USA Truck (USAK) 10-Q 3 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 27, 2017
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)		8,296,870
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 166	$ 122
Accounts receivable, net of allowance for doubtful accounts of $959 and $608, respectively	56,024	55,127
Other receivables	3,591	6,986
Inventories	413	413
Assets held for sale	1,034	4,661
Prepaid expenses and other current assets	4,527	6,187
Total current assets	65,755	73,496
Property and equipment:
Land and structures	31,772	31,500
Revenue equipment	250,238	269,953
Service, office and other equipment	26,131	25,295
Property and equipment, at cost	308,141	326,748
Accumulated depreciation and amortization	(114,232)	(106,465)
Property and equipment, net	193,909	220,283
Other assets	1,070	1,189
Total assets	260,734	294,968
Current liabilities:
Accounts payable	18,807	18,779
Current portion of insurance and claims accruals	12,873	10,665
Accrued expenses	8,696	7,533
Current maturities of capital leases	14,761	16,742
Insurance premium financing	1,314	3,943
Total current liabilities	56,451	57,662
Deferred gain	582	652
Long-term debt	80,175	96,600
Capital leases, less current maturities	31,560	35,133
Deferred income taxes	31,580	37,775
Insurance and claims accruals, less current portion	9,424	8,558
Total liabilities	209,772	236,380
Commitments and contingencies
Stockholders’ equity:
Preferred Stock, $.01 par value; 1,000,000 shares authorized; none issued
Common Stock, $.01 par value; 30,000,000 shares authorized; issued 12,154,788 shares, and 12,156,376 shares, respectively	122	122
Additional paid-in capital	68,373	68,375
Retained earnings	50,227	57,963
Less treasury stock, at cost (3,853,064 shares, and 3,849,815 shares, respectively)	(67,760)	(67,872)
Total stockholders’ equity	50,962	58,588
Total liabilities and stockholders’ equity	$ 260,734	$ 294,968

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accounts receivable, allowance for doubtful accounts	$ 959	$ 608
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Peferred 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)	12,154,788	12,156,376
Treasury stock, shares (in shares)	3,853,064	3,849,815

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, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenue
Operating revenue	$ 107,358	$ 109,888	$ 209,028	$ 220,506
Operating expenses
Salaries, wages and employee benefits	29,221	30,627	59,860	63,201
Fuel and fuel taxes	10,479	11,391	21,253	21,580
Depreciation and amortization	6,879	7,599	14,523	14,871
Insurance and claims	5,561	5,438	13,893	10,206
Equipment rent	2,633	1,861	4,747	3,722
Operations and maintenance	7,950	10,299	14,521	19,512
Purchased transportation	41,005	38,030	78,408	74,432
Operating taxes and licenses	1,024	1,260	1,974	2,381
Communications and utilities	598	851	1,264	1,731
Gain on disposal of assets, net	(77)	(182)	(337)	(578)
Restructuring, impairment and other costs				5,264
Other	5,051	3,271	8,287	7,104
Total operating expenses	110,324	110,445	218,393	223,426
Operating loss	(2,966)	(557)	(9,365)	(2,920)
Other expenses
Interest expense, net	950	731	1,953	1,295
Other, net	128	133	226	337
Total other expenses, net	1,078	864	2,179	1,632
Loss before income taxes	(4,044)	(1,421)	(11,544)	(4,552)
Income tax benefit	(1,198)	(75)	(3,808)	(1,399)
Consolidated net loss and comprehensive loss	$ (2,846)	$ (1,346)	$ (7,736)	$ (3,153)
Net loss per share
Average shares outstanding (basic) (in shares)	8,028	8,734	8,028	9,069
Basic loss per share (in dollars per share)	$ (0.35)	$ (0.15)	$ (0.96)	$ (0.35)
Average shares outstanding (diluted) (in shares)	8,028	8,734	8,028	9,069
Diluted loss per share (in dollars per share)	$ (0.35)	$ (0.15)	$ (0.96)	$ (0.35)

