USA Truck (USAK) 10-Q 4 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Entity Registrant Name	USA TRUCK INC
Entity Central Index Key	883,945
Trading Symbol	usak
Current Fiscal Year End Date	--12-31
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)		10,144,208
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 2,132,000	$ 205,000
Accounts receivable, net of allowance for doubtful accounts of $974 and $1,020, respectively	56,752,000	71,186,000
Other receivables	5,268,000	5,604,000
Inventories	1,426,000	1,863,000
Assets held for sale	11,343,000	3,536,000
Deferred income taxes	6,878,000	7,707,000
Prepaid expenses and other current assets	3,883,000	5,197,000
Total current assets	87,682,000	95,298,000
Property and equipment:
Land and structures	32,360,000	31,596,000
Revenue equipment	281,706,000	348,251,000
Property and equipment	21,783,000	18,812,000
Property and equipment, at cost	335,849,000	398,659,000
Accumulated depreciation and amortization	(138,897,000)	(182,964,000)
Property and equipment, net	196,952,000	215,695,000
Other assets	1,470,000	658,000
Total assets	286,104,000	311,651,000
Current liabilities:
Accounts payable	33,582,000	23,582,000
Current portion of insurance and claims accruals	13,516,000	10,230,000
Accrued expenses	20,757,000	8,252,000
Current maturities of long-term debt and capital leases	7,231,000	24,048,000
Total current liabilities	75,086,000	66,112,000
Deferred gain	1,024,000	589,000
Long-term debt and capital leases, less current maturities	66,764,000	93,464,000
Deferred income taxes	34,013,000	42,771,000
Insurance and claims accruals, less current portion	6,322,000	9,647,000
Total liabilities	$ 183,209,000	$ 212,583,000
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 11,936,040 shares, and 11,873,071 shares, respectively	119,000	119,000
Additional paid-in capital	67,195,000	65,850,000
Retained earnings	61,934,000	54,802,000
Less treasury stock, at cost (1,578,849 shares, and 1,340,438 shares, respectively)	(26,353,000)	(21,703,000)
Total stockholders’ equity	102,895,000	99,068,000
Total liabilities and stockholders’ equity	$ 286,104,000	$ 311,651,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Allowance for doubtful accounts	$ 974	$ 1,020
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	11,936,040	11,873,071
Treasury stock (in shares)	1,578,849	1,340,438

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue:
Operating revenue	$ 123,490	$ 153,618	$ 389,950	$ 452,405
Operating expenses:
Salaries, wages and employee benefits	32,028	39,388	105,536	113,930
Fuel expense	12,960	28,449	47,195	92,156
Depreciation and amortization	8,702	10,792	29,951	33,395
Insurance and claims	5,405	6,466	17,502	18,353
Operations and maintenance	11,533	10,649	34,083	35,999
Purchased transportation	40,613	43,755	122,029	129,543
Operating taxes and licenses	1,439	1,414	4,221	4,215
Communications and utilities	989	1,026	2,732	3,159
Gain on disposal of assets, net	(3,008)	(302)	(5,766)	(824)
Restructuring Charges	2,893		2,893
Other	4,477	4,469	13,775	12,412
Total operating expenses	118,031	146,106	374,151	442,338
Operating income	5,459	7,512	15,799	10,067
Other expenses:
Interest expense, net	$ 493	816	$ 1,672	2,271
Defense costs		$ 65		$ 2,593
Loss on extinguishment of debt			$ 750
Other, net	$ 78	$ 4	650	$ 52
Total other expenses, net	571	885	3,072	4,916
Income before income taxes	4,888	6,627	12,727	5,151
Income tax expense	2,161	2,621	5,595	2,418
Net income and comprehensive income	$ 2,727	$ 4,006	$ 7,132	$ 2,733
Net income per share information:
Average shares outstanding (basic) (in shares)	10,442	10,357	10,439	10,350
Basic earnings per share (in dollars per share)	$ 0.26	$ 0.39	$ 0.68	$ 0.26
Average shares outstanding (diluted) (in shares)	10,470	10,476	10,515	10,482
Diluted earnings per share (in dollars per share)	$ 0.26	$ 0.38	$ 0.68	$ 0.26

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance (in shares) | Scenario, Previously Reported [Member]	11,873
Balance (in shares)	11,873
Balance | Scenario, Previously Reported [Member]	$ 119	$ 65,850	$ 61,082	$ (21,703)	$ 105,348
Balance | Restatement Adjustment [Member]			(6,280)		(6,280)
Balance	$ 119	65,850	54,802	(21,703)	99,068
Balance (in shares) | Scenario, Previously Reported [Member]	11,873
Balance (in shares)	11,873
Balance | Scenario, Previously Reported [Member]	$ 119	65,850	61,082	(21,703)	105,348
Balance | Restatement Adjustment [Member]			(6,280)		(6,280)
Balance	$ 119	65,850	54,802	(21,703)	99,068
Balance at December 31, 2014, recast (in shares) (Scenario, Previously Reported [Member]) at Dec. 31, 2014	11,873
Balance at December 31, 2014, recast (in shares) at Dec. 31, 2014	11,873
Balance at December 31, 2014, recast (Scenario, Previously Reported [Member]) at Dec. 31, 2014	$ 119	65,850	61,082	(21,703)	105,348
Balance at December 31, 2014, recast (Restatement Adjustment [Member])			(6,280)		(6,280)
Balance at December 31, 2014, recast at Dec. 31, 2014	$ 119	65,850	$ 54,802	$ (21,703)	99,068
Exercise of stock options (in shares)	32
Exercise of stock options		168			168
Excess tax benefit from exercise of stock options		837			837
Purchase of common stock		(52)		$ (4,650)	(4,702)
Share-based compensation		802			802
Restricted stock award grant (in shares)	131
Restricted stock award grant	$ 1	(2)			$ (1)
Forfeited restricted stock (in shares)	(84)
Forfeited restricted stock	$ (1)	1
Net share settlement related to restricted stock vesting (in shares)	(16)
Net share settlement related to restricted stock vesting		$ (409)			$ (409)
Net income and Comprehensive income			$ 7,132		7,132
Balance (in shares) at Sep. 30, 2015	11,936
Balance at Sep. 30, 2015	$ 119	$ 67,195	61,934	$ (26,353)	102,895
Balance (in shares)	11,936
Balance	$ 119	$ 67,195	$ 61,934	$ (26,353)	$ 102,895

