USA Truck (USAK) 10-Q 27 Jul 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 20, 2018
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)		8,312,658
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash	$ 29	$ 71
Accounts receivable, net of allowance for doubtful accounts of $643 and $639, respectively	61,150	55,138
Other receivables	9,497	2,787
Inventories	415	458
Assets held for sale	2,451	112
Prepaid expenses and other current assets	5,256	6,025
Total current assets	78,798	64,591
Property and equipment:
Land and structures	31,847	31,452
Revenue equipment	227,431	252,484
Service, office and other equipment	26,522	26,209
Property and equipment, at cost	285,800	310,145
Accumulated depreciation and amortization	(115,780)	(122,329)
Property and equipment, net	170,020	187,816
Other assets	1,332	1,448
Total assets	250,150	253,855
Current liabilities:
Accounts payable	32,240	24,332
Current portion of insurance and claims accruals	17,995	13,552
Accrued expenses	11,498	9,108
Current maturities of capital leases	8,014	12,929
Insurance premium financing	1,330	4,115
Total current liabilities	71,077	64,036
Deferred gain	1,488	480
Long-term debt	54,950	61,225
Capital leases, less current maturities	25,994	29,216
Deferred income taxes	18,274	21,136
Insurance and claims accruals, less current portion	8,242	11,274
Total liabilities	180,025	187,367
Stockholders’ equity:
Preferred Stock, $0.01 par value; 1,000,000 shares authorized; none issued
Common Stock, $0.01 par value; 30,000,000 shares authorized; issued 12,015,174 shares, and 12,142,391 shares, respectively	120	121
Additional paid-in capital	65,738	68,667
Retained earnings	69,039	65,460
Less treasury stock, at cost (3,702,444 shares, and 3,853,064 shares, respectively)	(64,772)	(67,760)
Total stockholders’ equity	70,125	66,488
Total liabilities and stockholders’ equity	$ 250,150	$ 253,855

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accounts receivable, allowance for doubtful accounts	$ 643	$ 639
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)	12,015,174	12,142,391
Treasury stock, shares (in shares)	3,702,444	3,853,064

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue
Operating revenue	$ 135,381	$ 107,358	$ 260,394	$ 209,028
Operating expenses
Salaries, wages and employee benefits	31,645	29,221	63,882	59,860
Fuel and fuel taxes	13,984	10,479	27,463	21,253
Depreciation and amortization	7,477	6,879	14,657	14,523
Insurance and claims	5,341	5,561	10,943	13,893
Equipment rent	2,151	2,633	4,869	4,747
Operations and maintenance	8,913	7,950	16,874	14,521
Purchased transportation	55,817	41,005	104,855	78,408
Operating taxes and licenses	1,262	1,024	1,764	1,974
Communications and utilities	677	598	1,390	1,264
Gain on disposal of assets, net	(395)	(77)	(564)	(337)
Restructuring, impairment and other costs (reversal)			(639)
Other	4,198	5,051	8,197	8,287
Total operating expenses	131,070	110,324	253,691	218,393
Operating income (loss)	4,311	(2,966)	6,703	(9,365)
Other expenses
Interest expense, net	833	950	1,651	1,953
Other, net	113	128	233	226
Total other expenses, net	946	1,078	1,884	2,179
Income (loss) before income taxes	3,365	(4,044)	4,819	(11,544)
Income tax expense (benefit)	821	(1,198)	1,240	(3,808)
Consolidated net income (loss) and comprehensive income (loss)	$ 2,544	$ (2,846)	$ 3,579	$ (7,736)
Net earnings (loss) per share
Average shares outstanding (basic) (in shares)	8,205	8,028	8,141	8,028
Basic earnings (loss) per share (in dollars per share)	$ 0.31	$ (0.35)	$ 0.44	$ (0.96)
Average shares outstanding (diluted) (in shares)	8,227	8,028	8,167	8,028
Diluted earnings (loss) per share (in dollars per share)	$ 0.31	$ (0.35)	$ 0.44	$ (0.96)

