USA Truck (USAK) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 28, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	USA Truck Inc
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		10,635,441
Amendment Flag	FALSE
Entity Central Index Key	883945
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash	$939	$205
Accounts receivable, net of allowance for doubtful accounts of $1,001 and $1,020, respectively	70,069	76,825
Inventories	1,853	1,863
Assets held for sale	2,140	3,536
Deferred income taxes	2,909	7,707
Prepaid expenses and other current assets	19,419	17,318
Total current assets	97,329	107,454
Property and equipment:
Land and structures	31,641	31,596
Revenue equipment	348,337	348,216
Service, office and other equipment	17,052	16,648
Property and equipment, at cost	397,030	396,460
Accumulated depreciation and amortization	-186,529	-182,724
Property and equipment, net	210,501	213,736
Other assets	364	658
Total assets	308,194	321,848
Current liabilities:
Accounts payable	21,621	23,582
Current portion of insurance and claims accruals	10,631	10,230
Accrued expenses	10,172	8,252
Current maturities of long-term debt and capital leases	19,742	24,048
Total current liabilities	62,166	66,112
Deferred gain	588	589
Long-term debt and capital leases, less current maturities	86,429	93,464
Deferred income taxes	42,401	46,688
Insurance and claims accruals, less current portion	9,647	9,647
Total liabilities	201,231	216,500
Commitments and contingencies
Stockholders’ equity:
Preferred Stock, $.01 par value; 1,000,000 shares authorized; none issued	0	0
Common Stock, $.01 par value; 30,000,000 shares authorized; issued 11,970,357 shares, and 11,873,071 shares, respectively	120	119
Additional paid-in capital	66,348	65,850
Retained earnings	62,198	61,082
Less treasury stock, at cost (1,340,438 shares, and 1,340,438 shares, respectively)	-21,703	-21,703
Total stockholders’ equity	106,963	105,348
Total liabilities and stockholders’ equity	$308,194	$321,848

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Allowance for doubtful accounts (in Dollars)	$1,001	$1,020
Par value (in Dollars per share)	$0.01	$0.01
Shares authorized	1,000,000	1,000,000
Shares issued	0	0
Common Stock, par value (in Dollars per share)	$0.01	$0.01
Common Stock, shares authorized	30,000,000	30,000,000
Common Stock, shares issued	11,970,357	11,873,071
Common Stock, shares outstanding	11,970,357	11,873,071
Treasury stock	1,340,438	1,340,438

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Operating revenue	$132,887	$145,489
Operating expenses:
Salaries, wages and employee benefits	37,872	35,839
Fuel expense	17,978	33,003
Depreciation and amortization	10,671	11,455
Insurance and claims	6,194	5,984
Operations and maintenance	12,140	13,062
Purchased transportation	38,770	41,250
Operating taxes and licenses	1,320	1,446
Communications and utilities	863	1,039
Gain on disposal of assets	-503	-343
Other	3,991	3,797
Total operating expenses	129,296	146,532
Operating income (loss)	3,591	-1,043
Other expenses (income):
Interest expense, net	630	711
Defense costs		365
Loss on extinguishment of debt	750
Other, net	202	64
Total other expenses, net	1,582	1,140
Income (loss) before income taxes	2,009	-2,183
Income tax expense (benefit)	893	-594
Net income (loss) and comprehensive income (loss)	$1,116	($1,589)
Net income (loss) per share information:
Average shares outstanding (basic) (in Shares)	10,395	10,339
Basic earnings (loss) per share (in Dollars per share)	$0.11	($0.15)
Average shares outstanding (diluted) (in Shares)	10,516	10,339
Diluted earnings (loss) per share (in Dollars per share)	$0.11	($0.15)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
In Thousands
Balance at Dec. 31, 2014	$119	$65,850	$61,082	($21,703)	$105,348
Balance (in Shares) at Dec. 31, 2014	11,873
Net income			1,116		1,116
Exercise of stock options		104			104
Exercise of stock options (in Shares)	21
Excess tax benefit from exercise of stock options		433			433
Share-based compensation		226			226
Restricted stock award grant	1	-1
Restricted stock award grant (in Shares)	84
Net share settlement related to restricted stock vesting		-264			-264
Net share settlement related to restricted stock vesting (in Shares)	-8
Balance at Mar. 31, 2015	$120	$66,348	$62,198	($21,703)	$106,963
Balance (in Shares) at Mar. 31, 2015	11,970