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2017 - 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]) at Dec. 31, 2016	12,156
Balance (in shares) at Dec. 31, 2016	12,156
Balance (Scenario, Previously Reported [Member]) at Dec. 31, 2016	$ 122	$ 68,041	$ 58,172	$ (67,872)	$ 58,463
Balance (Restatement Adjustment [Member], Accounting Standards Update 2016-09 [Member])		334	(209)		125
Balance at Dec. 31, 2016	122	68,375	57,963	(67,872)	58,588
Issuance of treasury stock		(169)		112	(57)
Stock-based compensation		152			152
Restricted stock award grant (in shares)	195
Restricted stock award grant	$ 2	(2)
Forfeited restricted stock (in shares)	(198)
Forfeited restricted stock	$ (2)	2
Net share settlement related to restricted stock vesting (in shares)	2
Net share settlement related to restricted stock vesting		15			15
Net loss			(7,736)		(7,736)
Balance at Jun. 30, 2017	$ 122	$ 68,373	$ 50,227	$ (67,760)	$ 50,962
Balance (in shares) at Jun. 30, 2017	12,155

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities:
Net loss	$ (7,736)	$ (3,153)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	14,523	14,871
Provision for doubtful accounts		440
Deferred income tax (benefit), net	(6,196)	2,443
Share-based compensation	152	393
Gain on disposal of assets, net	(337)	(578)
Impairment of property and equipment		1,070
Other	(70)	(82)
Changes in operating assets and liabilities:
Accounts receivable	944	(1,391)
Inventories and prepaid expenses	1,660	351
Accounts payable and accrued liabilities	3,328	(275)
Insurance and claims accruals	3,075	1,204
Other long-term assets and liabilities	119	103
Net cash provided by operating activities	9,462	15,396
Investing activities:
Capital expenditures	(3,468)	(27,065)
Proceeds from sale of property and equipment	9,856	12,696
Proceeds from operating sale leaseback	10,980
Net cash provided by (used in) investing activities	17,368	(14,369)
Financing activities:
Borrowings under long-term debt	11,855	46,237
Payments on long-term debt	(30,996)	(19,637)
Payments on capitalized lease obligations	(5,467)	(3,487)
Net change in bank drafts payable	(2,136)	(2,108)
Excess tax (benefit) payments from exercise of stock options		(55)
Purchase of common stock		(20,904)
Net payments on stock-based awards	15	(38)
Issuance of treasury stock	(57)
Net cash (used in) provided by financing activities	(26,786)	8
Increase in cash	44	1,035
Cash:
Beginning of period	122	87
End of period	166	1,122
Supplemental disclosure of cash flow information:
Interest	1,936	1,283
Income taxes	124	132
Accounts Payable [Member]
Supplemental disclosure of non-cash investing activities:
Purchases of revenue equipment included in accounts payable		$ 7,932

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 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 six June 30, 2017 not may December 31, 2017. 10 December 31, 2016. References to the “Company,” “we,” “us,” “our” or similar terms refer to USA Truck, Inc. and its subsidiary.

Note 2 - New Accounting Pronoun

Note 2 - New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 2 – NEW ACCOUNTING PRONOUNCEMENTS In May 2014, No. 2014 09, Revenue from Contracts with Customers 2014 09” 2014 09 2014 09 five may 2014 09 August 2015, 2015 14, Revenue From Contracts with Customers – Deferral of the Effective Date 2014 09 December 15, 2017, 2017, In February 2016, No. 2016 02, Leases not twelve first 2019, In March 2016, 2016 09, Improvements to Employee Share-Based Payment Accounting 2016 09 January 1, 2017. $0.1 December 31, 2016. no June 30, 2017.

Note 3 - Note Receivable

Note 3 - Note Receivable	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 3 During 2010, $0.2 $2.1 November 2015. $0.7 The purchaser-debtor defaulted on the note receivable in November 2015, April 26, 2017, third $1.6 $1.4 second 2017, $0.2

Note 4 - Equity Compensation an

Note 4 - Equity Compensation and Employee Benefit Plans	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 4 – EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS The Company adopted the 2014 May 2014. 2004 500,000 May 10, 2017, 500,000 June 30, 2017, 583,690

