USA Truck (USAK) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document Information [Line Items]
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)		8,383,242
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 1,122	$ 87
Accounts receivable, net of allowance for doubtful accounts of $587 and $608, respectively	53,801	53,324
Other receivables	4,086	5,094
Inventories	477	748
Assets held for sale	5,524	7,979
Income taxes receivable	7,641	6,159
Prepaid expenses and other current assets	4,796	4,876
Total current assets	77,447	78,267
Property and equipment:
Land and structures	31,663	32,910
Revenue equipment	292,317	289,045
Service, office and other equipment	24,049	22,156
Property and equipment, at cost	348,029	344,111
Accumulated depreciation and amortization	(125,615)	(137,327)
Property and equipment, net	222,414	206,784
Other assets	1,301	1,405
Total assets	301,162	286,456
Current liabilities:
Accounts payable	26,763	24,473
Current portion of insurance and claims accruals	11,497	10,706
Accrued expenses	10,776	8,836
Current maturities of capital leases	16,901	12,190
Total current liabilities	65,937	56,205
Deferred gain	619	701
Long-term debt, less current maturities	97,000	70,400
Capital leases, less current maturities	18,642	18,845
Deferred income taxes	40,386	37,943
Insurance and claims accruals, less current portion	8,558	8,585
Total liabilities	231,142	192,679
Commitments and contingencies
Stockholders’ equity:
Preferred Stock, $.01 par value; 1,000,000 shares authorized
Common Stock, $.01 par value; 30,000,000 shares authorized; issued 12,107,609 shares, and 11,946,253 shares, respectively	121	119
Additional paid-in capital	67,628	67,370
Retained earnings	62,718	65,871
Less treasury stock, at cost (3,445,807 shares, and 2,286,608 shares, respectively)	(60,447)	(39,583)
Total stockholders’ equity	70,020	93,777
Total liabilities and stockholders’ equity	$ 301,162	$ 286,456

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Allowance for doubtful accounts	$ 587	$ 608
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
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)	12,107,609	11,946,253
Treasury stock (in shares)	3,445,807	2,286,608

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Operating revenue	$ 109,888	$ 133,573	$ 220,506	$ 266,460
Operating expenses:
Salaries, wages and employee benefits	30,627	35,636	63,201	73,508
Fuel and fuel taxes	11,391	16,257	21,580	34,235
Depreciation and amortization	7,599	10,447	14,871	21,249
Insurance and claims	5,438	5,903	10,206	12,097
Equipment rent	1,861	866	3,722	1,649
Operations and maintenance	10,299	10,610	19,512	20,901
Purchased transportation	38,030	42,646	74,432	81,416
Operating taxes and licenses	1,260	1,462	2,381	2,782
Communications and utilities	851	880	1,731	1,743
Gain on disposal of assets, net	(182)	(2,255)	(578)	(2,758)
Restructuring, impairment and other costs			5,264
Other	3,271	5,307	7,104	9,298
Total operating expenses	110,445	127,759	223,426	256,120
Operating (loss) income	(557)	5,814	(2,920)	10,340
Other expenses (income):
Interest expense, net	731	549	1,295	1,179
Loss on extinguishment of debt				750
Other, net	133	370	337	572
Total other expenses, net	864	919	1,632	2,501
(Loss) income before income taxes	(1,421)	4,895	(4,552)	7,839
Income tax (benefit) expense	(75)	2,125	(1,399)	3,434
Net (loss) income and comprehensive (loss) income	$ (1,346)	$ 2,770	$ (3,153)	$ 4,405
Net (loss) income per share information:
Average shares outstanding (basic) (in shares)	8,734	10,435	9,069	10,423
Basic (loss) earnings per share (in dollars per share)	$ (0.15)	$ 0.27	$ (0.35)	$ 0.42
Average shares outstanding (diluted) (in shares)	8,734	10,516	9,069	10,524
Diluted (loss) earnings per share (in dollars per share)	$ (0.15)	$ 0.26	$ (0.35)	$ 0.42

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2015	11,946
Balance at Dec. 31, 2015	$ 119	$ 67,370	$ 65,871	$ (39,583)	$ 93,777
Exercise of stock options		2			2
Excess tax benefit from exercise of stock options		(55)			(55)
Purchase of treasury stock		(40)		(20,864)	(20,904)
Share-based compensation		393			393
Restricted stock award grant (in shares)	249
Restricted stock award grant	$ 3	(2)			1
Forfeited restricted stock (in shares)	(87)
Forfeited restricted stock	$ (1)	1
Net share settlement related to restricted stock vesting (in shares)	(1)
Net share settlement related to restricted stock vesting		(41)			(41)
Net (loss) income			(3,153)		(3,153)
Balance (in shares) at Jun. 30, 2016	12,108
Balance at Jun. 30, 2016	$ 121	$ 67,628	$ 62,718	$ (60,447)	$ 70,020