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating activities:
Net income (loss)	$1,116	($1,589)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	10,671	11,455
Provision for doubtful accounts	17	113
Deferred income taxes, net	510
Share-based compensation	226	116
Gain on disposal of assets, net	-503	-343
Loss on extinguishment of debt	750
Other	-2	1
Changes in operating assets and liabilities:
Accounts receivable	6,739	-12,585
Inventories and prepaid expenses	-2,841	-1,855
Accounts payable and accrued liabilities	2,167	9,447
Insurance and claims accruals	550	988
Other long-term assets and liabilities	294
Net cash provided by operating activities	19,694	5,748
Investing activities:
Capital expenditures	-11,678	-2,959
Proceeds from sale of property and equipment	6,196	3,853
Change in other assets, net		7
Net cash (used in) provided by investing activities	-5,482	901
Financing activities:
Borrowings under long-term debt	108,736	22,895
Payments on long-term debt	-112,236	-21,795
Payments on capitalized lease obligations	-7,507	-5,194
Net increase in bank drafts payable	-2,409	-2,101
Excess tax benefit from exercise of stock options	433
Principal payments on note payable	-335	-339
Net payments on stock-based awards	-160	-123
Net cash used in financing activities	-13,478	-6,657
Increase (Decrease) in cash	734	-8
Cash:
Beginning of period	205	14
End of period	939	6
Cash paid during the period for:
Interest	570	857
Income taxes	55	163
Accounts Payable [Member]
Supplemental disclosure of non-cash investing activities:
Purchases of revenue equipment included in accounts payable	$238	$7,296

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 –Basis of Presentation
	In the opinion of the management of USA Truck, Inc., the accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information. Certain information and footnote disclosures normally included in financial statements required by GAAP have been condensed or omitted. All normal recurring adjustments considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2015, are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. These financial statements should be read in conjunction with the financial statements, and footnotes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Note_2_Note_Receivable

Note 2 - Note Receivable	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 2 – NOTE RECEIVABLE
	During November 2010, the Company sold its terminal facility in Shreveport, Louisiana. In connection with this sale, the buyer gave the Company cash in the amount of $0.2 million and a note receivable in the amount of $2.1 million. The note receivable bears interest at an annual rate of 7.0%, matures in five years and has scheduled principal and interest payments based on a 30-year amortization schedule. A balloon payment in the approximate amount of $1.9 million is payable to the Company when the note matures in November 2015. Accordingly, the Company deferred the approximate $0.7 million of gain on the sale of this facility, and records this gain into earnings as payments on the note receivable are received. The Company believes that the note receivable balance at March 31, 2015, in the approximate amount of $1.9 million, is fully collectible and accordingly has not recorded any valuation allowance against the note receivable and is included in the accounts receivable, net in the accompanying condensed consolidated balance sheet. During the three months ended March 31, 2015, and 2014 the Company recognized approximately $2,000, respectively, of this gain.

Note_3_ShareBased_Compensation

Note 3 - Share-Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 3 – SHARE-BASED COMPENSATION
	In May 2014, the Company’s stockholders approved the USA Truck, Inc. 2014 Omnibus Incentive Plan (the “Incentive Plan”). The Incentive Plan provides for the granting of incentive or nonqualified options or other equity-based awards covering up to 500,000 shares of common stock to directors, officers and other key employees and consultants. At March 31, 2015, 396,053 shares were available for future options or other equity awards under the Incentive Plan.
	In January 2015, the Executive Compensation Committee approved a Long Term Incentive Plan (the “2015 LTIP”) under which participants, including executives and other key management personnel, are eligible to receive long-term equity awards in the form of restricted stock. In January 2015, the 2015 LTIP participants received grants of restricted stock, a portion of which are subject to time-based vesting, in 25% increments over four years beginning on the first anniversary of the grant date, and a portion of which are subject to performance-based vesting upon achievement of certain levels of return on invested capital over a three-year performance period.
	In March 2015, the Executive Compensation Committee approved a Management Bonus Plan (the “2015 Bonus Plan”), pursuant to which members of senior management are eligible to receive incremental cash bonuses upon achievement of certain performance targets. For certain members of senior management, excluding the Company’s President and Chief Executive Officer, one-half of the cash bonus opportunity depends on achievement of consolidated Company goals, and one-half of the cash bonus opportunity depends on achievement of departmental or individual goals established by the President and Chief Executive Officer. For the President and Chief Executive Officer, the cash bonus opportunity depends on the achievement of consolidated Company goals.

