Celadon (CGIP) 10-K 10 Sep 15 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2015	Sep. 08, 2015	Dec. 31, 2014
Entity Registrant Name	CELADON GROUP INC
Entity Central Index Key	865,941
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		28,352,247
Entity Public Float			$ 490
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Operating Revenue:
Freight revenue	$ 769,950	$ 615,411	$ 489,035
Fuel surcharges	130,806	143,900	124,613
Total revenue	900,756	759,311	613,648
Operating expenses:
Salaries, wages, and employee benefits	261,216	209,938	165,485
Fuel	144,687	171,695	143,807
Purchased transportation	245,352	173,940	125,741
Revenue equipment rentals	7,429	6,621	6,973
Operations and maintenance	56,237	49,709	32,669
Insurance and claims	29,091	19,252	15,251
Depreciation and amortization	75,317	64,579	57,580
Communications and utilities	8,361	6,409	5,408
Operating taxes and licenses	16,443	13,275	10,451
General and other operating	14,457	11,195	8,424
Gain on disposition of equipment	(23,619)	(6,736)	(6,813)
Total operating expenses	834,971	719,877	564,976
Operating income	65,785	39,434	48,672
Other (income) expense:
Interest expense	7,776	5,071	$ 4,931
Interest income	(7)	(12)
Other (income) expense, net	154	(15,996)	$ (994)
Income before income taxes	57,862	50,371	44,735
Provision for income taxes	20,645	19,690	17,471
Net income	$ 37,217	$ 30,681	$ 27,264
Earnings per common share:
Diluted earnings per share (in dollars per share)	$ 1.52	$ 1.29	$ 1.17
Basic earnings per share (in dollars per share)	$ 1.56	$ 1.33	$ 1.20
Weighted average shares outstanding:
Diluted (in shares)	24,471	23,755	23,393
Basic (in shares)	23,844	23,014	22,641

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Net Income	$ 37,217	$ 30,681	$ 27,264
Other comprehensive income (loss):
Unrealized gain (loss) on fuel derivative instruments, net of tax		(45)	104
Unrealized gain (loss) on currency derivative instruments, net of tax	$ (36)	105	(78)
Foreign currency translation adjustments	(16,212)	(784)	(324)
Total other comprehensive loss	(16,248)	(724)	(298)
Comprehensive income	$ 20,969	$ 29,957	$ 26,966

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 24,699	$ 15,508
Trade receivables, net of allowance for doubtful accounts of $1,002 and $942 in 2015 and 2014, respectively	130,892	105,968
Prepaid expenses and other current assets	33,267	26,288
Tires in service	1,857	2,227
Equipment held for resale	102,447	3,148
Income tax receivable	17,926	6,395
Deferred income taxes	7,083	7,651
Total current assets	318,171	167,185
Property, plant, and equipment, gross	935,976	643,888
Less accumulated depreciation and amortization	147,446	151,059
Net property and equipment	788,530	492,829
Tires in service	2,173	2,720
Goodwill	55,357	22,810
Other assets	11,458	5,271
Total assets	1,175,689	690,815
Current liabilities:
Accounts payable	13,699	11,017
Accrued salaries and benefits	16,329	13,902
Accrued insurance and claims	14,808	11,568
Accrued fuel expense	10,979	11,306
Accrued purchase transportation	16,259	10,213
Deferred leasing revenue	31,872	6,581
Other accrued expenses	32,610	18,909
Current maturities of capital lease obligations	62,992	67,439
Current maturities of long-term debt	948	1,440
Total current liabilities	200,496	152,375
Capital lease obligations, net of current maturities	366,452	119,665
Long-term debt	133,199	75,436
Other long term liabilities	953	8,061
Deferred income taxes	108,246	76,275
Stockholders' equity:
Common stock, $0.033 par value, authorized 40,000 shares; issued and outstanding 28,342 and 24,060 shares at June 30, 2015 and 2014, respectively	935	794
Treasury stock at cost; 500 shares at June 30, 2015 and 2014, respectively	(3,453)	(3,453)
Additional paid-in capital	195,682	107,579
Retained earnings	195,412	160,068
Accumulated other comprehensive loss	(22,233)	(5,985)
Total stockholders' equity	366,343	259,003
Total liabilities and stockholders' equity	$ 1,175,689	$ 690,815

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Trade receivables, allowance for doubtful accounts	$ 1,002	$ 942
Common stock, par value (in dollars per share)	$ 0.033	$ 0.033
Common stock, shares authorized (in shares)	40,000	40,000
Common stock, shares issued (in shares)	28,342	24,060
Common stock, shares outstanding (in shares)	28,342	24,060
Treasury stock, shares (in shares)	500	500

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net income	$ 37,217	$ 30,681	$ 27,264
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	75,624	64,800	57,812
Gain on sale of equipment	$ (23,619)	(6,736)	$ (6,813)
Gain from sale of minority investment		(17,143)
Deferred income taxes	$ 32,391	5,210	$ 20,537
Provision for doubtful accounts	240	100	(1)
Stock based compensation expense	2,772	2,077	3,850
Changes in operating assets and liabilities:
Trade receivables	(6,198)	(17,125)	(2,129)
Income tax receivable and payable	(11,426)	7,905	(11,124)
Tires in service	860	(1,917)	2,016
Prepaid expenses and other current assets	(4,538)	(10,409)	(1,058)
Other assets	240	$ 886	$ (1,200)
Equipment held for resale	(85,331)
Accounts payable and accrued expenses	26,333	$ 11,988	$ (2,445)
Net cash provided by operating activities	44,565	70,317	86,709
Cash flows from investing activities:
Purchase of property and equipment	(118,422)	(82,826)	(169,511)
Proceeds on sale of property and equipment	$ 172,354	103,926	$ 105,444
Proceeds from sale of minority interest		21,000
Purchase of businesses, net of cash acquired	$ (114,682)	(36,602)	$ (39,484)
Net cash provided by (used in) investing activities	(60,750)	5,498	(103,551)
Cash flows from financing activities:
Proceeds from issuance of common stock	85,353	2,985	1,892
Borrowings on long-term debt	847,285	325,520	388,009
Payments on long-term debt	(789,847)	(358,466)	(333,539)
Dividends paid	(1,873)	(1,837)	(1,805)
Principal payments on capital lease obligations	(113,624)	(29,190)	(70,066)
Net cash provided by/ (used in) financing activities	27,294	(60,988)	(15,509)
Effect of exchange rates on cash and cash equivalents	(1,918)	(634)	20
Increase (decrease) in cash and cash equivalents	9,191	14,193	(32,331)
Cash and cash equivalents at beginning of year	15,508	1,315	33,646
Cash and cash equivalents at end of year	24,699	15,508	1,315
Supplemental disclosure of cash flow information:
Interest paid	7,776	4,802	4,927
Income taxes paid	5,627	$ 9,901	8,752
Obligations incurred under capital lease	$ 304,261		$ 55,789

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Jun. 30, 2012	22,829,310
Balance at Jun. 30, 2012	$ 791	$ 101,154	$ (7,966)	$ 105,765	$ (4,963)	$ 194,781
Net income				27,264		27,264
Other comprehensive income (loss)					(298)	(298)
Comprehensive income				27,264	(298)	26,966
Treasury stock issued		(1,792)	1,801			9
Restricted stock and options expense (in shares)	164,851
Restricted stock and options expense	$ (3)	3,849				3,846
Dividends paid				(1,805)		$ (1,805)
Exercise of stock options (in shares)	196,575					195,575
Exercise of stock options		538	1,354			$ 1,892
Balance (in shares) at Jun. 30, 2013	23,190,736
Balance at Jun. 30, 2013	$ 788	103,749	(4,811)	131,224	(5,261)	225,689
Net income				30,681		30,681
Other comprehensive income (loss)					(724)	(724)
Comprehensive income				30,681	(724)	29,957
Treasury stock issued		(634)	634
Restricted stock and options expense (in shares)	132,400
Restricted stock and options expense	$ 2	2,075				2,077
Dividends paid				(1,837)		$ (1,837)
Exercise of stock options (in shares)	236,742					235,192
Exercise of stock options	$ 4	2,389	724			$ 3,117
Balance (in shares) at Jun. 30, 2014	23,559,878					24,060,000
Balance at Jun. 30, 2014	$ 794	107,579	(3,453)	160,068	(5,985)	$ 259,003
Net income				37,217		37,217
Other comprehensive income (loss)					(16,248)	(16,248)
Comprehensive income				37,217	(16,248)	20,969
Restricted stock and options expense (in shares)	176,465
Restricted stock and options expense	$ 5	2,767				2,772
Dividends paid				(1,873)		$ (1,873)
Exercise of stock options (in shares)	605,954					609,309
Exercise of stock options	$ 20	6,576				$ 6,596
Balance (in shares) at Jun. 30, 2015	27,842,297					28,342,000
Balance at Jun. 30, 2015	$ 935	195,682	$ (3,453)	$ 195,412	$ (22,233)	$ 366,343
Issuance of common stock (in shares)	3,500,000
Issuance of common stock	$ 116	$ 78,760				$ 78,876