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Accounts Payable [Member]
Supplemental disclosure of non-cash investing activities:
Purchases of revenue equipment included in accounts payable	$ 8,422,000	$ 3,635,000
Net income and Comprehensive income	7,132,000	2,733,000
Depreciation and amortization	29,951,000	33,395,000
Provision for doubtful accounts	360,000	798,000
Deferred income taxes, net	(7,931,000)	(3,625,000)
Share-based compensation	802,000	246,000
Gain on disposal of assets, net	(5,766,000)	$ (824,000)
Loss on extinguishment of debt	750,000
Change in vacation policy	(1,383,000)
Asset valuation reserve	281,000	$ (35,000)
Other	(6,000)
Accounts receivable	14,077,000	(10,066,000)
Inventories and prepaid expenses	1,132,000	(2,013,000)
Accounts payable and accrued liabilities	18,513,000	16,264,000
Insurance and claims accruals	1,248,000	1,203,000
Other long-term assets and liabilities	(374,000)
Net cash provided by operating activities	58,786,000	38,076,000
Capital expenditures	(45,000,000)	(34,577,000)
Proceeds from sale of property and equipment	31,212,000	12,882,000
Proceeds from operating sale leaseback	7,975,000
Change in other assets, net		19,000
Net cash used by investing activities	(5,813,000)	(21,676,000)
Borrowings under long-term debt	112,237,000	48,938,000
Payments on long-term debt	(132,356,000)	(49,560,000)
Payments on capitalized lease obligations	(25,658,000)	(12,840,000)
Net change in bank drafts payable	(3,422,000)	(1,860,000)
Excess tax benefit from exercise of stock options	837,000
Principal payments on note payable	(896,000)	(1,023,000)
Purchase of common stock	(4,702,000)
Proceeds from capital sale leaseback	3,156,000
Net (payments) or proceeds on stock based awards	(242,000)	18,000
Net cash used in financing activities	(51,046,000)	(16,327,000)
Increase in cash	1,927,000	73,000
Beginning of period	205,000	14,000
End of period	2,132,000	87,000
Interest	1,623,000	2,574,000
Income taxes	$ 2,996,000	$ 407,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 Certain previously reported amounts have been reclassified to conform to the current year presentation. Additionally, financial statements and notes to the financial statements previously reported in prior periods have been recast to reflect the change in accounting principle for tires. Refer to note 10 of the footnotes to the Company’s condensed consolidated financial statements for further discussion regarding the change in accounting principle.

Note 2 - Note Receivable

Note 2 - Note Receivable	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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, collateralized by the property, in the amount of $2.1 million. The note receivable bears interest at an annual rate of 7.0% 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. All principal payments have been received, except for the balloon payment due at maturity. The Company has not recorded any valuation allowance against the note receivable, which is included in other receivables in the accompanying condensed consolidated balance sheet. For the three months ended September 30, 2015 and 2014, the Company recognized approximately $2,100 and $2,000, respectively, of this gain. For the nine months ended September 30, 2015 and 2014, the Company recognized approximately $6,200 and $5,800, respectively, of this gain.

Note 3 - Share-Based Compensati

Note 3 - Share-Based Compensation	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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. As of September 30, 2015, 374,408 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 determined on a cumulative basis over a three-year performance period.

Note 4 - Repurchase of Equity S

Note 4 - Repurchase of Equity Securities	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Treasury Stock [Text Block]	NOTE 4 – REPURCHASE OF EQUITY SECURITIES In July 2015, the Company’s Board of Directors authorized the repurchase of up to 1,000,000 shares of the Company’s common stock over a three-year period ending July 28, 2018. Share repurchases, if any, will be made using a variety of methods, which may include open market purchases, privately negotiated transactions or block trades, or any combination of such methods, in accordance with applicable insider trading and other securities laws and regulations. During the quarter ended September 30, 2015, the Company, through a Rule 10b5-1 plan, repurchased a total of 245,979 shares at a weighted average price of $19.11 per share for an aggregate total cost of approximately $4.7 million. As of September 30, 2015, the repurchase authorization had approximately 0.8 million shares remaining. The specific number of shares the Company ultimately repurchases, and the actual timing and amount of share repurchases, will depend on market conditions and other factors, as well as the applicable requirements of federal securities law. In addition, the stock repurchase program may be suspended, extended or terminated by the Company at any time without prior notice, and the Company is not obligated to purchase a specific number of shares.

Note 5 - Segment Reporting

Note 5 - Segment Reporting	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 5 – SEGMENT REPORTING The Company’s two reportable segments are Trucking and Strategic Capacity Solutions (“SCS”). Truck ing Strategic Capacity 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 direct 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 Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Operating revenue Trucking revenue (1) $ 85,369 $ 108,440 $ 275,617 $ 317,664 Trucking intersegment eliminations (387 ) (122 ) (1,421 ) (434 ) Trucking operating revenue 84,982 108,318 274,196 317,230 SCS revenue 39,505 49,359 119,781 144,507 SCS intersegment eliminations (997 ) (4,059 ) (4,027 ) (9,332 ) SCS operating revenue 38,508 45,300 115,754 135,175 Total operating revenue $ 123,490 $ 153,618 $ 389,950 $ 452,405 (1) Includes foreign revenue of $10.7 million and $32.5 million for the three and nine months ended September 30, 2015, respectively, and $14.6 million and $45.0 million for the three and nine months ended September 30, 2014, respectively. All foreign revenue is paid in US dollars. A summary of operating income (loss) by segment is as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (Recast) (Recast) Operating income (loss) Trucking $ 2,460 $ 2,176 $ 6,565 $ (6,338 ) SCS 2,999 5,336 9,234 16,405 Total operating income $ 5,459 $ 7,512 $ 15,799 $ 10,067 A summary of depreciation and amortization by segment is as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (Recast) (Recast) Depreciation and amortization Trucking $ 8,608 $ 10,746 $ 29,733 $ 33,257 SCS 94 46 218 138 Total depreciation and amortization $ 8,702 $ 10,792 $ 29,951 $ 33,395

Note 6 - Assets Held for Sale

Note 6 - Assets Held for Sale	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 6 – Assets Held for sale Assets held for sale as of September 30, 2015 and December 31, 2014 were as follows (in thousands): September 30, December 31, 2015 2014 Revenue equipment assets held for sale $ 11,343 $ 3,536 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 7 - Accrued Expenses

Note 7 - Accrued Expenses	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	Note 7 – Accrued Expenses Accrued expenses consisted of the following (in thousands): September 30, December 31, 2015 2014 Salaries, wages and employee benefits $ 5,689 $ 7,043 Federal and state tax accruals 11,575 186 Restructuring, severance and related charges (1) 2,089 -- Other (2) 1,404 1,023 Total accrued expenses $ 20,757 $ 8,252 (1) Refer to note 15 of the footnotes to the Company’s condensed consolidated financial statements for additional information regarding the restructuring, severance and related charges. (2) As of September 30, 2015 and December 31, 2014, no single item included within other accrued expenses exceeded 5.0% of our total current liabilities.

