200,000				200,000		200,000			200,000
Increase (decrease) in goodwill									400,000						2,500,000
Increase decrease in deferred tax liability									400,000
Builders | Non-compete agreements
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles									500,000				500,000		500,000			500,000
Builders | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles									5,100,000				5,100,000		5,100,000			5,100,000
Builders | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Indefinite lived intangibles									5,000,000				5,000,000		5,000,000			5,000,000
Aveda
ACQUISITIONS
Total consideration paid			$ 118,700,000
Cash payments for business consideration			$ 27,300,000
Number of shares transferred | shares			1,612,979
Equity transferred			$ 15,400,000
Contingent liability			21,200,000
Outstanding debt assumed			54,800,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable									37,255,000				37,255,000		37,255,000			37,255,000
Prepaid and other current assets									2,516,000				2,516,000		2,516,000			2,516,000
Property and equipment									89,752,000				89,752,000		89,752,000			89,752,000
Goodwill									7,037,000				7,037,000		7,037,000			7,037,000
Intangible assets			$ 9,000,000						15,001,000				15,001,000		15,001,000			15,001,000
Deferred tax liability									(5,950,000)				(5,950,000)		(5,950,000)			(5,950,000)
Accounts payable and other liabilities									(30,007,000)				(30,007,000)		(30,007,000)			(30,007,000)
Total									115,604,000				115,604,000		115,604,000			115,604,000
Cash per common share | $ / shares			$ 0.45
Provisional intangible assets															6,100,000
Transaction expenses incurred, not deductible for taxes purposes			$ 1,100,000
Increase (decrease) in goodwill									700,000						4,700,000
Increase decrease in deferred tax liability									700,000						4,700,000
Aveda | Non-compete agreements
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles									1,500,000				1,500,000		1,500,000			1,500,000
Aveda | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles									7,200,000				7,200,000		7,200,000			7,200,000
Aveda | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Indefinite lived intangibles									6,300,000				6,300,000		6,300,000			6,300,000
Kelsey Trail
ACQUISITIONS
Voting interest acquired (as a percent)		100.00%
Total consideration paid		$ 6,200,000
Cash payments for business consideration		$ 5,300,000
Number of shares transferred | shares		95,859
Equity transferred		$ 900,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable									2,320,000				2,320,000		2,320,000			2,320,000
Parts supplies									33,000				33,000		33,000			33,000
Prepaid and other current assets									382,000				382,000		382,000			382,000
Property and equipment									9,164,000				9,164,000		9,164,000			9,164,000
Goodwill									4,201,000				4,201,000		4,201,000			4,201,000
Intangible assets		1,900,000							1,550,000				1,550,000		1,550,000			1,550,000
Deferred tax liability									(3,635,000)				(3,635,000)		(3,635,000)			(3,635,000)
Accounts payable and other liabilities									(8,026,000)				(8,026,000)		(8,026,000)			(8,026,000)
Total									5,989,000				5,989,000		5,989,000			5,989,000
Provisional intangible assets															(300,000)
Transaction expenses incurred, not deductible for taxes purposes		$ 100,000
Increase (decrease) in goodwill									2,500,000				300,000
Increase decrease in deferred tax liability									2,500,000
Kelsey Trail | Non-compete agreements
Allocation of the purchase price paid to the fair values of the net assets
Finite lived intangibles									100,000				100,000		100,000			100,000
Kelsey Trail | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Indefinite lived intangibles									$ 1,500,000				$ 1,500,000		$ 1,500,000			$ 1,500,000

PREPAID AND OTHER CURRENT ASS_3

PREPAID AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
PREPAID AND OTHER CURRENT ASSETS
Insurance	$ 7,375	$ 7,642
Licensing, permits and tolls	5,649	4,096
Other assets	4,411	2,409
Other prepaids	3,852	2,948
Assets held for sale	3,573	9,907
Highway and fuel taxes	1,422	1,238
Total	$ 26,282	$ 28,240

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Goodwill
Balance at the beginning of the period	$ 302,702	$ 89,035
Goodwill impairment	(11,050)
Goodwill acquired and adjustments to previously recorded goodwill (net)	(32,120)	213,055
Foreign currency translation adjustment	(1,167)	612
Balance at the end of the period	258,365	302,702
Flatbed
Goodwill
Balance at the beginning of the period	105,866	46,660
Goodwill acquired and adjustments to previously recorded goodwill (net)	(4,368)	59,206
Balance at the end of the period	101,498	105,866
Specialized
Goodwill
Balance at the beginning of the period	196,836	42,375
Goodwill impairment	(11,050)
Goodwill acquired and adjustments to previously recorded goodwill (net)	(27,752)	153,849
Foreign currency translation adjustment	(1,167)	612
Balance at the end of the period	$ 156,867	$ 196,836