Note_4_Segment_Reporting

Note 4 - Segment Reporting	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 4 – SEGMENT REPORTING
	The Company’s two reportable segments are trucking and Strategic Capacity Solutions (“SCS”).
	Trucking. Trucking is comprised of truckload and dedicated freight services. Truckload provides services as a medium- to long-haul common carrier. USA Truck has provided truckload services since its inception, and derives the largest portion of its revenue from these services. Dedicated freight provides truckload services to specific customers for shipments over particular routes at particular times utilizing Company revenue equipment.
	Strategic Capacity Solutions. SCS consists of freight brokerage and rail intermodal services. Both of these service offerings match customer shipments with available equipment of authorized carriers and provide services that complement the Company’s trucking operations. USA Truck provides these services primarily to existing trucking customers, many of whom prefer to rely on a single carrier, or a small group of carriers, to provide all their transportation solutions.
	In determining its reportable segments, the Company focuses on financial information, such as operating revenues, operating expense categories, operating ratios, operating income and key operating statistics, which the Company’s management uses to make operating decisions.
	Assets are not allocated to SCS, as those operations provide truckload freight services to customers through arrangements with third party carriers who utilize their own equipment. To the extent rail intermodal operations require the use of Company-owned assets, they are obtained from the Company’s trucking segment on an as-needed basis. Depreciation and amortization expense is allocated to SCS based on the assets specifically utilized to generate revenue. All intercompany transactions between segments reflect rates similar to those that would be negotiated with independent third parties. All other expenses for SCS are specifically identifiable directed costs or are allocated to SCS based on relevant drivers.
	A summary of operating revenue by segment is as follows (in thousands):
			Three Months Ended
			March 31,
			2015			2014
	Operating revenue
	Trucking revenue (1)		$	96,402		$	102,914
	Trucking intersegment eliminations			(615	)		(148	)
	Trucking operating revenue			95,787			102,766
	SCS revenue			38,671			45,252
	SCS intersegment eliminations			(1,571	)		(2,529	)
	SCS operating revenue			37,100			42,723
	Total operating revenue		$	132,887		$	145,489
		-1	Includes foreign revenue of $11.8 million and $14.8 million for the three months ended March 31, 2015 and 2014, respectively.
	A summary of operating income (loss) by segment is as follows (in thousands):
			Three Months Ended
			March 31,
			2015			2014
	Operating income (loss)
	Trucking		$	615		$	(6,120	)
	SCS			2,976			5,077
	Total operating income (loss)		$	3,591		$	(1,043	)
	A summary of depreciation and amortization by segment is as follows (in thousands):
			Three Months Ended
			March 31,
			2015			2014
	Depreciation and amortization
	Trucking		$	10,613		$	11,406
	SCS			58			49
	Total depreciation and amortization		$	10,671		$	11,455

Note_5_Assets_Held_for_sale

Note 5 - Assets Held for sale	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5 – Assets Held for sale
	Assets held for sale as of March 31, 2015 and December 31, 2014 were as follows (in thousands):
		March 31,		December 31,
		2015		2014
	Revenue equipment assets held for sale	$	2,140	$	3,536
	As of March 31, 2015 and December 31, 2014, assets held for sale are carried at the lower of depreciated cost or estimated fair value less expected selling costs. The Company expects to sell these assets within the next twelve months.

Note_6_Accrued_Expenses

Note 6 - Accrued Expenses	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	Note 6 – Accrued Expenses
	Accrued expenses consisted of the following (in thousands):
		March 31,		December 31,
		2015		2014
	Salaries, wages and employee benefits	$	6,008	$	7,043
	Federal and state tax accruals		3,186		186
	Other		978		1,023
	Total accrued expenses	$	10,172	$	8,252