Note 5 - Segment Reporting

Note 5 - Segment Reporting	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 5 – SEGMENT REPORTING The Company’s two Trucking USAT Logistics. third In determining its reportable segments, the Company’s management focuses on financial information, such as operating revenue, operating expense categories, operating ratios and operating income, as well as on key operating statistics, to make operating decisions. Revenue equipment assets are not third third A summary of operating revenue by segment is as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, Operating revenue 201 7 2016 201 7 2016 Trucking revenue (1) $ 71,731 $ 75,750 $ 142,202 $ 151,786 Trucking intersegment eliminations (186 ) (246 ) (377 ) (580 ) Trucking operating revenue 71,545 75,504 141,825 151,206 USAT Logistics revenue (2) 36,878 37,087 69,528 72,997 USAT Logistics intersegment eliminations (1,065 ) (2,703 ) (2,325 ) (3,697 ) USAT Logistics operating revenue 35,813 34,384 67,203 69,300 Total operating revenue $ 107,358 $ 109,888 $ 209,028 $ 220,506 ( 1 Includes foreign revenue of $9.1 $18.8 three six June 30, 2017, $9.6 $19.3 three six June 30, 2016, ( 2 USAT Logistics de Mexico was established on March 4, 2017. three six June 30, 2017 $0.2 $0.2 A summary of operating (loss) income by segment is as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, Operating (loss) income 201 7 2016 201 7 2016 Trucking $ (4,843 ) $ (2,733 ) $ (11,971 ) $ (7,102 ) USAT Logistics 1,877 2,176 2,606 4,182 Total operating loss $ (2,966 ) $ (557 ) $ (9,365 ) $ (2,920 ) A summary of depreciation and amortization by segment is as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, Depreciation and amortization 201 7 2016 201 7 2016 Trucking $ 6,759 $ 7,470 $ 14,323 $ 14,620 USAT Logistics 120 129 200 251 Total depreciation and amortization $ 6,879 $ 7,599 $ 14,523 $ 14,871

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	Jun. 30, 2017
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, Accrued expenses 2017 2016 Salaries, wages and employee benefits $ 4,385 $ 2,480 Federal and state tax accruals 1,855 1,579 Restructuring, impairment and other costs (1) 973 1,404 Other (2) 1,483 2,070 Total accrued expenses $ 8,696 $ 7,533 ( 1 Refer to Note 12 ( 2 As of June 30, 2017 December 31, 2016, no 5.0%

Note 7 - Long-term Debt

Note 7 - Long-term Debt	6 Months Ended
	Jun. 30, 2017
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, 2017 2016 Revolving credit agreement $ 80,175 $ 96,600 In February 2015, The Credit Facility is structured as a $170.0 no $80.0 $20.0 five February 5, 2020. 0.50% May 31, 2016, 0.25% 1.00% 1.50% May 31, 2016, two 30 1.25% 2.00% $170.0 $15.0 $20.0 0.25% Borrowings under the Credit Facility are subject to a borrowing base limited to the lesser of (A) $170.0 90% 85% 85% 85% $10.0 85% 85% not The Credit Facility contains a single financial covenant, which requires a consolidated fixed charge coverage ratio of at least 1.0 1.0, 10% not 10%, $17.0 twelve $34.0 20% 2017, may 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 may The Company had no June 30, 2017. June 30, 2017, 3.0%. June 30, 2017, $5.4 $42.2 million available under the Credit Facility .

Note 8 - Leases and Commitments

Note 8 - Leases and Commitments	6 Months Ended
	Jun. 30, 2017
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 60 Capitalized Costs Accumulated Amortization Net Book Value June 30, 2017 $ 69,504 $ 21,751 $ 47,753 December 31, 2016 69,748 17,428 52,320 The Company has capitalized lease obligations relating to revenue equipment as of June 30, 2017 $46.3 $14.8 October 2020 nil 3.11% June 30, 2017. $1.7 $3.6 three six June 30, 2017, $1.2 $2.5 three six June 30, 2016, OPERATING LEASES Rent expense associated with operating leases was $3.1 $5.6 three six June 30, 2017, $2.4 $4.5 three six June 30, 2016, As of June 30, 2017, one one 2017 2018 2019 2020 2021 Thereafter Capital leases $ 15,957 $ 8,331 $ 13,825 $ 10,252 $ -- $ -- Operating leases 11,306 9,565 7,191 1,828 211 492 During the first 2017, $11.0 41 $0.03 OTHER COMMITMENTS As of June 30, 2017, $8.6 none