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Other Intangibles (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Jun. 30, 2018	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Intangible Assets, Net
Intangible Assets	$ 14,000	$ 255,121	$ 14,000	$ 255,121	$ 122,806
Accumulated Amortization		(46,330)		(46,330)	(29,686)
Intangible Assets, net		208,791		208,791	93,120
Foreign currency translation adjustment, Intangible asset, Gross		(195)		(195)	306
Foreign currency translation adjustment, Intangible asset, net		(195)		(195)	306
Amortization of intangible assets				16,643	6,695	$ 6,001
Future estimated amortization expense
Impairment charge		11,100	$ 2,800
Trade names
Intangible Assets, Net
Intangible Assets		90,600		90,600	41,180
Intangible Assets, net		90,600		90,600	41,180
Future estimated amortization expense
Impairment charge	2,800
Non-compete agreements
Intangible Assets, Net
Intangible Assets		33,840		33,840	12,230
Accumulated Amortization		(12,794)		(12,794)	(5,765)
Intangible Assets, net		21,046		$ 21,046	6,465
Weighted average remaining useful lives				3 years
Future estimated amortization expense
2,019		6,807		$ 6,807
2,020		5,426		5,426
2,021		4,662		4,662
2,022		3,928		3,928
2,023		223		223
Total		21,046		21,046
Customer relationships
Intangible Assets, Net
Intangible Assets		130,876		130,876	69,090
Accumulated Amortization		(33,536)		(33,536)	(23,921)
Intangible Assets, net		97,340		$ 97,340	$ 45,169
Weighted average remaining useful lives				10 years 4 months 24 days
Future estimated amortization expense
2,019		9,519		$ 9,519
2,020		9,519		9,519
2,021		9,519		9,519
2,022		9,519		9,519
2,023		9,519		9,519
Thereafter		49,745		49,745
Total		$ 97,340		$ 97,340
Specialized | Trade names
Future estimated amortization expense
Impairment charge	$ 2,800

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
PROPERTY AND EQUIPMENT
Property and equipment, Gross	$ 832,420	$ 619,047
Accumulated depreciation	(259,701)	(189,408)
Property and equipment, Net	572,719	429,639
Depreciation	114,439	70,168	$ 61,499
Revenue equipment
PROPERTY AND EQUIPMENT
Property and equipment, Gross	733,954	544,876
Buildings and improvements
PROPERTY AND EQUIPMENT
Property and equipment, Gross	61,913	53,366
Furniture and fixtures, office and computer equipment and vehicles
PROPERTY AND EQUIPMENT
Property and equipment, Gross	$ 36,553	$ 20,805

SALES-TYPE LEASES (Details)

SALES-TYPE LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Components of the net investment in sales-type leases
Minimum lease receivable	$ 78,087	$ 62,587
Deferred gain	(10,043)	(9,352)
Net minimum lease receivable	68,044	53,235
Unearned interest income	(12,285)	(10,432)
Net investment in sales-type leases	55,759	42,803
Current portion	(16,213)	(10,979)
Non-current portion	39,546	31,824
Gain on disposition of revenue equipment leased to owner-operators	2,403	$ 1,362	$ 751
Future minimum lease
2,019	16,213
2,020	14,535
2,021	10,973
2,022	11,195
2,023	2,684
Thereafter	159
Total	$ 55,759

ACCRUED EXPENSES AND OTHER LI_3

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ACCRUED EXPENSES AND OTHER LIABILITIES
Brokerage and escorts	$ 12,587	$ 6,264
Unvouchered payables	11,748	4,156
Owner operator deposits	9,270	8,431
Other accrued expenses	8,023	4,023
Sales and local taxes payable	3,259	954
Fuel and fuel taxes	1,197	1,508
Interest	458	540
Total	$ 46,542	$ 25,876

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Nov. 30, 2017	Feb. 28, 2017
Senior Debt
Long-term Debt, Gross	$ 702,414	$ 635,007
Less current portion	(63,535)	(43,056)
Less unamortized debt issuance costs			$ (4,800)	$ (14,200)
Long-term portion	622,650	574,301
Senior Debt
Senior Debt
Less current portion	(63,535)	(43,056)
Less unamortized debt issuance costs	(16,229)	(17,650)
Senior Debt | Line of credit
Senior Debt
Long-term Debt, Gross		4,561
Senior Debt | Term loan facility
Senior Debt
Long-term Debt, Gross	493,478	498,462
Equipment term loans
Senior Debt
Long-term Debt, Gross	190,708	126,227
Real estate term loan
Senior Debt
Less unamortized debt issuance costs	(400)
Capital leases
Senior Debt
Long-term Debt, Gross	$ 18,228	$ 5,757