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Accounts Payable [Member]
Supplemental disclosure of non-cash investing activities:
Purchases of revenue equipment included in accounts payable	$ 7,932	$ 10,790
Net (loss) income	(3,153)	4,405
Depreciation and amortization	14,871	21,249
Provision for doubtful accounts	440	397
Deferred income taxes, net	2,443	(2,946)
Share-based compensation	393	356
Gain on disposal of assets, net	(578)	(2,758)
Loss on extinguishment of debt		750
Impairment of property and equipment	1,070
Other	(82)	(4)
Accounts receivable	(1,391)	7,590
Inventories and prepaid expenses	351	(2,264)
Accounts payable and accrued liabilities	275	(11,898)
Insurance and claims accruals	1,204	1,740
Other long-term assets and liabilities	103	(834)
Net cash provided by operating activities	15,396	39,579
Capital expenditures	(27,065)	(20,643)
Proceeds from sale of property and equipment	12,696	15,946
Net cash used in investing activities	(14,369)	(4,697)
Borrowings under long-term debt	46,237	111,236
Payments on long-term debt	(19,637)	(129,355)
Payments on capitalized lease obligations	(3,487)	(12,663)
Net change in bank drafts payable	(2,108)	(3,125)
Excess tax (benefit) payments from exercise of stock options	(55)	537
Principal payments on note payable		(896)
Purchase of common stock	(20,904)
Net payments on stock-based awards	(38)	(117)
Net cash provided by (used in) financing activities	8	(34,383)
Increase in cash	1,035	499
Beginning of period	87	205
End of period	1,122	704
Interest	1,283	1,139
Income taxes	$ 132	$ 103

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2016
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 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 and six month periods ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. 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, 2015. The Company has recast certain prior period amounts to reflect the change in accounting principle for tires as disclosed in its Form 10-Q for the period ending September 30, 2015.

Note 2 - Note Receivable

Note 2 - Note Receivable	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 2 – NOTE RECEIVABLE During 2010, the Company sold its terminal facility in Shreveport, Louisiana. In connection with this sale, the purchaser gave the Company cash in the amount of $0.2 million and a note receivable in the amount of $2.1 million due November 2015, which was recorded in the line item “Other receivables” in the accompanying condensed consolidated balance sheets. The purchaser/debtor defaulted on the note receivable by not making the principal payment in November 2015, and the Company is undertaking actions to collect. The note receivable is collateralized by a first priority mortgage on the property. The Company believes, based on a recent appraisal, the value of the property exceeds the amount of the note receivable plus collection costs. Accordingly, no valuation allowance has been recorded. The Company had previously deferred $0.7 million of gain on the sale of the property, with gain recognized into earnings only as payments on the note receivable were received. In February 2016, the Company, and the purchaser-debtor modified the original asset sale agreement (hereinafter referred to as the “Original Agreement”) for the property as a result of the default by the purchaser debtor in November 2015. The modifications to the Original Agreement are as follows: (1) As of January 1 , 2016 , the purchaser/debtor will no longer make monthly payments to the Company , as required under the Original Agreement. (2) The purchaser/debtor agrees that in addition to the balloon payment of $1.9 million , the Company shall also be entitled to receive 25% of the net sale proceeds from any future sale (including any foreclosure sale) of the property in excess of the balloon payment , closing costs , and realtor commissions. (3) At any time , the Company retains the right to enforce its rights as creditor , mortgagee , and holder of vendor’s privilege and declare the unpaid portion of the purchase price , interest , costs , and attorneys’ fees immediately due and payable. The Company’s rights include instituting foreclosure proceedings and/or other legal action.

Note 3 - Equity Compensation an

Note 3 - Equity Compensation and Employee Benefit Plans	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 3 – EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS The Company adopted the 2014 Omnibus Incentive Plan (the “Incentive Plan”) in May 2014. The Incentive Plan replaced the 2004 Equity Incentive Plan (“the “Prior Plan”) and provides for the granting of equity-based awards covering up to 500,000 shares of common stock to directors, officers and other key employees and consultants, in addition to the shares available under the Prior Plan on the effective date of the “Incentive Plan”. As of June 30, 2016, 176,669 shares remain available for the issuance of future equity-based compensation awards.

