Marten Transport (MRTN) 10-Q 9 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	1-May-14
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'MARTEN TRANSPORT LTD	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	33,354,212
Amendment Flag	'false	'
Entity Central Index Key	'0000799167	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Condensed_Balance

Consolidated Condensed Balance Sheets (Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$19,315	$13,650
Receivables:	'	'
Trade, net	70,306	70,869
Other	2,212	4,142
Prepaid expenses and other	13,366	15,274
Deferred income taxes	3,479	3,415
Total current assets	108,678	107,350
Property and equipment:	'	'
Accumulated depreciation	-171,886	-164,916
Net property and equipment	424,145	415,009
Other assets	3,489	3,443
TOTAL ASSETS	536,312	525,802
Current liabilities:	'	'
Accounts payable and accrued liabilities	42,467	38,624
Insurance and claims accruals	14,847	14,404
Total current liabilities	57,314	53,028
Deferred income taxes	114,777	113,637
Total liabilities	172,091	166,665
Stockholders’ equity:	'	'
Preferred stock, $.01 par value per share; 2,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $.01 par value per share; 48,000,000 shares authorized; 33,349,150 shares at March 31, 2014, and 33,301,048 shares at December 31, 2013, issued and outstanding	333	333
Additional paid-in capital	85,708	85,077
Retained earnings	278,180	273,727
Total stockholders’ equity	364,221	359,137
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	536,312	525,802
Office Equipment And Other [Member]	'	'
Property and equipment:	'	'
Revenue equipment, buildings and land, office equipment and other	$596,031	$579,925

Consolidated_Condensed_Balance1

Consolidated Condensed Balance Sheets (Unaudited) (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Preferred stock, par value (in Dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$0.01	$0.01
Common stock, shares authorized	48,000,000	48,000,000
Common stock, shares issued	33,349,150	33,301,048
Common stock, shares outstanding	33,349,150	33,301,048

Consolidated_Condensed_Stateme

Consolidated Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
OPERATING REVENUE	$159,409	$164,474
OPERATING EXPENSES (INCOME):	'	'
Salaries, wages and benefits	43,732	42,125
Purchased transportation	28,130	34,184
Fuel and fuel taxes	39,826	40,323
Supplies and maintenance	10,435	9,533
Depreciation	16,371	15,688
Operating taxes and licenses	1,713	1,770
Insurance and claims	6,125	5,811
Communications and utilities	1,433	1,283
Gain on disposition of revenue equipment	-663	-2,415
Other	3,667	3,634
Total operating expenses	150,769	151,936
OPERATING INCOME	8,640	12,538
OTHER	-98	-15
INCOME BEFORE INCOME TAXES	8,738	12,553
Less: Income before income taxes attributable to noncontrolling interest	'	84
INCOME BEFORE INCOME TAXES ATTRIBUTABLE TO MARTEN TRANSPORT, LTD.	8,738	12,469
PROVISION FOR INCOME TAXES	3,451	5,267
NET INCOME	$5,287	$7,202
BASIC EARNINGS PER COMMON SHARE (in Dollars per share)	$0.16	$0.22
DILUTED EARNINGS PER COMMON SHARE (in Dollars per share)	$0.16	$0.22
DIVIDENDS DECLARED PER COMMON SHARE (in Dollars per share)	$0.03	$0.02