LONG-TERM DEBT - ABL Facility (

LONG-TERM DEBT - ABL Facility (Details) - USD ($)	Jun. 15, 2018	Nov. 28, 2017	Aug. 31, 2017	Aug. 16, 2017	Aug. 15, 2017	Feb. 27, 2017	Apr. 30, 2016	Dec. 31, 2018	Dec. 31, 2017
LONG-TERM DEBT
Proceeds from Term Loan Facility									$ 500,000,000
Amount of parts supplies used as part of the borrowing base calculation						$ 3,000,000
Outstanding letters of credit								$ 14,200,000
Senior Debt
LONG-TERM DEBT
Credit facility						350,000,000
Senior term loan
LONG-TERM DEBT
Fixed charge coverage ratio Trailing Period								12 months
Equipment term loans | Maximum
LONG-TERM DEBT
Interest rate (as a percent)								10.70%
Equipment term loans | Minimum
LONG-TERM DEBT
Interest rate (as a percent)								1.50%
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%
Term loan facility
LONG-TERM DEBT
Credit facility						$ 250,000,000
Term loan facility | Credit Suisse AG
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2018								4.25%
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 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
Floor rate (as a percent)						2.00%
Basis spread on variable rate		4.00%				4.50%
Term loan facility | Credit Suisse AG | LIBOR
LONG-TERM DEBT
Floor rate (as a percent)						1.00%
Basis spread on variable rate		5.00%				5.50%
Term loan facility | Senior Debt | Credit Suisse AG
LONG-TERM DEBT
Credit facility						$ 350,000,000
Average interest rate on term loan								7.10%
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								$ 87,800,000
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 March 31, 2019			4.25%
ABL Member | Commencing March 31 2021
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2023			3.75%
ABL Member | PNC Bank National Association
LONG-TERM DEBT
Credit facility	$ 100,000,000					$ 70,000,000
Outstanding letters of credit								$ 14,100,000
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%
Facility's maximum credit amount	$ 30,000,000
Line of credit sublimit						$ 20,000,000
Interest rate (as a percent)								6.00%
ABL Member | Letter of credit
LONG-TERM DEBT
Outstanding letters of credit								$ 12,200,000
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 | Base Rate | Less than 33.3%
LONG-TERM DEBT
Basis spread on variable rate								0.50%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 33.3%, but less than 66.6%
LONG-TERM DEBT
Basis spread on variable rate								0.75%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 66.6%
LONG-TERM DEBT
Basis spread on variable rate								1.00%
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%
Revolving credit facility | PNC Bank National Association | LIBOR | Less than 33.3%
LONG-TERM DEBT
Basis spread on variable rate								1.50%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 33.3%, but less than 66.6%
LONG-TERM DEBT
Basis spread on variable rate								1.75%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 66.6%
LONG-TERM DEBT
Basis spread on variable rate								2.00%
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 ($)item	Dec. 31, 2018USD ($)Lender	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Nov. 30, 2017USD ($)	Feb. 28, 2017USD ($)	Apr. 26, 2016USD ($)	Feb. 19, 2015USD ($)
LONG-TERM DEBT
Loan balance		$ 702,414,000	$ 635,007,000
Deferred finance charges					$ 4,800,000	$ 14,200,000
Book value recorded under capital leases		16,600,000	7,000,000
Accumulated depreciation		7,800,000	5,800,000
Depreciation expense leased equipment		2,900,000	2,600,000	$ 7,000,000
Equipment term loans
LONG-TERM DEBT
Equipment with collateralizes term loans		190,700,000
Loan balance		$ 190,708,000	$ 126,227,000
Number of lenders | Lender		40
Equipment term loans | Minimum
LONG-TERM DEBT
Interest rate (as a percent)		1.50%
Equipment term loans | Maximum
LONG-TERM DEBT
Interest rate (as a percent)		10.70%
Bank mortgage loan
LONG-TERM DEBT
Loan balance		$ 3,900,000
Interest rate (as a percent)		3.70%
Monthly installments		$ 15,776
Real estate term loan
LONG-TERM DEBT
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, 2018	Dec. 31, 2013	Dec. 31, 2017
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,019	$ 64,357
2,020	49,697
2,021	41,806
2,022	29,730
2,023	26,885
Thereafter	492,372
Loan amount attributable to interest	(2,432)
Long-term debt and capital Lease Obligations, Total	702,415
Equipment term loans
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,019	53,703
2,020	42,660
2,021	34,952
2,022	24,863
2,023	21,486
Thereafter	13,045
Total (Present value of minimum lease payments on capital leases)	190,709
Capital leases
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,019	5,669
2,020	4,537
2,021	4,354
2,022	2,367
2,023	2,899
Thereafter	834
Total minimum lease payments	20,660
Loan amount attributable to interest	(2,432)
Total (Present value of minimum lease payments on capital leases)	18,228
Less current portion	(4,848)
Long-term capital leases	$ 13,380
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
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
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]
2,019	$ 4,985
2,020	2,500
2,021	2,500
2,022	2,500
2,023	2,500
Thereafter	478,493
Total (Present value of minimum lease payments on capital leases)	$ 493,478

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, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current:
Federal					$ (46)	$ (47)	$ (70)
State					3,960	1,258	582
Total current taxes					3,914	1,211	512
Deferred:
Federal					(10,918)	(51,388)	(1,139)
State					(7,423)	(1,863)	790
Foreign					(1,495)	(242)
Total deferred taxes					(19,836)	(53,493)	(349)
Provision (benefit) for income taxes	$ (1,664)	$ 670	$ (14,546)	$ (382)	$ (15,922)	$ (52,282)	$ 163

INCOME TAXES - Effective income

INCOME TAXES - Effective income tax and the U.S. statutory income tax rate (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Effective income tax rate and the U.S. statutory income tax rate
Income tax expense (benefit) at U.S. statutory income tax rate					$ (4,443)	$ (8,850)	$ (4,241)
Federal income tax effects of:
State income tax expense					(2,736)	(333)	370
Foreign taxes						(242)
Foreign tax rate differential					(293)	107
Per diem and other nondeductible expenses					4,100	3,198	3,434
Cumulative effect of change in effective tax rate	$ 46,100				(12,611)	(46,068)	522
Tax credits					(46)	(47)	(70)
Other					107	(47)	148
Provision (benefit) for income taxes	$ (1,664)	$ 670	$ (14,546)	$ (382)	$ (15,922)	$ (52,282)	$ 163
Effective tax rate					75.40%	206.80%	(1.30%)
Federal income tax rate					21.00%	35.00%
Provisional income tax benefit due to TCJA					$ 12,500