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9 – INCOME tAXES During the three June 30, 2017 2016, 29.6% 5.3%, six June 30, 2017 2016, 33.0% 30.7%, may When the result of the expected annual effective tax rate is not

Note 10 - Loss Per Share

Note 10 - Loss Per Share	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 10 LOSS PER SHARE Basic loss per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted loss per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive stock options and restricted stock. The computation of diluted loss per share does not The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, Numerator: 201 7 2016 201 7 2016 Net loss $ (2,846 ) $ (1,346 ) $ (7,736 ) $ (3,153 ) Denominator: Denominator for basic earnings per share – weighted average shares 8,028 8,734 8,028 9,069 Effect of dilutive securities: Employee stock options and restricted stock -- -- -- -- Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion 8,028 8,734 8,028 9,069 Basic loss per share $ (0.35 ) $ (0.15 ) $ (0.96 ) $ (0.35 ) Diluted loss per share $ (0.35 ) $ (0.15 ) $ (0.96 ) $ (0.35 ) Weighted average anti-dilutive employee stock options and restricted stock -- 20 2 7

Note 11 - Legal Proceedings

Note 11 - Legal Proceedings	6 Months Ended
	Jun. 30, 2017
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. Though management believes these claims to be immaterial to the Company’s long-term financial position, adverse results of one

Note 12 - Restructuring, Impair

Note 12 - Restructuring, Impairment and Other Costs	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 12 – RESTRUCTURING, IMPAIRMENT AND OTHER COSTS During 2016, four The following tables summarize the Company’s liabilities, charges, and cash payments related to the restructuring plan made during the six June 30, 2017 ( Accrued Balance December 31, 2016 Costs Incurred Payments Expenses/ Charges Accrued Balance June 30 , 2017 Compensation and benefits $ 81 $ -- $ (81 ) $ -- $ -- Facility closing expenses 1,323 -- (350 ) -- 973 Total $ 1,404 $ -- $ (431 ) $ -- $ 973 Three Months Ended June 30, Six Months Ended June 30, Costs i ncurred 2017 2016 2017 2016 Trucking $ -- $ -- $ -- $ 4,848 USAT Logistics -- -- -- 416 Total $ -- $ -- $ -- $ 5,264 The following tables summarize the Company’s liabilities, charges, and cash payments related to executive severance agreements made during the six June 30, 2017 ( Accrued Balance December 31, 2016 Costs Incurred Payments Expenses/ Charges Accrued Balance June 30 , 2017 Severance costs in salaries, wages and employee benefits $ 277 $ 899 $ (726 ) $ -- $ 450 Total $ 277 $ 899 $ (726 ) $ -- $ 450 Three Months Ended June 30, Six Months Ended June 30, Costs i ncurred 2017 2016 2017 2016 Trucking $ 56 $ 697 $ 642 $ 697 USAT Logistics 26 -- 257 -- Total $ 82 $ 697 $ 899 $ 697 In May 2016, $0.7 10 June 30, 2016. June 30, 2017, $0.1 In January 2017, $425,000 twelve $120,000 $30,000 $171,125. $0.6 $0.2 June 30, 2017, $0.2 nil

Note 5 - Segment Reporting (Tab

Note 5 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, Operating revenue 201 7 2016 201 7 2016 Trucking revenue (1) $ 71,731 $ 75,750 $ 142,202 $ 151,786 Trucking intersegment eliminations (186 ) (246 ) (377 ) (580 ) Trucking operating revenue 71,545 75,504 141,825 151,206 USAT Logistics revenue (2) 36,878 37,087 69,528 72,997 USAT Logistics intersegment eliminations (1,065 ) (2,703 ) (2,325 ) (3,697 ) USAT Logistics operating revenue 35,813 34,384 67,203 69,300 Total operating revenue $ 107,358 $ 109,888 $ 209,028 $ 220,506 Three Months Ended Six Months Ended June 30, June 30, Operating (loss) income 201 7 2016 201 7 2016 Trucking $ (4,843 ) $ (2,733 ) $ (11,971 ) $ (7,102 ) USAT Logistics 1,877 2,176 2,606 4,182 Total operating loss $ (2,966 ) $ (557 ) $ (9,365 ) $ (2,920 ) Three Months Ended Six Months Ended June 30, June 30, Depreciation and amortization 201 7 2016 201 7 2016 Trucking $ 6,759 $ 7,470 $ 14,323 $ 14,620 USAT Logistics 120 129 200 251 Total depreciation and amortization $ 6,879 $ 7,599 $ 14,523 $ 14,871