Note_7_Longterm_Debt

Note 7 - Long-term Debt	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	Note 7 – LONG-TERM DEBT
	Long-term debt consisted of the following (in thousands):
		March 31,			December 31,
		2015			2014
	Revolving credit agreement	$	67,500		$	71,000
	Other		562			896
	Total debt		68,062			71,896
	Less current maturities		(562	)		(896	)
	Long-term debt, less current maturities	$	67,500		$	71,000
	CREDIT FACILITY
	In February 2015, the Company entered into a new senior secured revolving credit facility (the “Credit Facility”) with a group of lenders and Bank of America, N.A., as agent (“Agent”). Contemporaneously with the funding of the Credit Facility, the Company paid off the obligations under its prior credit facility and terminated such facility.
	The Credit Facility is structured as a $170.0 million revolving credit facility, with an accordion feature that, so long as no event of default exists, allows the Company to request an increase in the revolving credit facility of up to $80.0 million, exercisable in increments of $20.0 million. The Credit Facility is a five-year facility scheduled to terminate on February 5, 2020. Borrowings under the Credit Facility are classified as either “base rate loans” or “LIBOR loans”. Base rate loans accrue interest at a base rate equal to the Agent’s prime rate plus an applicable margin that is set at 0.50% through May 31, 2016 and adjusted quarterly thereafter between 0.25% and 1.00% based on the Company’s consolidated fixed charge coverage ratio. LIBOR loans accrue interest at LIBOR plus an applicable margin that is set at 1.50% through May 31, 2016 and adjusted quarterly thereafter between 1.25% and 2.00% based on the Company’s consolidated fixed charge coverage ratio. The Credit Facility includes, within its $170.0 million revolving credit facility, a letter of credit sub-facility in an aggregate amount of $15.0 million and a swing line sub-facility in an aggregate amount of $20.0 million. An unused line fee of 0.25% is applied to the average daily amount by which the lenders’ aggregate revolving commitments exceed the outstanding principal amount of revolver loans and the aggregate undrawn amount of all outstanding letters of credit issued under the Credit Facility. The Credit Facility is secured by a pledge of substantially all of the Company’s assets, with the notable exclusion of any real estate or revenue equipment financed outside the Credit Facility. Additionally, the Company recognized charges in the first quarter of 2015 of $0.8 million resulting from the replacement of its previous credit facility representing the write-off of the unamortized deferred financing fees associated with the previous credit facility.
	Borrowings under the Credit Facility are subject to a borrowing base limited to the lesser of (A) $170.0 million; or (B) the sum of (i) 90% of eligible investment grade accounts receivable (reduced to 85% in certain situations), plus (ii) 85% of eligible non-investment grade accounts receivable, plus (iii) the lesser of (a) 85% of eligible unbilled accounts receivable and (b) $10.0 million, plus (iv) the product of 85% multiplied by the net orderly liquidation value percentage applied to the net book value of eligible revenue equipment, plus (v) 85% multiplied the net book value of otherwise eligible newly acquired revenue equipment that has not yet been subject to an appraisal. The borrowing base is reduced by an availability reserve, including reserves based on dilution and certain other customary reserves. The Credit Facility contains a single springing financial covenant, which requires a consolidated fixed charge coverage ratio of at least 1.0 to 1.0. The financial covenant springs only in the event excess availability under the Credit Facility drops below 10% of the lenders’ total commitments under the Credit Facility.
	The Credit Facility includes usual and customary events of default for a facility of this nature and provides that, upon the occurrence and continuation of an event of default, payment of all amounts payable under the Credit Facility may be accelerated, and the lenders’ commitments may be terminated. The Credit Facility contains certain restrictions and covenants relating to, among other things, dividends, liens, acquisitions and dispositions, affiliate transactions, and other indebtedness.
	The Company had no overnight borrowings under the Credit Facility at March 31, 2015. The average interest rate including all borrowings made under the Credit Facility as of March 31, 2015 was 1.74%. As debt is repriced on a monthly basis, the borrowings under the Credit Facility approximate fair value. As of March 31, 2015, the Company had outstanding $6.2 million in letters of credit and had approximately $96.3 million available under the Credit Facility.

