Top Ten Customers
Concentration Risk Type [Axis]
Top Customer
Pipeline
Business Acquisition [Axis]
Liquid petroleum products
Products and Services [Axis]
Petroleum Products
Dry Bulk Commodities
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement of Financial Position [Abstract]
Assets
Current assets:
Cash and cash equivalents
Accounts receivable, net of allowance for doubtful accounts of $144 and $155, respectively
Federal and state income taxes receivable
Deferred income taxes
Inventory of parts and supplies
Prepaid tires on equipment
Prepaid taxes and licenses
Prepaid insurance
Prepaid expenses, other
Total current assets
Property and equipment, at cost
Less accumulated depreciation
Net property and equipment
Goodwill
Intangible assets, net
Other assets, net
Total assets
Liabilities and Net Investment
Current liabilities:
Accounts payable
Bank overdraft
Federal and state income taxes payable
Deferred income taxes
Accrued payroll and benefits
Accrued insurance
Accrued liabilities, other
Total current liabilities
Long-term debt
Deferred income taxes
Accrued insurance
Other liabilities
Total liabilities
Commitments and contingencies (Note 8)
Shareholders' Equity/Net investment:
Preferred stock, 5,000,000 shares authorized, of which 250,000 shares are disignated Series A Junior Participating Preferred Stock; $0.01 par value; none issued and outstanding
Common stock, $.10 par value; (25,000,000 shares authorized; 3,268,804 shares issued and outstanding at June 30, 2015
Capital in excess of par value
Net investment by Parent
Retained earnings
Accumulated other comprehensive income, net
Total shareholders' equity/net investment
Total liabilties and shareholders' equity/net investment
Accounts receivable allowance for doubtful accounts
Preferred stock, par value
Preferred stock, shares authorized
Series A Junior Participating Preferred Stock
Preferred stock, shares issued
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Income Statement [Abstract]
Revenues:
Transportation revenues
Fuel surcharges
Total revenues
Cost of operations:
Compensation and benefits
Fuel expenses
Repairs & tires
Other operating
Insurance and losses
Depreciation expense
Rents, tags & utilities
Sales, general & administrative
Corporate expenses
Intangible asset impairment
Gain on equipment sales
Total cost of operations
Total operating profit
Interest income and other
Interest expense
Income before income taxes
Provision for income taxes
Net income
Comprehensive Income
Earnings per common share:
Net income - basic
Net income - diluted
Number of shares (in thousands) used in computing:
-basic earnings per common share
-diluted earnings per common share
Statement of Cash Flows [Abstract]
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
Deferred income taxes
Gain on sale of equipment and property
Stock-based compensation
Net changes in operating assets and liabilities:
Accounts receivable
Inventory of parts and supplies
Prepaid expenses and other current assets
Other assets
Accounts payable and accrued liabilities
Income taxes payable and receivable
Long-term insurance liabilities and other long-term liabilities
Net cash provided by operating activities
Cash flows from investing activities:
Purchase of property and equipment
Business acquisition
Proceeds from the sale of property, plant and equipment
Net cash used in investing activities
Cash flows from financing activities:
Decrease in bank overdrafts
Proceeds from borrowing on revolving credit facility
Payments on revolving credit facility
Excess tax benefits from exercise of stock options
Proceeds from exercised stock options
Net distributions to Parent
Net cash (used in) provided by financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of the period
Accounting Policies [Abstract]
Description of Business and Basis of Presentation
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Issued Accounting Standards
Related Party Transactions [Abstract]
Related Party Agreements with FRP
Debt Disclosure [Abstract]
Long-Term Debt
Earnings Per Share [Abstract]
Earnings per share
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans
Fair Value Disclosures [Abstract]
Fair Value Measurements
Commitments and Contingencies Disclosure [Abstract]
Contingent liabilities
Risks and Uncertainties [Abstract]
Concentrations
Business Combinations [Abstract]
Pipeline Business Acquisition
Extraordinary and Unusual Items [Abstract]
Unusual or Infrequent Items Impacting Quarterly Results
Long-term debt
Earnings (loss) per common share
Stock Compensation Expense
Summary of Stock Activity
Revolving credit (uncollateralized)
Weighted average common shares outstanding during the period - shares used for basic earnings per common share
Common shares issuable under share based payment plans which are potentially dilutive
Common shares used for diluted earnings per common share
Net (loss) income
Earnings (loss) per common share:
Earnings per share-basic
Earnings per share-diluted
Stock option grants
Annual director stock award
Stock based compensation
Options outstanding
Options granted
Options forfeited
Options exercised
Options outstanding weighted average exercise price
Options outstanding weighted average exercise price - Granted
Options outstanding weighted average exercise price - forfeited
Options outstanding weighted average exercise price - Exercised
Options outstanding weighted average remaining term
Options outstanding weighted average grant date fair value
Options granted weighted average grant date fair value
Options forfeited weighted average grant date fair value
Options exercised weighted average grant date fair value
Options exercisable at June 30, 2015
Options exerciseable weighted average exercise price
Options exerciseable weighted average remaining term
Options exerciseable weighted average grant date fair value
Options vested during nine months ended June 30, 2015
Options vested weighted average grant date fair value
Statement [Table]
Statement [Line Items]
Shares distributed following Spin-off
Percentage of Business
Revenue Producting Drivers
Fleet of Tractors
Fleet of Trailers
Terminal locations
Satellite locations
Material assets
Material liabilities
Material commitments
Charges/allocations to FRP Holdings, Inc.
Wells Fargo Revolving Credit facility
Borrowed under the revolver
Letters of credit issued
Facility amount available for borrowing
Shares of common stock
Anti-dilutive shares
FRP options replacement
Patriot options replacement
Shares available for future issuance
Aggregate intrinsic value of exercisable in-the-money options
Aggregate intrinsic value of outstanding in-the-money options
Market close price
Realized tax benefit from options exercised
Total unrecognized compensation cost of options granted but not yet vested
Weighted average period for compensation to be recognized
Gains realized by option holders
Assets measured at fair value on a recurring basis
Liabilities measured at fair value on a recurring basis
Assets measured at fair value on a non-recurring basis
Liabilities measured at fair value on a non-recurring basis
Customer revenue concentration
Accounts receivable concentration
Pipeline Transportation, Inc assets acquired
Non-cancellable operating lease remaining period
Operating leases minimum future annual rentals
Intangible asset impairment net
Goodwill
Assets, Current
Property, Plant and Equipment, Net
Assets [Default Label]
Deferred Tax Liabilities, Gross
Liabilities, Current
Deferred Tax Liabilities, Net, Noncurrent
Accrued Insurance, Noncurrent
Liabilities
Liabilities and Equity
Revenues
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
Operating Expenses
Operating Income (Loss)
Interest Expense
Income (Loss) from Continuing Operations before Income Taxes, Domestic
Deferred Income Tax Expense (Benefit)
Gain (Loss) on Disposition of Property Plant Equipment
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Inventories
Increase (Decrease) in Prepaid Expense and Other Assets
Increase (Decrease) in Other Operating Assets
Payments to Acquire Property, Plant, and Equipment
Payments to Acquire Businesses, Gross
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Repayments of Lines of Credit
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
Schedule of Long-term Debt Instruments [Table Text Block]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
Goodwill, Fair Value Disclosure