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	June 30, December 31, Accrued expenses 2017 2016 Salaries, wages and employee benefits $ 4,385 $ 2,480 Federal and state tax accruals 1,855 1,579 Restructuring, impairment and other costs (1) 973 1,404 Other (2) 1,483 2,070 Total accrued expenses $ 8,696 $ 7,533

Note 7 - Long-term Debt (Tables

Note 7 - Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, December 31, 2017 2016 Revolving credit agreement $ 80,175 $ 96,600

Note 8 - Leases and Commitmen22

Note 8 - Leases and Commitments (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Capital Leased Assets [Table Text Block]	Capitalized Costs Accumulated Amortization Net Book Value June 30, 2017 $ 69,504 $ 21,751 $ 47,753 December 31, 2016 69,748 17,428 52,320
Lessee, Operating Lease, Disclosure [Table Text Block]	2017 2018 2019 2020 2021 Thereafter Capital leases $ 15,957 $ 8,331 $ 13,825 $ 10,252 $ -- $ -- Operating leases 11,306 9,565 7,191 1,828 211 492

Note 10 - Loss Per Share (Table

Note 10 - Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, Numerator: 201 7 2016 201 7 2016 Net loss $ (2,846 ) $ (1,346 ) $ (7,736 ) $ (3,153 ) Denominator: Denominator for basic earnings per share – weighted average shares 8,028 8,734 8,028 9,069 Effect of dilutive securities: Employee stock options and restricted stock -- -- -- -- Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion 8,028 8,734 8,028 9,069 Basic loss per share $ (0.35 ) $ (0.15 ) $ (0.96 ) $ (0.35 ) Diluted loss per share $ (0.35 ) $ (0.15 ) $ (0.96 ) $ (0.35 ) Weighted average anti-dilutive employee stock options and restricted stock -- 20 2 7

Note 12 - Restructuring, Impa24

Note 12 - Restructuring, Impairment and Other Costs (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued Balance December 31, 2016 Costs Incurred Payments Expenses/ Charges Accrued Balance June 30 , 2017 Compensation and benefits $ 81 $ -- $ (81 ) $ -- $ -- Facility closing expenses 1,323 -- (350 ) -- 973 Total $ 1,404 $ -- $ (431 ) $ -- $ 973 Accrued Balance December 31, 2016 Costs Incurred Payments Expenses/ Charges Accrued Balance June 30 , 2017 Severance costs in salaries, wages and employee benefits $ 277 $ 899 $ (726 ) $ -- $ 450 Total $ 277 $ 899 $ (726 ) $ -- $ 450
Restructuring and Related Costs By Segment [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, Costs i ncurred 2017 2016 2017 2016 Trucking $ -- $ -- $ -- $ 4,848 USAT Logistics -- -- -- 416 Total $ -- $ -- $ -- $ 5,264 Three Months Ended June 30, Six Months Ended June 30, Costs i ncurred 2017 2016 2017 2016 Trucking $ 56 $ 697 $ 642 $ 697 USAT Logistics 26 -- 257 -- Total $ 82 $ 697 $ 899 $ 697

Note 2 - New Accounting Prono25

Note 2 - New Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Stockholders' Equity Attributable to Parent	$ 50,962	$ 58,588
Retained Earnings [Member]
Stockholders' Equity Attributable to Parent	$ 50,227	57,963
Accounting Standards Update 2016-09 [Member] | Restatement Adjustment [Member]
Stockholders' Equity Attributable to Parent		125
Accounting Standards Update 2016-09 [Member] | Restatement Adjustment [Member] | Retained Earnings [Member]
Stockholders' Equity Attributable to Parent		$ (209)