Note 4 - Repurchase of Equity S

Note 4 - Repurchase of Equity Securities	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Treasury Stock [Text Block]	NOTE 4 – REPURCHASE OF EQUITY SECURITIES On February 2, 2016 the Company’s board of directors announced the repurchase of up to an additional two million shares of the Company’s common stock, which will expire in February 2019 unless earlier terminated or extended by the board of directors. During the six months ended June 30, 2016, the Company, through a Rule 10b5-1 plan, repurchased 1,163,575 shares at an average price of $18.06 per share for an aggregate cost of approximately $20.9 million. Of the shares repurchased during 2016, 46,262 related to the stock repurchase program authorized by the board of directors in August 2015.

Note 5 - Segment Reporting

Note 5 - Segment Reporting	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 5 – SEGMENT REPORTING The Company’s two reportable segments are Trucking and USAT Logistics. During the first quarter of 2016, the Company rebranded its asset-light business, formerly known as Strategic Capacity Solutions (“SCS”) as USAT Logistics (“USAT Logistics”). Trucking USAT Logistics. 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 USAT Logistics, 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 USAT Logistics 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 USAT Logistics are specifically identifiable direct costs or are allocated to USAT Logistics based on relevant drivers. A summary of operating revenue by segment is as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 201 6 2015 201 6 2015 Operating revenue Trucking revenue $ 75,750 $ 93,846 $ 151,786 $ 190,248 Trucking intersegment eliminations (246 ) (419 ) (580 ) (1,034 ) Trucking operating revenue 75,504 93,427 151,206 189,214 USAT Logistics revenue 37,087 41,605 72,997 80,276 USAT Logistics intersegment eliminations (2,703 ) (1,459 ) (3,697 ) (3,030 ) USAT Logistics operating revenue 34,384 40,146 69,300 77,246 Total operating revenue $ 109,888 $ 133,573 $ 220,506 $ 266,460 Operating revenue includes foreign revenue of $9.6 million and $19.3 million for the three and six months ended June 30, 2016, respectively, and $10.0 million and $21.8 million for the three and six months ended June 30, 2015, respectively. All foreign revenue is collected in US dollars. A summary of operating (loss) income by segment is as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 201 6 2015 201 6 2015 Operating (loss) income Trucking $ (2,733 ) $ 2,556 $ (7,102 ) $ 4,105 USAT Logistics 2,176 3,258 4,182 6,235 Total operating (loss) income $ (557 ) $ 5,814 $ (2,920 ) $ 10,340 A summary of depreciation and amortization by segment is as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 201 6 2015 201 6 2015 Depreciation and amortization Trucking $ 7,470 $ 10,381 $ 14,620 $ 21,125 USAT Logistics 129 66 251 124 Total depreciation and amortization $ 7,599 $ 10,447 $ 14,871 $ 21,249

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 6 – ACCRUED EXPENSES Accrued expenses consisted of the following (in thousands): June 30, December 31, 2016 2015 Salaries, wages and employee benefits $ 5,106 $ 4,359 Federal and state tax accruals 2,081 1,712 Restructuring, impairment and other costs (1) 2,107 773 Accrued third party maintenance 282 525 Other 1,200 1,467 Total accrued expenses $ 10,776 $ 8,836 (1) Refer to Note 13 of the footnotes to the Company’s condensed consolidated financial statements for additional information regarding the restructuring, impairment and other costs.

Note 7 - Long-term Debt

Note 7 - Long-term Debt	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Long-term Debt [Text Block]	NOTE 7 – LONG-TERM DEBT Long-term debt consisted of the following (in thousands): June 30, December 31, 2016 2015 Revolving credit agreement $ 97,000 $ 70,400 Total debt $ 97,000 $ 70,400 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 and terminated its prior credit 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 (the “Swing line”) 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 , except for any real estate or revenue equipment financed outside the 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 by the net book value of otherwise eligible newly acquired revenue equipment that has not yet been subject to an appraisal. The Credit Facility contains a single springing financial covenant , which requires the Company to maintain 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 the incurrence of other indebtedness. The average interest rate, including all borrowings made under the Credit Facility, as of June 30, 2016 was 2.43%. As debt is repriced on a monthly basis, the borrowings under the Credit Facility approximate fair value. As of June 30, 2016, the Company had outstanding $4.3 million in letters of credit and had approximately $67.8 million available under the Credit Facility. The Company had approximately $58 million available under its credit facility as of July 31, 2016.