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2018 - 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, 2017	12,142
Balance at Dec. 31, 2017	$ 121	$ 68,667	$ 65,460	$ (67,760)	$ 66,488
Issuance of treasury stock		(2,988)		2,988
Stock-based compensation		168			168
Restricted stock award grant (in shares)
Restricted stock award grant
Forfeited restricted stock (in shares)	(125)
Forfeited restricted stock	$ (1)	1
Net share settlement related to restricted stock vesting (in shares)	(2)
Net share settlement related to restricted stock vesting		(110)			(110)
Net income (loss)			3,579		3,579
Balance (in shares) at Jun. 30, 2018	12,015
Balance at Jun. 30, 2018	$ 120	$ 65,738	$ 69,039	$ (64,772)	$ 70,125

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating activities:
Net income (loss)	$ 3,579	$ (7,736)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	14,657	14,523
Deferred income tax, net	(2,862)	(6,196)
Share-based compensation	168	152
Gain on disposal of assets, net	(564)	(337)
Reversal of previously recorded restructuring, impairment and other costs	(639)
Other	(324)	(70)
Changes in operating assets and liabilities:
Accounts receivable	(7,398)	944
Inventories and prepaid expenses	813	1,660
Accounts payable and accrued liabilities	9,472	3,328
Insurance and claims accruals	1,410	3,075
Other long-term assets and liabilities	116	119
Net cash provided by operating activities	18,428	9,462
Investing activities:
Capital expenditures	(4,288)	(3,468)
Proceeds from sale of property and equipment	2,766	9,856
Proceeds from operating sale leaseback		10,980
Net cash (used in) provided by investing activities	(1,522)	17,368
Financing activities:
Borrowings under long-term debt	17,478	11,855
Payments on long-term debt	(26,538)	(30,996)
Payments on capitalized lease obligations	(8,137)	(5,467)
Net change in bank drafts payable	359	(2,136)
Net payments for tax withholdings for vested stock-based awards	(110)	15
Issuance of treasury stock		(57)
Net cash used in financing activities	(16,948)	(26,786)
(Decrease) increase in cash	(42)	44
Cash:
Beginning of period	71	122
End of period	29	166
Supplemental disclosure of cash flow information:
Interest	1,681	1,936
Income taxes	$ 2,413	$ 124

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2018
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, 2018 not may December 31, 2018. 10 December 31, 2017. 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, 2018
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, 2014 09” 2014 09 2014 09 five may not 2014 09 January 1, 2018 January 1, 2018 three six June 30, 2018. In February 2016, No. 2016 02, not twelve first 2019, not 9

Note 3 - Revenue Recognition

Note 3 - Revenue Recognition	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 3 – REVENUE RECOGNITION Revenue is measured based upon consideration specified in a contract with a customer. The Company recognizes revenue when contractual performance obligations are satisfied by transferring the benefit of the service to our customer. The benefit is transferred to the customer as the service is being provided and revenue is recognized accordingly via time based metrics. The Company is entitled to receive payment as it satisfies performance obligations with customers. Our business consists of two 4. Disaggregation of revenue The Company’s revenue types are line haul, fuel surcharge and accessorial. Line haul revenue represents the majority of our revenue and consists of fees earned for freight transportation, excluding fuel surcharge. Fuel surcharge revenue consists of additional fees earned by the Company in connection with the performance of line haul services to partially or completely offset the cost of fuel. Accessorial revenue consists of ancillary services provided by the Company, including but not Three Months Ended June 30, Revenue type 2018 2017 Trucking USAT Logistics Total Trucking USAT Logistics Total Freight $ 72,925 $ 44,624 $ 117,549 $ 61,667 $ 32,742 $ 94,409 Fuel surcharge 12,123 4,151 16,274 8,828 2,492 11,320 Accessorial 521 1,037 1,558 1,050 579 1,629 Total $ 85,569 $ 49,812 $ 135,381 $ 71,545 $ 35,813 $ 107,358 Six Months Ended June 30, Revenue type 2018 2017 Trucking USAT Logistics Total Trucking USAT Logistics Total Freight $ 139,729 $ 85,102 $ 224,831 $ 121,516 $ 60,844 $ 182,360 Fuel surcharge 23,298 7,710 31,008 18,015 5,147 23,162 Accessorial 1,275 3,280 4,555 2,294 1,212 3,506 Total $ 164,302 $ 96,092 $ 260,394 $ 141,825 $ 67,203 $ 209,028