Consolidated_Condensed_Stateme1

Consolidated Condensed Statements of Stockholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
In Thousands
Balance at Dec. 31, 2012	$332	$82,679	$246,349	$2,563	$331,923
Balance (in Shares) at Dec. 31, 2012	33,164	'	'	'	'
Net income	'	'	7,202	'	7,202
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	'	22	'	'	22
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards (in Shares)	18	'	'	'	'
Share-based payment arrangement compensation expense	'	217	'	'	217
Dividends on common stock	'	'	-553	'	-553
Income before income taxes attributable to noncontrolling interest	'	'	'	84	84
Noncontrolling interest distributions	'	'	'	-84	-84
Change to equity method of accounting	'	'	'	-2,563	-2,563
Balance at Mar. 31, 2013	332	82,918	252,998	'	336,248
Balance (in Shares) at Mar. 31, 2013	33,182	'	'	'	'
Net income	'	'	22,945	'	22,945
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	1	1,103	'	'	1,104
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards (in Shares)	119	'	'	'	'
Tax benefits from share-based payment arrangement exercises	'	189	'	'	189
Share-based payment arrangement compensation expense	'	867	'	'	867
Dividends on common stock	'	'	-2,216	'	-2,216
Balance at Dec. 31, 2013	333	85,077	273,727	'	359,137
Balance (in Shares) at Dec. 31, 2013	33,301	'	'	'	'
Net income	'	'	5,287	'	5,287
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	'	370	'	'	370
Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards (in Shares)	48	'	'	'	'
Tax benefits from share-based payment arrangement exercises	'	50	'	'	50
Share-based payment arrangement compensation expense	'	211	'	'	211
Dividends on common stock	'	'	-834	'	-834
Balance at Mar. 31, 2014	$333	$85,708	$278,180	'	$364,221
Balance (in Shares) at Mar. 31, 2014	33,349	'	'	'	'

Consolidated_Condensed_Stateme2

Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operations:	'	'
Net income	$5,287	$7,202
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	16,371	15,688
Gain on disposition of revenue equipment	-663	-2,415
Deferred income taxes	1,076	1,564
Tax benefits from share-based payment arrangement exercises	50	'
Excess tax benefits from share-based payment arrangement exercises	-5	'
Share-based payment arrangement compensation expense	211	217
Income before income taxes attributable to noncontrolling interest	'	84
Equity in earnings from affiliate	-37	'
Changes in other current operating items:	'	'
Receivables	1,795	-307
Prepaid expenses and other	1,908	1,783
Accounts payable and accrued liabilities	1,072	-1,572
Insurance and claims accruals	443	-250
Net cash provided by operating activities	27,508	21,994
CASH FLOWS USED FOR INVESTING ACTIVITIES:	'	'
Decrease in cash and cash equivalents resulting from change to equity method of accounting	'	-1,924
Other	-9	91
Net cash used for investing activities	-21,384	-13,085
CASH FLOWS USED FOR FINANCING ACTIVITIES:	'	'
Dividends on common stock	-834	-553
Issuance of common stock from share-based payment arrangement exercises	370	22
Excess tax benefits from share-based payment arrangement exercises	5	'
Borrowings under credit facility and long-term debt	'	2,649
Repayment of borrowings under credit facility and long-term debt	'	-5,375
Noncontrolling interest distributions	'	-84
Net cash used for financing activities	-459	-3,341
NET CHANGE IN CASH AND CASH EQUIVALENTS	5,665	5,568
CASH AND CASH EQUIVALENTS:	'	'
Beginning of period	13,650	3,473
End of period	19,315	9,041
SUPPLEMENTAL NON-CASH DISCLOSURE:	'	'
Change in property and equipment not yet paid for	3,469	15,861
Cash paid for:	'	'
Interest	24	2
Income taxes	2,347	3,697
Revenue Equipment [Member]	'	'
CASH FLOWS USED FOR INVESTING ACTIVITIES:	'	'
Proceeds from disposition of property, plant, and equipment	9,850	14,478
Buildings And Land, Office Equipment And Other [Member]	'	'
CASH FLOWS USED FOR INVESTING ACTIVITIES:	'	'
Proceeds from disposition of property, plant, and equipment	'	2
Revenue Equipment [Member]	'	'
CASH FLOWS USED FOR INVESTING ACTIVITIES:	'	'
Additions to property, plant, and equipment	-27,543	-23,989
Buildings And Land, Office Equipment And Other [Member]	'	'
CASH FLOWS USED FOR INVESTING ACTIVITIES:	'	'
Additions to property, plant, and equipment	($3,682)	($1,743)

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	(1) Basis of Presentation
	The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial statements, and therefore do not include all information and disclosures required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, such statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary to fairly present our consolidated financial condition, results of operations and cash flows for the interim periods presented. The results of operations for any interim period do not necessarily indicate the results for the full year. The unaudited interim consolidated financial statements should be read with reference to the consolidated financial statements and notes to consolidated financial statements in our 2013 Annual Report on Form 10-K.
	The accompanying unaudited consolidated condensed financial statements include the accounts of Marten Transport, Ltd., its subsidiaries and, through March 27, 2013, its 45% owned affiliate, MW Logistics, LLC (MWL). As of March 28, 2013, Marten Transport deconsolidated MWL as we are no longer the primary beneficiary of MWL (See Note 8).