Note 3 - Note Receivable (Detai

Note 3 - Note Receivable (Details Textual) - USD ($) $ in Thousands	Apr. 26, 2017	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2010
Proceeds from Sale of Real Estate					$ 200
Deferred Gain Sale Of Property					700
Proceeds from Sale of Property, Plant, and Equipment			$ 9,856	$ 12,696
Gain (Loss) on Disposition of Property Plant Equipment		$ 200
Terminal Facility [Member]
Proceeds from Sale of Property, Plant, and Equipment	$ 1,600
Other Receivables [Member]
Financing Receivable, Net	$ 1,400				$ 2,100

Note 4 - Equity Compensation 27

Note 4 - Equity Compensation and Employee Benefit Plans (Details Textual) - Incentive Plan [Member] - shares	May 10, 2017	Jun. 30, 2017
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 Additional Shares Authorized	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		583,690

Note 5 - Segment Reporting (Det

Note 5 - Segment Reporting (Details Textual) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)
Number of Reportable Segments				2
Revenues		$ 107,358	$ 109,888	$ 209,028	$ 220,506
Trucking [Member]
Revenues		71,545	75,504	141,825	151,206
Trucking [Member] | Operating Segments [Member]
Revenues	[1]	71,731	75,750	142,202	151,786
Trucking [Member] | Foreign Countries [Member] | Operating Segments [Member]
Revenues		9,100	9,600	18,800	19,300
USAT Logistics [Member]
Revenues		35,813	34,384	67,203	69,300
USAT Logistics [Member] | Operating Segments [Member]
Revenues	[2]	36,878	$ 37,087	69,528	$ 72,997
USAT Logistics [Member] | Foreign Countries [Member] | Operating Segments [Member]
Revenues		$ 200		$ 200
[1]	Includes foreign revenue of $9.1 million and $18.8 million for the three and six months ended June 30, 2017, respectively, and $9.6 million and $19.3 million for the three and six months ended June 30, 2016, respectively. All foreign revenue is collected in U.S. dollars.
[2]	USAT Logistics de Mexico was established on March 4, 2017. Foreign revenue for the three and six months ended June 30, 2017 was $0.2 million and $0.2 million, respectively.

Note 5 - Segment Reporting - Se

Note 5 - Segment Reporting - Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues		$ 107,358	$ 109,888	$ 209,028	$ 220,506
Operating loss		(2,966)	(557)	(9,365)	(2,920)
Depreciation and amortization		6,879	7,599	14,523	14,871
Trucking [Member]
Revenues		71,545	75,504	141,825	151,206
Trucking [Member] | Operating Segments [Member]
Revenues	[1]	71,731	75,750	142,202	151,786
Operating loss		(4,843)	(2,733)	(11,971)	(7,102)
Depreciation and amortization		6,759	7,470	14,323	14,620
Trucking [Member] | Intersegment Eliminations [Member]
Revenues		(186)	(246)	(377)	(580)
USAT Logistics [Member]
Revenues		35,813	34,384	67,203	69,300
USAT Logistics [Member] | Operating Segments [Member]
Revenues	[2]	36,878	37,087	69,528	72,997
Operating loss		1,877	2,176	2,606	4,182
Depreciation and amortization		120	129	200	251
USAT Logistics [Member] | Intersegment Eliminations [Member]
Revenues		$ (1,065)	$ (2,703)	$ (2,325)	$ (3,697)
[1]	Includes foreign revenue of $9.1 million and $18.8 million for the three and six months ended June 30, 2017, respectively, and $9.6 million and $19.3 million for the three and six months ended June 30, 2016, respectively. All foreign revenue is collected in U.S. dollars.
[2]	USAT Logistics de Mexico was established on March 4, 2017. Foreign revenue for the three and six months ended June 30, 2017 was $0.2 million and $0.2 million, respectively.

Note 6 - Accrued Expenses - Sum

Note 6 - Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Salaries, wages and employee benefits		$ 4,385	$ 2,480
Federal and state tax accruals		1,855	1,579
Restructuring, impairment and other costs	[1]	973	1,404
Other (2)	[2]	1,483	2,070
Total accrued expenses		$ 8,696	$ 7,533
[1]	Refer to note 12 of the footnotes in this Form 10-Q for additional information regarding the restructuring, impairment and other costs.
[2]	As of June 30, 2017 and December 31, 2016, no single item included within other accrued expenses exceeded 5.0% of our total current liabilities.