Note_8_Leases_and_Commitments

Note 8 - Leases and Commitments	3 Months Ended
	Mar. 31, 2015
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	Note 8 –LEASES AND Commitments
	CAPITAL LEASES
	USA Truck leases certain equipment under capital leases with terms ranging from 15 to 60 months. Balances related to these capitalized leases are included in property and equipment in the accompanying condensed consolidated balance sheets and are set forth in the table below for the periods indicated (in thousands).
		Capitalized Costs		Accumulated Amortization		Net Book Value
	31-Mar-15	$	62,763	$	23,267	$	39,496
	31-Dec-14		75,188		27,770		47,418
	The Company has capitalized lease obligations relating to revenue equipment of $38.0 million, of which $19.1 million represents the current portion. Such leases have various termination dates extending through August 2018 and contain renewal or fixed price purchase options. The effective interest rates on the leases range from 1.6% to 3.1% as of March 31, 2015. The lease agreements require payment of property taxes, maintenance and operating expenses. The Company has entered into various long-term financing agreements of approximately $0.1 million for the purchases of information technology related hardware, which bear interest ranging from 3.1% to 4.5%. Amortization of capital leases was $2.7 million and $3.4 million for the three months ended March 31, 2015 and 2014, respectively.
	OPERATING LEASES
	Rent expense associated with operating leases was $1.3 million for the three months ended March 31, 2015 and 2014, respectively. Rent expense relating to tractors, trailers and other operating equipment is included in operations and maintenance expense, while rent expense relating to office equipment is included in other operating expenses in the accompanying condensed consolidated statements of operations and comprehensive income (loss).
	As of March 31, 2015, the Company has entered into leases with lessors who do not participate in the Credit Facility. Currently, such leases do not contain cross-default provisions with the Credit Facility.
	As of March 31, 2015, the future minimum payments under capitalized leases with initial terms of one year or more and future rentals under operating leases for certain facilities, office equipment and revenue equipment with initial terms of one year or more were as follows for the years indicated (in thousands).
		2015		2016		2017		2018		2019		Thereafter
	Capital leases	$	20,160	$	16,733	$	1,155	$	1,911	$	--	$	--
	Operating leases		4,082		3,654		3,581		2,463		10		236
	OTHER COMMITMENTS
	As of March 31, 2015, the Company had no commitments for purchases of non-revenue equipment and commitments of approximately $36.7 million for purchases of revenue equipment, of which none is cancellable. The Company anticipates taking delivery of these purchases throughout the remainder of 2015.

Note_9_Income_Taxes

Note 9 - Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 9 –INCOME tAXES
	During the three months ended March 31, 2015 and 2014, effective tax rates were 44.4% and 27.2%, respectively. Income tax expense varies from the amount computed by applying the statutory federal tax rate to income before income taxes primarily due to state income taxes, net of federal income tax effect, adjusted for permanent differences, the most significant of which is the effect of the per diem pay structure for the Company’s drivers. Drivers may elect to receive non-taxable per diem pay in lieu of a portion of their taxable wages. This per diem program increases the Company’s drivers’ net pay per mile, after taxes, while decreasing gross pay, before taxes. As a result, salaries, wages and employee benefits costs are slightly lower, and effective income tax rates are higher than the statutory rate. Generally, as pre-tax income increases, the impact of the driver per diem program on the effective tax rate decreases, because aggregate per diem pay becomes smaller in relation to pre-tax income, while in periods where earnings are at or near breakeven, the impact of the per diem program on the Company’s effective tax rate is significant. Due to the partially nondeductible effect of per diem pay, the Company’s tax rate will fluctuate in future periods based on fluctuations in earnings and in the number of drivers who elect to receive this pay structure.
	The Company accounts for any uncertainty in income taxes by determining whether it is more likely than not that a tax position taken in a tax return will be sustained upon examination by the appropriate taxing authority based on the technical merits of the position. In that regard, the Company has analyzed filing positions in its federal and applicable state tax returns as well as in all open tax years. Periods subject to examination for the Company’s federal returns are the 2011, 2012 and 2013 tax years. Management believes that the Company’s income tax filing positions and deductions will be sustained on examination and does not anticipate any adjustments that will result in a material change to its consolidated financial position, results of operations and cash flows. In conjunction with the foregoing, the Company’s policy is to recognize interest related to unrecognized tax benefits as interest expense and penalties as operating expenses. No unrecognized tax benefits have been recorded as of March 31, 2015.
	The Company believes adequate provision has been made for future tax consequences based upon current facts and circumstances and current tax law; however, based on improving results from operations and other factors, the Company expects to fully utilize net operating loss carry forwards from prior years.

Note_10_Earnings_Loss_Per_Shar

Note 10 - Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 10 –EARNINGS (LOSS) Per Share
	Basic earnings (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive stock options and restricted stock. The computation of diluted earnings (loss) per share does not assume conversion, exercise, or contingent issuance of securities that would have an antidilutive effect on income (loss) per share.
	The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):
		Three Months Ended
		March 31,
		2015		2014
	Numerator:
	Net income (loss)	$	1,116	$	(1,589	)
	Denominator:
	Denominator for basic earnings (loss) per share – weighted average shares		10,395		10,339
	Effect of dilutive securities:
	Employee stock options and restricted stock		121		--
	Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversion		10,516		10,339
	Basic earnings (loss) per share	$	0.11	$	(0.15	)
	Diluted earnings (loss) per share	$	0.11	$	(0.15	)
	Weighted average anti-dilutive employee stock options and restricted stock		39		11

Note_11_Legal_Proceedings

Note 11 - Legal Proceedings	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Legal Matters and Contingencies [Text Block]	NOTE 11 – LEGAL PROCEEDINGS
	USA Truck is party to routine litigation incidental to its business, primarily involving claims for personal injury and property damage incurred in the transportation of freight. The Company maintains insurance to cover liabilities in excess of certain self-insured retention levels. Though it is the opinion of management that these claims are immaterial to the Company’s long-term financial position, adverse results of one or more of these claims could have a material adverse effect on the Company’s condensed consolidated financial statements in any given reporting period.