Note 4 - Segment Reporting

Note 4 - Segment Reporting	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 4 – SEGMENT REPORTING The Company’s two Trucking one one not one USAT Logistics third Revenue equipment assets are not third 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. 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 8 2017 201 8 2017 Trucking revenue (1) $ 85,685 $ 71,731 $ 164,531 $ 142,202 Trucking intersegment eliminations (116 ) (186 ) (229 ) (377 ) Trucking operating revenue 85,569 71,545 164,302 141,825 USAT Logistics revenue 50,616 36,878 97,391 69,528 USAT Logistics intersegment eliminations (804 ) (1,065 ) (1,299 ) (2,325 ) USAT Logistics operating revenue 49,812 35,813 96,092 67,203 Total operating revenue $ 135,381 $ 107,358 $ 260,394 $ 209,028 ( 1 Includes foreign revenue of $11.0 $20.9 three six June 30, 2018, $9.1 $17.9 three six June 30, 2017, A summary of operating income (loss) by segment is as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, Operating income (loss) 201 8 2017 201 8 2017 Trucking $ 2,153 $ (4,843 ) $ 1,689 $ (11,971 ) USAT Logistics 2,158 1,877 5,014 2,606 Total operating income (loss) $ 4,311 $ (2,966 ) $ 6,703 $ (9,365 ) 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 8 2017 201 8 2017 Trucking $ 7,299 $ 6,759 $ 14,325 $ 14,323 USAT Logistics 178 120 332 200 Total depreciation and amortization $ 7,477 $ 6,879 $ 14,657 $ 14,523

Note 5 - Equity Compensation an

Note 5 - Equity Compensation and Employee Benefit Plans	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 5 – EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS The Company adopted the 2014 May 2014. 2004 500,000 May 2017, 500,000 June 30, 2018, 577,028

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	Jun. 30, 2018
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 2018 2017 Salaries, wages and employee benefits $ 5,569 $ 3,604 Federal and state tax accruals 4,995 3,587 Restructuring, impairment and other costs -- 770 Other (1) 934 1,147 Total accrued expenses $ 11,498 $ 9,108 ( 1 As of June 30, 2018 December 31, 2017, no 5.0%

Note 7 - Insurance Premium Fina

Note 7 - Insurance Premium Financing	6 Months Ended
	Jun. 30, 2018
Insurance Premiums Financing Note [Member]
Notes to Financial Statements
Short-term Debt [Text Block]	NOTE 7 – INSURANCE PREMIUM FINANCING In October 2017, $4.1 third $1.4 3.0% October 2018. June 30, 2018 $1.3

Note 8 - Long-term Debt

Note 8 - Long-term Debt	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Long-term Debt [Text Block]	NOTE 8 – LONG-TERM DEBT Long-term debt consisted of the following (in thousands): June 30 , December 31, 2018 2017 Revolving credit agreement $ 54,950 $ 61,225 In February 2015, The Credit Facility is structured as a $170.0 no $80.0 $20.0 five February 5, 2020. 0.25% 1.00% 1.25% 2.00% two 30 $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% 20% not 20%, $34.0 twelve The Company had borrowings of $0.7 June 30, 2018. June 30, 2018, 3.62%. June 30, 2018, $5.4 $68.2

Note 9 - Leases and Commitments

Note 9 - Leases and Commitments	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	Note 9 – LEASES AND Commitments As of June 30, 2018, one one 2018 2019 2020 2021 2022 Thereafter Capital leases, including interest component $ 5,228 $ 12,317 $ 16,050 $ 327 $ 327 $ 1,578 Operating leases 5,894 8,135 4,792 729 235 371 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 , 2018 $ 51,429 $ 16,308 $ 35,121 December 31, 2017 66,785 23,254 43,531 The Company has capitalized lease obligations relating to revenue equipment as of June 30, 2018 $34.0 $8.0 November 2024 nil 3.11% June 30, 2018. $1.2 $2.7 three six June 30, 2018, $1.7 $3.6 three six June 30, 2017, OPERATING LEASES Rent expense associated with operating leases was $2.6 $5.6 three six June 30, 2018, $3.1 $5.6 three six June 30, 2017, During the quarter ended June 30, 2018, $5.3 six $5.3 June 30, 2018. July. $1.3 OTHER COMMITMENTS As of June 30, 2018, $54.2 none