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	(1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Celadon Group, Inc. (the "Company"), through its subsidiaries, provides transportation services between the United States, Canada, and Mexico. The Company's primary transportation subsidiaries are: Celadon Trucking Services, Inc. ("CTSI"), a U.S. based company; Celadon Logistics Services, Inc. ("CLSI"), a U.S. based company; Servicio de Transportation Jaguar, S.A. de C.V. ("Jaguar"), a Mexican based company; and Celadon Canada, Inc. ("CelCan"), a Canadian based company. Summary of Significant Accounting Policies Principles of Consolidation and Presentation The consolidated financial statements include the accounts of the Company and its wholly and majority owned subsidiaries, all of which are wholly owned except for Jaguar in which the Company owns 75% of the shares. The entity was set up to allow the Company to operate in Mexico. The minority owner of Jaguar has been refunded all initial capital contributions and is not entitled to receive any future earnings or required to fund any losses of the subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation. Unless otherwise noted, all references to annual periods refer to the respective fiscal years ended June 30. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosures at the date of the financial statements and during the reporting period. Such estimates include provisions for liability claims and uncollectible accounts receivable. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less when purchased to be cash equivalents. Concentration of Credit Risk Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of trade receivables. The Company performs ongoing credit evaluations of its customers and does not require collateral for its accounts receivable. The Company maintains reserves which management believes are adequate to provide for potential credit losses. Uncollectible accounts receivable are written off against the reserves. Concentrations of credit risk with respect to trade receivables are generally limited due to the Company's large number of customers and the diverse range of industries which they represent. Accounts receivable balances due from any single customer did not total more than 5% of the Company's gross trade receivables at June 30, 2015. Property and Equipment Property and equipment are stated at cost. Property and equipment under capital leases are stated at fair value at the inception of the lease. Depreciation of property and equipment and amortization of assets under capital leases are computed using the straight-line method and are based on the lesser of the life of the lease or the estimated useful lives of the related assets (net of salvage value) as follows: Revenue and service equipment (years) 3 - 7 Furniture and office equipment 4 - 5 Buildings 20 Leasehold improvements Lesser of life of lease (including expected renewals) or useful life of improvement The cost of maintenance and repairs is charged to expense as incurred. Long-lived assets are depreciated over estimated useful lives based on historical experience and prevailing industry practice. Estimated useful lives are periodically reviewed to ensure they remain appropriate. Long-lived assets are tested for impairment whenever an event occurs that indicates an impairment may exist. Future cash flows and operating performance are used for analyzing potential impairment losses. If the sum of expected undiscounted cash flows is less than the carrying value an impairment loss is recognized. The Company measures the impairment loss by comparing the fair value of the asset to its carrying value. Fair value is determined based on a discounted cash flow analysis or appraised or estimated market values as appropriate. Long-lived assets that are held for sale are recorded at the lower of carrying value or the fair value less costs to sell. Equipment held for resale Equipment held for resale is recorded at the lower of carrying value and fair market value less costs to sell. The Company also ceases the depreciation on these assets. The majority of the assets included in equipment held for resale were acquired to be resold and those assets have been recorded at cost. Tires in Service Replacement tires on tractors and trailers are included in tires in service and are amortized over 18 to 36 months. Goodwill The consolidated balance sheets at June 30, 2015 and 2014 included goodwill of acquired businesses of approximately $55.4 million and $22.8 million respectively. Under ASC Topic 350-20 Intangibles – Goodwill and Other , Insurance Reserves The primary claims arising for us consist of cargo liability, personal injury, property damage, collision and comprehensive, workers' compensation, and employee medical expenses. We maintain self-insurance levels for these various areas of risk and have established reserves to cover these self-insured liabilities. We also maintain insurance to cover liabilities in excess of these self-insurance amounts. Claims reserves represent accruals for the estimated uninsured portion of reported claims, including adverse development of reported claims, as well as estimates of incurred but not reported claims. Reported claims and related loss reserves are estimated by third party administrators, and we refer to these estimates in establishing our reserves. Claims incurred but not reported are estimated based on our historical experience and industry trends, which are continually monitored, and accruals are adjusted when warranted by changes in facts and circumstances. In establishing our reserves we take into account and estimate various factors, including, but not limited to, assumptions concerning the nature and severity of the claim, the effect of the jurisdiction on any award or settlement, the length of time until ultimate resolution, inflation rates in health care, and in general interest rates, legal expenses, and other factors. Our actual experience may be different than our estimates, sometimes significantly. Changes in assumptions as well as changes in actual experience could cause these estimates to change. Insurance and claims expense will vary from period to period based on the severity and frequency of claims incurred in a given period. The administrative expenses associated with these reserves are expensed when incurred. Litigation Revenue Recognition Trucking revenue and related direct costs are recognized on the date freight is delivered to the customer and collectability is reasonably assured. Prior to commencement of shipment, the Company's subsidiaries will negotiate an agreed upon price for services to be rendered. Advertising Advertising costs are expensed as incurred by the Company. Advertising expense primarily consists of recruiting for new drivers. Advertising expenses for fiscal 2015, 2014, and 2013 were $5.2 million, $3.2 million, and $2.9 million, respectively, and are included in salaries, wages, and employee benefits and other operating expenses in the consolidated statements of operations. Income Taxes Deferred taxes are recognized for tax loss and credit carryforwards and the future tax effects of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting, based on enacted tax laws and rates. Federal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the United States. The Company follows ASC Topic 740-10-25 Income Taxes Accounting for Derivatives In previous years, the Company has had derivative financial instruments in place to reduce currency exposure for the Mexican peso and has at times had derivative financial instruments in place to reduce exposure to fuel price fluctuations and currency exposure for Canadian dollars. Derivative gains/(losses), initially reported as a component of other comprehensive income with an offset to accrued liabilities or other assets, are reclassified to earnings in the period when the forecasted transaction affects earnings. ASC Topic 815, Derivatives and Hedging, Earnings per Share ("EPS") The Company applies the provisions of ASC Topic 260, Earnings per Share Stock-based Employee Compensation Plans The Company applies the provisions of ASC Topic 718, Compensation – Stock Compensation requires companies to recognize the grant date fair value of stock options and other equity-based compensation issued to employees in its consolidated statement of operations. Foreign Currency Translation Foreign financial statements are translated into U.S. dollars in accordance with ASC Topic 830, Foreign Currency Matters Business Combinations . Recent Accounting Pronouncements In July 2013, the Financial Accounting Standards Board ("FASB") issued ASU No. 2013-11, " Taxes Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists In August 2015, the Financial Accounting Standards Board ("FASB") issued ASU No. 2015-14 deferring the effective date of ASU No. 2014-09, " Revenue from Contracts with Customers ” which

Note 2 - Property, Equipment, a

Note 2 - Property, Equipment, and Leases	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	(2) PROPERTY, EQUIPMENT, AND LEASES Property and equipment as of June 30, 2015 consists of the following (in thousands): 2015 2014 Revenue equipment owned $ 325,859 $ 318,533 Revenue equipment under capital leases 478,606 243,519 Furniture and office equipment 12,516 11,498 Land and buildings 112,533 64,987 Service equipment 2,345 1,245 Leasehold improvements 4,117 4,106 $ 935,976 $ 643,888 Included in accumulated depreciation was $54.8 million and $55.8 million in 2015 and 2014, respectively, related to revenue equipment under capital leases.

Note 3 - Lease Obligations and

Note 3 - Lease Obligations and Long-Term Debt	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	(3) LEASE OBLIGATIONS AND LONG-TERM DEBT Lease Obligations The Company leases certain revenue and service equipment under long-term lease agreements, payable in monthly installments. Equipment obtained under a capital lease is reflected on the Company's consolidated balance sheet and the related lease bears interest at rates ranging from 1.4% to 3.6% per annum, maturing at various dates through 2022. Assets held under operating leases are not recorded on the Company's consolidated balance sheet. The Company leases revenue and service equipment under non-cancellable operating leases expiring at various dates through December 2018. The Company leases warehouse and office space under non-cancellable operating leases expiring at various dates through July 2017. Certain real estate leases contain renewal options. Total rental expense under operating leases was as follows for 2015, 2014, and 2013 (in thousands): 2015 2014 2013 Revenue and service equipment $ 9,109 $ 6,351 $ 6,973 Office facilities and terminals 5,041 3,353 2,386 $ 14,150 $ 9,704 $ 9,359 Future minimum lease payments relating to capital leases and to operating leases with initial or remaining terms in excess of one year are as follows (in thousands): Year ended June 30, Capital Leases Operating Leases 2016 $ 71,901 $ 13,945 2017 73,832 2,153 2018 180,227 1,539 2019 60,519 6,261 2020 34,423 --- Thereafter 35,007 --- Total minimum lease payments $ 455,909 $ 23,898 Less amounts representing interest 26,465 Present value of minimum lease payments $ 429,444 Less current maturities 62,992 Non-current portion $ 366,452 The Company is obligated for lease residual value guarantees of $13.1 million, with $7.1 million due in fiscal 2016. The guarantees are included in the future minimum lease payments above. To the extent the expected value at lease termination date is lower than the residual value guarantee; we would accrue for the difference over the remaining lease term. As of June 30, 2015, the Company believes the expected value at lease termination date is greater than the residual value guarantee. Debt The Company had debt, excluding its line of credit, of $1.8 million at June 30, 2015, of which $0.9 million is classified as current, compared to $3.0 million at June 30, 2014, of which $1.4 million was classified as current. Debt includes revenue equipment installment notes of $1.8 million with an average interest rate of 4.4 percent at June 30, 2015 due in monthly installments with final maturities at various dates through June 2019. Line of Credit In December 2010, the Company entered into a five-year revolving credit facility agented by Bank of America, N.A. The facility refinanced our previous credit facility and provides for ongoing working capital needs and general corporate purposes. Bank of America, N.A. served as the lead agent in the facility and Wells Fargo Bank, N.A. also participated in the new facility. In December 2014, the Company increased its credit facility and extended the maturity. At June 30, 2015, the Company was authorized to borrow up to $300.0 million under this credit facility, which expires December 2019. The applicable interest rate under this agreement is based on either a base rate equal to Bank of America, N.A.'s prime rate or LIBOR plus an applicable margin between 0.825% and 1.45% that is adjusted quarterly based on our lease adjusted total debt to EBITDAR ratio. At June 30, 2015, the credit facility had an outstanding balance of $132.4 million and $1.7 million utilized for letters of credit compared to an outstanding balance of $73.9 million and $0.8 million utilized for letters of credit as of June 30, 2015. The facility is collateralized by the assets of all the U.S. and Canadian subsidiaries of the Company. The Company is obligated to comply with certain financial covenants under the credit agreement and the Company was in compliance with these covenants at June 30, 2015.

Note 4 - Employee Benefit Plans

Note 4 - Employee Benefit Plans	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	(4) EMPLOYEE BENEFIT PLANS 401(k) Profit Sharing Plan The Company has a 401(k) profit sharing plan, which permits U.S. employees of the Company to contribute up to 50% of their annual compensation, up to certain Internal Revenue Service limits, on a pretax basis. The contributions made by each employee are fully vested immediately and are not subject to forfeiture. The Company makes a discretionary matching contribution of up to 50% of the employee's contribution up to 5% of their annual compensation. Employees vest in the Company's contribution to the plan at the rate of 20% per year from the date of employment anniversary. Contributions made by the Company during fiscal 2015, 2014, and 2013 amounted to $358,000, $278,000, and $202,000, respectively.