Note 8 - Leases and Commitments

Note 8 - Leases and Commitments	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	Note 8 – LEASES AND Commitments CAPITAL LEASES The Company leases certain equipment under capital leases with terms ranging from 15 to 60 months. Capitalized Costs Accumulated Amortization Net Book Value June 30, 2016 $ 51,887 $ 16,259 $ 35,628 December 31, 2015 45,170 12,896 32,274 The Company has capitalized lease obligations relating to revenue equipment at June 30, 2016 of $35.5 million, of which $16.9 million represents the current portion. Such leases have various termination dates extending through September 2019 and contain renewal or fixed price purchase options. The interest rates on the leases range from 1.68% to 4.99% as of June 30, 2016. The lease agreements require payment of property taxes, maintenance and operating expenses. Amortization of capital leases was $1.2 million and $2.5 million for the three and six months ended June 30, 2016, respectively, and $2.5 million and $5.2 million for the three and six months ended June 30, 2015, respectively. OPERATING LEASES Rent expense associated with operating leases was $2.4 million and $4.5 million for the three and six months ended June 30, 2016, respectively, and $1.4 million and $2.5 million for the three and six months ended June 30, 2015, respectively. Rent expense relating to tractors, trailers and other operating equipment is included in the “Equipment rent,” line item while rent expense relating to office equipment is included in the “Operations and maintenance” line item in the accompanying condensed consolidated statements of operations. As of June 30, 2016, 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 June 30, 2016, the future minimum payments, including interest, 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). 2016 2017 2018 2019 2020 Thereafter Capital leases $ 17,432 $ 4,544 $ 4,622 $ 9,886 $ -- $ -- Operating leases 8,092 8,019 6,288 4,611 696 48 OTHER COMMITMENTS As of June 30, 2016, the Company had no commitments for purchases of non-revenue equipment and commitments of approximately $23.0 million for purchases of revenue equipment. The Company anticipates taking delivery of these purchases throughout the remainder of 2016 and the first quarter of 2017 as such, they are considered non-cancellable.

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9 – INCOME tAXES During the three months ended June 30, 2016 and 2015, the Company’s effective tax rate was 5.3% and 43.4%, respectively. During the six months ended June 30, 2016 and 2015, the Company’s effective tax rates were 30.7% and 43.8%, 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. Per diem pay is partially nondeductible under current IRS regulations. 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 can be significant. Due to the 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. When the result of the expected annual effective tax rate is not deemed reliable, as was the case for the second quarter of 2016, and distorts the income tax provision for an interim period, the Company calculates the income tax provision or benefit using the cut-off method which results in an income tax provision or benefit based solely on the year-to-date pretax income or loss as adjusted for permanent differences on a pro rata basis.

Note 10 - Earnings (Loss) Per S

Note 10 - Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 10 – (LOSS) EARNINGS PER SHARE Basic (loss) earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted (loss) 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 (loss) earnings per share does not assume conversion, exercise or contingent issuance of securities that would have an antidilutive effect on (loss) income per share. The following table sets forth the computation of basic and diluted (loss) earnings per share (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 201 6 2015 201 6 2015 Numerator: Net (loss) income $ (1,346 ) $ 2,770 $ (3,153 ) $ 4,405 Denominator: Denominator for basic earnings per share – weighted average shares 8,734 10,435 9,069 10,423 Effect of dilutive securities: Employee stock options and restricted stock -- 81 -- 101 Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion 8,734 10,516 9,069 10,524 Basic (loss) earnings per share $ (0.15 ) $ 0.27 $ (0.35 ) $ 0.42 Diluted (loss) earnings per share $ (0.15 ) $ 0.26 $ (0.35 ) $ 0.42 Weighted average anti-dilutive employee stock options and restricted stock 20 84 7 74

Note 11 - Legal Proceedings

Note 11 - Legal Proceedings	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	NOTE 11 – LEGAL PROCEEDINGS The Company 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. It is the opinion of management that these claims are immaterial to the Company’s long-term financial position; however, adverse results related to 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 Pronou

Note 12 - New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 (“ASU”) 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 revenue 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 provides for 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). In August 2015, the FASB issued ASU 2015-14, “Revenue From Contracts with Customers – Deferral of the Effective Date”, which delayed the effectiveness of ASU 2014-09 to annual periods beginning after December 15, 2017, and interim periods therein. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases, which requires lessees to recognize a right-to-use asset and a lease obligation for all leases. Lessees are permitted to make an accounting policy election to not recognize an asset and liability for leases with a term of twelve months or less. Lessor accounting under the new standard is substantially unchanged. Additional qualitative and quantitative disclosures, including significant judgments made by management, will be required. The new standard, which will become effective for the Company beginning with the first quarter 2019, requires a modified retrospective transition approach and includes a number of practical expedients. Early adoption of the standard is permitted. The Company is currently evaluating the impacts the adoption of this accounting guidance will have on the consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The new standard will become effective for the Company beginning with the first quarter of 2017, with early adoption permitted. The Company is currently evaluating the impacts the adoption of this accounting guidance will have on the consolidated financial statements.