Note 10 - Income Taxes

Note 10 - Income Taxes	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 10 – INCOME tAXES During the three June 30, 2018 2017, 24.4% 29.6%, six June 30, 2018 2017, 25.7% 33.0%, 21%, 2018 may When the result of the expected annual effective tax rate is not

Note 11 - Earnings (Loss) Per S

Note 11 - Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 1 1 – EARNINGS ( LOSS ) PER SHARE Basic earnings (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive restricted stock. The computation of diluted earnings (loss) per share does not The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, Numerator: 201 8 2017 201 8 2017 Net income (loss) $ 2,544 $ (2,846 ) $ 3,579 $ (7,736 ) Denominator: Denominator for basic earnings (loss) per share – weighted average shares 8,205 8,028 8,141 8,028 Effect of dilutive securities: Employee restricted stock 22 -- 26 -- Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion 8,227 8,028 8,167 8,028 Basic earnings (loss) per share $ 0.31 $ (0.35 ) $ 0.44 $ (0.96 ) Diluted earnings (loss) per share $ 0.31 $ (0.35 ) $ 0.44 $ (0.96 ) Weighted average anti-dilutive employee restricted stock 99 -- 61 2

Note 12 - Legal Proceedings

Note 12 - Legal Proceedings	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	NOTE 1 2 – 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 13 - Restructuring, Impair

Note 13 - Restructuring, Impairment and Other Costs	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 1 3 – RESTRUCTURING, IM PAIRMENT AND OTHER COSTS During first 2018, first 2016. $0.6 three March 31, 2018. The following tables summarize the Company’s liabilities, charges, and cash payments related to the restructuring plan made during the six June 30, 2018 ( Accrued Balance December 31, 2017 Costs Incurred Payments Expenses/ Charges Accrued Balance June 30 , 2018 Compensation and benefits $ -- $ -- $ -- $ -- $ -- Facility closing expenses 770 (639 ) (131 ) -- -- Total $ 770 $ (639 ) $ (131 ) $ -- $ -- Three Months Ended June 30, Six Months Ended June 30, Costs incurred 2018 2017 2018 2017 Trucking $ -- $ -- $ (587 ) $ -- USAT Logistics -- -- (52 ) -- Total $ -- $ -- $ (639 ) $ -- On March 26, 2018, March 23, 2018, May 31, 2018, ( twelve 2018, 5,488 July 30, 2018 5,488 July 30, 2018 June 30, 2018, $0.4 $0.7 The following tables summarize the Company’s liabilities, charges, and cash payments related to executive severance agreements made during the six June 30, 2018 ( Accrued Balance December 31, 2017 Costs Incurred Payments Expenses/ Charges Accrued Balance June 30 , 2018 Severance costs included in salaries, wages and employee benefits $ 35 $ 711 $ (318 ) $ -- $ 428 Three Months Ended June 30, Six Months Ended June 30, Costs i ncurred 2018 2017 2018 2017 Trucking $ -- $ 56 $ 484 $ 642 USAT Logistics -- 26 227 257 Total $ -- $ 82 $ 711 $ 899