Note 5 - Stock Plans

Note 5 - Stock Plans	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	(5) STOCK PLANS All share-based payments to employees, including grants of employee stock options, are recognized in the financial statements based upon a grant-date fair value of an award. In January 2006, stockholders approved the 2006 Omnibus Incentive Plan ("2006 Plan") that provides various vehicles to compensate the Company's key employees. The 2006 Plan utilizes such vehicles as stock options, restricted stock grants, and stock appreciation rights ("SARs"). The 2006 Plan authorized the Company to grant 1,687,500 shares. In November 2008, an additional 1,000,000 shares were authorized under an amendment to the 2006 Plan. In December 2013, a second amendment to the plan was approved by stockholders authorizing an additional 750,000 shares to be available for grant under the 2006 plan. The Company granted restricted stock grants covering 181,894 shares in fiscal 2015, 148,500 shares in fiscal 2014, and 189,413 shares in fiscal 2013. As of June 30, 2015, the Company is authorized to grant an additional 553,352 shares. The total compensation cost that has been recorded for such stock-based awards was an expense of $2.8 million in fiscal 2015, $2.1 million in fiscal 2014, and $3.9 million in fiscal 2013. The total income tax benefit recognized in the statement of operations for share-based compensation arrangements was $1.9 million in fiscal 2015, $1.1 million in fiscal 2014, and $1.9 million in fiscal 2013. The Company has granted a number of stock options under various plans. Options granted to employees have been granted with an exercise price equal to the market price on the grant date and expire on the tenth anniversary of the grant date. The majority of options granted to employees vest 25 percent per year, commencing with the first anniversary of the grant date. Under the 2006 Plan options have been granted with an exercise price equal to the market price on the grant date, vest over three years for non-employee directors and four years with respect to all other grants, commencing with the first anniversary of the grant date, and expire on the tenth anniversary of the grant date. A summary of the activity of the Company's stock option plans as of June 30, 2015, 2014, and 2013 and changes during the fiscal years then ended is presented below: Options Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at June 30, 2012 1,362,290 $ 10.63 5.1 $ 7,829,713 Granted --- --- Forfeited or expired (17,925 ) $ 13.77 Exercised (195,575 ) $ 9.57 Outstanding at June 30, 2013 1,148,790 $ 10.76 4.1 $ 8,606,841 Granted --- --- Forfeited or expired (8,500 ) $ 13.88 Exercised (235,192 ) $ 12.60 Outstanding at June 30, 2014 905,098 $ 10.25 3.5 $ 10,018,958 Granted --- --- Forfeited or expired --- --- Exercised (609,309 ) $ 10.63 Outstanding at June 30, 2015 295,789 $ 9.47 2.6 $ 3,316,030 Exercisable at June 30, 2015 295,789 $ 9.47 2.6 $ 3,316,030 The total intrinsic value of options exercised during fiscal 2015, 2014, and 2013 was $8.4 million, $1.9 million, and $2.0 million, respectively. As of June 30, 2015, we have no unrecognized compensation expense related to stock options. Restricted Shares Number of Shares Weighted-Average Grant Date Fair Value Unvested at June 30, 2012 453,425 $ 12.36 Granted 189,413 $ 18.58 Forfeited (24,437 ) $ 11.33 Vested (262,438 ) $ 12.64 Unvested at June 30, 2013 355,963 $ 15.75 Granted 148,500 $ 22.13 Forfeited (16,975 ) $ 13.49 Vested (130,783 ) $ 14.75 Unvested at June 30, 2014 356,705 $ 18.88 Granted 181,894 $ 22.75 Forfeited (8,784 ) $ 18.85 Vested (133,449 ) $ 17.53 Unvested at June 30, 2015 396,366 $ 21.13 Restricted shares granted to employees have been granted subject to achievement of certain time-based targets and vest evenly over a four or five-year period, commencing with the first anniversary of the grant date. As of June 30, 2015, we had $7.0 million of total unrecognized compensation expense related to restricted shares that is expected to be recognized over the remaining weighted average period of approximately 2.7 years.

Note 6 - Stock Repurchase Progr

Note 6 - Stock Repurchase Programs	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Treasury Stock [Text Block]	(6) STOCK REPURCHASE PROGRAMS On August 25, 2010, the Company's Board of Directors authorized a stock repurchase program pursuant to which the Company is authorized to repurchase up to 2,000,000 shares of our common stock. The Company has not repurchased any shares of the Company's common stock under this program.

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	(7) EARNINGS PER SHARE The following is a reconciliation of the numerators and denominators used in computing earnings per share (in thousands except per share amounts): 2015 2014 2013 Net income $ 37,217 $ 30,681 $ 27,264 Basic earnings per share: Weighted - average number of common shares outstanding 23,844 23,014 22,641 Basic earnings per share $ 1.56 $ 1.33 $ 1.20 Diluted earnings per share: Weighted - average number of common shares outstanding 23,844 23,014 22,641 Effect of stock options and other incremental shares 627 741 752 Weighted-average number of common shares outstanding – diluted 24,471 23,755 23,393 Diluted earnings per share $ 1.52 $ 1.29 $ 1.17 The Company has grants that remain outstanding covering zero options in fiscal 2015 and 2014, and 39,150 options in fiscal 2013 that could potentially dilute basic earnings per share that were excluded from the EPS calculation as they were anti-dilutive in the respective years.

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingencies	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(8) COMMITMENTS AND CONTINGENCIES The Company is party to certain lawsuits in the ordinary course of business. The Company is not currently party to any proceedings which we believe will have a material adverse effect on our consolidated financial position or operations. Its subsidiary has been named as the defendant in Wilmoth et al. v. Celadon Trucking Services, Inc., a class action proceeding. A summary judgment was recently granted in favor of the plaintiffs. The Company has appealed this judgment. The Company believes that it will be successful on appeal, but that it is also reasonably possible the judgment will be upheld. The Company estimates the possible range of financial exposure associated with this claim to be between $0 and approximately $5 million. The Company currently does not have a contingency reserved for this claim, but will continue to monitor the progress of this claim to determine if a reserve is necessary in the future. The Company has been named as the defendant in Day et al. v. Celadon Trucking Services, Inc., a class action proceeding. A judgment was recently granted in favor of the plaintiffs. The Company has appealed this judgment. The Company believes that it will be successful on appeal, but that it is also reasonably possible the judgment will be upheld. The Company estimates the possible range of financial exposure associated with this claim to be between $0 and approximately $2 million. The Company currently does not have a contingency reserved for this claim, but will continue to monitor the progress of this claim to determine if a reserve is necessary in the future. The Company had outstanding commitments to purchase approximately $60.7 million of revenue equipment at June 30, 2015. Standby letters of credit, not reflected in the accompanying consolidated financial statements, aggregated to approximately $1.7 million at June 30, 2015. In addition, at June 30, 2015, 500,000 treasury shares were held in a trust as collateral for self-insurance reserves.

Note 9 - Income Taxes

Note 9 - Income Taxes	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(9) INCOME TAXES The income tax provision for operations in fiscal 2015, 2014, and 2013, consisted of the following (in thousands): 2015 2014 2013 Current: Federal $ (7,476 ) $ 12,958 $ (3,127 ) State and local (2,634 ) 1,013 (2,110 ) Foreign (1,636 ) 509 2,180 Total current $ (11,746 ) $ 14,480 $ (3,057 ) Deferred: Federal 21,869 3,703 16,122 State and local 3,807 576 3,145 Foreign 6,715 931 1,261 Total deferred 32,391 5,210 20,528 Total $ 20,645 $ 19,690 $ 17,471 No benefit or expense has been recognized for U.S. federal income taxes on current undistributed earnings of foreign subsidiaries of approximately $10.9 million, $3.8 million, and $4.3 million at June 30, 2015, 2014, and 2013, respectively. This exception is allowable under ASC 740-30-50-2. The Company's income tax expense varies from the statutory federal tax rate of 35% applied to income before income taxes as follows (in thousands): 2015 2014 2013 Computed "expected" income tax expense $ 20,255 $ 17,630 $ 15,484 State taxes, net of federal benefit 763 1,033 676 Non-deductible expenses 818 1,705 383 Foreign tax rate differential (479 ) (383 ) 364 Other, net (712 ) (295 ) 564 Actual income tax expense $ 20,645 $ 19,690 $ 17,471 The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at June 30, 2015 and 2014 consisted of the following (in thousands): 2015 2014 Deferred tax assets: Deferred equity compensation $ 862 $ 1,755 Insurance reserves 4,328 4,167 Other 5,195 4,998 Total deferred tax assets $ 10,385 $ 10,920 Deferred tax liabilities: Property and equipment $ (104,186 ) $ (72,235 ) Goodwill (4,442 ) (5,742 ) Other (2,920 ) (1,567 ) Total deferred tax liabilities $ (111,548 ) $ (79,544 ) Net current deferred tax assets $ 7,083 $ 7,651 Net non-current deferred tax liabilities (108,246 ) (76,275 ) Total net deferred tax liabilities $ (101,163 ) $ (68,624 ) As of June 30, 2015, the Company had operating loss carryforwards for income tax purposes of $12.5 million, which have expiration dates in 2031 and after. The Company follows ASC Topic 740-10-25 Income Taxes 740-10-25 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As of June 30, 2015 and June 30, 2014, the Company recorded a $0.5 million liability in each year for unrecognized tax benefits, a portion of which represents penalties and interest. The only periods subject to examination for our federal returns are the 2011, 2012, and 2013 tax years .