INCOME TAXES - Deferred tax ass

INCOME TAXES - Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets
Accrued expenses	$ 5,235	$ 3,977
Vacation accrual	610	527
Accounts receivable	417	103
Net operating losses	31,694	11,199
Interest expense limitation	1,313
Deferred start-up costs	1,405	1,502
Stock based compensation	1,303	452
Sales-type leases		1,233
Foreign assets	1,714
Total deferred tax assets	43,691	18,993
Deferred tax liabilities
Sales-type leases	(2,263)
Prepaid expenses	(4,061)	(2,700)
481(a) adjustment	(1,719)	(2,213)
Intangible assets	(44,056)	(17,246)
Property and equipment	(111,726)	(83,642)
Foreign liabilities	6,696	3,626
Total deferred tax liabilities	170,521	109,427
Net deferred tax liability	$ (126,830)	$ (90,434)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
Uncertain tax positions	$ 0	$ 0
Federal
Operating Loss Carryforwards [Line Items]
Federal and state net operating loss carry forwards	113,500
State
Operating Loss Carryforwards [Line Items]
Federal and state net operating loss carry forwards	$ 64,100

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	12 Months Ended
	Dec. 31, 2018USD ($)shareholder	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
RELATED PARTY TRANSACTIONS
Lease expense	$ 35,300,000	$ 23,800,000	$ 16,000,000
Future minimum lease payments under non-cancelable operating leases
Capital expenditures	572,719,000	429,639,000
Revenue Equipment
Future minimum lease payments under non-cancelable operating leases
2,019	19,533,000
2,020	12,988,000
2,021	5,730,000
2,022	3,181,000
2,023	220,000
Total	41,652,000
Office and Terminals
Future minimum lease payments under non-cancelable operating leases
2,019	11,919,000
2,020	11,231,000
2,021	9,470,000
2,022	8,482,000
2,023	6,586,000
Thereafter	22,969,000
Total	70,657,000
Shareholder and employee
RELATED PARTY TRANSACTIONS
Lease expense	4,700,000	2,900,000	900,000
Shareholder and employee | Revenue Equipment
Future minimum lease payments under non-cancelable operating leases
2,019	406,000
2,020	390,000
2,021	305,000
2,022	25,000
Total	1,126,000
Shareholder and employee | Office and Terminals
Future minimum lease payments under non-cancelable operating leases
2,019	4,314,000
2,020	4,183,000
2,021	3,959,000
2,022	3,890,000
2,023	3,433,000
Thereafter	13,043,000
Total	$ 32,822,000
Main Street Capital Corporation
RELATED PARTY TRANSACTIONS
Interest Expense, Related Party		500,000	2,600,000
Accrued interest, Related parties			400,000
Prudential Capital Partners
RELATED PARTY TRANSACTIONS
Interest Expense, Related Party		500,000	2,600,000
Accrued interest, Related parties			400,000
LST Seller notes
RELATED PARTY TRANSACTIONS
Interest Expense, Related Party		400,000	2,200,000
BHE Seller notes
RELATED PARTY TRANSACTIONS
Interest Expense, Related Party			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	600,000	800,000
Due to Related Parties	$ 10,000	10,000
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	$ 700,000	400,000	500,000
Accounts Receivable, Related Parties	51,000	53,000
Partially Owned Shareholders And Employee
Future minimum lease payments under non-cancelable operating leases
Revenue from Related Parties	1,000,000
Capital expenditures	800,000
Gain on sale of equipment	200,000
Carrier
Future minimum lease payments under non-cancelable operating leases
Revenue from Related Parties	100,000	200,000	$ 0
Accounts Receivable, Related Parties	$ 100,000	$ 0

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) $ / shares in Units, $ in Thousands

Dec. 15, 2018$ / shares

Nov. 27, 2018$ / shares

Sep. 14, 2018$ / shares

Aug. 21, 2018$ / shares

Aug. 01, 2018USD ($)shares

Jul. 01, 2018USD ($)shares

Jun. 20, 2018$ / shares

Jun. 06, 2018USD ($)shares

Jun. 01, 2018$ / sharesshares

May 22, 2018$ / shares

Mar. 15, 2018$ / shares

Feb. 27, 2018$ / shares

Jan. 16, 2018shares

Jan. 14, 2018USD ($)$ / sharesshares

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 ($)shares

Feb. 21, 2017$ / shares

Oct. 13, 2016$ / shares

Feb. 28, 2017shares

Dec. 31, 2018USD ($)Voteitem$ / sharesshares

Dec. 31, 2017USD ($)$ / shares

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

Number of votes for each common stock | Vote

1

Issuance of common stock (in shares)