Note 3 - Revenue Recognition (T

Note 3 - Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 30, Revenue type 2018 2017 Trucking USAT Logistics Total Trucking USAT Logistics Total Freight $ 72,925 $ 44,624 $ 117,549 $ 61,667 $ 32,742 $ 94,409 Fuel surcharge 12,123 4,151 16,274 8,828 2,492 11,320 Accessorial 521 1,037 1,558 1,050 579 1,629 Total $ 85,569 $ 49,812 $ 135,381 $ 71,545 $ 35,813 $ 107,358 Six Months Ended June 30, Revenue type 2018 2017 Trucking USAT Logistics Total Trucking USAT Logistics Total Freight $ 139,729 $ 85,102 $ 224,831 $ 121,516 $ 60,844 $ 182,360 Fuel surcharge 23,298 7,710 31,008 18,015 5,147 23,162 Accessorial 1,275 3,280 4,555 2,294 1,212 3,506 Total $ 164,302 $ 96,092 $ 260,394 $ 141,825 $ 67,203 $ 209,028

Note 4 - Segment Reporting (Tab

Note 4 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2018
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 8 2017 201 8 2017 Trucking revenue (1) $ 85,685 $ 71,731 $ 164,531 $ 142,202 Trucking intersegment eliminations (116 ) (186 ) (229 ) (377 ) Trucking operating revenue 85,569 71,545 164,302 141,825 USAT Logistics revenue 50,616 36,878 97,391 69,528 USAT Logistics intersegment eliminations (804 ) (1,065 ) (1,299 ) (2,325 ) USAT Logistics operating revenue 49,812 35,813 96,092 67,203 Total operating revenue $ 135,381 $ 107,358 $ 260,394 $ 209,028 Three Months Ended Six Months Ended June 30, June 30, Operating income (loss) 201 8 2017 201 8 2017 Trucking $ 2,153 $ (4,843 ) $ 1,689 $ (11,971 ) USAT Logistics 2,158 1,877 5,014 2,606 Total operating income (loss) $ 4,311 $ (2,966 ) $ 6,703 $ (9,365 ) Three Months Ended Six Months Ended June 30, June 30, Depreciation and amortization 201 8 2017 201 8 2017 Trucking $ 7,299 $ 6,759 $ 14,325 $ 14,323 USAT Logistics 178 120 332 200 Total depreciation and amortization $ 7,477 $ 6,879 $ 14,657 $ 14,523

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	June 30 , December 31, Accrued expenses 2018 2017 Salaries, wages and employee benefits $ 5,569 $ 3,604 Federal and state tax accruals 4,995 3,587 Restructuring, impairment and other costs -- 770 Other (1) 934 1,147 Total accrued expenses $ 11,498 $ 9,108

Note 8 - Long-term Debt (Tables

Note 8 - Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	June 30 , December 31, 2018 2017 Revolving credit agreement $ 54,950 $ 61,225

Note 9 - Leases and Commitmen24

Note 9 - Leases and Commitments (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Lessee, Operating Lease, Disclosure [Table Text Block]	2018 2019 2020 2021 2022 Thereafter Capital leases, including interest component $ 5,228 $ 12,317 $ 16,050 $ 327 $ 327 $ 1,578 Operating leases 5,894 8,135 4,792 729 235 371
Schedule of Capital Leased Assets [Table Text Block]	Capitalized Costs Accumulated Amortization Net Book Value June 30 , 2018 $ 51,429 $ 16,308 $ 35,121 December 31, 2017 66,785 23,254 43,531

Note 11 - Earnings (Loss) Per25

Note 11 - Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
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 8 2017 201 8 2017 Net income (loss) $ 2,544 $ (2,846 ) $ 3,579 $ (7,736 ) Denominator: Denominator for basic earnings (loss) per share – weighted average shares 8,205 8,028 8,141 8,028 Effect of dilutive securities: Employee restricted stock 22 -- 26 -- Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion 8,227 8,028 8,167 8,028 Basic earnings (loss) per share $ 0.31 $ (0.35 ) $ 0.44 $ (0.96 ) Diluted earnings (loss) per share $ 0.31 $ (0.35 ) $ 0.44 $ (0.96 ) Weighted average anti-dilutive employee restricted stock 99 -- 61 2