Note_12_New_Accounting_Pronoun

Note 12 - New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 12 – NEW ACCOUNTING PRONOUNCEMENTS
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance under GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to implement this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing GAAP.
	The standard is effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Management is currently evaluating the impact of the pending adoption of ASU 2014-09 on the Company’s condensed consolidated financial statements and has not yet determined the method by which the Company will adopt the standard in its 2017 fiscal year.
	In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which amends the current presentation of debt issuance costs in the financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, instead of as an asset. The amendments are to be applied retrospectively and are effective for interim and annual periods beginning after December 15, 2015.  The adoption of the new guidance is not expected to have a material impact on the Company’s condensed consolidated financial statements.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	In the opinion of the management of USA Truck, Inc., the accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information. Certain information and footnote disclosures normally included in financial statements required by GAAP have been condensed or omitted. All normal recurring adjustments considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2015, are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. These financial statements should be read in conjunction with the financial statements, and footnotes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Note_4_Segment_Reporting_Table

Note 4 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Three Months Ended
		March 31,
		2015			2014
	Operating revenue
	Trucking revenue (1)	$	96,402		$	102,914
	Trucking intersegment eliminations		(615	)		(148	)
	Trucking operating revenue		95,787			102,766
	SCS revenue		38,671			45,252
	SCS intersegment eliminations		(1,571	)		(2,529	)
	SCS operating revenue		37,100			42,723
	Total operating revenue	$	132,887		$	145,489
		Three Months Ended
		March 31,
		2015			2014
	Operating income (loss)
	Trucking	$	615		$	(6,120	)
	SCS		2,976			5,077
	Total operating income (loss)	$	3,591		$	(1,043	)
		Three Months Ended
		March 31,
		2015			2014
	Depreciation and amortization
	Trucking	$	10,613		$	11,406
	SCS		58			49
	Total depreciation and amortization	$	10,671		$	11,455

Note_5_Assets_Held_for_sale_Ta

Note 5 - Assets Held for sale (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]		March 31,		December 31,
		2015		2014
	Revenue equipment assets held for sale	$	2,140	$	3,536

Note_6_Accrued_Expenses_Tables

Note 6 - Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]		March 31,		December 31,
		2015		2014
	Salaries, wages and employee benefits	$	6,008	$	7,043
	Federal and state tax accruals		3,186		186
	Other		978		1,023
	Total accrued expenses	$	10,172	$	8,252

Note_7_Longterm_Debt_Tables

Note 7 - Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]		March 31,			December 31,
		2015			2014
	Revolving credit agreement	$	67,500		$	71,000
	Other		562			896
	Total debt		68,062			71,896
	Less current maturities		(562	)		(896	)
	Long-term debt, less current maturities	$	67,500		$	71,000

Note_8_Leases_and_Commitments_

Note 8 - Leases and Commitments (Tables)	3 Months Ended
	Mar. 31, 2015
Leases [Abstract]
Schedule of Capital Leased Assets [Table Text Block]		Capitalized Costs		Accumulated Amortization		Net Book Value
	31-Mar-15	$	62,763	$	23,267	$	39,496
	31-Dec-14		75,188		27,770		47,418
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]		2015		2016		2017		2018		2019		Thereafter
	Capital leases	$	20,160	$	16,733	$	1,155	$	1,911	$	--	$	--
	Operating leases		4,082		3,654		3,581		2,463		10		236

Note_10_Earnings_Loss_Per_Shar1

Note 10 - Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Three Months Ended
		March 31,
		2015		2014
	Numerator:
	Net income (loss)	$	1,116	$	(1,589	)
	Denominator:
	Denominator for basic earnings (loss) per share – weighted average shares		10,395		10,339
	Effect of dilutive securities:
	Employee stock options and restricted stock		121		--
	Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversion		10,516		10,339
	Basic earnings (loss) per share	$	0.11	$	(0.15	)
	Diluted earnings (loss) per share	$	0.11	$	(0.15	)
	Weighted average anti-dilutive employee stock options and restricted stock		39		11