Note_2_Earnings_Per_Common_Sha

Note 2 - Earnings Per Common Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	(2) Earnings per Common Share
	Basic and diluted earnings per common share were computed as follows:
		Three Months Ended March 31,
		2014		2013
	(In thousands, except per share amounts)
	Numerator:
	Net income	$	5,287	$	7,202
	Denominator:
	Basic earnings per common share - weighted-average shares		33,340		33,182
	Effect of dilutive stock options		291		140
	Diluted earnings per common share - weighted-average shares and assumed conversions		33,631		33,322
	Basic earnings per common share	$	0.16	$	0.22
	Diluted earnings per common share	$	0.16	$	0.22
	Options totaling 108,500 and 594,075 shares for the three-month periods ended March 31, 2014 and March 31, 2013, respectively, were outstanding but were not included in the calculation of diluted earnings per share because including the options in the denominator would be antidilutive, or decrease the number of weighted-average shares, due to their exercise prices exceeding the average market price of the common shares or due to inclusion of average unrecognized compensation expense in the calculation.
	Unvested performance unit awards totaling 35,964 and 51,962 shares for the three-month periods ended March 31, 2014 and March 31, 2013, respectively, were considered outstanding but were not included in the calculation of diluted earnings per share because inclusion of average unrecognized compensation expense in the calculation would cause the performance units to be antidilutive.

Note_3_Stock_Split

Note 3 - Stock Split	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	(3) Stock Split
	On June 14, 2013, we effected a three -for- two stock split of our common stock, $.01 par value, in the form of a 50% stock dividend. Our consolidated condensed financial statements, related notes, and other financial data contained in this report have been adjusted to give retroactive effect to the stock split for all periods presented.

Note_4_LongTerm_Debt

Note 4 - Long-Term Debt	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	(4) Long-Term Debt
	We maintain a credit agreement that provides for an unsecured committed credit facility which matures in May 2016. The aggregate principal amount of the credit facility of $50 million may be increased at our option, subject to completion of signed amendments with the lender, up to a maximum aggregate principal amount of $75 million. At March 31, 2014, there was no outstanding principal balance on the credit facility. As of that date, we had outstanding standby letters of credit of $8.3 million and remaining borrowing availability of $41.7 million. This facility bears interest at a variable rate based on the London Interbank Offered Rate or the lender’s Prime Rate, in each case plus/minus applicable margins. The weighted average interest rate for the facility was 0.99% at September 30, 2013, the last quarter-end date with an outstanding principal balance.

Note_5_Related_Party_Transacti

Note 5 - Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	(5) Related Party Transactions
	We purchase fuel and obtain tires and related services from Bauer Built, Inc., or BBI. Jerry M. Bauer, one of our directors, is the chairman of the board and chief executive officer and the principal stockholder of BBI. We paid BBI $138,000 in the first three months of 2014 and $171,000 in the first three months of 2013 for fuel and tire services. In addition, we paid $238,000 in the first three months of 2014 and $307,000 in the first three months of 2013 to tire manufacturers for tires that we purchased from the tire manufacturers but were provided by BBI. BBI received commissions from the tire manufacturers related to these purchases.
	We provide transportation services to MWL as described in Note 8.

Note_6_Dividends

Note 6 - Dividends	3 Months Ended
	Mar. 31, 2014
Dividends [Abstract]	'
Dividends [Text Block]	'
	(6) Dividends
	In 2010, we announced that our Board of Directors approved a regular cash dividend program to our stockholders, subject to approval each quarter. Quarterly cash dividends of $0.025 per share of common stock were declared in March 2014 and paid in April 2014, and of $0.017 per share of common stock were paid in March 2013.