Note 13 - Restructuring, Impa26

Note 13 - Restructuring, Impairment and Other Costs (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued Balance December 31, 2017 Costs Incurred Payments Expenses/ Charges Accrued Balance June 30 , 2018 Compensation and benefits $ -- $ -- $ -- $ -- $ -- Facility closing expenses 770 (639 ) (131 ) -- -- Total $ 770 $ (639 ) $ (131 ) $ -- $ -- Accrued Balance December 31, 2017 Costs Incurred Payments Expenses/ Charges Accrued Balance June 30 , 2018 Severance costs included in salaries, wages and employee benefits $ 35 $ 711 $ (318 ) $ -- $ 428
Restructuring and Related Costs By Segment [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, Costs incurred 2018 2017 2018 2017 Trucking $ -- $ -- $ (587 ) $ -- USAT Logistics -- -- (52 ) -- Total $ -- $ -- $ (639 ) $ -- Three Months Ended June 30, Six Months Ended June 30, Costs i ncurred 2018 2017 2018 2017 Trucking $ -- $ 56 $ 484 $ 642 USAT Logistics -- 26 227 257 Total $ -- $ 82 $ 711 $ 899

Note 3 - Revenue Recognition (D

Note 3 - Revenue Recognition (Details Textual)	6 Months Ended
	Jun. 30, 2018
Number of Reportable Segments	2

Note 3 - Revenue Recognition -

Note 3 - Revenue Recognition - Disaggregation of Revenue by Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues	$ 135,381	$ 107,358	$ 260,394	$ 209,028
Trucking [Member]
Revenues	85,569	71,545	164,302	141,825
USAT Logistics [Member]
Revenues	49,812	35,813	96,092	67,203
Freight [Member]
Revenues	117,549	94,409	224,831	182,360
Freight [Member] | Trucking [Member]
Revenues	72,925	61,667	139,729	121,516
Freight [Member] | USAT Logistics [Member]
Revenues	44,624	32,742	85,102	60,844
Fuel Surcharge [Member]
Revenues	16,274	11,320	31,008	23,162
Fuel Surcharge [Member] | Trucking [Member]
Revenues	12,123	8,828	23,298	18,015
Fuel Surcharge [Member] | USAT Logistics [Member]
Revenues	4,151	2,492	7,710	5,147
Accessorial [Member]
Revenues	1,558	1,629	4,555	3,506
Accessorial [Member] | Trucking [Member]
Revenues	521	1,050	1,275	2,294
Accessorial [Member] | USAT Logistics [Member]
Revenues	$ 1,037	$ 579	$ 3,280	$ 1,212

Note 4 - Segment Reporting (Det

Note 4 - Segment Reporting (Details Textual) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Number of Reportable Segments				2
Revenues, Total		$ 135,381	$ 107,358	$ 260,394	$ 209,028
Trucking [Member]
Revenues, Total		85,569	71,545	164,302	141,825
Trucking [Member] | Operating Segments [Member]
Revenues, Total	[1]	85,685	71,731	164,531	142,202
Trucking [Member] | Foreign Countries [Member] | Operating Segments [Member]
Revenues, Total		$ 11,000	$ 9,100	$ 20,900	$ 17,900
[1]	Includes foreign revenue of $11.0 million and $20.9 million for the three and six months ended June 30, 2018, respectively, and $9.1 million and $17.9 million for the three and six months ended June 30, 2017, respectively. All foreign revenue is collected in U.S. dollars.

Note 4 - Segment Reporting - Se

Note 4 - Segment Reporting - Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues		$ 135,381	$ 107,358	$ 260,394	$ 209,028
Operating loss		4,311	(2,966)	6,703	(9,365)
Depreciation and amortization		7,477	6,879	14,657	14,523
Trucking [Member]
Revenues		85,569	71,545	164,302	141,825
USAT Logistics [Member]
Revenues		49,812	35,813	96,092	67,203
Operating Segments [Member] | Trucking [Member]
Revenues	[1]	85,685	71,731	164,531	142,202
Operating loss		2,153	(4,843)	1,689	(11,971)
Depreciation and amortization		7,299	6,759	14,325	14,323
Operating Segments [Member] | USAT Logistics [Member]
Revenues		50,616	36,878	97,391	69,528
Operating loss		2,158	1,877	5,014	2,606
Depreciation and amortization		178	120	332	200
Intersegment Eliminations [Member] | Trucking [Member]
Revenues		(116)	(186)	(229)	(377)
Intersegment Eliminations [Member] | USAT Logistics [Member]
Revenues		$ (804)	$ (1,065)	$ (1,299)	$ (2,325)
[1]	Includes foreign revenue of $11.0 million and $20.9 million for the three and six months ended June 30, 2018, respectively, and $9.1 million and $17.9 million for the three and six months ended June 30, 2017, respectively. All foreign revenue is collected in U.S. dollars.