7,500,000

5,292,000

5,675,967

Common stock par value | $ / shares

$ 0.0001

Issuance of stock | $

$ 63,600

$ 104,511

$ 127,303

Proceeds from issuance of common stock | $

$ 84,400

$ 84,397

$ 127,893

Common stock, par value | $ / shares

$ 0.0001

$ 0.0001

Purchase price paid in common stock (in value) | $

$ 19,706

$ 63,987

2017 Omnibus Incentive Plan

Shares of common stock reserved for future issuance

1,500,000

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 | $ / shares

$ 0.01

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

$ 24

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

Warrants exercisable period

30 days

Private Placement Warrants

Total number of warrants outstanding

15,080,756

Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc

Proceeds from issuance of common stock | $

$ 83,429

Proceeds from convertible preferred stock | $

$ 65,000

Aveda

Purchase price paid in common stock (in shares)

1,612,979

Purchase price paid in common stock (in value) | $

$ 15,400

Kelsey Trail

Purchase price paid in common stock (in shares)

95,859

Purchase price paid in common stock (in value) | $

$ 900

Builders

Purchase price paid in common stock (in shares)

399,530

Purchase price paid in common stock (in value) | $

$ 3,400

IPO

Issuance of common stock (in shares)

4,882,167

Selling Stockholders

Issuance of common stock (in shares)

409,833

Gross selling price to public | $ / shares

$ 12

Selling price to public | $ / shares

$ 10.60

$ 11.34

Underwriting agreement

Issuance of common stock (in shares)

1,125,000

793,800

Duration to purchase additional shares

30 days

30 days

Series A

Proceeds from convertible preferred stock | $

$ 65,000

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 at option by delivery of Notice of Conversion (in days)

10 days

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%

7.625%

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

$ 1.91

$ 1.91

$ 1.91

$ 1.91

$ 1.91

$ 1.91

$ 1.91

$ 0.68

$ 7.63

$ 6.40

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

$ 1.91

$ 1.91

$ 1.91

$ 1.91

$ 1.91

$ 1.91

$ 1.91

Accrued convertible preferred dividends | $

$ 0

$ 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

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

Issuance of common stock (in shares)

650,000

Proceeds from convertible preferred stock | $

$ 65,000

Series B

Preferred stock, issued (in shares)

64,500

64,500

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

$ 12.50

$ 12.50

$ 18.75

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

$ 12.50

$ 18.75

Accrued convertible preferred dividends | $

$ 1,209

Preferred stock, outstanding (in shares)

64,500

Conversion of Convertible Stock to common shares (in shares)

9,301,150

Earn out provision | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc

Common stock, par value | $ / shares

$ 0.0001

Purchase price paid in common stock (in shares)

5,000,000

STOCK-BASED COMPENSATION Option

STOCK-BASED COMPENSATION Options (Details) - 2017 Omnibus Incentive Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended		19 Months Ended	22 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2018	Feb. 27, 2017
Stock options and restricted stock units granted under the 2017 Plan
Number of shares authorized					4,500,000
Stock Option
Stock option grants under the Plan
# of Options Granted	491,095	1,664,995
Issued and Outstanding (in shares)	2,066,529	1,655,995	2,066,529	2,066,529
Weighted Average Exercise Price (in dollars per share)	$ 9.81	$ 10.36
Stock Option | Director Group
Stock option grants under the Plan
# of Options Granted				150,000
Issued and Outstanding (in shares)	145,000		145,000	145,000
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
Restricted stock unit grants under the Plan
Vesting Period (in years)	5 years
Stock Option | Employee Group
Stock option grants under the Plan
# of Options Granted				2,001,594
Issued and Outstanding (in shares)	1,921,529		1,921,529	1,921,529
Vesting Period (in years)	5 years
Weighted Average Exercise Price (in dollars per share)				$ 10.25
Weighted Average Grant Date Fair Value (in dollars)				$ 8,907
Restricted stock unit grants under the Plan
Vesting Period (in years)	5 years
Restricted Stock Units (RSUs)
Restricted stock unit grants under the Plan
# of Restricted Stock Units Granted	592,015	1,008,868
Issued and outstanding	841,361	763,591	841,361	841,361
Restricted Stock Units (RSUs) | Director Group
Stock option grants under the Plan
Vesting Period (in years)			1 year
Restricted stock unit grants under the Plan
# of Restricted Stock Units Granted			31,512
Issued and outstanding	31,512		31,512	31,512
Vesting Period (in years)			1 year
Grant Date Fair Value	$ 313		$ 313	$ 313
Restricted Stock Units (RSUs) | Employee Group
Stock option grants under the Plan
Vesting Period (in years)			5 years
Restricted stock unit grants under the Plan
# of Restricted Stock Units Granted			1,568,655
Issued and outstanding	809,849		809,849	809,849
Vesting Period (in years)			5 years
Grant Date Fair Value	$ 16,612		$ 16,612	$ 16,612

STOCK-BASED COMPENSATION Black

STOCK-BASED COMPENSATION Black Scholes option-pricing (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair value of stock option grants
Maximum risk free interest rate		2.23%
Weighted average fair value option granted	$ 2.1	$ 7.5
Stock Option
Fair value of stock option grants
Weighted average expected life	6 years 6 months
Minimum risk free interest rate	2.28%	1.95%
Maximum risk free interest rate	3.00%
Minimum expected volatility	36.70%	40.10%
Maximum expected volatility	39.90%	40.60%
Expected dividend rate	0.00%	0.00%