Note 8 - Long-term Debt

Note 8 - Long-term Debt	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Long-term Debt [Text Block]	Note 8 – LONG-TERM DEBT Long-term debt consisted of the following (in thousands): September 30, December 31, 2015 2014 Revolving credit agreement $ 51,000 $ 71,000 Other -- 896 Total debt 51,000 71,896 Less current maturities -- (896 ) Long-term debt, less current maturities $ 51,000 $ 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 unamortized deferred financing fees. 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 as of September 30, 2015. The average interest rate including all borrowings made under the Credit Facility as of September 30, 2015 was 1.74%. As debt is repriced on a monthly basis, the borrowings under the Credit Facility approximate fair value. As of September 30, 2015, the Company had outstanding $4.3 million in letters of credit and had approximately $114.7 million available under the Credit Facility.

Note 9 - Leases and Commitments

Note 9 - Leases and Commitments	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	Note 9 – LEASES AND Commitments CAPITAL LEASES USA Truck leases certain equipment under capital leases with terms ranging from 15 to 60 months. Capitalized Costs Accumulated Amortization Net Book Value September 30, 2015 $ 35,784 $ 11,417 $ 24,367 December 31, 2014 75,188 27,770 47,418 The Company has capitalized lease obligations relating to revenue equipment of $23.0 million, of which $7.2 million represents the current portion. Such leases have various termination dates extending through September 2019 and contain renewal or fixed price purchase options. The effective interest rates on the leases range from 1.88% to 3.11% as of September 30, 2015. The lease agreements require payment of property taxes, maintenance and operating expenses. Amortization of capital leases was $1.8 million and $7.0 million for the three and nine months ended September 30, 2015, respectively, and $3.1 million and $9.7 million for the three and nine months ended September 30, 2014, respectively. During September 2015, the Company completed a sale-leaseback transaction under which it sold certain owned tractors to an unrelated party for net proceeds of $3.1 million and entered into a 48 month capital lease agreement with the buyer. At September 30, 2015, the Company recorded a liability of approximately $0.1 million representing the total gain on the sale and will amortize such amount to earnings ratably over the lease term. The deferred gain is included in the deferred gain line item on the accompanying condensed consolidated balance sheet OPERATING LEASES Rent expense associated with operating leases was $1.7 million and $4.5 million for the three and nine months ended September 30, 2015, respectively, and $1.4 million and $3.9 million for the three and nine months ended September 30, 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. As of September 30, 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. In August 2015, the Company completed two sale-leaseback transactions under which it sold certain owned tractors to an unrelated party for net proceeds of $8.0 million and entered into two operating leases with terms of 58 and 59 months, respectively, with the buyer. During September 2015, the Company recorded a liability of approximately $0.3 million representing the total gain on the sale and will amortize such amount to earnings ratably over the lease term. The deferred gain is included on the deferred gain line item in the accompanying condensed consolidated balance sheet. As of September 2015 2016 2017 2018 2019 Thereafter Capital leases $ 7,707 $ 11,466 $ 2,669 $ 1,872 $ -- $ -- Operating leases 6,206 5,991 5,827 3,168 1,950 2,361 OTHER COMMITMENTS As of September 30, 2015, the Company had commitments of approximately $0.03 million for purchases of non-revenue equipment and commitments of approximately $22.3 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 10 - Change in Accounting

Note 10 - Change in Accounting Principle	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Accounting Changes [Text Block]	NOTE 10 – CHANGE IN ACCOUNTING PRINCIPLE During the third quarter of 2015, the Company changed its accounting policy for tires. Prior to this change, the cost of the replacement tires placed in service was reported as prepaid tires and amortized based on estimated usage of the tires. Under the new policy, the cost of tires mounted on purchased revenue equipment is capitalized as part of the total equipment cost and is depreciated over the useful life of the related equipment. Subsequent replacement tires are expensed at the time those tires are placed in service. Management believes this new policy is preferable under the circumstances because it provides a more precise method for recognizing expenses related to tires consistent with industry practice. Comparative financial statements for all prior periods have been recast to apply the new policy retrospectively, and are reflected under columns marked “Recast”. The following tables present the line items on the statements of operations, balance sheets and statements of cash flows that were impacted by the accounting change at December 31, 2014, and for the three and nine month periods ended September 30, 2014 (in thousands, except per share amounts). December 31, 2014 Prior to Change in Accounting Principle Effect of Change Recast Balance Sheet: Prepaid expenses and other current assets $ 17,318 $ (12,121 ) $ 5,197 Deferred income taxes 46,688 (3,917 ) 42,771 Property and equipment 16,648 2,164 18,812 Accumulated depreciation and amortization (182,724 ) (240 ) (182,964 ) Retained earnings 61,082 (6,280 ) 54,802 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Statement of Operations: Operations and maintenance $ 12,863 $ (2,214 ) $ 10,649 $ 37,554 $ (1,555 ) $ 35,999 Depreciation and amortization 10,671 121 10,792 33,274 121 33,395 Operating income 5,419 2,093 7,512 8,633 1,434 10,067 Income before income taxes 4,534 2,093 6,627 3,717 1,434 5,151 Income tax expense 1,817 804 2,621 1,867 551 2,418 Net income and Comprehensive income 2,717 1,289 4,006 1,850 883 2,733 Average shares outstanding (basic) 10,357 -- -- 10,350 -- -- Basic earnings per share 0.26 0.13 0.39 0.18 0.09 0.26 Average shares outstanding (diluted) 10,476 -- -- 10,482 -- -- Diluted earnings per share 0.26 0.12 0.38 0.18 0.08 0.26 September 30, 2014 Prior to Change in Accounting Principle Effect of Change Recast Cash Flow: Net income $ 1,850 $ 883 $ 2,733 Depreciation and amortization 33,274 121 33,395 Deferred income taxes (4,176 ) 551 (3,625 ) Inventories, prepaid expenses and other current assets (458 ) (1,555 ) (2,013 ) The following is a summary of the adjusted quarterly results of operations through September 30, 2015 (amounts in thousands). Three Months Ended March 31, 2015 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Operations and maintenance $ 12,140 $ (1,066 ) $ 11,074 $ 12,176 $ (700 ) $ 11,476 $ 24,316 $ (1,766 ) $ 22,550 Depreciation and amortization 10,671 131 10,802 10,277 170 10,447 20,948 301 21,249 Operating income 3,591 935 4,526 5,284 530 5,814 8,875 1,465 10,340 Income before income taxes 2,009 935 2,944 4,365 530 4,895 6,374 1,465 7,839 Income tax expense 893 416 1,309 1,905 220 2,125 2,798 636 3,434 Net income and Comprehensive income 1,116 519 1,635 2,460 310 2,770 3,576 829 4,405 Average shares outstanding (basic) 10,395 -- -- 10,435 -- -- 10,423 -- -- Basic earnings per share 0.11 0.05 0.16 0.24 0.03 0.27 0.34 0.08 0.42 Average shares outstanding (diluted) 10,516 -- -- 10,516 -- -- 10,524 -- -- Diluted earnings per share 0.11 0.05 0.16 0.23 0.03 0.26 0.34 0.08 0.42 Three Months Ended March 31, 2014 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Operations and maintenance $ 13,062 $ 9 $ 13,071 $ 11,629 $ 650 $ 12,279 $ 24,691 $ 659 $ 25,350 Operating income (loss) (1,043 ) (9 ) (1,052 ) 4,257 (650 ) 3,607 3,214 (659 ) 2,555 Income (loss) before income taxes (2,183 ) (9 ) (2,192 ) 1,366 (650 ) 716 (817 ) (659 ) (1,476 ) Income tax expense (benefit) (594 ) (3 ) (597 ) 644 (250 ) 394 50 (253 ) (203 ) Net income (loss) and Comprehensive income (loss) (1,589 ) (6 ) (1,595 ) 722 (400 ) 322 (867 ) (406 ) (1,273 ) Average shares outstanding (basic) 10,339 -- -- 10,346 -- -- 10,343 -- -- Basic earnings (loss) per share (0.15 ) 0.00 (0.15 ) 0.07 (0.04 ) 0.03 (0.08 ) (0.04 ) (0.12 ) Average shares outstanding (diluted) 10,399 -- -- 10,478 -- -- 10,343 -- -- Diluted earnings (loss) per share (0.15 ) 0.00 (0.15 ) 0.07 (0.04 ) 0.03 (0.08 ) (0.04 ) (0.12 ) Under ASC 205-45-5, “Accounting Changes and Error Corrections,” the Company is required to report a change in accounting principle by retrospectively applying the new principle to all prior periods presented, unless it is impractical to determine the prior-period effect. Accordingly, the Company has adjusted previously reported financial information for all periods presented.