Note 7 - Long-term Debt (Detail

Note 7 - Long-term Debt (Details Textual) - USD ($) $ in Thousands	1 Months Ended
	Feb. 28, 2015	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Revolving Credit Facility [Member]
Line Of Credit Facility Additional Borrowing Capacity	$ 80,000
Line of Credit Facility, Additional Borrowing Capacity, Incremental Amount	$ 20,000
Debt Instrument, Term	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 170,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Letters of Credit Outstanding, Amount				$ 5,400
Debt Instrument, Covenant, Fixed Charge Coverage Ratio	1
Minimum Excess Availability Percentage of Maximum Revolver Amount	10.00%
Line of Credit Facility, Remaining Borrowing Capacity				42,200
Long-term Line of Credit				$ 80,175	$ 96,600
Debt, Weighted Average Interest Rate				3.00%
Revolving Credit Facility [Member] | Overnight Borrowings [Member]
Long-term Line of Credit				$ 0
Revolving Credit Facility [Member] | Eligible Investment Grade Accounts Receivable [Member]
Borrowing Based Treshhold, Percentage	85.00%
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 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	$ 10,000
Revolving Credit Facility [Member] | Newly Acquired Revenue Equipment [Member]
Borrowing Based Treshhold, Percentage	85.00%
Revolving Credit Facility [Member] | Scenario, Forecast [Member]
Minimum Excess Availability Percentage of Maximum Revolver Amount		10.00%
Line of Credit Facility, Remaining Borrowing Capacity		$ 17,000	$ 34,000
Availability Percentage of Maximum Revolver Amount			20.00%
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] | 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] | 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%
Letter of Credit Sub Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000
Swing Line Sub Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 20,000

Note 7 - Long-term Debt - Summa

Note 7 - Long-term Debt - Summary of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Revolving Credit Facility [Member]
Revolving credit agreement	$ 80,175	$ 96,600

Note 8 - Leases and Commitmen33

Note 8 - Leases and Commitments (Details Textual) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Capital Lease Obligations	$ 46,300			$ 46,300
Capital Lease Obligations, Current	14,761			14,761		$ 16,742
Capital Leases, Income Statement, Amortization Expense	1,700		$ 1,200	3,600	$ 2,500
Operating Leases, Rent Expense	3,100		$ 2,400	5,600	4,500
Sale Leaseback Transaction, Net Proceeds, Investing Activities				10,980
Revenue and Non-revenue Equipment [Member]
Purchase Obligation	$ 8,600			$ 8,600
Sale-leaseback of Tractors to an Unrelated Party [Member]
Sale Leaseback Transaction, Net Proceeds, Investing Activities		$ 11,000
Lessee, Operating Lease, Term of Contract		3 years 150 days
Sale Leaseback Transaction, Deferred Gain, Net		$ 30
Minimum [Member]
Capital Lease Term				1 year 90 days
Minimum [Member] | Capital Lease Obligations [Member]
Debt Instrument, Interest Rate, Effective Percentage	0.00%			0.00%
Maximum [Member]
Capital Lease Term				5 years
Maximum [Member] | Capital Lease Obligations [Member]
Debt Instrument, Interest Rate, Effective Percentage	3.11%			3.11%

Note 8 - Leases and Commitmen34

Note 8 - Leases and Commitments - Capital Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accumulated Amortization	$ 21,751	$ 17,428
Net Book Value	47,753	52,320
Capitalized Costs	$ 69,504	$ 69,748

Note 8 - Leases and Commitmen35

Note 8 - Leases and Commitments - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2017USD ($)
2,017	$ 15,957
2,018	8,331
2,019	13,825
2,020	10,252
2,021
Thereafter
2,017	11,306
2,018	9,565
2,019	7,191
2,020	1,828
2,021	211
Thereafter	$ 492