STOCK-BASED COMPENSATION Opti_2

STOCK-BASED COMPENSATION Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares
Shares
Vested and expected to vest (in shares) | shares		1,655,995
Weighted Average Exercise Price
Vested and expected to vest (in dollars per share) | $ / shares		$ 10.36
Weighted Average Remaining Contractual Terms and Aggregate Intrinsic Value
Vested and expected to vest (in years)		9 years 3 months 18 days
Vested and expected to vest (in dollars) | $		$ 6,505
2017 Omnibus Incentive Plan | Stock Option
Shares
Outstanding, at the beginning (in shares) | shares	1,655,995
Granted (in shares) | shares	491,095	1,664,995
Exercised (in shares) | shares	(5,000)
Forfeited or expired (in shares) | shares	(75,561)	(9,000)
Outstanding, at the end (in shares) | shares	2,066,529	1,655,995
Exercisable at the end, Shares | shares	323,737
Vested and expected to vest (in shares) | shares	2,066,529
Weighted Average Exercise Price
Outstanding, at the beginning (in dollars per shares) | $ / shares	$ 10.36
Granted (in dollars per shares) | $ / shares	9.81	$ 10.36
Exercised (in dollars per shares) | $ / shares	9.98
Forfeited or expired (in dollars per shares) | $ / shares	10.46	9.98
Outstanding, at the end (in dollars per shares) | $ / shares	10.23	$ 10.36
Exercisable at the end (in dollars per shares) | $ / shares	10.39
Vested and expected to vest (in dollars per share) | $ / shares	$ 10.23
Weighted Average Remaining Contractual Terms and Aggregate Intrinsic Value
Weighted Average Remaining Contractual Terms (Years)	8 years 6 months	9 years 3 months 18 days
Weighted Average Remaining Contractual Terms, Granted (Years)	10 years	10 years
Exercisable at the end, Weighted Average Remaining Contractual Terms (Years)	8 years 3 months 18 days
Vested and expected to vest (in years)	8 years 6 months
Aggregate Intrinsic Value, Outstanding, at the beginning (in dollars) | $	$ 6,505
Granted (in dollars) | $	$ 36	$ 341
Forfeited or expired ((in dollars) | $		20
Aggregate Intrinsic Value, Outstanding at the end (in dollars) | $		$ 6,505
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years

STOCK-BASED COMPENSATION Restri

STOCK-BASED COMPENSATION Restricted Stock (Details) - 2017 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Units
Non-vested at the beginning (in units)	763,591
Granted (in units)	592,015	1,008,868
Vested (in units)	(128,130)
Forfeited (in units)	(386,115)	(245,277)
Non-vested at the end (in units)	841,361	763,591
Weighted Average Grant Date Fair Value (Per Unit)
Outstanding at the beginning (per unit)	$ 9.98
Granted (per unit)	11.57	$ 9.99
Vested (per unit)	9.86
Forfeited (per unit)	11.43	10.01
Outstanding at the end (per unit)	$ 10.44	$ 9.98

STOCK-BASED COMPENSATION Aggreg

STOCK-BASED COMPENSATION Aggregate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Stock Option
Stock-based compensation
Unrecognized stock-based compensation expense	$ 6.4
Weighted average period of recognition	3 years 7 months 6 days
Restricted Stock Units (RSUs)
Stock-based compensation
Unrecognized stock-based compensation expense	$ 7.4
Weighted average period of recognition	3 years 9 months 18 days
Salaries, wages and employee benefits
Stock-based compensation
Aggregate stock-based compensation charges	$ 3.6	$ 1.9

DEFINED CONTRIBUTION PLAN (Deta

DEFINED CONTRIBUTION PLAN (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
DEFINED CONTRIBUTION PLAN
Company's expense under matching requirements	$ 3,700,000	$ 2,400,000	$ 2,200,000
Employer contributions	$ 389,000	$ 153,000	$ 0

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Leased Assets [Line Items]
Rent expense	$ 35,300	$ 23,800	$ 16,000
Outstanding letters of credit	14,200
Revenue Equipment
Future minimum lease payments under non-cancelable operating leases
2,019	19,533
2,020	12,988
2,021	5,730
2,022	3,181
2,023	220
Total	41,652
Office and Terminals
Future minimum lease payments under non-cancelable operating leases
2,019	11,919
2,020	11,231
2,021	9,470
2,022	8,482
2,023	6,586
Thereafter	22,969
Total	$ 70,657