Note 10 - Segment Information a

Note 10 - Segment Information and Significant Customers	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	(1 0) SEGMENT INFORMATION AND SIGNIFICANT CUSTOMERS We have two reportable segments comprised of our two operating segments, an asset based segment and an asset light segment. Our asset based segment includes our asset based dry van carrier and rail services, which are geographically diversified but have similar economic and other relevant characteristics, as they all provide truckload carrier services of general commodities to a similar class of customers. Our asset light segment consists of our warehousing, brokerage, and less-than-load ("LTL") operations, which we have determined qualifies as a reportable segment under ASC 280-10 Segment Reporting. Fiscal Year Ended June 30, (Dollars in thousands) 2015 2014 2013 Total revenues Asset based $ 810,208 $ 706,726 $ 569,688 Asset light 90,548 52,585 43,960 900,756 759,311 613,648 Operating income Asset based 54,824 34,179 45,190 Asset light 10,961 5,255 3,482 65,785 39,434 48,672 Depreciation and amortization Asset based 75,317 64,579 57,580 Asset light --- --- --- 75,317 64,579 57,580 Interest income Asset based --- --- --- Interest expense Asset based 7,776 5,071 4,931 Income before taxes Asset based 51,474 29,121 40,259 Asset light 6,388 21,250 4,476 57,862 50,371 44,735 Goodwill Asset based 53,989 21,442 16,362 Asset light 1,368 1,368 1,368 55,357 22,810 17,730 Total assets Asset based 1,167,633 684,548 635,968 Asset light 8,056 6,267 5,194 1,175,689 690,815 641,162 Information as to the Company's operations by geographic area is summarized below (in thousands). The Company allocates total revenue based on the country of origin of the tractor hauling the freight. 2015 2014 2013 Total revenue: United States $ 753,208 $ 609,512 $ 534,463 Canada 102,106 115,678 48,667 Mexico 45,442 34,121 30,518 Total $ 900,756 $ 759,311 $ 613,648 Long-lived assets: United States $ 756,393 $ 439,043 $ 479,852 Canada 76,025 65,719 30,094 Mexico 25,100 18,868 13,828 Total $ 857,518 $ 523,630 $ 523,774 No customer accounted for more than 10% of the Company's total revenue during its three most recent fiscal years.

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurements	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Fair Value Disclosures [Text Block]	(11) FAIR VALUE MEASUREMENTS ASC 820-10 Fair Value Measurement Level 1 – Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 – Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). Level 3 – Unobservable inputs, only used to the extent that observable inputs are not available, reflect the Company's assumptions about the pricing of an asset or liability (in thousands). Total Level 1 Level 2 Level 3 Balance at June 30, 2015 Balance at June 30, 2014 Balance at June 30, 2015 Balance at June 30, 2014 Balance at June 30, 2015 Balance at June 30, 2014 Balance at June 30, 2015 Balance at June 30, 2014 Foreign currency derivatives --- $ 35 --- --- --- $ 35 --- --- Fuel derivatives --- --- --- --- --- --- --- --- The Company pays a fixed contract rate for foreign currency. The fair value of foreign currency forward contracts is based on the valuation model that discounts cash flows resulting from the differential between the contract price and the market-based forward rate.

Note 12 - Fuel Derivative

Note 12 - Fuel Derivative	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	(12) FUEL DERIVATIVES In our day to day business activities we are exposed to certain market risks, including the effects of changes in fuel prices. We review new ways to reduce the potentially adverse effects that the volatility of fuel markets may have on operating results. In an effort to reduce the variability of the ultimate cash flows associated with fluctuations in diesel fuel prices, we may enter into futures contracts. These instruments will be heating oil futures contracts as the related index, New York Mercantile Exchange ("NYMEX"), generally exhibits high correlation with the changes in the dollars of the forecasted purchase of diesel fuel. We do not engage in speculative transactions, nor do we hold or issue financial instruments for trading purposes. As of June 30, 2015, we had no future contracts pertaining to heating oil outstanding. Previously under such contracts, we would pay a fixed rate per gallon of heating oil and receive the monthly average price of New York heating oil per the NYMEX. We previously had done retrospective and prospective regression analyses that showed the changes in the prices of diesel fuel and heating oil were deemed to be highly correlated based on the relevant authoritative guidance. Accordingly, we had designated the respective hedges as cash flow hedges. We performed both a prospective and retrospective assessment of the effectiveness of our hedge contracts at inception and quarterly. If our analysis had shown that the derivatives were not highly effective as hedges, we would have discontinued hedge accounting for the period and prospectively recognized changes in the fair value of the derivatives through earnings. We recognized all derivative instruments at fair value on our consolidated condensed balance sheets in other assets or other accrued expenses. Our derivative instruments were designated as cash flow hedges, thus the effective portion of the gain or loss on the derivative was reported as a component of accumulated other comprehensive income and was reclassified into earnings in the same period during which the hedged transactions affected earnings.

Note 13 - Selected Quarterly Da

Note 13 - Selected Quarterly Data (Unaudited)	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Quarterly Financial Information [Text Block]	(13) SELECTED QUARTERLY DATA (Unaudited) Summarized quarterly data for fiscal 2015 and 2014 follows (in thousands except per share amounts): Fiscal Year 2015 1 st Qtr. 2 nd Qtr. 3 rd Qtr. 4 th Qtr. Total revenues $ 193,416 $ 222,371 $ 231,702 $ 253,267 Operating expenses 179,948 206,802 216,374 231,846 Operating income 13,468 15,569 15,328 21,421 Other expense, net 1,092 1,969 2,066 2,797 Income before taxes 12,376 13,600 13,262 18,624 Income tax expense 4,329 5,057 4,670 6,589 Net income $ 8,047 $ 8,543 $ 8,592 $ 12,035 Basic income per share $ 0.35 $ 0.37 $ 0.37 $ 0.48 Diluted income per share $ 0.34 $ 0.36 $ 0.36 $ 0.47 Fiscal Year 2014 1 st Qtr. 2 nd Qtr. 3 rd Qtr. 4 th Qtr. Total revenues $ 175,102 $ 193,595 $ 193,228 $ 197,386 Operating expenses 163,570 184,652 186,446 185,208 Operating income 11,532 8,943 6,782 12,178 Other expense (income), net 983 1,100 1,053 (14,072 ) Income before taxes 10,549 7,843 5,729 26,250 Income tax expense 3,983 2,717 2,247 10,743 Net income $ 6,566 $ 5,126 $ 3,482 $ 15,507 Basic income per share $ 0.29 $ 0.22 $ 0.15 $ 0.67 Diluted income per share $ 0.28 $ 0.22 $ 0.15 $ 0.65

Note 14 - Acquisitions

Note 14 - Acquisitions	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	(14) ACQUISITIONS Material acquisitions for the year ended June 30, 2015 On October 24, 2014, we acquired the outstanding membership interests of A&S Services Group, LLC ("A&S") in New Freedom, PA for $55.0 million. We acquired trade receivables and other current assets of $19.3 million, property and equipment of $79.2 million, identifiable intangible assets of $4.5 million, and goodwill of $10.2 million and assumed $52.2 million in debt including capital leases and $6.0 million of various other liabilities. The property and equipment includes tractors, trailers, buildings, and land that we intend to operate for the foreseeable future. We used borrowings under our existing credit facility to fund the purchase price. The purposes of the acquisition were to offer employment opportunities to A&S drivers and continue dry-van, warehouse, and brokerage services for the A&S customers. Results of the acquired business have been included in our consolidated financial statements since the date of acquisition. The amount of revenue and earnings generated by A&S is impracticable to discern due to the way we integrated the acquired company since acquisition. The following unaudited pro forma consolidated results of operations for the fiscal years ended June 30, 2015, 2014, and 2013 assume that the acquisition of A&S occurred as of July 1, 2012 (in thousands). (Unaudited) Years ended June 30, 2015 Jun 30, 2014 June 30, 2013 Total revenue $ 944,511 $ 868,537 $ 695,986 Net income $ 37,650 $ 32,706 $ 29,451 The supplemental unaudited pro forma financial information above is presented for information purposes only. It is not necessarily indicative of what the Company's financial position or results of operations actually would have been had the Company completed the acquisitions at the dates indicated, nor is it intended to project the future financial position or operating results of the combined company. Immaterial acquisitions for the year ended June 30, 2015 On September 3, 2014, we acquired certain assets of Furniture Row Express, LLC ("FRE") in Denver, CO for $10.0 million. We used borrowings under our existing credit facility to fund the purchase price. The purposes of the acquisition were to offer employment opportunities to FRE drivers and continue dry-van and temperature-controlled services for the FRE customers. On December 12, 2014, we acquired the stock of Bee Line, Inc. ("Bee Line") in Ottoville, OH for $4.5 million. We used borrowings under our existing credit facility to fund the purchase price. The purposes of the acquisition were to offer employment opportunities to Bee Line drivers and continue dry-van services for the Bee Line customers. On January 20, 2015, we acquired the stock of Taylor Express, Inc. ("Taylor") in Hope Mills, NC for $50.6 million. The purposes of the acquisition were to offer employment opportunities to Taylor drivers and continue dry-van and dry bulk services for the Taylor customers. The recorded amounts of assets acquired in this transaction are subject to change upon the finalization of our determination of acquisition date fair values. The three acquisitions above were determined to be immaterial individually and in the aggregate. The assets and liabilities acquired were recorded at fair value at the time of acquisition. The goodwill recorded for each acquisition relates to anticipated future cash flows and operating efficiencies. Acquisitions for the year ended June 30, 2014 On August 26, 2013, we acquired certain assets and assumed certain liabilities of Houg, LLC ("Houg") in Denver, CO. We used borrowings under our existing line of credit to fund the purchase price. The purposes of the acquisition were to offer employment opportunities to Houg drivers and continue dry-van and temperature-controlled services for the Houg customers. On August 26, 2013, we acquired certain assets and assumed certain liabilities of Land Span Motor Equipment, Inc. ("Land Span") in Lakeland, FL for $5.4 million. We used borrowings under our existing line of credit to fund the purchase price. The purposes of the acquisition were to offer employment opportunities to Land Span drivers and continue dry-van services for the Land Span customers. On September 13, 2013, we acquired the stock of TCI Logistics, Inc. ("TCI") in Kernersville, NC for $2.9 million. We used borrowings under our existing line of credit to fund the purchase price. The purposes of the acquisition were to continue employment of TCI drivers and continue dry-van services for the TCI customers. On September 16, 2013, we acquired certain assets and assumed certain liabilities of Hoss Cartage & Distribution Systems, Inc. ("Hoss") in Ayr, Ontario, Canada for $1.2 million. We used borrowings under our existing line of credit to fund the purchase price. The purposes of the acquisition were to offer employment opportunities to Hoss drivers and continue dry-van services for the Hoss customers. Additionally, on November 13, 2013, we purchased land and a building from Hoss for $1.8 million. On November 1, 2013, we acquired the stock of Osborn Transportation, Inc. ("Osborn") in Gadsden, AL for $21.0 million, including $5.5 million to be paid out in future payments. We used borrowings under our existing line of credit to fund the purchase price. The purposes of the acquisition were to continue employment of Osborn drivers and continue dry-van services for the Osborn customers. On November 15, 2013, we acquired certain assets and assumed certain liability of N. Yanke Transfer Ltd. ("Yanke") in Saskatchewan, Canada for $17.9 million. We used borrowings under our existing line of credit to fund the purchase price. The purposes of the acquisition were to continue employment of Yanke drivers and continue dry-van services for the Yanke customers. On June 24, 2014, we acquired certain assets and assumed certain liabilities of Evans Group, Inc. ("Evans") in Butler, IN. We used borrowings under our existing line of credit to fund the purchase price. The purposes of the acquisition were to offer employment opportunities to Evans drivers and continue dry-van and flatbed services for the Evans customers. The above acquisitions were determined to be immaterial individually and in the aggregate.