Note 13 - Restructuring, Impair

Note 13 - Restructuring, Impairment and Other Costs	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 13 – RESTRUCTURING , IMPAIRMENT AND OTHER COSTS During the first quarter of 2016, the Company took steps to streamline and simplify its operations to better align its cost structure. In the Company’s Trucking segment, the Company announced a plan to close its maintenance facilities in Forest Park, Georgia and South Holland, Illinois during the first quarter of 2016. Additionally, in the Company’s USAT Logistics segment, the Company announced a plan to close certain branch offices located at Olathe, Kansas and Salt Lake City, Utah. The headcount reduction reflected a total of 47 team members across multiple departments, including two contractors. Employees separated from the Company as a result of these streamlining initiatives were offered severance benefits and the termination was communicated to them on or prior to March 31, 2016. The agreements with the contractors were cancelled and cancellation penalties will be paid, where required. The expenses recorded during the quarter ended March 31, 2016, included costs related to involuntary terminations and other direct costs associated with implementing these initiatives. Other direct costs included facility lease termination costs; costs associated with the development, communication and administration of these initiatives; and asset write-offs. The Company has incurred total pretax expenses of approximately $3.5 million related to these streamlining initiatives. The following table summarizes the Company’s liabilities, charges, and cash payments related to the restructuring plan made during the six months ended June 30, 2016 (in thousands): Accrued Balance December 31, 2015 Costs Incurred March 31, 2016 Payments Expenses/ Charges Accrued Balance June 30, 2016 Compensation and benefits $ 753 $ 768 $ (1,175 ) $ (3 ) $ 343 Facility closing expenses 20 2,779 (749 ) (286 ) 1,764 Spartanburg impairment -- 546 -- (546 ) -- Fuel tank write-off -- 524 -- (524 ) -- Out of period adjustment -- 647 -- (647 ) -- Total $ 773 $ 5,264 $ (1,924 ) $ (2,006 ) $ 2,107 Costs Incurred Six Months Ended June 30, 2016 2015 Trucking $ 4,848 $ -- USAT Logistics 416 -- Total $ 5,264 $ -- On May 19, 2016, (the “Separation Date”), the Company’s board of directors unanimously approved a separation agreement between Michael K. Borrows and the Company (the “Separation Agreement”) and accepted Mr. Borrows’ resignation as Executive Vice President and Chief Financial Officer. The benefits provided to Mr. Borrows under the Separation Agreement are substantially consistent with benefits Mr. Borrows would have been entitled to receive under his previously disclosed Executive Severance and Change in Control Agreement, dated July 29, 2015, if the Company had terminated his employment without Cause (as defined therein). Under the terms of the Separation Agreement Mr. Borrows will receive: (i) severance pay equal to his current base salary ($300,000 per year) for a period of eighteen months following the Separation Date and (ii) a lump sum payment of $180,000, representing the target amount of short term cash incentive compensation that would have been awarded to and earned by him under the 2016 Management Bonus Plan, assuming all performance and other vesting criteria were satisfied at the target level for 2016. In addition, the Separation Agreement contains a customary release of claims, non-solicitation, non-disparagement, and confidentiality covenants in favor of the Company. During the quarter ended June 30, 2016, the Company recognized severance costs associated with Mr. Borrows’ departure of approximately $0.7 million, which are recorded in the “Salaries, wages and employee benefits” line item in the accompanying condensed consolidated statements of operations and comprehensive (loss) income

Note 5 - Segment Reporting (Tab

Note 5 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 201 6 2015 201 6 2015 Operating revenue Trucking revenue $ 75,750 $ 93,846 $ 151,786 $ 190,248 Trucking intersegment eliminations (246 ) (419 ) (580 ) (1,034 ) Trucking operating revenue 75,504 93,427 151,206 189,214 USAT Logistics revenue 37,087 41,605 72,997 80,276 USAT Logistics intersegment eliminations (2,703 ) (1,459 ) (3,697 ) (3,030 ) USAT Logistics operating revenue 34,384 40,146 69,300 77,246 Total operating revenue $ 109,888 $ 133,573 $ 220,506 $ 266,460 Three Months Ended Six Months Ended June 30, June 30, 201 6 2015 201 6 2015 Operating (loss) income Trucking $ (2,733 ) $ 2,556 $ (7,102 ) $ 4,105 USAT Logistics 2,176 3,258 4,182 6,235 Total operating (loss) income $ (557 ) $ 5,814 $ (2,920 ) $ 10,340 Three Months Ended Six Months Ended June 30, June 30, 201 6 2015 201 6 2015 Depreciation and amortization Trucking $ 7,470 $ 10,381 $ 14,620 $ 21,125 USAT Logistics 129 66 251 124 Total depreciation and amortization $ 7,599 $ 10,447 $ 14,871 $ 21,249