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	$ 447,013	$ 461,589	$ 376,899	$ 327,581					$ 1,613,082	$ 846,304	$ 651,802
Operating income (loss)									21,911	7,015	10,633
Depreciation									114,439	70,168	61,499
Amortization of intangible assets									16,643	6,695	6,001
Interest expense									45,505	29,556	23,124
Income (loss) before provision for income tax									(21,109)	(25,286)	(12,116)
Total assets	1,390,868				$ 1,125,668				1,390,868	1,125,668	570,235
Gross capital expenditures									156,286	41,689	40,568
Corporate/Eliminations
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue									(13,985)	(6,934)
Operating income (loss)									(34,058)	(26,791)	(21,288)
Depreciation									165	149	156
Interest expense									25,636	14,021	10,731
Income (loss) before provision for income tax									(27,839)	(18,163)	(14,951)
Total assets	41,843				70,355				41,843	70,355	4,709
Gross capital expenditures									2,085	600	215
Flatbed
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses									5,100	3,000	2,200
Flatbed | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue									662,003	354,106
Operating income (loss)									32,918	18,461	15,643
Depreciation									29,937	27,436	28,523
Amortization of intangible assets									6,162	1,747	1,922
Interest expense									8,588	7,110	5,953
Income (loss) before provision for income tax									13,811	(835)	852
Total assets	464,836				379,475				464,836	379,475	283,370
Gross capital expenditures									38,181	8,405	18,427
Specialized
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses									8,900	3,900	2,400
Specialized | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue									965,064	499,132
Operating income (loss)									23,051	15,345	16,278
Depreciation									84,337	42,583	32,820
Amortization of intangible assets									10,481	4,948	4,079
Interest expense									11,281	8,425	6,440
Income (loss) before provision for income tax									(7,081)	(6,288)	1,983
Total assets	$ 884,189				675,838				884,189	675,838	282,156
Gross capital expenditures									$ 116,020	32,684	21,926
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue					$ 257,225	$ 231,322	$ 197,323	$ 160,434		846,304	651,802
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Corporate/Eliminations
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue										(6,934)	(4,636)
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Flatbed | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue										354,106	310,440
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Specialized | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue										$ 499,132	$ 345,998

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Numerator
Net income	$ (20,056)	$ 2,181	$ 13,485	$ (797)	$ (5,187)	$ 26,996	$ (12,279)
Convertible Cumulative Preferred Stock dividends					4,956	4,964	4,770
Net income (loss) available to common stockholders	$ (21,295)	$ 942	$ 12,246	$ (2,036)	$ (10,143)	$ 22,032	$ (17,049)
Weighted-average common shares outstanding:
Weighted-average shares outstanding					61,654,820	37,592,549	20,980,961
Effect of dilutive securities:
Denominator for diluted earnings per share - adjusted weighted average shares and consumed conversions					61,654,820	39,593,701	20,980,961
Basic (in dollars per share)	$ (0.33)	$ 0.01	$ 0.20	$ (0.04)	$ (0.16)	$ 0.59	$ (0.81)
Diluted earnings (loss) per common share	$ (0.33)	$ 0.01	$ 0.20	$ (0.04)	$ (0.16)	$ 0.56	$ (0.81)
Performance Shares [Member]
Effect of dilutive securities:
Equivalent shares issuable upon exercises of stock options						1,250,000
Stock Option
Effect of dilutive securities:
Equivalent shares issuable upon exercises of stock options						254,312
Restricted Stock [Member]
Effect of dilutive securities:
Equivalent shares issuable upon exercises of stock options						496,840
Series A
Preferred stock dividend rate (as a percent)					7.625%	7.625%

QUARTERLY RESULTS (UNAUDITED)_2

QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Total revenue	$ 447,013	$ 461,589	$ 376,899	$ 327,581					$ 1,613,082	$ 846,304	$ 651,802
Operating expenses:
Impairment	11,100		2,800
Intangible Assets	255,121		14,000		$ 122,806				255,121	122,806
Cumulative effect of change in effective tax rate	46,100								(12,611)	(46,068)	522
Salaries, wages and employee benefits	119,695	114,776	90,614	82,344					407,429	249,996	197,789
Operations and maintenance	55,012	51,494	40,465	34,563					181,534	118,390	96,100
Communications	908	920	807	699					3,334	2,145	1,618
Administrative expenses	17,096	16,075	13,077	12,137					58,385	33,233	25,250
Sales and marketing	1,075	1,007	651	636					3,369	1,965	1,743
Insurance and claims	13,476	12,738	10,428	9,184					45,826	23,962	19,114
Acquisition-related transaction expenses	241	601	1,402	440					2,684	3,377	25
Depreciation and amortization	37,334	36,800	31,766	25,182					131,082	76,863	67,500
Gain on disposition of revenue property and equipment	(1,692)	(899)	(490)	(155)					(3,236)	(700)	(116)
Impairments	11,050		2,840						13,890		2,005
Total operating expenses	455,284	447,672	368,391	319,824					1,591,171	839,289	641,169
Total other expense	13,449	11,066	9,569	8,936					43,020	32,301	22,749
Provision (benefit) for income taxes	(1,664)	670	(14,546)	(382)					(15,922)	(52,282)	163
Net income (loss)	(20,056)	2,181	13,485	(797)					(5,187)	26,996	(12,279)
Convertible preferred stockholders dividend	(1,239)	(1,239)	(1,239)	(1,239)
Net income (loss) attributable to common stockholders	$ (21,295)	$ 942	$ 12,246	$ (2,036)					$ (10,143)	$ 22,032	$ (17,049)
Basic earnings (loss) per common share	$ (0.33)	$ 0.01	$ 0.20	$ (0.04)					$ (0.16)	$ 0.59	$ (0.81)
Diluted earnings (loss) per common share	$ (0.33)	$ 0.01	$ 0.20	$ (0.04)					$ (0.16)	$ 0.56	$ (0.81)
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenues:
Total revenue					257,225	$ 231,322	$ 197,323	$ 160,434		$ 846,304	$ 651,802
Operating expenses:
Salaries, wages and employee benefits					76,734	64,955	58,186	50,121
Operations and maintenance					31,067	35,132	28,967	23,224
Communications					653	539	549	404
Administrative expenses					9,214	8,619	8,022	7,378
Sales and marketing					539	488	555	383
Taxes and licenses					3,200	2,963	2,611	2,281
Insurance and claims					8,446	6,351	5,042	4,123
Acquisition-related transaction expenses					1,122	773	1,037	445
Depreciation and amortization					23,105	19,805	17,638	16,315
Gain on disposition of revenue property and equipment					(187)	(339)	26	(200)
Total operating expenses					259,529	225,618	192,859	161,283
Total other expense					7,731	8,516	6,387	9,667
Provision (benefit) for income taxes					(48,834)	(2,862)	2,184	(2,770)
Net income (loss)					38,799	50	(4,107)	(7,746)
Convertible preferred stockholders dividend					(1,240)	(1,225)	(1,693)	(806)
Net income (loss) attributable to common stockholders					$ 37,559	$ (1,175)	$ (5,800)	$ (8,552)
Basic earnings (loss) per common share					$ 0.82	$ (0.03)	$ (0.15)	$ (0.32)
Basic and diluted EPS (in dollars per share)					$ 0.62	$ (0.03)	$ (0.15)	$ (0.32)
Freight
Revenues:
Total revenue	$ 320,065	$ 329,474	$ 272,583	$ 240,071					$ 1,162,193	632,764	517,861
Freight | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenues:
Total revenue					$ 186,310	$ 171,245	$ 149,654	$ 125,555
Brokerage
Revenues:
Total revenue	78,004	82,203	60,091	46,139					266,437	120,943	87,410
Brokerage | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenues:
Total revenue					37,220	34,198	28,656	20,869
Logistics
Revenues:
Total revenue	11,500	11,656	8,891	10,717					42,764	22,074
Logistics | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenues:
Total revenue					11,503	7,871	2,700
Fuel
Revenues:
Total revenue	37,444	38,256	35,334	30,654					141,688	70,523	46,531
Operating expenses:
Cost of revenue	37,431	38,931	31,359	33,376					141,097	93,749	66,865
Fuel | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenues:
Total revenue					22,192	18,008	16,313	14,010
Operating expenses:
Cost of revenue					29,326	24,734	20,466	19,223
Service
Operating expenses:
Cost of revenue	158,749	170,548	141,582	117,724					588,603	225,254	154,054
Taxes and licenses	$ 4,909	$ 4,681	$ 3,890	$ 3,694					$ 17,174	$ 11,055	$ 9,222
Service | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Operating expenses:
Cost of revenue					$ 76,310	$ 61,598	$ 49,760	$ 37,586