Note 15 - Goodwill and Other In

Note 15 - Goodwill and Other Intangible Assets	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	(15) GOODWILL AND OTHER INTANGIBLE ASSETS The acquired intangible assets relate to customer relations and trade names acquired through acquisitions in fiscal 2015 and 2014. All acquired intangible assets relate to our asset based business. The intangible assets acquired will be amortized on a straight-line basis through 2041 (dollar amounts below in thousands). Intangibles June 30, 2014 Current year Additions June 30, 2015 Gross carrying amount $ 650 $ 7,446 $ 8,096 Amortization 237 811 1,048 Net carrying amount $ 413 $ 8,257 $ 7,048 The additions to goodwill relate to the A&S, Bee Line, and Taylor acquisitions of $10.2 million, $2.0 million, and $20.4 million respectively. The A&S and Taylor related goodwill is tax deductible (dollar amounts below in thousands). Goodwill June 30, 2014 Current year additions June 30, 2015 Asset based $ 21,442 $ 32,547 $ 53,989 Asset light 1,368 --- 1,368 Total Goodwill $ 22,810 $ 32,547 $ 55,357

Note 16 - Gain on Disposition o

Note 16 - Gain on Disposition of Equipment	12 Months Ended
	Jun. 30, 2015
Element [Member]
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	(16) GAIN ON DISPOSITION OF EQUIPMENT We routinely sell equipment to Element Financial Corp. ("Element") under our agreement with Element for use by independent contractors. Total net sales proceeds of units purchased with the intent to sell during the fiscal year ended June 30, 2015 were $329.0 million. In accordance with ASC 605-45, we recorded these transactions on a net basis as an agent versus grossing up the sales in revenue and costs of goods sold as a principal. The net gain as a result of these transactions in the fiscal year ended June 30, 2015 was $21.5 million. We had sales of previously operated Celadon units to Element of $65.3 million for the fiscal year ended June 30, 2015 compared to $76.5M for the fiscal year ended June 30, 2014. All sales to Element for the fiscal year ended June 30, 2014 consisted entirely of previously operated Celadon units.
Property, Plant and Equipment Disclosure [Text Block]	(2) PROPERTY, EQUIPMENT, AND LEASES Property and equipment as of June 30, 2015 consists of the following (in thousands): 2015 2014 Revenue equipment owned $ 325,859 $ 318,533 Revenue equipment under capital leases 478,606 243,519 Furniture and office equipment 12,516 11,498 Land and buildings 112,533 64,987 Service equipment 2,345 1,245 Leasehold improvements 4,117 4,106 $ 935,976 $ 643,888 Included in accumulated depreciation was $54.8 million and $55.8 million in 2015 and 2014, respectively, related to revenue equipment under capital leases.

Note 17 - Reclassification and

Note 17 - Reclassification and Adjustments	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Reclassifications [Text Block]	(17) RECLASSIFICATION AND ADJUSTMENTS Certain items in the fiscal 2014 and fiscal 2013 consolidated financial statements have been reclassified to conform to the current presentation. The reclassifications had no impact on earnings.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	SCHEDULE II CELADON GROUP, INC. VALUATION AND QUALIFYING ACCOUNTS Years ended June 30, 2015, 2014, and 2013 Description Balance at Beginning of Period Charged to Costs and Expenses Deductions Balance at End of Period Year ended June 30, 2013: Allowance for doubtful accounts $ 1,006,689 $ 0 $ 87,880 (a) $ 918,809 Reserves for claims payable as self-insurer $ 11,343,069 $ 14,669,698 $ 14,783,848 (b) $ 11,228,919 Year ended June 30, 2014: Allowance for doubtful accounts $ 918,809 $ 100,000 $ 76,689 (a) $ 942,120 Reserves for claims payable as self-insurer $ 11,228,919 $ 14,892,657 $ 13,126,649 (b) $ 12,994,927 Year ended June 30, 2015: Allowance for doubtful accounts $ 942,120 $ 240,116 $ 180,151 (a) $ 1,002,085 Reserves for claims payable as self-insurer $ 12,994,927 $ 22,371,877 $ 19,750,176 (b) $ 15,616,628 (a) Represents accounts receivable net write-offs. (b) Represents claims paid.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation and Presentation The consolidated financial statements include the accounts of the Company and its wholly and majority owned subsidiaries, all of which are wholly owned except for Jaguar in which the Company owns 75% of the shares. The entity was set up to allow the Company to operate in Mexico. The minority owner of Jaguar has been refunded all initial capital contributions and is not entitled to receive any future earnings or required to fund any losses of the subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation. Unless otherwise noted, all references to annual periods refer to the respective fiscal years ended June 30.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosures at the date of the financial statements and during the reporting period. Such estimates include provisions for liability claims and uncollectible accounts receivable. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less when purchased to be cash equivalents.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of trade receivables. The Company performs ongoing credit evaluations of its customers and does not require collateral for its accounts receivable. The Company maintains reserves which management believes are adequate to provide for potential credit losses. Uncollectible accounts receivable are written off against the reserves. Concentrations of credit risk with respect to trade receivables are generally limited due to the Company's large number of customers and the diverse range of industries which they represent. Accounts receivable balances due from any single customer did not total more than 5% of the Company's gross trade receivables at June 30, 2015.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost. Property and equipment under capital leases are stated at fair value at the inception of the lease. Depreciation of property and equipment and amortization of assets under capital leases are computed using the straight-line method and are based on the lesser of the life of the lease or the estimated useful lives of the related assets (net of salvage value) as follows: Revenue and service equipment (years) 3 - 7 Furniture and office equipment 4 - 5 Buildings 20 Leasehold improvements Lesser of life of lease (including expected renewals) or useful life of improvement The cost of maintenance and repairs is charged to expense as incurred. Long-lived assets are depreciated over estimated useful lives based on historical experience and prevailing industry practice. Estimated useful lives are periodically reviewed to ensure they remain appropriate. Long-lived assets are tested for impairment whenever an event occurs that indicates an impairment may exist. Future cash flows and operating performance are used for analyzing potential impairment losses. If the sum of expected undiscounted cash flows is less than the carrying value an impairment loss is recognized. The Company measures the impairment loss by comparing the fair value of the asset to its carrying value. Fair value is determined based on a discounted cash flow analysis or appraised or estimated market values as appropriate. Long-lived assets that are held for sale are recorded at the lower of carrying value or the fair value less costs to sell.
Equipment Held for Resale [Policy Text Block]	Equipment held for resale Equipment held for resale is recorded at the lower of carrying value and fair market value less costs to sell. The Company also ceases the depreciation on these assets.
Inventory, Policy [Policy Text Block]	Tires in Service Replacement tires on tractors and trailers are included in tires in service and are amortized over 18 to 36 months.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill The consolidated balance sheets at June 30, 2015 and 2014 included goodwill of acquired businesses of approximately $55.4 million and $22.8 million respectively. Under ASC Topic 350-20 Intangibles – Goodwill and Other ,
Self Insurance Reserve [Policy Text Block]	Insurance Reserves The primary claims arising for us consist of cargo liability, personal injury, property damage, collision and comprehensive, workers' compensation, and employee medical expenses. We maintain self-insurance levels for these various areas of risk and have established reserves to cover these self-insured liabilities. We also maintain insurance to cover liabilities in excess of these self-insurance amounts. Claims reserves represent accruals for the estimated uninsured portion of reported claims, including adverse development of reported claims, as well as estimates of incurred but not reported claims. Reported claims and related loss reserves are estimated by third party administrators, and we refer to these estimates in establishing our reserves. Claims incurred but not reported are estimated based on our historical experience and industry trends, which are continually monitored, and accruals are adjusted when warranted by changes in facts and circumstances. In establishing our reserves we take into account and estimate various factors, including, but not limited to, assumptions concerning the nature and severity of the claim, the effect of the jurisdiction on any award or settlement, the length of time until ultimate resolution, inflation rates in health care, and in general interest rates, legal expenses, and other factors. Our actual experience may be different than our estimates, sometimes significantly. Changes in assumptions as well as changes in actual experience could cause these estimates to change. Insurance and claims expense will vary from period to period based on the severity and frequency of claims incurred in a given period. The administrative expenses associated with these reserves are expensed when incurred.
Commitments and Contingencies, Policy [Policy Text Block]	Litigation
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Trucking revenue and related direct costs are recognized on the date freight is delivered to the customer and collectability is reasonably assured. Prior to commencement of shipment, the Company's subsidiaries will negotiate an agreed upon price for services to be rendered.
Advertising Costs, Policy [Policy Text Block]	Advertising Advertising costs are expensed as incurred by the Company. Advertising expense primarily consists of recruiting for new drivers. Advertising expenses for fiscal 2015, 2014, and 2013 were $5.2 million, $3.2 million, and $2.9 million, respectively, and are included in salaries, wages, and employee benefits and other operating expenses in the consolidated statements of operations.
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred taxes are recognized for tax loss and credit carryforwards and the future tax effects of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting, based on enacted tax laws and rates. Federal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the United States. The Company follows ASC Topic 740-10-25 Income Taxes
Derivatives, Policy [Policy Text Block]	Accounting for Derivatives In previous years, the Company has had derivative financial instruments in place to reduce currency exposure for the Mexican peso and has at times had derivative financial instruments in place to reduce exposure to fuel price fluctuations and currency exposure for Canadian dollars. Derivative gains/(losses), initially reported as a component of other comprehensive income with an offset to accrued liabilities or other assets, are reclassified to earnings in the period when the forecasted transaction affects earnings. ASC Topic 815, Derivatives and Hedging,
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share ("EPS") The Company applies the provisions of ASC Topic 260, Earnings per Share
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-based Employee Compensation Plans The Company applies the provisions of ASC Topic 718, Compensation – Stock Compensation requires companies to recognize the grant date fair value of stock options and other equity-based compensation issued to employees in its consolidated statement of operations.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation Foreign financial statements are translated into U.S. dollars in accordance with ASC Topic 830, Foreign Currency Matters
Business Combinations Policy [Policy Text Block]	Business Combinations .
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In July 2013, the Financial Accounting Standards Board ("FASB") issued ASU No. 2013-11, " Taxes Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists In August 2015, the Financial Accounting Standards Board ("FASB") issued ASU No. 2015-14 deferring the effective date of ASU No. 2014-09, " Revenue from Contracts with Customers ” which