Note 5 - Equity Compensation 31

Note 5 - Equity Compensation and Employee Benefit Plans (Details Textual) - Incentive Plan [Member] - shares	May 10, 2017	Jun. 30, 2018
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		577,028

Note 6 - Accrued Expenses - Sum

Note 6 - Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Salaries, wages and employee benefits		$ 5,569	$ 3,604
Federal and state tax accruals		4,995	3,587
Restructuring, impairment and other costs			770
Other	[1]	934	1,147
Total accrued expenses		$ 11,498	$ 9,108
[1]	As of June 30, 2018 and December 31, 2017, no single item included within other accrued expenses exceeded 5.0% of our total current liabilities.

Note 7 - Insurance Premium Fi33

Note 7 - Insurance Premium Financing (Details Textual) - USD ($) $ in Thousands	Oct. 01, 2017	Jun. 30, 2018	Dec. 31, 2017
Short-term Debt, Total		$ 1,330	$ 4,115
Insurance Premiums Financing Note [Member]
Short-term Debt, Total	$ 4,100
Debt Instrument, Periodic Payment, Total	$ 1,400
Debt Instrument, Interest Rate, Stated Percentage	3.00%

Note 8 - Long-term Debt (Detail

Note 8 - Long-term Debt (Details Textual) - USD ($) $ in Thousands	1 Months Ended
	Feb. 28, 2015	Jun. 30, 2018	Dec. 31, 2017
Line of Credit Facility, Remaining Borrowing Capacity		$ 68,200
Debt, Weighted Average Interest Rate		3.62%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 170,000
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, Unused Capacity, Commitment Fee Percentage	0.25%
Borrowing Based Threshold, Eligible Investment Grade Accounts Receivable, Percentage	85.00%
Borrowing Based Threshold, Eligible Unbilled Accounts Receivable, Percentage	85.00%
Borrowing Base Before Additions of Eligible Revenue Equipment	$ 10,000
Borrowing Based Threshold, Eligible Revenue Equipment, Percentage	85.00%
Borrowing Based Threshold, Newly Acquired Revenue Equipment, Percentage	85.00%
Debt Instrument, Covenant, Fixed Charge Coverage Ratio	1
Minimum Excess Availability Percentage of Maximum Revolver Amount	10.00%
Availability Percentage of Maximum Revolver Amount		20.00%
Line of Credit Facility, Remaining Borrowing Capacity		$ 34,000
Long-term Line of Credit, Total		54,950	$ 61,225
Letters of Credit Outstanding, Amount		5,400
Revolving Credit Facility [Member] | Minimum [Member]
Borrowing Based Threshold, Eligible Investment Grade Accounts Receivable, Percentage	85.00%
Revolving Credit Facility [Member] | Maximum [Member]
Borrowing Based Threshold, Eligible Investment Grade Accounts Receivable, Percentage	90.00%
Revolving Credit Facility [Member] | Through May 31, 2016 [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Revolving Credit Facility [Member] | Through May 31, 2016 [Member] | Maximum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Revolving Credit Facility [Member] | After May 31, 2016 [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Revolving Credit Facility [Member] | After May 31, 2016 [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [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
Long-term Line of Credit, Total		$ 700

Note 8 - Long-term Debt - Summa

Note 8 - Long-term Debt - Summary of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Revolving Credit Facility [Member]
Revolving credit agreement	$ 54,950	$ 61,225