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	June 30, December 31, 2016 2015 Salaries, wages and employee benefits $ 5,106 $ 4,359 Federal and state tax accruals 2,081 1,712 Restructuring, impairment and other costs (1) 2,107 773 Accrued third party maintenance 282 525 Other 1,200 1,467 Total accrued expenses $ 10,776 $ 8,836

Note 7 - Long-term Debt (Tables

Note 7 - Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, December 31, 2016 2015 Revolving credit agreement $ 97,000 $ 70,400 Total debt $ 97,000 $ 70,400

Note 8 - Leases and Commitmen23

Note 8 - Leases and Commitments (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Capital Leased Assets [Table Text Block]	Capitalized Costs Accumulated Amortization Net Book Value June 30, 2016 $ 51,887 $ 16,259 $ 35,628 December 31, 2015 45,170 12,896 32,274
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	2016 2017 2018 2019 2020 Thereafter Capital leases $ 17,432 $ 4,544 $ 4,622 $ 9,886 $ -- $ -- Operating leases 8,092 8,019 6,288 4,611 696 48

Note 10 - Earnings (Loss) Per24

Note 10 - Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 201 6 2015 201 6 2015 Numerator: Net (loss) income $ (1,346 ) $ 2,770 $ (3,153 ) $ 4,405 Denominator: Denominator for basic earnings per share – weighted average shares 8,734 10,435 9,069 10,423 Effect of dilutive securities: Employee stock options and restricted stock -- 81 -- 101 Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion 8,734 10,516 9,069 10,524 Basic (loss) earnings per share $ (0.15 ) $ 0.27 $ (0.35 ) $ 0.42 Diluted (loss) earnings per share $ (0.15 ) $ 0.26 $ (0.35 ) $ 0.42 Weighted average anti-dilutive employee stock options and restricted stock 20 84 7 74

Note 13 - Restructuring, Impa25

Note 13 - Restructuring, Impairment and Other Costs (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued Balance December 31, 2015 Costs Incurred March 31, 2016 Payments Expenses/ Charges Accrued Balance June 30, 2016 Compensation and benefits $ 753 $ 768 $ (1,175 ) $ (3 ) $ 343 Facility closing expenses 20 2,779 (749 ) (286 ) 1,764 Spartanburg impairment -- 546 -- (546 ) -- Fuel tank write-off -- 524 -- (524 ) -- Out of period adjustment -- 647 -- (647 ) -- Total $ 773 $ 5,264 $ (1,924 ) $ (2,006 ) $ 2,107
Restructuring and Related Costs By Segment [Table Text Block]	Costs Incurred Six Months Ended June 30, 2016 2015 Trucking $ 4,848 $ -- USAT Logistics 416 -- Total $ 5,264 $ --

Note 2 - Note Receivable (Detai

Note 2 - Note Receivable (Details Textual) - USD ($) $ in Millions	1 Months Ended
	Nov. 30, 2010	Feb. 16, 2016
Proceeds from Sale of Real Estate	$ 0.2
Notes, Loans and Financing Receivable, Gross, Noncurrent	2.1	$ 1.9
Deferred Gain Sale Of Property	$ 0.7
Perecentage of Net Sale Proceeds from any Future Sale of Property in Excess of Balloon Payment, Closing Costs, and Realtor Commissions		25.00%

Note 3 - Equity Compensation 27

Note 3 - Equity Compensation and Employee Benefit Plans (Details Textual) - Incentive Plan [Member]	Jun. 30, 2016shares
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	176,669

Note 4 - Repurchase of Equity28

Note 4 - Repurchase of Equity Securities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Feb. 02, 2016
Rule 10b5-1 Plan [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased		2,000,000
Treasury Stock, Shares, Acquired	1,163,575
Treasury Stock Acquired, Average Cost Per Share	$ 18.06
Treasury Stock, Value, Acquired, Cost Method	$ 20,900
2015 Share Repurchase Program [Member]
Treasury Stock, Shares, Acquired	46,262
Treasury Stock, Value, Acquired, Cost Method	$ 20,904

Note 5 - Segment Reporting (Det

Note 5 - Segment Reporting (Details Textual) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Trucking [Member] | Foreign Countries [Member] | Operating Segments [Member]
Revenues		$ 9,600	$ 10,000	$ 19,300	$ 21,800
Trucking [Member] | Operating Segments [Member]
Revenues	[1]	75,750	93,846	151,786	190,248
Trucking [Member]
Revenues		75,504	93,427	$ 151,206	189,214
Number of Reportable Segments				2
Revenues		$ 109,888	$ 133,573	$ 220,506	$ 266,460
[1]	Includes foreign revenue of $9.6 million and $19.3 million for the three and six months ended June 30, 2016, respectively, and $10.0 million and $21.8 million for the three and six months ended June 30, 2015, respectively. All foreign revenue is collected in US dollars.