Note 1 - Organization and Sum27

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Estimated Useful Lives [Table Text Block]	Revenue and service equipment (years) 3 - 7 Furniture and office equipment 4 - 5 Buildings 20 Leasehold improvements Lesser of life of lease (including expected renewals) or useful life of improvement

Note 2 - Property, Equipment,28

Note 2 - Property, Equipment, and Leases (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Property and Equipment [Table Text Block]	2015 2014 Revenue equipment owned $ 325,859 $ 318,533 Revenue equipment under capital leases 478,606 243,519 Furniture and office equipment 12,516 11,498 Land and buildings 112,533 64,987 Service equipment 2,345 1,245 Leasehold improvements 4,117 4,106 $ 935,976 $ 643,888

Note 3 - Lease Obligations an29

Note 3 - Lease Obligations and Long-Term Debt (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Rent Expense [Table Text Block]	2015 2014 2013 Revenue and service equipment $ 9,109 $ 6,351 $ 6,973 Office facilities and terminals 5,041 3,353 2,386 $ 14,150 $ 9,704 $ 9,359
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Year ended June 30, Capital Leases Operating Leases 2016 $ 71,901 $ 13,945 2017 73,832 2,153 2018 180,227 1,539 2019 60,519 6,261 2020 34,423 --- Thereafter 35,007 --- Total minimum lease payments $ 455,909 $ 23,898 Less amounts representing interest 26,465 Present value of minimum lease payments $ 429,444 Less current maturities 62,992 Non-current portion $ 366,452

Note 5 - Stock Plans (Tables)

Note 5 - Stock Plans (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Options Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at June 30, 2012 1,362,290 $ 10.63 5.1 $ 7,829,713 Granted --- --- Forfeited or expired (17,925 ) $ 13.77 Exercised (195,575 ) $ 9.57 Outstanding at June 30, 2013 1,148,790 $ 10.76 4.1 $ 8,606,841 Granted --- --- Forfeited or expired (8,500 ) $ 13.88 Exercised (235,192 ) $ 12.60 Outstanding at June 30, 2014 905,098 $ 10.25 3.5 $ 10,018,958 Granted --- --- Forfeited or expired --- --- Exercised (609,309 ) $ 10.63 Outstanding at June 30, 2015 295,789 $ 9.47 2.6 $ 3,316,030 Exercisable at June 30, 2015 295,789 $ 9.47 2.6 $ 3,316,030
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Number of Shares Weighted-Average Grant Date Fair Value Unvested at June 30, 2012 453,425 $ 12.36 Granted 189,413 $ 18.58 Forfeited (24,437 ) $ 11.33 Vested (262,438 ) $ 12.64 Unvested at June 30, 2013 355,963 $ 15.75 Granted 148,500 $ 22.13 Forfeited (16,975 ) $ 13.49 Vested (130,783 ) $ 14.75 Unvested at June 30, 2014 356,705 $ 18.88 Granted 181,894 $ 22.75 Forfeited (8,784 ) $ 18.85 Vested (133,449 ) $ 17.53 Unvested at June 30, 2015 396,366 $ 21.13

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2015 2014 2013 Net income $ 37,217 $ 30,681 $ 27,264 Basic earnings per share: Weighted - average number of common shares outstanding 23,844 23,014 22,641 Basic earnings per share $ 1.56 $ 1.33 $ 1.20 Diluted earnings per share: Weighted - average number of common shares outstanding 23,844 23,014 22,641 Effect of stock options and other incremental shares 627 741 752 Weighted-average number of common shares outstanding – diluted 24,471 23,755 23,393 Diluted earnings per share $ 1.52 $ 1.29 $ 1.17

Note 9 - Income Taxes (Tables)

Note 9 - Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2015 2014 2013 Current: Federal $ (7,476 ) $ 12,958 $ (3,127 ) State and local (2,634 ) 1,013 (2,110 ) Foreign (1,636 ) 509 2,180 Total current $ (11,746 ) $ 14,480 $ (3,057 ) Deferred: Federal 21,869 3,703 16,122 State and local 3,807 576 3,145 Foreign 6,715 931 1,261 Total deferred 32,391 5,210 20,528 Total $ 20,645 $ 19,690 $ 17,471
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2015 2014 2013 Computed "expected" income tax expense $ 20,255 $ 17,630 $ 15,484 State taxes, net of federal benefit 763 1,033 676 Non-deductible expenses 818 1,705 383 Foreign tax rate differential (479 ) (383 ) 364 Other, net (712 ) (295 ) 564 Actual income tax expense $ 20,645 $ 19,690 $ 17,471
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2015 2014 Deferred tax assets: Deferred equity compensation $ 862 $ 1,755 Insurance reserves 4,328 4,167 Other 5,195 4,998 Total deferred tax assets $ 10,385 $ 10,920 Deferred tax liabilities: Property and equipment $ (104,186 ) $ (72,235 ) Goodwill (4,442 ) (5,742 ) Other (2,920 ) (1,567 ) Total deferred tax liabilities $ (111,548 ) $ (79,544 ) Net current deferred tax assets $ 7,083 $ 7,651 Net non-current deferred tax liabilities (108,246 ) (76,275 ) Total net deferred tax liabilities $ (101,163 ) $ (68,624 )

Note 10 - Segment Information33

Note 10 - Segment Information and Significant Customers (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Fiscal Year Ended June 30, (Dollars in thousands) 2015 2014 2013 Total revenues Asset based $ 810,208 $ 706,726 $ 569,688 Asset light 90,548 52,585 43,960 900,756 759,311 613,648 Operating income Asset based 54,824 34,179 45,190 Asset light 10,961 5,255 3,482 65,785 39,434 48,672 Depreciation and amortization Asset based 75,317 64,579 57,580 Asset light --- --- --- 75,317 64,579 57,580 Interest income Asset based --- --- --- Interest expense Asset based 7,776 5,071 4,931 Income before taxes Asset based 51,474 29,121 40,259 Asset light 6,388 21,250 4,476 57,862 50,371 44,735 Goodwill Asset based 53,989 21,442 16,362 Asset light 1,368 1,368 1,368 55,357 22,810 17,730 Total assets Asset based 1,167,633 684,548 635,968 Asset light 8,056 6,267 5,194 1,175,689 690,815 641,162
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	2015 2014 2013 Total revenue: United States $ 753,208 $ 609,512 $ 534,463 Canada 102,106 115,678 48,667 Mexico 45,442 34,121 30,518 Total $ 900,756 $ 759,311 $ 613,648 Long-lived assets: United States $ 756,393 $ 439,043 $ 479,852 Canada 76,025 65,719 30,094 Mexico 25,100 18,868 13,828 Total $ 857,518 $ 523,630 $ 523,774

Note 11 - Fair Value Measurem34

Note 11 - Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Total Level 1 Level 2 Level 3 Balance at June 30, 2015 Balance at June 30, 2014 Balance at June 30, 2015 Balance at June 30, 2014 Balance at June 30, 2015 Balance at June 30, 2014 Balance at June 30, 2015 Balance at June 30, 2014 Foreign currency derivatives --- $ 35 --- --- --- $ 35 --- --- Fuel derivatives --- --- --- --- --- --- --- ---

Note 13 - Selected Quarterly 35

Note 13 - Selected Quarterly Data (Unaudited) (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Quarterly Financial Information [Table Text Block]	Fiscal Year 2015 1 st Qtr. 2 nd Qtr. 3 rd Qtr. 4 th Qtr. Total revenues $ 193,416 $ 222,371 $ 231,702 $ 253,267 Operating expenses 179,948 206,802 216,374 231,846 Operating income 13,468 15,569 15,328 21,421 Other expense, net 1,092 1,969 2,066 2,797 Income before taxes 12,376 13,600 13,262 18,624 Income tax expense 4,329 5,057 4,670 6,589 Net income $ 8,047 $ 8,543 $ 8,592 $ 12,035 Basic income per share $ 0.35 $ 0.37 $ 0.37 $ 0.48 Diluted income per share $ 0.34 $ 0.36 $ 0.36 $ 0.47 Fiscal Year 2014 1 st Qtr. 2 nd Qtr. 3 rd Qtr. 4 th Qtr. Total revenues $ 175,102 $ 193,595 $ 193,228 $ 197,386 Operating expenses 163,570 184,652 186,446 185,208 Operating income 11,532 8,943 6,782 12,178 Other expense (income), net 983 1,100 1,053 (14,072 ) Income before taxes 10,549 7,843 5,729 26,250 Income tax expense 3,983 2,717 2,247 10,743 Net income $ 6,566 $ 5,126 $ 3,482 $ 15,507 Basic income per share $ 0.29 $ 0.22 $ 0.15 $ 0.67 Diluted income per share $ 0.28 $ 0.22 $ 0.15 $ 0.65