Note_7_Accounting_for_Sharebas

Note 7 - Accounting for Share-based Payment Arrangement Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	(7) Accounting for Share-based Payment Arrangement Compensation
	We account for share-based payment arrangements in accordance with Financial Accounting Standards Board Accounting Standards Codification, or FASB ASC, 718, Compensation – Stock Compensation. During the first three months of 2014, there were no significant changes to the structure of our stock-based award plans. Pre-tax compensation expense related to stock options and performance unit awards recorded in the first three months of 2014 and 2013 was $211,000 and $217,000, respectively. See Note 11 to our consolidated financial statements in our 2013 Annual Report on Form 10-K for a detailed description of stock-based awards under our 2005 Stock Incentive Plan.

Note_8_Equity_Investment

Note 8 - Equity Investment	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	(8) Equity Investment
	We own a 45% equity interest in MWL, a third-party provider of logistics services to the transportation industry. A non-related party owns the other 55% equity interest in MWL. Pursuant to the guidance in the Variable Interest Entities (VIE) Subsections of FASB ASC 810, Consolidation, we included the accounts of MWL in our consolidated financial statements from April 1, 2004 to March 27, 2013, as we were deemed to be the entity’s primary beneficiary. On March 28, 2013, the other member of MWL made a capital contribution to MWL which triggered a VIE reconsideration event, and it was determined that MWL is no longer required to be consolidated as of that date. Accordingly, we deconsolidated MWL and have accounted for our ownership interest in MWL under the equity method of accounting, effective as of March 28, 2013.
	Under the deconsolidation accounting guidelines, the investor’s opening investment is recorded at fair value as of the date of deconsolidation. The difference between this initial fair value of the investment and the net carrying value is recognized as a gain or loss in earnings. We completed a valuation analysis and have determined that the net carrying value of our equity interest in MWL as of March 28, 2013 of $2.6 million was equal to its fair value and, as such, no gain or loss was recognized upon deconsolidation of MWL. In determining the fair value, we utilized a combination of the income and market approaches, and equally weighed the business enterprise value of MWL provided by each approach. The income approach included the following inputs and assumptions: (a) an expectation regarding the growth of MWL’s revenue at a compounded average growth rate; (b) a perpetual long-term growth rate; and (c) a discount rate that was based on MWL’s estimated weighted average cost of capital. The market approach included a range of multiples of selected comparable companies applied to MWL’s financial metrics for the trailing twelve months in order to obtain an indication of MWL’s business enterprise value on a minority, marketable basis.
	Due to the significance of inputs used in determining the fair value of our equity interest in MWL that are unobservable, the investment is classified within Level 3 of the fair value hierarchy that prioritizes from Level 1 to Level 3 the inputs to fair value valuation techniques under the provisions of the accounting guidance for fair value measurements. Fair value measurements using Level 1 inputs provide the most reliable measure of fair value, while Level 3 inputs generally require significant management judgment.
	Following the deconsolidation, as an equity method investment, MWL is considered a related party. We received $1.7 million and $2.2 million of our revenue for loads transported by our tractors and arranged by MWL in the three-month periods ended March 31, 2014 and March 31, 2013, respectively. Prior to deconsolidation effective March 28, 2013, these inter-segment revenues were eliminated in consolidation. Inter-segment revenue eliminated in consolidation was $2.1 million for the three-month period ended March 31, 2013. As of March 31, 2014, we also had a trade receivable in the amount of $694,000 from MWL and an accrued liability of $2.2 million to MWL for the excess of payments by MWL’s customers into our lockbox account over the amounts drawn on the account by MWL.

Note_9_Fair_Value_of_Financial

Note 9 - Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	(9) Fair Value of Financial Instruments
	The carrying amounts of accounts receivable and accounts payable approximate fair value because of the short maturity of these instruments.