Note 11 - Income Taxes

Note 11 - Income Taxes	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 11 – INCOME tAXES During the three months ended September 30, 2015 and 2014, the Company’s effective tax rates were 44.2% and 39.6%, respectively. During the nine months ended September 30, 2015 and 2014, the Company’s effective tax rates were 44.0% and 46.9%, 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, 2013 and 2014 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 September 30, 2015.

Note 12 - Earnings Per Share

Note 12 - Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 12 – EARNINGS Per Share Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings 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 per share does not assume conversion, exercise, or contingent issuance of securities that would have an antidilutive effect on income per share. The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (Recast) (Recast) Numerator: Net income $ 2,727 $ 4,006 $ 7,132 $ 2,733 Denominator: Denominator for basic earnings per share – weighted average shares 10,442 10,357 10,439 10,350 Effect of dilutive securities: Employee stock options and restricted stock 28 119 76 132 Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion 10,470 10,476 10,515 10,482 Basic earnings per share $ 0.26 $ 0.39 $ 0.68 $ 0.26 Diluted earnings per share $ 0.26 $ 0.38 $ 0.68 $ 0.26 Weighted average anti-dilutive employee stock options and restricted stock 59 2 69 4

Note 13 - Legal Proceedings

Note 13 - Legal Proceedings	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	NOTE 13 – 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 14 - New Accounting Pronou

Note 14 - New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 14 – NEW ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers

Note 15 - Restructuring, Severa

Note 15 - Restructuring, Severance and Related Charges	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 15 – RESTRUCTURING, SEVERANCE AND RELATED CHARGES During the quarter ended September 30, 2015, the Company recognized approximately $2.9 million (pretax) in restructuring, severance and related charges relating to the termination of employment of certain executives and the planned closure of two maintenance facilities. During the quarter ended September 30, 2015, the Company took steps to streamline and simplify its operations to better align the Company's cost structure and better serve its customers. In the Company's truckload segment, the Company announced a plan to close its maintenance facilities in Denton, Texas and Carlisle, Pennsylvania during the third quarter of 2015. Additionally, the Company has committed to a plan to outsource its road assistance function to a third party during the fourth quarter of 2015. These closures and outsourcing initiative are expected to improve operating productivity and enhance capacity utilization. These initiatives impacted a total headcount of 50 team members. Team members separated or to be separated from the Company as a result of these streamlining initiatives were offered severance. The expenses recorded during the quarter ended September 30, 2015, included costs related to severance; contract termination; development, communication and administration of these initiatives; and asset write-offs. The Company has incurred total pretax expenses of approximately $1.6 million related to these streamlining initiatives, which were recorded in the line item “Restructuring, severance and related charges” in the accompanying condensed consolidated statements of income. In July 2015, the Company entered into a separation agreement (the “Separation Agreement”) with Mr. John M. Simone regarding the conclusion of Mr. Simone’s tenure as the Company’s President, Chief Executive Officer, and Director. Pursuant to the Separation Agreement: (i) Mr. Simone's separation was effective July 7, 2015 (the "Separation Date"), (ii) Mr. Simone will receive severance pay equal to his base salary as of the Separation Date ($460,000 per year) for a period of twelve months following the Separation Date, (iii) Mr. Simone will receive, to the extent earned, any bonus he would have been entitled to receive under the Company's 2015 Management Bonus Plan, payable at the time and on the same basis as paid to recipients still employed by the Company, pro-rated for the number of days Mr. Simone was employed by the Company in 2015 through the Separation Date, (iv) the Company will pay the actual amount of Mr. Simone's COBRA continuation payments for a period of eighteen months following the Separation Date, (v) Mr. Simone was compensated for any vacation time and paid time off accrued but not used through the Separation Date, (vi) Mr. Simone will be reimbursed for certain expenses associated with the conclusion of his employment with the Company, up to a total of $10,000, and (vii) the following outstanding equity awards held by Mr. Simone will vest as of the Separation Date: (a) 18,750 shares of restricted stock of the Company scheduled to vest on February 18, 2016 and (b) 10,727 nonqualified stock options of the Company scheduled to vest on February 18, 2016. During the quarter ended September 30, 2015, the Company recognized severance costs associated with Mr. Simone’s departure of approximately $1.3 million, which were recorded in the line item “Restructuring, severance and related charges” in the Company’s condensed consolidated statements of income. The following table summarizes the Company’s restructuring liability and cash payments made related to the restructuring plan as of September 30, 2015 (in thousands): Costs Incurred Payments Non-cash Expenses Accrued Balance Severance pay and benefits (1) $ 2,160 $ (266 ) $ (538 ) $ 1,356 Facility closing expenses 733 -- -- 733 Total $ 2,893 $ (266 ) $ (538 ) $ 2,089 (1) Includes amounts payable to Mr. Simone pursuant to the Separation Agreement.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	In the opinion of the management of USA Truck, Inc., the accompanying unaudited condensed Certain previously reported amounts have been reclassified to conform to the current year presentation. Additionally, financial statements and notes to the financial statements previously reported in prior periods have been recast to reflect the change in accounting principle for tires. Refer to note 10 of the footnotes to the Company’s condensed consolidated financial statements for further discussion regarding the change in accounting principle.
Accounting Changes [Policy Text Block]	During the third quarter of 2015, the Company changed its accounting policy for tires. Prior to this change, the cost of the replacement tires placed in service was reported as prepaid tires and amortized based on estimated usage of the tires. Under the new policy, the cost of tires mounted on purchased revenue equipment is capitalized as part of the total equipment cost and is depreciated over the useful life of the related equipment. Subsequent replacement tires are expensed at the time those tires are placed in service. Management believes this new policy is preferable under the circumstances because it provides a more precise method for recognizing expenses related to tires consistent with industry practice. Comparative financial statements for all prior periods have been adjusted (recast) to apply the new policy retrospectively, and are reflected under columns marked “Recast”.
New Accounting Pronouncements, Policy [Policy Text Block]	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers

Note 5 - Segment Reporting (Tab

Note 5 - Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Operating revenue Trucking revenue (1) $ 85,369 $ 108,440 $ 275,617 $ 317,664 Trucking intersegment eliminations (387 ) (122 ) (1,421 ) (434 ) Trucking operating revenue 84,982 108,318 274,196 317,230 SCS revenue 39,505 49,359 119,781 144,507 SCS intersegment eliminations (997 ) (4,059 ) (4,027 ) (9,332 ) SCS operating revenue 38,508 45,300 115,754 135,175 Total operating revenue $ 123,490 $ 153,618 $ 389,950 $ 452,405 Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (Recast) (Recast) Operating income (loss) Trucking $ 2,460 $ 2,176 $ 6,565 $ (6,338 ) SCS 2,999 5,336 9,234 16,405 Total operating income $ 5,459 $ 7,512 $ 15,799 $ 10,067 Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (Recast) (Recast) Depreciation and amortization Trucking $ 8,608 $ 10,746 $ 29,733 $ 33,257 SCS 94 46 218 138 Total depreciation and amortization $ 8,702 $ 10,792 $ 29,951 $ 33,395

Note 6 - Assets Held for Sale (

Note 6 - Assets Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	September 30, December 31, 2015 2014 Revenue equipment assets held for sale $ 11,343 $ 3,536

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, December 31, 2015 2014 Salaries, wages and employee benefits $ 5,689 $ 7,043 Federal and state tax accruals 11,575 186 Restructuring, severance and related charges (1) 2,089 -- Other (2) 1,404 1,023 Total accrued expenses $ 20,757 $ 8,252

Note 8 - Long-term Debt (Tables

Note 8 - Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, December 31, 2015 2014 Revolving credit agreement $ 51,000 $ 71,000 Other -- 896 Total debt 51,000 71,896 Less current maturities -- (896 ) Long-term debt, less current maturities $ 51,000 $ 71,000

Note 9 - Leases and Commitmen27

Note 9 - Leases and Commitments (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Capital Leased Assets [Table Text Block]	Capitalized Costs Accumulated Amortization Net Book Value September 30, 2015 $ 35,784 $ 11,417 $ 24,367 December 31, 2014 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 $ 7,707 $ 11,466 $ 2,669 $ 1,872 $ -- $ -- Operating leases 6,206 5,991 5,827 3,168 1,950 2,361

Note 10 - Change in Accountin28

Note 10 - Change in Accounting Principle (Tables)	9 Months Ended
	Sep. 30, 2015
Cash Flow [Member]
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	September 30, 2014 Prior to Change in Accounting Principle Effect of Change Recast Cash Flow: Net income $ 1,850 $ 883 $ 2,733 Depreciation and amortization 33,274 121 33,395 Deferred income taxes (4,176 ) 551 (3,625 ) Inventories, prepaid expenses and other current assets (458 ) (1,555 ) (2,013 )
Statement of Operations [Member]
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Statement of Operations: Operations and maintenance $ 12,863 $ (2,214 ) $ 10,649 $ 37,554 $ (1,555 ) $ 35,999 Depreciation and amortization 10,671 121 10,792 33,274 121 33,395 Operating income 5,419 2,093 7,512 8,633 1,434 10,067 Income before income taxes 4,534 2,093 6,627 3,717 1,434 5,151 Income tax expense 1,817 804 2,621 1,867 551 2,418 Net income and Comprehensive income 2,717 1,289 4,006 1,850 883 2,733 Average shares outstanding (basic) 10,357 -- -- 10,350 -- -- Basic earnings per share 0.26 0.13 0.39 0.18 0.09 0.26 Average shares outstanding (diluted) 10,476 -- -- 10,482 -- -- Diluted earnings per share 0.26 0.12 0.38 0.18 0.08 0.26 Three Months Ended March 31, 2015 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Operations and maintenance $ 12,140 $ (1,066 ) $ 11,074 $ 12,176 $ (700 ) $ 11,476 $ 24,316 $ (1,766 ) $ 22,550 Depreciation and amortization 10,671 131 10,802 10,277 170 10,447 20,948 301 21,249 Operating income 3,591 935 4,526 5,284 530 5,814 8,875 1,465 10,340 Income before income taxes 2,009 935 2,944 4,365 530 4,895 6,374 1,465 7,839 Income tax expense 893 416 1,309 1,905 220 2,125 2,798 636 3,434 Net income and Comprehensive income 1,116 519 1,635 2,460 310 2,770 3,576 829 4,405 Average shares outstanding (basic) 10,395 -- -- 10,435 -- -- 10,423 -- -- Basic earnings per share 0.11 0.05 0.16 0.24 0.03 0.27 0.34 0.08 0.42 Average shares outstanding (diluted) 10,516 -- -- 10,516 -- -- 10,524 -- -- Diluted earnings per share 0.11 0.05 0.16 0.23 0.03 0.26 0.34 0.08 0.42 Three Months Ended March 31, 2014 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Prior to Change in Accounting Principle Effect of Change Recast Operations and maintenance $ 13,062 $ 9 $ 13,071 $ 11,629 $ 650 $ 12,279 $ 24,691 $ 659 $ 25,350 Operating income (loss) (1,043 ) (9 ) (1,052 ) 4,257 (650 ) 3,607 3,214 (659 ) 2,555 Income (loss) before income taxes (2,183 ) (9 ) (2,192 ) 1,366 (650 ) 716 (817 ) (659 ) (1,476 ) Income tax expense (benefit) (594 ) (3 ) (597 ) 644 (250 ) 394 50 (253 ) (203 ) Net income (loss) and Comprehensive income (loss) (1,589 ) (6 ) (1,595 ) 722 (400 ) 322 (867 ) (406 ) (1,273 ) Average shares outstanding (basic) 10,339 -- -- 10,346 -- -- 10,343 -- -- Basic earnings (loss) per share (0.15 ) 0.00 (0.15 ) 0.07 (0.04 ) 0.03 (0.08 ) (0.04 ) (0.12 ) Average shares outstanding (diluted) 10,399 -- -- 10,478 -- -- 10,343 -- -- Diluted earnings (loss) per share (0.15 ) 0.00 (0.15 ) 0.07 (0.04 ) 0.03 (0.08 ) (0.04 ) (0.12 )
Balance Sheet [Member]
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	December 31, 2014 Prior to Change in Accounting Principle Effect of Change Recast Balance Sheet: Prepaid expenses and other current assets $ 17,318 $ (12,121 ) $ 5,197 Deferred income taxes 46,688 (3,917 ) 42,771 Property and equipment 16,648 2,164 18,812 Accumulated depreciation and amortization (182,724 ) (240 ) (182,964 ) Retained earnings 61,082 (6,280 ) 54,802