Note 5 - Schedule of Segment Re

Note 5 - Schedule of Segment Reporting, by Segment (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating Segments [Member] | Trucking [Member]
Revenue:
Revenues	[1]	$ 75,750	$ 93,846	$ 151,786	$ 190,248
Operating (loss) income
Operating income (loss)		(2,733)	2,556	(7,102)	4,105
Depreciation and amortization		7,470	10,381	14,620	21,125
Operating Segments [Member] | USAT Logistics [Member]
Revenue:
Revenues		37,087	41,605	72,997	80,276
Operating (loss) income
Operating income (loss)		2,176	3,258	4,182	6,235
Depreciation and amortization		129	66	251	124
Intersegment Eliminations [Member] | Trucking [Member]
Revenue:
Revenues		(246)	(419)	(580)	(1,034)
Intersegment Eliminations [Member] | USAT Logistics [Member]
Revenue:
Revenues		(2,703)	(1,459)	(3,697)	(3,030)
Trucking [Member]
Revenue:
Revenues		75,504	93,427	151,206	189,214
USAT Logistics [Member]
Revenue:
Revenues		34,384	40,146	69,300	77,246
Revenues		109,888	133,573	220,506	266,460
Operating (loss) income
Operating income (loss)		(557)	5,814	(2,920)	10,340
Depreciation and amortization		$ 7,599	$ 10,447	$ 14,871	$ 21,249
[1]	Includes foreign revenue of $9.6 million and $19.3 million for the three and six months ended June 30, 2016, respectively, and $10.0 million and $21.8 million for the three and six months ended June 30, 2015, respectively. All foreign revenue is collected in US dollars.

Note 6 - Schedule of Accrued Ex

Note 6 - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Salaries, wages and employee benefits		$ 5,106	$ 4,359
Federal and state tax accruals		2,081	1,712
Restructuring, impairment and other costs (1)	[1]	2,107	773
Accrued third party maintenance		282	525
Other		1,200	1,467
Total accrued expenses		$ 10,776	$ 8,836
[1]	Refer to Note 13 of the footnotes to the Company’s condensed consolidated financial statements for additional information regarding the restructuring, impairment and other costs.

Note 7 - Long-term Debt (Detail

Note 7 - Long-term Debt (Details Textual) - USD ($) $ in Millions	1 Months Ended
	Feb. 28, 2015	Jul. 31, 2016	Jun. 30, 2016
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] | Subsequent Event [Member]
Line of Credit Facility, Remaining Borrowing Capacity		$ 58
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%
Debt Instrument, Covenant, Fixed Charge Coverage Ratio	1
Minimum Excess Availability Percentage of Maximum Revolver Amount	10.00%
Debt, Weighted Average Interest Rate			2.43%
Letters of Credit Outstanding, Amount			$ 4.3
Line of Credit Facility, Remaining Borrowing Capacity			$ 67.8
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

Note 7 - Long-term Debt (Deta33

Note 7 - Long-term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Revolving credit agreement	$ 97	$ 70.4
Total debt	$ 97	$ 70.4

Note 8 - Leases and Commitmen34

Note 8 - Leases and Commitments (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Minimum [Member] | Capital Lease Obligations [Member]
Debt Instrument, Interest Rate, Effective Percentage	1.68%		1.68%
Minimum [Member]
Capital Lease Term			1 year 90 days
Maximum [Member] | Capital Lease Obligations [Member]
Debt Instrument, Interest Rate, Effective Percentage	4.99%		4.99%
Maximum [Member]
Capital Lease Term			5 years
Non-Revenue Equipment [Member]
Purchase Obligation	$ 0		$ 0
Revenue Equipment [Member]
Purchase Obligation	23,000,000		23,000,000
Capital Lease Obligations	35,500,000		35,500,000
Capital Lease Obligations, Current	16,901,000		16,901,000		$ 12,190,000
Capital Leases, Income Statement, Amortization Expense	1,200,000	$ 2,500,000	2,500,000	$ 5,200,000
Operating Leases, Rent Expense	$ 2,400,000	$ 1,400,000	$ 4,500,000	$ 2,500,000