Note_2_Note_Receivable_Details

Note 2 - Note Receivable (Details) (USD $)	1 Months Ended	3 Months Ended
	Nov. 30, 2010	Mar. 31, 2015	Mar. 31, 2014
Receivables [Abstract]
Proceeds from Sale of Real Estate	$200,000
Notes, Loans and Financing Receivable, Gross, Noncurrent	2,100,000
Note Receivable Interest Rate	7.00%
Maturities of Note Receivable	1,900,000
Deferred Gain, Sale Of Property	700,000
Notes, Loans and Financing Receivable, Net, Current		1,900,000
Gain (Loss) on Disposition of Property Plant Equipment		$2,000	$2,000

Note_3_ShareBased_Compensation1

Note 3 - Share-Based Compensation (Details)	1 Months Ended
	Jan. 30, 2015	Mar. 31, 2015	30-May-14
Restricted Stock [Member] | 2015 LTIP [Member]
Note 3 - Share-Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Incentive Plan [Member]
Note 3 - Share-Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		396,053

Note_4_Segment_Reporting_Detai

Note 4 - Segment Reporting (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Note 4 - Segment Reporting (Details) [Line Items]
Number of Reportable Segments	2
Revenues	$132,887		$145,489
Trucking [Member] | Operating Segments [Member] | Foreign Countries [Member]
Note 4 - Segment Reporting (Details) [Line Items]
Revenues	11,800		14,800
Trucking [Member] | Operating Segments [Member]
Note 4 - Segment Reporting (Details) [Line Items]
Revenues	96,402	[1]	102,914	[1]
Trucking [Member]
Note 4 - Segment Reporting (Details) [Line Items]
Revenues	$95,787		$102,766
[1]	Includes foreign revenue of $11.8 million and $14.8 million for the three months ended March 31, 2015 and 2014, respectively.

Note_4_Segment_Reporting_Detai1

Note 4 - Segment Reporting (Details) - Segment Reporting Information, by Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Operating revenue
Revenue	$132,887		$145,489
Operating income (loss)
Operating income (loss)	3,591		-1,043
Depreciation and amortization
Depreciation and amortization	10,671		11,455
Operating Segments [Member] | Trucking [Member]
Operating revenue
Revenue	96,402	[1]	102,914	[1]
Operating income (loss)
Operating income (loss)	615		-6,120
Depreciation and amortization
Depreciation and amortization	10,613		11,406
Operating Segments [Member] | SCS [Member]
Operating revenue
Revenue	38,671		45,252
Operating income (loss)
Operating income (loss)	2,976		5,077
Depreciation and amortization
Depreciation and amortization	58		49
Intersegment Eliminations [Member] | Trucking [Member]
Operating revenue
Revenue	-615		-148
Intersegment Eliminations [Member] | SCS [Member]
Operating revenue
Revenue	-1,571		-2,529
Trucking [Member]
Operating revenue
Revenue	95,787		102,766
SCS [Member]
Operating revenue
Revenue	$37,100		$42,723
[1]	Includes foreign revenue of $11.8 million and $14.8 million for the three months ended March 31, 2015 and 2014, respectively.

Note_5_Assets_Held_for_sale_De

Note 5 - Assets Held for sale (Details) - Assets Held for Sale (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets Held for Sale [Abstract]
Revenue equipment assets held for sale	$2,140	$3,536

Note_6_Accrued_Expenses_Detail

Note 6 - Accrued Expenses (Details) - Accrued Expenses (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accrued Expenses [Abstract]
Salaries, wages and employee benefits	$6,008	$7,043
Federal and state tax accruals	3,186	186
Other	978	1,023
Total accrued expenses	$10,172	$8,252