Note 12 - Earnings Per Share (T

Note 12 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (Recast) (Recast) Numerator: Net income $ 2,727 $ 4,006 $ 7,132 $ 2,733 Denominator: Denominator for basic earnings per share – weighted average shares 10,442 10,357 10,439 10,350 Effect of dilutive securities: Employee stock options and restricted stock 28 119 76 132 Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion 10,470 10,476 10,515 10,482 Basic earnings per share $ 0.26 $ 0.39 $ 0.68 $ 0.26 Diluted earnings per share $ 0.26 $ 0.38 $ 0.68 $ 0.26 Weighted average anti-dilutive employee stock options and restricted stock 59 2 69 4

Note 15 - Restructuring, Seve30

Note 15 - Restructuring, Severance and Related Charges (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Restructuring and Related Costs [Table Text Block]	Costs Incurred Payments Non-cash Expenses Accrued Balance Severance pay and benefits (1) $ 2,160 $ (266 ) $ (538 ) $ 1,356 Facility closing expenses 733 -- -- 733 Total $ 2,893 $ (266 ) $ (538 ) $ 2,089

Note 2 - Note Receivable (Detai

Note 2 - Note Receivable (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 30, 2010	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
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
Gain (Loss) on Disposition of Property Plant Equipment		$ 2,100	$ 2,000	$ 6,200	$ 5,800

Note 3 - Share-Based Compensa32

Note 3 - Share-Based Compensation (Details Textual) - shares	1 Months Ended
	Jan. 30, 2015	Sep. 30, 2015	May. 30, 2014
Incentive Plan [Member]
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		374,408
Long-term Incentive Plan 2015 [Member] | Restricted Stock [Member]
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

Note 4 - Repurchase of Equity33

Note 4 - Repurchase of Equity Securities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Sep. 30, 2015	Sep. 30, 2015
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	1,000,000
Stock Repurchase Program, Period in Force	3 years
Treasury Stock, Shares, Acquired		245,979
Treasury Stock Acquired, Average Cost Per Share		$ 19.11
Treasury Stock, Value, Acquired, Cost Method		$ 4,700	$ 4,702
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased		800,000	800,000

Note 5 - Segment Reporting (Det

Note 5 - Segment Reporting (Details Textual) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Operating Segments [Member] | Trucking [Member] | Foreign Countries [Member]
Revenues		$ 10,700	$ 14,600	$ 32,500	$ 45,000
Operating Segments [Member] | Trucking [Member]
Revenues	[1]	85,369	108,440	275,617	317,664
Trucking [Member]
Revenues		84,982	108,318	$ 274,196	317,230
Number of Reportable Segments				2
Revenues		$ 123,490	$ 153,618	$ 389,950	$ 452,405
[1]	Includes foreign revenue of $10.7 million and $32.5 million for the three and nine months ended September 30, 2015, respectively, and $14.6 million and $45.0 million for the three and nine months ended September 30, 2014, respectively. All foreign revenue is paid in US dollars.

Note 5 - Segment Reporting - Se

Note 5 - Segment Reporting - Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Trucking [Member] | Operating Segments [Member]
Revenues	[1]	$ 85,369	$ 108,440	$ 275,617	$ 317,664
Operating income (loss)		2,460	2,176	6,565	(6,338)
Depreciation and amortization		8,608	10,746	29,733	33,257
Trucking [Member] | Intersegment Eliminations [Member]
Revenues		(387)	(122)	(1,421)	(434)
Trucking [Member]
Revenues		84,982	108,318	274,196	317,230
S C S [Member] | Operating Segments [Member]
Revenues		39,505	49,359	119,781	144,507
Operating income (loss)		2,999	5,336	9,234	16,405
Depreciation and amortization		94	46	218	138
S C S [Member] | Intersegment Eliminations [Member]
Revenues		(997)	(4,059)	(4,027)	(9,332)
S C S [Member]
Revenues		38,508	45,300	115,754	135,175
Revenues		123,490	153,618	389,950	452,405
Operating income (loss)		5,459	7,512	15,799	10,067
Depreciation and amortization		$ 8,702	$ 10,792	$ 29,951	$ 33,395
[1]	Includes foreign revenue of $10.7 million and $32.5 million for the three and nine months ended September 30, 2015, respectively, and $14.6 million and $45.0 million for the three and nine months ended September 30, 2014, respectively. All foreign revenue is paid in US dollars.

Note 6 - Assets Held for Sale -

Note 6 - Assets Held for Sale - Assets Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Revenue equipment assets held for sale	$ 11,343	$ 3,536

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($)		Sep. 30, 2015	Sep. 30, 2014
Salaries, wages and employee benefits		$ 5,689,000	$ 7,043,000
Federal and state tax accruals		11,575,000	$ 186,000
Severance pay and benefits (1)	[1]	2,089,000
Other (2)	[2]	1,404,000	$ 1,023,000
Total accrued expenses		$ 20,757,000	$ 8,252,000
[1]	Refer to note 15 of the footnotes to the Company’s condensed consolidated financial statements for additional information regarding the restructuring, severance and related charges.
[2]	As of September 30, 2015 and December 31, 2014, no single item included within other accrued expenses exceeded 5.0% of our total current liabilities.