Note 14 - Acquisitions (Tables)

Note 14 - Acquisitions (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Business Acquisition, Pro Forma Information [Table Text Block]	(Unaudited) Years ended June 30, 2015 Jun 30, 2014 June 30, 2013 Total revenue $ 944,511 $ 868,537 $ 695,986 Net income $ 37,650 $ 32,706 $ 29,451

Note 15 - Goodwill and Other 37

Note 15 - Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Intangibles June 30, 2014 Current year Additions June 30, 2015 Gross carrying amount $ 650 $ 7,446 $ 8,096 Amortization 237 811 1,048 Net carrying amount $ 413 $ 8,257 $ 7,048
Schedule of Goodwill [Table Text Block]	Goodwill June 30, 2014 Current year additions June 30, 2015 Asset based $ 21,442 $ 32,547 $ 53,989 Asset light 1,368 --- 1,368 Total Goodwill $ 22,810 $ 32,547 $ 55,357

Schedule II - Valuation and Q38

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Jun. 30, 2015
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Description Balance at Beginning of Period Charged to Costs and Expenses Deductions Balance at End of Period Year ended June 30, 2013: Allowance for doubtful accounts $ 1,006,689 $ 0 $ 87,880 (a) $ 918,809 Reserves for claims payable as self-insurer $ 11,343,069 $ 14,669,698 $ 14,783,848 (b) $ 11,228,919 Year ended June 30, 2014: Allowance for doubtful accounts $ 918,809 $ 100,000 $ 76,689 (a) $ 942,120 Reserves for claims payable as self-insurer $ 11,228,919 $ 14,892,657 $ 13,126,649 (b) $ 12,994,927 Year ended June 30, 2015: Allowance for doubtful accounts $ 942,120 $ 240,116 $ 180,151 (a) $ 1,002,085 Reserves for claims payable as self-insurer $ 12,994,927 $ 22,371,877 $ 19,750,176 (b) $ 15,616,628

Note 1 - Organization and Sum39

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Tires in Service [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	1 year 180 days
Tires in Service [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	3 years
Noncontrolling Interest, Ownership Percentage by Parent	75.00%
Goodwill	$ 55,357	$ 22,810	$ 17,730
Advertising Expense	$ 5,200	$ 3,200	$ 2,900

Note 1 - Depreciation of Proper

Note 1 - Depreciation of Property and Equipment and Amortization of Assets Under Capital Leases Are Computed (Details)	12 Months Ended
	Jun. 30, 2015
Revenue and Service Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Revenue and Service Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	7 years
Furniture and Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	4 years
Furniture and Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	5 years
Building [Member]
Property, Plant and Equipment, Useful Life	20 years
Leasehold Improvements [Member]
Leasehold improvements	Lesser of life of lease (including expected renewals) or useful life of improvement

Note 2 - Property, Equipment,41

Note 2 - Property, Equipment, and Leases (Details Textual) - USD ($) $ in Millions	Jun. 30, 2015	Jun. 30, 2014
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	$ 54.8	$ 55.8

Note 2 - Property and Equipment

Note 2 - Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Revenue Equipment Owned [Member]
Property, plant, and equipment, gross	$ 325,859	$ 318,533
Revenue Equipment Under Capital Leases [Member]
Property, plant, and equipment, gross	478,606	243,519
Furniture and Office Equipment [Member]
Property, plant, and equipment, gross	12,516	11,498
Land and Building [Member]
Property, plant, and equipment, gross	112,533	64,987
Service Equipment [Member]
Property, plant, and equipment, gross	2,345	1,245
Leasehold Improvements [Member]
Property, plant, and equipment, gross	4,117	4,106
Property, plant, and equipment, gross	$ 935,976	$ 643,888

Note 3 - Lease Obligations an43

Note 3 - Lease Obligations and Long-Term Debt (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Lease Residual Value Guarantees [Member]
Other Commitment	$ 13,100,000
Other Commitment, Due in Next Twelve Months	7,100,000
Revenue Equipment Installment Notes [Member]
Other Long-term Debt	$ 1,800,000
Long-term Debt, Weighted Average Interest Rate	4.40%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.825%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.45%
Revolving Credit Facility [Member]
Debt Instrument, Term	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 300,000,000
Long-term Line of Credit	132,400,000	$ 73,900,000
Letters of Credit Outstanding, Amount	$ 1,700,000	800,000
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	1.40%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	3.60%
Other Long-term Debt	$ 1,800,000	3,000,000
Other Long-term Debt, Current	948,000	$ 1,440,000
Letters of Credit Outstanding, Amount	$ 1,700,000

Note 3 - Total Rental Expense U

Note 3 - Total Rental Expense Under Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Revenue and Service Equipment [Member]
Lease and rent expense	$ 9,109	$ 6,351	$ 6,973
Office Facilities and Terminals [Member]
Lease and rent expense	5,041	3,353	2,386
Lease and rent expense	$ 14,150	$ 9,704	$ 9,359

Note 3 - Future Minimum Leases

Note 3 - Future Minimum Leases Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2015
2,016	$ 71,901
2,016	13,945
2,017	73,832
2,017	2,153
2,018	180,227
2,018	1,539
2,019	60,519
2,019	6,261
2,020	34,423
Thereafter	35,007
Total minimum lease payments	455,909
Total minimum lease payments	23,898
Less amounts representing interest	26,465
Present value of minimum lease payments	429,444
Less current maturities	62,992
Non-current portion	$ 366,452

Note 4 - Employee Benefit Pla46

Note 4 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5.00%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	20.00%
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 358,000	$ 278,000	$ 202,000

Note 5 - Stock Plans (Details T

Note 5 - Stock Plans (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Dec. 31, 2013	Nov. 30, 2008	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jan. 31, 2006
Two Thousand and Six Omnibus Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			181,894	148,500	189,413
Two Thousand and Six Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized						1,687,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	750,000	1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			553,352
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
All Other Grants [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			5 years
Restricted Stock [Member] | Weighted Average [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 255 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			181,894	148,500	189,413
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 7,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options			0
Allocated Share-based Compensation Expense			2,800,000	$ 2,100,000	$ 3,900,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense			$ 1,900,000	1,100,000	1,900,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			$ 8,400,000	$ 1,900,000	$ 2,000,000

Note 5 - Summary of the Award A

Note 5 - Summary of the Award Activity of the Stock Option Plans (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Shares outstanding (in shares)	295,789	905,098	1,148,790	1,362,290
Weighted-average exercise price, outstanding (in dollars per share)	$ 9.47	$ 10.25	$ 10.76	$ 10.63
Weighted-average remaining contractual term, outstanding	2 years 219 days	3 years 182 days	4 years 36 days	5 years 36 days
Aggregate Intrinsic value, outstanding	$ 3,316,030	$ 10,018,958	$ 8,606,841	$ 7,829,713
Shares Forfeited or expired (in shares)		(8,500)	(17,925)
Weighted-average exercise price, forfeited or expired (in dollars per share)		$ 13.88	$ 13.77
Shares Exercised (in shares)	(609,309)	(235,192)	(195,575)
Weighted-average exercise price, exercised (in dollars per share)	$ 10.63	$ 12.60	$ 9.57
Exercisable at June 30, 2015 (in shares)	295,789
Exercisable at June 30, 2015 (in dollars per share)	$ 9.47
Exercisable at June 30, 2015	2 years 219 days
Exercisable at June 30, 2015	$ 3,316,030

Note 5 - Summary of the Restric

Note 5 - Summary of the Restricted Stock Award Activity (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Number of shares, unvested (in shares)	396,366	356,705	355,963
Weighted-average grant date fair value, unvested (in dollars per share)	$ 21.13	$ 18.88	$ 15.75
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	181,894	148,500	189,413
Weighted-average grant date fair value, granted (in dollars per share)	$ 22.75	$ 22.13	$ 18.58
Number of shares, forfeited (in shares)	(8,784)	(16,975)	(24,437)
Weighted-average grant date fair value, forfeited (in dollars per share)	$ 18.85	$ 13.49	$ 11.33
Number of shares, vested (in shares)	(133,449)	(130,783)	(262,438)
Weighted-average grant date fair value, vested (in dollars per share)	$ 17.53	$ 14.75	$ 12.64

Note 6 - Stock Repurchase Pro50

Note 6 - Stock Repurchase Programs (Details Textual) - shares	58 Months Ended
	Jun. 30, 2015	Aug. 25, 2010
Treasury Stock, Shares, Acquired	0
Stock Repurchase Program, Number of Shares Authorized to be Repurchased		2,000,000

Note 7 - Earnings Per Share (De

Note 7 - Earnings Per Share (Details Textual) - shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	39,150

Note 7 - Reconciliation of Basi

Note 7 - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Net income	$ 37,217	$ 30,681	$ 27,264
Basic earnings per share:
Weighted - average number of common shares outstanding (in shares)	23,844	23,014	22,641
Basic earnings per share (in dollars per share)	$ 1.56	$ 1.33	$ 1.20
Weighted average shares outstanding:
Weighted - average number of common shares outstanding (in shares)	23,844	23,014	22,641
Effect of stock options and other incremental shares (in shares)	627	741	752
Weighted-average number of common shares outstanding – diluted (in shares)	24,471	23,755	23,393
Diluted earnings per share (in dollars per share)	$ 1.52	$ 1.29	$ 1.17

Note 8 - Commitments and Cont53

Note 8 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Minimum [Member] | Day et al. Vs. Celadon Trucking Services, Inc. [Member]
Estimated Litigation Liability	$ 0
Minimum [Member]
Estimated Litigation Liability	0
Maximum [Member] | Day et al. Vs. Celadon Trucking Services, Inc. [Member]
Estimated Litigation Liability	2,000,000
Maximum [Member]
Estimated Litigation Liability	$ 5,000,000
Held In Trust [Member]
Treasury Stock, Shares	500,000
Long-term Purchase Commitment, Amount	$ 60,700,000
Letters of Credit Outstanding, Amount	$ 1,700,000
Treasury Stock, Shares	500,000	500,000