Note_10_Commitments_and_Contin

Note 10 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	(10) Commitments and Contingencies
	We are committed to purchase $42.0 million of new revenue equipment in the remainder of 2014; building construction and acquisition expenditures of $2.6 million in the remainder of 2014; and operating lease obligation expenditures totaling $937,000 through 2017.
	We self-insure, in part, for losses relating to workers’ compensation, auto liability, general liability, cargo and property damage claims, along with employees’ health insurance with varying risk retention levels. We maintain insurance coverage for per-incident and total losses in excess of these risk retention levels in amounts we consider adequate based upon historical experience and our ongoing review, and reserve currently for the estimated cost of the uninsured portion of pending claims.
	We are also involved in other legal actions that arise in the ordinary course of business. In the opinion of management, based upon present knowledge of the facts, it is remote that the ultimate outcome of any such legal actions will have a material adverse effect upon our long-term financial position or results of operations.

Note_11_Business_Segments

Note 11 - Business Segments	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	(11) Business Segments
	We have six current operating segments that have been aggregated into two reporting segments (Truckload and Logistics) for financial reporting purposes. The primary source of our operating revenue is truckload revenue, which we generate by transporting freight for our customers and report within our Truckload segment. Generally, we are paid by the mile for our services. We also derive truckload revenue from fuel surcharges, loading and unloading activities, equipment detention and other ancillary services.
	Our operating revenue also includes revenue reported within our Logistics segment, which consists of revenue from our internal brokerage and intermodal operations, and through our 45% interest in MWL, a third-party provider of logistics services to the transportation industry, until we deconsolidated MWL effective March 28, 2013. Brokerage services involve arranging for another company to transport freight for our customers while we retain the billing, collection and customer management responsibilities. Intermodal services involve the transport of our temperature-controlled trailers and dry containers on railroad flatcars for portions of trips, with the balance of the trips using our tractors or, to a lesser extent, contracted carriers.
	The following table sets forth for the periods indicated our operating revenue and operating income by segment. We do not prepare separate balance sheets by segment and, as a result, assets are not separately identifiable by segment.
			Three Months Ended March 31,
			2014		2013
	(In thousands)
	Operating revenue:
	Truckload revenue, net of fuel surcharge revenue		$	97,530	$	94,965
	Truckload fuel surcharge revenue			26,534		26,769
	Total Truckload revenue			124,064		121,734
	Logistics revenue, net of intermodal fuel surcharge revenue(1)			30,009		37,760
	Intermodal fuel surcharge revenue			5,336		4,980
	Total Logistics revenue			35,345		42,740
	Total operating revenue		$	159,409	$	164,474
	Operating income:
	Truckload		$	7,500	$	10,000
	Logistics			1,140		2,538
	Total operating income		$	8,640	$	12,538
	-1	Logistics revenue is net of $2.1 million of inter-segment revenue in the three-month period ended March 31, 2013 for loads transported by our tractors and arranged by MWL prior to the deconsolidation of MWL effective March 28, 2013. Such revenue has been eliminated in consolidation.
	Truckload segment depreciation expense was $14.8 million and $14.5 million, and Logistics segment depreciation expense was $1.6 million and $1.2 million, in the three-month periods ended March 31, 2014 and March 31, 2013, respectively.

Note_12_Use_of_Estimates

Note 12 - Use of Estimates	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	(12) Use of Estimates
	We must make estimates and assumptions to prepare the consolidated condensed financial statements in conformity with U.S. generally accepted accounting principles. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities in the consolidated condensed financial statements and the reported amount of revenue and expenses during the reporting period. These estimates are primarily related to insurance and claims accruals and depreciation. Ultimate results could differ from these estimates.

Note_2_Earnings_Per_Common_Sha1

Note 2 - Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three Months Ended March 31,
		2014		2013
	(In thousands, except per share amounts)
	Numerator:
	Net income	$	5,287	$	7,202
	Denominator:
	Basic earnings per common share - weighted-average shares		33,340		33,182
	Effect of dilutive stock options		291		140
	Diluted earnings per common share - weighted-average shares and assumed conversions		33,631		33,322
	Basic earnings per common share	$	0.16	$	0.22
	Diluted earnings per common share	$	0.16	$	0.22