Note_7_Longterm_Debt_Details

Note 7 - Long-term Debt (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2015	Mar. 31, 2015
Note 7 - Long-term Debt (Details) [Line Items]
Letters of Credit Outstanding, Amount (in Dollars)		$6.20
Through May 31, 2016 [Member] | Minimum [Member] | Base Rate [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Through May 31, 2016 [Member] | Maximum [Member] | Base Rate [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Through May 31, 2016 [Member] | Base Rate [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Through May 31, 2016 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
After May 31, 2016 [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
After May 31, 2016 [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Eligible Investment Grade Accounts Receivable [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Borrowing Based Treshhold, Percentage	85.00%
Eligible Investment Grade Accounts Receivable [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Borrowing Based Treshhold, Percentage	90.00%
Eligible Investment Grade Accounts Receivable [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Borrowing Based Treshhold, Percentage	85.00%
Eligible Unbilled Accounts Receivable [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Borrowing Based Treshhold, Percentage	85.00%
Eligible Revenue Equipment [Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Borrowing Based Treshhold, Percentage	85.00%
Borrowing Base before Additions (in Dollars)	10
Newly Acquired Revenue Equipment[Member] | Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Borrowing Based Treshhold, Percentage	85.00%
Revolving Credit Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	170
Line of Credit Facility, Additional Borrowing Capacity (in Dollars)	80
Line of Credit Facility Additional Borrowing Capacity, Incremental Amount (in Dollars)	20
Debt Instrument, Term	5 years
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Write off of Deferred Debt Issuance Cost (in Dollars)	0.8
Debt Instrument, Covenant, Fixed Charge Coverage Ratio	1
Minimum Excess Availability, Percentage of Maximum Revolver Amount	10.00%
Proceeds from Long-term Lines of Credit (in Dollars)		0
Debt, Weighted Average Interest Rate		1.74%
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars)		96.3
Letter of Credit Sub Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	15
Swing Line Sub Facility [Member]
Note 7 - Long-term Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$20

Note_7_Longterm_Debt_Details_L

Note 7 - Long-term Debt (Details) - Long-term Debt (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Long-term Debt, Unclassified [Abstract]
Revolving credit agreement	$67,500	$71,000
Other	562	896
Total debt	68,062	71,896
Less current maturities	-562	-896
Long-term debt, less current maturities	$67,500	$71,000

Note_8_Leases_and_Commitments_1

Note 8 - Leases and Commitments (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Note 8 - Leases and Commitments (Details) [Line Items]
Capital Lease Obligations	$38
Capital Lease Obligations, Current	19.1
Capital Leases, Income Statement, Amortization Expense	2.7	3.4
Operating Leases, Rent Expense	1.3	1.3
IT Related Hardware [Member] | Capital Lease Obligations [Member]
Note 8 - Leases and Commitments (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	3.10%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	4.50%
IT Related Hardware [Member]
Note 8 - Leases and Commitments (Details) [Line Items]
Purchase Obligation	0.1
Non-Revenue Equipment [Member]
Note 8 - Leases and Commitments (Details) [Line Items]
Purchase Obligation	0
Revenue Equipment [Member]
Note 8 - Leases and Commitments (Details) [Line Items]
Purchase Obligation	$36.70
Minimum [Member] | Capital Lease Obligations [Member]
Note 8 - Leases and Commitments (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	1.60%
Maximum [Member] | Capital Lease Obligations [Member]
Note 8 - Leases and Commitments (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	3.10%

Note_8_Leases_and_Commitments_2

Note 8 - Leases and Commitments (Details) - Capitalized Leases Included in Property and Equipment (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Capitalized Leases Included in Property and Equipment [Abstract]
Capitalized costs	$62,763	$75,188
Accumulated amortization	23,267	27,770
Net book value	$39,496	$47,418

Note_8_Leases_and_Commitments_3

Note 8 - Leases and Commitments (Details) - Future Minimum Payments under Capitalized Leases (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Future Minimum Payments under Capitalized Leases [Abstract]
Capital leases	$20,160
Capital leases	16,733
Capital leases	1,155
Capital leases	1,911
Capital leases	0
Capital leases	0
Operating leases	4,082
Operating leases	3,654
Operating leases	3,581
Operating leases	2,463
Operating leases	10
Operating leases	$236

Note_9_Income_Taxes_Details

Note 9 - Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	44.40%	27.20%
Unrecognized Tax Benefits (in Dollars)	$0

Note_10_Earnings_Loss_Per_Shar2

Note 10 - Earnings (Loss) Per Share (Details) - Computation of Basic and Diluted Loss Earnings Per Share (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Numerator:
Net income (loss) (in Dollars)	$1,116	($1,589)
Denominator:
Denominator for basic earnings (loss) per share – weighted average shares	10,395	10,339
Effect of dilutive securities:
Employee stock options and restricted stock	121	0
Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversion	10,516	10,339
Basic earnings (loss) per share (in Dollars per share)	$0.11	($0.15)
Diluted earnings (loss) per share (in Dollars per share)	$0.11	($0.15)
Weighted average anti-dilutive employee stock options and restricted stock	39	11