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Tax Year 2011 [Member]
Open Tax Year	2,011
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Tax Year 2012 [Member]
Open Tax Year	2,012
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Tax Year 2013 [Member]
Open Tax Year	2,013
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	$ 0	$ 0	$ 0
Unrecognized Tax Benefits	500,000	500,000
Undistributed Earnings of Foreign Subsidiaries	$ 10,900,000	$ 3,800,000	$ 4,300,000
Effective Income Tax Rate Reconciliation, Percent	35.00%
Operating Loss Carryforwards	$ 12,500,000

Note 9 - Income Tax Provision F

Note 9 - Income Tax Provision For Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Current:
Federal	$ (7,476)	$ 12,958	$ (3,127)
State and local	(2,634)	1,013	(2,110)
Foreign	(1,636)	509	2,180
Total current	(11,746)	14,480	(3,057)
Deferred:
Federal	21,869	3,703	16,122
State and local	3,807	576	3,145
Foreign	6,715	931	1,261
Total deferred	32,391	5,210	20,528
Total	$ 20,645	$ 19,690	$ 17,471

Note 9 - Income Tax Expense (De

Note 9 - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Computed "expected" income tax expense	$ 20,255	$ 17,630	$ 15,484
State taxes, net of federal benefit	763	1,033	676
Non-deductible expenses	818	1,705	383
Foreign tax rate differential	(479)	(383)	364
Other, net	(712)	(295)	564
Total	$ 20,645	$ 19,690	$ 17,471

Note 9 - Deferred Tax Assets an

Note 9 - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Deferred tax assets:
Deferred equity compensation	$ 862	$ 1,755
Insurance reserves	4,328	4,167
Other	5,195	4,998
Total deferred tax assets	10,385	10,920
Deferred tax liabilities:
Property and equipment	(104,186)	(72,235)
Goodwill	(4,442)	(5,742)
Other	(2,920)	(1,567)
Total deferred tax liabilities	(111,548)	(79,544)
Net current deferred tax assets	7,083	7,651
Net non-current deferred tax liabilities	(108,246)	(76,275)
Total net deferred tax liabilities	$ (101,163)	$ (68,624)

Note 10 - Segment Information58

Note 10 - Segment Information and Significant Customers (Details Textual)	12 Months Ended
	Jun. 30, 2015
Number of Reportable Segments	2
Number of Operating Segments	2

Note 10 - Segment Reporting Inf

Note 10 - Segment Reporting Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Asset Based [Member]
Total revenues	$ 810,208	$ 706,726	$ 569,688
Operating income	54,824	34,179	45,190
Depreciation and amortization	75,317	64,579	57,580
Asset based	7,776	5,071	4,931
Income before taxes	51,474	29,121	40,259
Goodwill	53,989	21,442	16,362
Total assets	1,167,633	684,548	635,968
Asset Light Based [Member]
Total revenues	90,548	52,585	43,960
Operating income	10,961	5,255	3,482
Income before taxes	6,388	21,250	4,476
Goodwill	1,368	1,368	1,368
Total assets	8,056	6,267	5,194
Total revenues	900,756	759,311	613,648
Operating income	65,785	39,434	48,672
Depreciation and amortization	75,317	64,579	57,580
Asset based	7,776	5,071	4,931
Income before taxes	57,862	50,371	44,735
Goodwill	55,357	22,810	17,730
Total assets	$ 1,175,689	$ 690,815	$ 641,162

Note 10 - Operating Revenue by

Note 10 - Operating Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
UNITED STATES
Total revenues			$ 753,208	$ 609,512	$ 534,463
Long lived assets	$ 756,393	$ 439,043	756,393	439,043	479,852
CANADA
Total revenues			102,106	115,678	48,667
Long lived assets	76,025	65,719	76,025	65,719	30,094
MEXICO
Total revenues			45,442	34,121	30,518
Long lived assets	25,100	18,868	25,100	18,868	13,828
Total revenues	253,267	197,386	900,756	759,311	613,648
Long lived assets	$ 857,518	$ 523,630	$ 857,518	$ 523,630	$ 523,774

Note 11 - Fair Value of Financi

Note 11 - Fair Value of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Inputs, Level 1 [Member]
Foreign currency derivatives
Fair Value, Inputs, Level 2 [Member]
Foreign currency derivatives		$ 35
Fair Value, Inputs, Level 3 [Member]
Foreign currency derivatives
Foreign currency derivatives		$ 35

Note 13 - Summarized Quarterly

Note 13 - Summarized Quarterly Data for Fiscal 2015 and 2014 (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013
Total revenues	$ 253,267	$ 231,702	$ 222,371	$ 193,416	$ 197,386	$ 193,228	$ 193,595	$ 175,102
Operating expenses	231,846	216,374	206,802	179,948	185,208	186,446	184,652	163,570
Operating income	21,421	15,328	15,569	13,468	12,178	6,782	8,943	11,532
Other expense, net	2,797	2,066	1,969	1,092	(14,072)	1,053	1,100	983
Income before taxes	18,624	13,262	13,600	12,376	26,250	5,729	7,843	10,549
Income tax expense	6,589	4,670	5,057	4,329	10,743	2,247	2,717	3,983
Net Income	$ 12,035	$ 8,592	$ 8,543	$ 8,047	$ 15,507	$ 3,482	$ 5,126	$ 6,566
Basic income per share (in dollars per share)	$ 0.48	$ 0.37	$ 0.37	$ 0.35	$ 0.67	$ 0.15	$ 0.22	$ 0.29
Diluted income per share (in dollars per share)	$ 0.47	$ 0.36	$ 0.36	$ 0.34	$ 0.65	$ 0.15	$ 0.22	$ 0.28

Note 14 - Acquisitions (Details

Note 14 - Acquisitions (Details Textual) - USD ($) $ in Thousands

Jan. 20, 2015

Dec. 12, 2014

Oct. 26, 2014

Nov. 15, 2013

Nov. 13, 2013

Nov. 01, 2013

Sep. 16, 2013

Sep. 13, 2013

Aug. 26, 2013

Jun. 30, 2015

Sep. 03, 2014

Jun. 30, 2014

Jun. 30, 2013

AS Services Group LLC [Member]

Payments to Acquire Businesses, Gross

$ 55,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other

19,300

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment

79,200

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

4,500

Goodwill

10,200

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt

52,200

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

$ 6,000

Furniture Row Express LLC [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

$ 10,000

Bee Line, Inc [Member]

Payments to Acquire Businesses, Gross

$ 4,500

Taylor Express, Inc. [Member]

Payments to Acquire Businesses, Gross

$ 50,600

Land Span [Member]

Payments to Acquire Businesses, Gross

$ 5,400

TCI [Member]

Payments to Acquire Businesses, Gross

$ 2,900

Hoss [Member] | Purchased Land and Building [Member]

Payments to Acquire Businesses, Gross

$ 1,800

Hoss [Member]

Payments to Acquire Businesses, Gross

$ 1,200

Osborn [Member]

Business Combination, Consideration Transferred

$ 21,000

Business Combination, Consideration Transferred, Liabilities Incurred

$ 5,500

Yanke [Member]

Payments to Acquire Businesses, Gross

$ 17,900

Goodwill

$ 55,357

$ 22,810

$ 17,730

Note 14 - Pro Forma Information

Note 14 - Pro Forma Information (Details) - AS Services Group LLC [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Total revenue	$ 944,511	$ 868,537	$ 695,986
Net income	$ 37,650	$ 32,706	$ 29,451

Note 15 - Goodwill and Other 65

Note 15 - Goodwill and Other Intangible Assets (Details Textual) - Jun. 30, 2015 - USD ($) $ in Millions	Total
AS Services Group LLC [Member]
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 10.2
Goodwill, Acquired During Period	10.2
Taylor Express, Inc. [Member]
Business Acquisition, Goodwill, Expected Tax Deductible Amount	20.4
Goodwill, Acquired During Period	20.4
Bee Line, Inc [Member]
Goodwill, Acquired During Period	$ 2

Note 15 - Acquired Intangible A

Note 15 - Acquired Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Gross carrying amount	$ 8,096	$ 650
Gross carrying amount	7,446
Amortization	1,048	237
Amortization	811
Net carrying amount	$ 7,048	$ 413

Note 15 - Additions to Goodwill

Note 15 - Additions to Goodwill (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2015USD ($)
Asset Based [Member]
Goodwill	$ 53,989
Goodwill Current year additions	32,547
Asset Light Based [Member]
Goodwill	$ 1,368
Goodwill Current year additions
Goodwill	$ 55,357
Goodwill Current year additions	$ 32,547

Note 16 - Gain on Disposition68

Note 16 - Gain on Disposition of Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Element [Member]
Proceeds from Sale of Property, Plant, and Equipment		$ 329,000
Gain (Loss) on Disposition of Property Plant Equipment	$ 21,500
Disposal Group, Including Discontinued Operation, Revenue		65,300	$ 76,500
Proceeds from Sale of Property, Plant, and Equipment		172,354	103,926	$ 105,444
Gain (Loss) on Disposition of Property Plant Equipment		$ 23,619	$ 6,736	$ 6,813

Schedule II - Valuation and Q69

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($)		12 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Allowance for Doubtful Accounts [Member]
Balance at Beginning of Period		$ 942,120	$ 918,809	$ 1,006,689
Charged to Costs and Expenses		240,116	100,000	0
Deductions	[1]	180,151	76,689	87,880
Balance at End of Period		1,002,085	942,120	918,809
Reserves for Claims Payable as Self Insurer [Member]
Balance at Beginning of Period		12,994,927	11,228,919	11,343,069
Charged to Costs and Expenses		22,371,877	14,892,657	14,669,698
Deductions	[2]	19,750,176	13,126,649	14,783,848
Balance at End of Period		$ 15,616,628	$ 12,994,927	$ 11,228,919
[1]	Represents accounts receivable net write-offs.
[2]	Represents claims paid.

Uncategorized Items - cgi-20150

Label	Element	Value
Asset Based [Member]
Goodwill	us-gaap_Goodwill	$ 21,442
Asset Light Based [Member]
Goodwill	us-gaap_Goodwill	$ 1,368
Restricted Stock [Member]
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	453,425
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	$ 12.36