Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 445

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 445
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   (in thousands)  
 Realized (losses) gains:             
 Sale proceeds  $3,662  $343  $- 
 Cost of securities sold   3,213   255   - 
             
 Realized (losses) / gains  $449  $88  $- 

   At  December 31, 2024, the Company’s investments’ approximate fair value of securities in a loss position and related gross unrealized losses were $6,584,000 and $1,689,000, respectively. At  December 31, 2023, the Company’s investments’ approximate fair value of securities in a loss position and related gross unrealized losses were $8,099,000 and $2,630,000, respectively.
    
   The market value of the Company’s equity securities are periodically used as collateral against any outstanding margin account borrowings. At  December 31, 2024 and  December 31, 2023, the Company had no outstanding borrowings under its margin account.

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     45 -

    5.  ACCRUED EXPENSES AND OTHER LIABILITIES 

   Accrued expenses and other liabilities at  December 31 are summarized as follows:

       2024    2023  
   (in thousands)  
         
 Payroll  $3,779  $3,105 
 Accrued vacation   -   1,050 
 Taxes—other than income   3,223   3,189 
 Interest   557   302 
 Driver escrows   1,392   907 
 Margin account borrowings   -   - 
 Self-insurance claims and legal reserves   5,095   7,417 
 Current portion of Right-of-Use liability   -   114 
 Other liabilities   523   715 
         
 Total accrued expenses and other liabilities  $14,569  $16,799 

   The Company’s accounts payable as of  December 31, 2024 is $31,198,000, which includes $214,000 in payables for purchases of revenue equipment. The Company’s accounts payable as of  December 31, 2023 was $62,652,000, which included $25,147,000 in payables for purchases of revenue equipment.