Note_11_Business_Segments_Tabl

Note 11 - Business Segments (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		Three Months Ended March 31,
		2014		2013
	(In thousands)
	Operating revenue:
	Truckload revenue, net of fuel surcharge revenue	$	97,530	$	94,965
	Truckload fuel surcharge revenue		26,534		26,769
	Total Truckload revenue		124,064		121,734
	Logistics revenue, net of intermodal fuel surcharge revenue(1)		30,009		37,760
	Intermodal fuel surcharge revenue		5,336		4,980
	Total Logistics revenue		35,345		42,740
	Total operating revenue	$	159,409	$	164,474
	Operating income:
	Truckload	$	7,500	$	10,000
	Logistics		1,140		2,538
	Total operating income	$	8,640	$	12,538

Note_1_Basis_of_Presentation_D

Note 1 - Basis of Presentation (Details) (MWL [Member])	3 Months Ended
	Mar. 27, 2013
MWL [Member]	'
Note 1 - Basis of Presentation (Details) [Line Items]	'
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	45.00%

Note_2_Earnings_Per_Common_Sha2

Note 2 - Earnings Per Common Share (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Employee Stock Option [Member]	'	'
Note 2 - Earnings Per Common Share (Details) [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	108,500	594,075
Unvested Performance Unit Awards [Member]	'	'
Note 2 - Earnings Per Common Share (Details) [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	35,964	51,962

Note_2_Earnings_Per_Common_Sha3

Note 2 - Earnings Per Common Share (Details) - Basic and Diluted Earnings Per Common Share (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Numerator:	'	'	'
Net income (in Dollars)	$5,287	$7,202	$22,945
Denominator:	'	'	'
Basic earnings per common share - weighted-average shares	33,340	33,182	'
Effect of dilutive stock options	291	140	'
Diluted earnings per common share - weighted-average shares and assumed conversions	33,631	33,322	'
Basic earnings per common share (in Dollars per share)	$0.16	$0.22	'
Diluted earnings per common share (in Dollars per share)	$0.16	$0.22	'

Note_3_Stock_Split_Details

Note 3 - Stock Split (Details) (USD $)	0 Months Ended
	Jun. 14, 2013	Mar. 31, 2014	Dec. 31, 2013
Note 3 - Stock Split (Details) [Line Items]	'	'	'
Stockholders' Equity Note, Stock Split	'On June 14, 2013, we effected a three -for- two stock split of our common stock, $.01 par value, in the form of a 50% stock dividend.	'	'
Common Stock, Par or Stated Value Per Share (in Dollars per share)	'	$0.01	$0.01
Stockholders' Equity Note, StockSplit Stock Dividend Percentage	'	50.00%	'
Conversion Ratio Numerator [Member]	'	'	'
Note 3 - Stock Split (Details) [Line Items]	'	'	'
Stockholders' Equity Note, Stock Split, Conversion Ratio	3	'	'
Conversion Ratio Denominator [Member]	'	'	'
Note 3 - Stock Split (Details) [Line Items]	'	'	'
Stockholders' Equity Note, Stock Split, Conversion Ratio	2	'	'

Note_4_LongTerm_Debt_Details

Note 4 - Long-Term Debt (Details) (USD $)	Mar. 31, 2014	Sep. 30, 2013	Mar. 31, 2014	Mar. 31, 2014
		Credit Facility [Member]	Minimum [Member]	Maximum [Member]
Note 4 - Long-Term Debt (Details) [Line Items]	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	'	$50,000,000	$75,000,000
Line of Credit Facility, Amount Outstanding	0	'	'	'
Letters of Credit Outstanding, Amount	8,300,000	'	'	'
Line of Credit Facility, Remaining Borrowing Capacity	$41,700,000	'	'	'
Long-term Debt, Weighted Average Interest Rate	'	0.99%	'	'

Note_5_Related_Party_Transacti1

Note 5 - Related Party Transactions (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Purchase Of Fuel, Tires, and Related Services [Member]	'	'
Note 5 - Related Party Transactions (Details) [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	$138,000	$171,000
Tire Purchases [Member]	'	'
Note 5 - Related Party Transactions (Details) [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	$238,000	$307,000