Note 8 - Long-term Debt (Detail

Note 8 - Long-term Debt (Details Textual) - USD ($) $ in Millions	1 Months Ended
	Feb. 28, 2015	Sep. 30, 2015
Revolving Credit Facility [Member] | Base Rate [Member] | Through May 31, 2016 [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Revolving Credit Facility [Member] | Base Rate [Member] | Through May 31, 2016 [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Revolving Credit Facility [Member] | Base Rate [Member] | Through May 31, 2016 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Through May 31, 2016 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | After May 31, 2016 [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | After May 31, 2016 [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Revolving Credit Facility [Member] | Eligible Investment Grade Accounts Receivable [Member] | Minimum [Member]
Borrowing Based Treshhold, Percentage	85.00%
Revolving Credit Facility [Member] | Eligible Investment Grade Accounts Receivable [Member] | Maximum [Member]
Borrowing Based Treshhold, Percentage	90.00%
Revolving Credit Facility [Member] | Eligible Investment Grade Accounts Receivable [Member]
Borrowing Based Treshhold, Percentage	85.00%
Revolving Credit Facility [Member] | Eligible Unbilled Accounts Receivable [Member]
Borrowing Based Treshhold, Percentage	85.00%
Revolving Credit Facility [Member] | Eligible Revenue Equipment [Member]
Borrowing Based Treshhold, Percentage	85.00%
Borrowing Base Before Additions	$ 10
Revolving Credit Facility [Member] | Newly Acquired Revenue Equipment [Member]
Borrowing Based Treshhold, Percentage	85.00%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 170
Line Of Credit Facility Additional Borrowing Capacity	80
Line of Credit Facility, Additional Borrowing Capacity, Incremental Amount	$ 20
Debt Instrument, Term	5 years
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Write off of Deferred Debt Issuance Cost	$ 0.8
Debt Instrument, Covenant, Fixed Charge Coverage Ratio	1
Minimum Excess Availability Percentage of Maximum Revolver Amount	10.00%
Debt, Weighted Average Interest Rate		1.74%
Line of Credit Facility, Remaining Borrowing Capacity		$ 114.7
Letter of Credit Sub Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 15
Swing Line Sub Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 20
Letters of Credit Outstanding, Amount		$ 4.3

Note 8 - Long-term Debt - Long-

Note 8 - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Revolving credit agreement	$ 51,000	$ 71,000
Other		896
Total debt	51,000	71,896
Less current maturities		(896)
Long-term debt, less current maturities	$ 51,000	$ 71,000

Note 9 - Leases and Commitmen40

Note 9 - Leases and Commitments (Details Textual) $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Aug. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Capital Lease Obligations [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage	1.88%		1.88%		1.88%
Capital Lease Obligations [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Effective Percentage	3.11%		3.11%		3.11%
Financing Activities [Member]
Sale Leaseback Transaction, Deferred Gain, Net	$ 100		$ 100		$ 100
Sales Leaseback Transaction, Investing Activities #1 [Member]
Lessee Leasing Arrangements, Operating Leases, Term of Contract		4 years 300 days
Sales Leaseback Transaction, Investing Activities #2 [Member]
Lessee Leasing Arrangements, Operating Leases, Term of Contract		4 years 330 days
Investing Activities [Member]
Sale Leaseback Transaction, Deferred Gain, Net	300		300		300
Non-Revenue Equipment [Member]
Purchase Obligation	30		30		30
Revenue Equipment [Member]
Purchase Obligation	22,300		22,300		22,300
Capital Lease Obligations	23,000		23,000		23,000
Capital Lease Obligations, Current	7,200		7,200		7,200
Capital Leases, Income Statement, Amortization Expense			1,800	$ 3,100	7,000	$ 9,700
Sale Leaseback Transaction, Net Proceeds, Financing Activities	$ 3,100				3,156
Capital Lease Agreement, Term of Contract	4 years
Operating Leases, Rent Expense			$ 1,700	$ 1,400	4,500	$ 3,900
Number of Sales Leaseback Transactions, Investing Activities, Current		2
Sale Leaseback Transaction, Net Proceeds, Investing Activities		$ 8,000			$ 7,975
Number of Operating Leases, Current		2

Note 9 - Leases and Commitmen41

Note 9 - Leases and Commitments - Capitalized Leases Included In Property And Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Capitalized Costs	$ 35,784	$ 75,188
Accumulated Amortization	11,417	27,770
Net Book Value	$ 24,367	$ 47,418

Note 9 - Leases and Commitmen42

Note 9 - Leases and Commitments - Future Minimum Payments Under Capitalized Leases (Details)	Sep. 30, 2015USD ($)
Capital leases	$ 7,707,000
Capital leases	11,466,000
Capital leases	2,669,000
Capital leases	1,872,000
Capital leases	0
Capital leases	0
Operating leases	6,206,000
Operating leases	5,991,000
Operating leases	5,827,000
Operating leases	3,168,000
Operating leases	1,950,000
Operating leases	$ 2,361,000

Note 10 - Change In Accountin43

Note 10 - Change In Accounting Principle - Balance Sheet (Details)	Dec. 31, 2014USD ($)
Scenario, Previously Reported [Member]
Statement of Financial Position [Abstract]
Prepaid expenses and other current assets	$ 17,318,000
Deferred income taxes	46,688,000
Property and equipment	16,648,000
Accumulated depreciation and amortization	(182,724,000)
Retained earnings	61,082,000
Restatement Adjustment [Member]
Statement of Financial Position [Abstract]
Prepaid expenses and other current assets	(12,121,000)
Deferred income taxes	(3,917,000)
Property and equipment	2,164,000
Accumulated depreciation and amortization	(240,000)
Retained earnings	(6,280,000)
Prepaid expenses and other current assets	5,197,000
Deferred income taxes	42,771,000
Property and equipment	18,812,000
Accumulated depreciation and amortization	(182,964,000)
Retained earnings	$ 54,802,000