Note 9 - Leases and Commitmen36

Note 9 - Leases and Commitments (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Capital Lease Obligations, Total	$ 34,000		$ 34,000
Capital Lease Obligations, Current	8,014		8,014		$ 12,929
Capital Leases, Income Statement, Amortization Expense	1,200	$ 1,700	2,700	$ 3,600
Operating Leases, Rent Expense, Total	2,600	$ 3,100	5,600	5,600
Sale Leaseback Transaction, Net Proceeds, Investing Activities, Total				$ 10,980
Revenue and Non-revenue Equipment [Member]
Purchase Obligation, Total	$ 54,200		54,200
Sale-leaseback of Trailers to an Unrelated Party [Member]
Sale Leaseback Transaction, Net Proceeds, Investing Activities, Total			$ 5,300
Lessee, Operating Lease, Term of Contract	180 days		180 days
Sale Leaseback Transaction, Deferred Gain, Net, Total	$ 1,300		$ 1,300
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 9 - Leases and Commitmen37

Note 9 - Leases and Commitments - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2018USD ($)
2,018	$ 5,228
2,019	12,317
2,020	16,050
2,021	327
2,022	327
Thereafter	1,578
2,018	5,894
2,019	8,135
2,020	4,792
2,021	729
2,022	235
Thereafter	$ 371

Note 9 - Leases and Commitmen38

Note 9 - Leases and Commitments - Capital Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Capitalized Costs	$ 51,429	$ 66,785
Accumulated Amortization	16,308	23,254
Net Book Value	$ 35,121	$ 43,531

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Percent, Total	24.40%	29.60%	25.70%	33.00%
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%

Note 11 - Earnings (Loss) Per40

Note 11 - Earnings (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, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income (loss)	$ 2,544	$ (2,846)	$ 3,579	$ (7,736)
Denominator:
Denominator for basic earnings (loss) per share – weighted average shares (in shares)	8,205	8,028	8,141	8,028
Effect of dilutive securities:
Employee restricted stock (in shares)	22		26
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion (in shares)	8,227	8,028	8,167	8,028
Basic earnings (loss) per share (in dollars per share)	$ 0.31	$ (0.35)	$ 0.44	$ (0.96)
Diluted earnings (loss) per share (in dollars per share)	$ 0.31	$ (0.35)	$ 0.44	$ (0.96)
Weighted average anti-dilutive employee restricted stock (in shares)	99		61	2

Note 13 - Restructuring, Impa41

Note 13 - Restructuring, Impairment and Other Costs (Details Textual) - USD ($) $ in Thousands	Mar. 26, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Restructuring, Impairment and Other Costs, Reversal			$ 600		$ 639
Restructuring Charges, Total					(639)
Time-Vested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number	5,488
Performance-Vested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number	5,488
Employee Severance [Member]
Restructuring Charges, Total
Employee Severance [Member] | Craig's Separation Agreement [Member]
Deferred Compensation Arrangement with Individual, Term for Base Salary Continuation	1 year
Employee Severance [Member] | Craig's Separation Agreement [Member] | Salaries, Wages and Employee Benefits [Member]
Severance Costs					400
Restructuring Charges, Total					$ 700

Note 13 - Restructuring, Impa42

Note 13 - Restructuring, Impairment and Other Costs - Restructuring and Related Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accrued balance			$ 770
Costs incurred			(639)
Payments			(131)
Expenses/charges
Accrued balance
Employee Severance [Member]
Accrued balance
Costs incurred
Payments
Expenses/charges
Accrued balance
Executive Severance [Member]
Accrued balance			35
Costs incurred		$ 82	711	$ 899
Payments			(318)
Expenses/charges
Accrued balance	428		428
Facility Closing [Member]
Accrued balance			770
Costs incurred			(639)
Payments			(131)
Expenses/charges
Accrued balance

Note 13 - Restructuring, Impa43

Note 13 - Restructuring, Impairment and Other Costs - Restructuring Costs by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Costs incurred			$ (639)
Executive Severance [Member]
Costs incurred		82	711	899
Trucking [Member]
Costs incurred			(587)
Trucking [Member] | Executive Severance [Member]
Costs incurred		56	484	642
USAT Logistics [Member]
Costs incurred			(52)
USAT Logistics [Member] | Executive Severance [Member]
Costs incurred		$ 26	$ 227	$ 257