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	29.60%	5.30%	33.00%	30.70%

Note 10 - Loss Per Share - Comp

Note 10 - Loss Per Share - Computation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net loss	$ (2,846)	$ (1,346)	$ (7,736)	$ (3,153)
Denominator:
Denominator for basic earnings per share – weighted average shares (in shares)	8,028	8,734	8,028	9,069
Effect of dilutive securities:
Employee stock options and restricted stock (in shares)
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion (in shares)	8,028	8,734	8,028	9,069
Basic loss per share (in dollars per share)	$ (0.35)	$ (0.15)	$ (0.96)	$ (0.35)
Diluted loss per share (in dollars per share)	$ (0.35)	$ (0.15)	$ (0.96)	$ (0.35)
Weighted average anti-dilutive employee stock options and restricted stock (in shares)		20	2	7

Note 12 - Restructuring, Impa38

Note 12 - Restructuring, Impairment and Other Costs (Details Textual)		1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
		Jan. 31, 2017USD ($)	May 31, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Restructuring and Related Cost, Number of Facilities Closed								4
Restructuring Charges							$ 5,264,000
Restructuring Reserve	[1]			973,000		973,000		$ 1,404,000
Employee Severance [Member]
Restructuring Charges
Restructuring Reserve								$ 81,000
Employee Severance [Member] | Separation Agreement [Member]
Restructuring Reserve				100,000		100,000
Employee Severance [Member] | Separation Agreement [Member] | Salaries, Wages and Employee Benefits [Member]
Restructuring Charges			$ 700,000
Employee Severance [Member] | Rogers Separation Agreement [Member]
Deferred Compensation Arrangement with Individual, Term for Base Salary Continuation		1 year
Restructuring Reserve				200,000		200,000
Employee Severance [Member] | Rogers Separation Agreement [Member] | Base Salary Continuation [Member]
Deferred Compensation Arrangement with Individual, Distribution Paid		$ 425,000
Employee Severance [Member] | Rogers Separation Agreement [Member] | Separation Payment [Member]
Deferred Compensation Arrangement with Individual, Distribution Paid		120,000
Employee Severance [Member] | Rogers Separation Agreement [Member] | Moving and Transition Expenses [Member]
Deferred Compensation Arrangement with Individual, Distribution Paid		30,000
Employee Severance [Member] | Rogers Separation Agreement [Member] | Salaries, Wages and Employee Benefits [Member]
Restructuring Charges		600,000
Employee Severance [Member] | Rhodes Separation Agreement [Member]
Deferred Compensation Arrangement with Individual, Distribution Paid		171,125
Restructuring Reserve				$ 0		$ 0
Employee Severance [Member] | Rhodes Separation Agreement [Member] | Salaries, Wages and Employee Benefits [Member]
Restructuring Charges		$ 200,000
[1]	Refer to note 12 of the footnotes in this Form 10-Q for additional information regarding the restructuring, impairment and other costs.

Note 12 - Restructuring, Impa39

Note 12 - Restructuring, Impairment and Other Costs - Restructuring and Related Charges (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Expenses/charges
Accrued balance	[1]	$ 973		973
Accrued balance	[1]			1,404
Costs incurred					$ 5,264
Payments				(431)
Employee Severance [Member]
Expenses/charges
Accrued balance
Accrued balance				81
Costs incurred
Payments				(81)
Executive Severance [Member]
Expenses/charges
Accrued balance		450		450
Accrued balance				277
Costs incurred		82	$ 697	899	$ 697
Payments				(726)
Facility Closing [Member]
Expenses/charges
Accrued balance		$ 973		973
Accrued balance				1,323
Costs incurred
Payments				$ (350)
[1]	Refer to note 12 of the footnotes in this Form 10-Q for additional information regarding the restructuring, impairment and other costs.

Note 12 - Restructuring, Impa40

Note 12 - Restructuring, Impairment and Other Costs - Restructuring Costs by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Costs incurred				$ 5,264
Executive Severance [Member]
Costs incurred	82	697	899	697
Trucking [Member]
Costs incurred				4,848
Trucking [Member] | Executive Severance [Member]
Costs incurred	56	$ 697	642	697
USAT Logistics [Member]
Costs incurred				$ 416
USAT Logistics [Member] | Executive Severance [Member]
Costs incurred	$ 26		$ 257