Note 10 - Change In Accountin44

Note 10 - Change In Accounting Principle - Statement of Operations (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended					6 Months Ended		9 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Scenario, Previously Reported [Member]
Statement of Operations:
Operations and maintenance	$ 12,176	$ 12,140	$ 12,863	$ 11,629	$ 13,062	$ 24,316	$ 24,691	$ 37,554
Depreciation and amortization	10,277	10,671	10,671			20,948		33,274
Operating income	5,284	3,591	5,419	4,257	(1,043)	8,875	3,214	8,633
Income before income taxes	4,365	2,009	4,534	1,366	(2,183)	6,374	(817)	3,717
Income tax expense	1,905	893	1,817	644	(594)	2,798	50	1,867
Net income and Comprehensive income	$ 2,460	$ 1,116	$ 2,717	$ 722	$ (1,589)	$ 3,576	$ (867)	$ 1,850
Average shares outstanding (basic) (in shares)	10,435	10,395	10,357	10,346	10,339	10,423	10,343	10,350
Basic earnings per share (in dollars per share)	$ 0.24	$ 0.11	$ 0.26	$ 0.07	$ (0.15)	$ 0.34	$ (0.08)	$ 0.18
Average shares outstanding (diluted) (in shares)	10,516	10,516	10,476	10,478	10,399	10,524	10,343	10,482
Diluted earnings per share (in dollars per share)	$ 0.23	$ 0.11	$ 0.26	$ 0.07	$ (0.15)	$ 0.34	$ (0.08)	$ 0.18
Restatement Adjustment [Member]
Statement of Operations:
Operations and maintenance	$ (700)	$ (1,066)	$ (2,214)	$ 650	$ 9	$ (1,766)	$ 659	$ (1,555)
Depreciation and amortization	170	131	121			301		121
Operating income	530	935	2,093	(650)	(9)	1,465	(659)	1,434
Income before income taxes	530	935	2,093	(650)	(9)	1,465	(659)	1,434
Income tax expense	220	416	804	(250)	(3)	636	(253)	551
Net income and Comprehensive income	$ 310	$ 519	$ 1,289	$ (400)	$ (6)	$ 829	$ (406)	$ 883
Basic earnings per share (in dollars per share)	$ 0.03	$ 0.05	$ 0.13	$ (0.04)	$ 0	$ 0.08	$ (0.04)	$ 0.09
Diluted earnings per share (in dollars per share)	$ 0.03	$ 0.05	$ 0.12	$ (0.04)	$ 0	$ 0.08	$ (0.04)	$ 0.08
Operations and maintenance	$ 11,476	$ 11,074	$ 10,649	$ 12,279	$ 13,071	$ 22,550	$ 25,350	$ 35,999
Depreciation and amortization	10,447	10,802	10,792			21,249		33,395
Operating income	5,814	4,526	7,512	3,607	(1,052)	10,340	2,555	10,067
Income before income taxes	4,895	2,944	6,627	716	(2,192)	7,839	(1,476)	5,151
Income tax expense	2,125	1,309	2,621	394	(597)	3,434	(203)	2,418
Net income and Comprehensive income	$ 2,770	$ 1,635	$ 4,006	$ 322	$ (1,595)	$ 4,405	$ (1,273)	$ 2,733
Average shares outstanding (basic) (in shares)			10,357					10,350
Basic earnings per share (in dollars per share)	$ 0.27	$ 0.16	$ 0.39	$ 0.03	$ (0.15)	$ 0.42	$ (0.12)	$ 0.26
Average shares outstanding (diluted) (in shares)			10,476					10,482
Diluted earnings per share (in dollars per share)	$ 0.26	$ 0.16	$ 0.38	$ 0.03	$ (0.15)	$ 0.42	$ (0.12)	$ 0.26

Note 10 - Change In Accountin45

Note 10 - Change In Accounting Principle - Cash Flow (Details) $ in Thousands	Sep. 30, 2014USD ($)
Scenario, Previously Reported [Member]
Cash Flow:
Net income and Comprehensive income	$ 1,850
Depreciation and amortization	33,274
Deferred income taxes	(4,176)
Inventories, prepaid expenses and other current assets	(458)
Restatement Adjustment [Member]
Cash Flow:
Net income and Comprehensive income	883
Depreciation and amortization	121
Deferred income taxes	551
Inventories, prepaid expenses and other current assets	$ (1,555)

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Unrecognized Tax Benefits	$ 0		$ 0
Effective Income Tax Rate Reconciliation, Percent	44.20%	39.60%	44.00%	46.90%

Note 12 - Earnings (Loss) Per S

Note 12 - Earnings (Loss) Per Share - Computation of Basic and Diluted Loss Earnings Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income	$ 2,727	$ 4,006	$ 7,132	$ 2,733
Denominator:
Denominator for basic earnings per share – weighted average shares (in shares)	10,442	10,357	10,439	10,350
Effect of dilutive securities:
Employee stock options and restricted stock (in shares)	28	119	76	132
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion (in shares)	10,470	10,476	10,515	10,482
Basic earnings per share (in dollars per share)	$ 0.26	$ 0.39	$ 0.68	$ 0.26
Diluted earnings per share (in dollars per share)	$ 0.26	$ 0.38	$ 0.68	$ 0.26
Weighted average anti-dilutive employee stock options and restricted stock (in shares)	59	2	69	4

Note 15 - Restructuring, Seve48

Note 15 - Restructuring, Severance and Related Charges (Details Textual)	Jul. 07, 2015USD ($)shares	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Facility Closing [Member]
Restructuring Charges			$ 733,000
Number of Maintenance Facilities		2	2
Employee Severance [Member]
Restructuring Charges			$ 2,160,000
Restructuring and Related Cost, Expected Number of Positions Eliminated		50
Costs Relating to Streamlining Operations and Asset Write-Offs [Member]
Restructuring Charges			1,600,000
Separation Agreement [Member] | Chief Executive Officer [Member] | Maximum [Member]
Severance Costs	$ 10,000
Separation Agreement [Member] | Chief Executive Officer [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	18,750
Separation Agreement [Member] | Chief Executive Officer [Member] | Non-Qualified Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | shares	10,727
Separation Agreement [Member] | Chief Executive Officer [Member]
Restructuring Charges		$ 1,300,000
Salaries, Wages and Officers' Compensation	$ 460,000
Separation Agreement, Pension Plan [Member] | Chief Executive Officer [Member]
Postemployment Benefit Plan, Term	1 year
Separation Agreement, Health Coverage [Member] | Chief Executive Officer [Member]
Postemployment Benefit Plan, Term	1 year 180 days
Restructuring Charges		$ 2,893,000	$ 2,893,000

Note 15 - Restructuring, Seve49

Note 15 - Restructuring, Severance and Related Charges (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Employee Severance [Member]
Restructuring Charges			$ 2,160
Severance pay and benefits (1)			(266)
Severance pay and benefits (1)			(538)
Severance pay and benefits (1)		$ 1,356	1,356
Facility Closing [Member]
Restructuring Charges			733
Severance pay and benefits (1)		733	733
Restructuring Charges		2,893	2,893
Severance pay and benefits (1)			(266)
Severance pay and benefits (1)			(538)
Severance pay and benefits (1)	[1]	$ 2,089	$ 2,089
[1]	Refer to note 15 of the footnotes to the Company’s condensed consolidated financial statements for additional information regarding the restructuring, severance and related charges.