Note 8 - Capital Leases (Detail

Note 8 - Capital Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Capitalized Costs	$ 51,887	$ 45,170
Accumulated Amortization	16,259	12,896
Net Book Value	$ 35,628	$ 32,274

Note 8 - Future Minimum Payment

Note 8 - Future Minimum Payments Under Capitalized Leases (Details)	Jun. 30, 2016USD ($)
Capital leases due in 2016	$ 17,432,000
Capital leases due in 2017	4,544,000
Capital leases due in 2018	4,622,000
Capital leases due in 2019	9,886,000
Capital leases due in 2020	0
Capital leases due thereafter	0
Operating leases due in 2016	8,092,000
Operating leases due in 2017	8,019,000
Operating leases due in 2018	6,288,000
Operating leases due in 2019	4,611,000
Operating leases due in 2020	696,000
Operating leases due thereafter	$ 48,000

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Effective Income Tax Rate Reconciliation, Percent	5.30%	43.40%	30.70%	43.80%

Note 10 - Computation of Basic

Note 10 - Computation of Basic and Diluted Loss Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator:
Net (loss) income	$ (1,346)	$ 2,770	$ (3,153)	$ 4,405
Denominator:
Denominator for basic earnings per share – weighted average shares (in shares)	8,734	10,435	9,069	10,423
Effect of dilutive securities:
Employee stock options and restricted stock (in shares)		81		101
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion (in shares)	8,734	10,516	9,069	10,524
Basic (loss) earnings per share (in dollars per share)	$ (0.15)	$ 0.27	$ (0.35)	$ 0.42
Diluted (loss) earnings per share (in dollars per share)	$ (0.15)	$ 0.26	$ (0.35)	$ 0.42
Weighted average anti-dilutive employee stock options and restricted stock (in shares)	20	84	7	74

Note 13 - Restructuring, Impa39

Note 13 - Restructuring, Impairment and Other Costs (Details Textual)	May 19, 2016USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Facility Closing [Member]
Number of Maintenance Facilities		2		2
Restructuring Charges				$ 2,779,000
Payments for Restructuring				749,000
Costs Relating to Streamlining Operations and Asset Write-Offs [Member]
Restructuring Charges				3,500,000
Employee Severance [Member] | Salaries, Wages and Employee Benefits [Member]
Restructuring Charges		$ 700,000
Employee Severance [Member]
Restructuring Charges				768,000
Severance Cost Payable	$ 300,000
Severance Cost Payable, Term	1 year 180 days
Payments for Restructuring	$ 180,000			$ 1,175,000
Restructuring and Related Cost, Expected Number of Positions Eliminated				47
Restructuring Charges				$ 5,264,000
Payments for Restructuring				$ 1,924,000

Note 13 - Restructuring and Rel

Note 13 - Restructuring and Related Charges (Details) - USD ($)		May 19, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Severance [Member]
Compensation and benefits					$ 753,000
Restructuring Charges					768,000
Compensation and benefits		$ (180,000)			(1,175,000)
Compensation and benefits					(3,000)
Compensation and benefits			$ 343,000		343,000
Facility Closing [Member]
Compensation and benefits					20,000
Restructuring Charges					2,779,000
Compensation and benefits					(749,000)
Compensation and benefits					(286,000)
Compensation and benefits			1,764,000		1,764,000
Impairment of Spartanburg Terminal [Member]
Compensation and benefits
Restructuring Charges					546,000
Compensation and benefits
Compensation and benefits					(546,000)
Compensation and benefits
Impairment of Bulk Fuel Assets [Member]
Compensation and benefits
Restructuring Charges					524,000
Compensation and benefits
Compensation and benefits					(524,000)
Compensation and benefits
Restatement Adjustment [Member]
Compensation and benefits
Restructuring Charges					647,000
Compensation and benefits
Compensation and benefits					(647,000)
Compensation and benefits
Compensation and benefits	[1]				773,000
Restructuring Charges					5,264,000
Compensation and benefits					(1,924,000)
Compensation and benefits					(2,006,000)
Compensation and benefits	[1]		$ 2,107,000		$ 2,107,000
[1]	Refer to Note 13 of the footnotes to the Company’s condensed consolidated financial statements for additional information regarding the restructuring, impairment and other costs.

Note 13 - Restructuring Costs B

Note 13 - Restructuring Costs By Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Trucking [Member]
Restructuring Charges			$ 4,848
USAT Logistics [Member]
Restructuring Charges			416
Restructuring Charges			$ 5,264