COVENANT LOGISTICS GROUP INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
CVLG$32.74+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders' Equity
COVENANT Logistics GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022, and 2021
| Accumulated | |||||||
|---|---|---|---|---|---|---|---|
| Additional · Other · Total | |||||||
| Common Stock · Paid-In · Treasury · Comprehensive · Retained · Stockholders | |||||||
| Class A | Class B | Capital | Stock | (Loss) Income | Earnings | Equity | |
| Balances at December 31, 2020 | $173 | $24 | $143,438 | $(17,067) | $(2,251) | $166,325 | $290,642 |
| Net income | - | - | - | - | - | 60,731 | 60,731 |
| Share repurchase | (1) | - | - | (8,367) | - | (1,980) | (10,348) |
| Other comprehensive loss | - | - | - | - | 945 | - | 945 |
| Stock-based employee compensation expense | - | - | 9,059 | - | - | - | 9,059 |
| Issuance of restricted shares, net | (11) | - | (3,091) | 1,772 | - | - | (1,330) |
| Balances at December 31, 2021 | $161 | $24 | $149,406 | $(23,662) | $(1,306) | $225,076 | $349,699 |
| Net income | - | - | - | - | - | 108,682 | 108,682 |
| Cash dividend | - | - | - | - | - | (4,287) | (4,287) |
| Share repurchase | - | - | - | (84,723) | - | - | (84,723) |
| Other comprehensive income | - | - | - | - | 2,392 | - | 2,392 |
| Stock-based employee compensation expense | - | - | 6,587 | - | - | - | 6,587 |
| Exercise of stock options | - | - | 50 | 334 | - | - | 384 |
| Issuance of restricted shares, net | - | - | (3,157) | 1,551 | - | - | (1,606) |
| Balances at December 31, 2022 | $161 | $24 | $152,886 | $(106,500) | $1,086 | $329,471 | $377,128 |
| Net income | - | - | - | - | - | 55,229 | 55,229 |
| Cash dividend | - | - | - | - | - | (5,781) | (5,781) |
| Share repurchase | - | - | - | (25,430) | - | - | (25,430) |
| Other comprehensive income | - | - | - | - | (270) | - | (270) |
| Stock-based employee compensation expense | - | - | 7,100 | - | - | - | 7,100 |
| Exercise of stock options | - | - | 42 | 194 | - | - | 236 |
| Issuance of restricted shares, net | - | - | (4,182) | (610) | - | - | (4,792) |
| Balances at December 31, 2023 | $161 | $24 | $155,846 | $(132,346) | $816 | $378,919 | $403,420 |
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