Uncategorized Items - dske-2018

Label	Element	Value
Leavitts Freight Service [Member]
Real Estate And Accumulated Depreciation Percentage Of Voting Interests Acquired	dske_RealEstateAndAccumulatedDepreciationPercentageOfVotingInterestsAcquired	100.00%
Real Estate And Accumulated Depreciation Initial Cost	dske_RealEstateAndAccumulatedDepreciationInitialCost	$ 14,900,000
Fair Value Measurements Nonrecurring [Member] | Leavitts Freight Service [Member]
Property, Plant and Equipment, Gross	us-gaap_PropertyPlantAndEquipmentGross	8,551,000
Asset Acquisition Transaction Expenses Tax Deductible	dske_AssetAcquisitionTransactionExpensesTaxDeductible	300,000
Increase (Decrease) in Intangible Assets, Current	us-gaap_IncreaseDecreaseInIntangibleAssetsCurrent	(1,600,000)
Prepaid Expense and Other Assets, Current	us-gaap_PrepaidExpenseAndOtherAssetsCurrent	384,000
Goodwill	us-gaap_Goodwill	5,108,000
Inventory, Parts and Components, Net of Reserves	us-gaap_InventoryPartsAndComponentsNetOfReserves	53,000
Accounts Payable and Other Accrued Liabilities	us-gaap_AccountsPayableAndOtherAccruedLiabilities	4,935,000
Finite-lived Intangible Assets, Fair Value Disclosure	us-gaap_FiniteLivedIntangibleAssetsFairValueDisclosure	5,200,000
Finite-lived Intangible Assets, Fair Value Disclosure	us-gaap_FiniteLivedIntangibleAssetsFairValueDisclosure	3,600,000
Accounts Receivable, Fair Value Disclosure	us-gaap_AccountsReceivableFairValueDisclosure	1,968,000
Fair Value, Net Asset (Liability)	us-gaap_FairValueNetAssetLiability	14,729,000
Trade Names [Member] | Fair Value Measurements Nonrecurring [Member] | Leavitts Freight Service [Member]
Finite-lived Intangible Assets, Fair Value Disclosure	us-gaap_FiniteLivedIntangibleAssetsFairValueDisclosure	1,800,000
Noncompete Agreements [Member] | Fair Value Measurements Nonrecurring [Member] | Leavitts Freight Service [Member]
Finite-lived Intangible Assets, Fair Value Disclosure	us-gaap_FiniteLivedIntangibleAssetsFairValueDisclosure	500,000
Customer Relationships [Member] | Fair Value Measurements Nonrecurring [Member] | Leavitts Freight Service [Member]
Finite-lived Intangible Assets, Fair Value Disclosure	us-gaap_FiniteLivedIntangibleAssetsFairValueDisclosure	$ 1,300,000