Note_6_Dividends_Details

Note 6 - Dividends (Details) (USD $)	3 Months Ended		1 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Apr. 30, 2014	Mar. 31, 2014	Mar. 31, 2013
			Subsequent Event [Member]	Paid Quarterly [Member]	Paid Quarterly [Member]
			Paid Quarterly [Member]
Note 6 - Dividends (Details) [Line Items]	'	'	'	'	'
Common Stock, Dividends, Per Share, Declared	'	'	'	$0.03	'
Common Stock, Dividends, Per Share, Cash Paid	$0.03	$0.02	$0.03	'	$0.02

Note_7_Accounting_for_Sharebas1

Note 7 - Accounting for Share-based Payment Arrangement Compensation (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'
Stock or Unit Option Plan Expense	$211,000	$217,000

Note_8_Equity_Investment_Detai

Note 8 - Equity Investment (Details) (MWL [Member], USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 28, 2013
Note 8 - Equity Investment (Details) [Line Items]	'	'	'
Equity Method Investment, Ownership Percentage	45.00%	'	'
Equity Method Investments	'	'	$2,600,000
Revenue from Related Parties	1,700,000	2,200,000	'
Due from Affiliates	694,000	'	'
Due to Affiliate	2,200,000	'	'
Intersegment Eliminations [Member]	'	'	'
Note 8 - Equity Investment (Details) [Line Items]	'	'	'
Revenue, Net	'	$2,100,000	'
Percentage Owned By Non-Related Party [Member]	'	'	'
Note 8 - Equity Investment (Details) [Line Items]	'	'	'
Equity Method Investment, Ownership Percentage	55.00%	'	'

Note_10_Commitments_and_Contin1

Note 10 - Commitments and Contingencies (Details) (USD $)	Mar. 31, 2014
Note 10 - Commitments and Contingencies (Details) [Line Items]	'
Operating Leases, Future Minimum Payments Due	$937,000
Revenue Equipment Expenditure [Member]	'
Note 10 - Commitments and Contingencies (Details) [Line Items]	'
Contractual Obligation, Due in Next Twelve Months	42,000,000
Building Construction and Acquisition Expenditures [Member]	'
Note 10 - Commitments and Contingencies (Details) [Line Items]	'
Contractual Obligation, Due in Next Twelve Months	$2,600,000

Note_11_Business_Segments_Deta

Note 11 - Business Segments (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Note 11 - Business Segments (Details) [Line Items]	'	'
Number of Operating Segments	6	'
Number of Reportable Segments	2	'
Revenues	$159,409,000	$164,474,000
Logistics [Member] | Intersegment Eliminations [Member]	'	'
Note 11 - Business Segments (Details) [Line Items]	'	'
Revenues	'	2,100,000
Logistics [Member]	'	'
Note 11 - Business Segments (Details) [Line Items]	'	'
Depreciation, Depletion and Amortization	1,600,000	1,200,000
Truckload [Member]	'	'
Note 11 - Business Segments (Details) [Line Items]	'	'
Depreciation, Depletion and Amortization	$14,800,000	$14,500,000
MWL [Member]	'	'
Note 11 - Business Segments (Details) [Line Items]	'	'
Equity Method Investment, Ownership Percentage	45.00%	'

Note_11_Business_Segments_Deta1

Note 11 - Business Segments (Details) - Operating Revenue and Operating Income by Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Segment Reporting Information [Line Items]	'		'
Operating Revenue	$159,409		$164,474
Operating Income	8,640		12,538
Truckload Revenue, Net of Fuel Surcharge [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Operating Revenue	97,530		94,965
Truckload Fuel Surcharge Revenue [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Operating Revenue	26,534		26,769
Total Truckload Revenue [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Operating Revenue	124,064		121,734
Logistics Revenue, Net of Intermodal Fuel Surcharge [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Operating Revenue	30,009	[1]	37,760	[1]
Intermodal Fuel Surcharge Revenue [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Operating Revenue	5,336		4,980
Total Logistics Revenue [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Operating Revenue	35,345		42,740
Truckload [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Operating Income	7,500		10,000
Logistics [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Operating Income	$1,140		$2,538
[1]	Logistics revenue is net of $2.1 million of inter-segment revenue in the three-month period ended March 31, 2013 for loads transported by our tractors and arranged by MWL prior to the deconsolidation of MWL effective March 28, 2013. Such revenue has been eliminated in consolidation.