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Long-Term Debt And Financing Arrangements
12 Months Ended
Dec. 31, 2011
Long-Term Debt And Financing Arrangements [Abstract]  
Long-Term Debt And Financing Arrangements

NOTE 11. Long-Term Debt and Financing Arrangements

We have standby letters of credit that expire at various dates in 2012. As of December 31, 2011, our letters of credit were $2.6 million.

Our unused and available borrowings under our bank revolving line of credit were $47.4 million as of December 31, 2011 and $7.4 million as of December 31, 2010. We were in compliance with our debt covenants as of December 31, 2011.

On August 1, 2011, we entered into an agreement to lease 3,126 chassis for a period of 10 years. We are accounting for this lease as a capital lease. Interest on this capital lease obligation is based on interest rates that approximate currently available interest rates; therefore, indebtedness under this capital lease obligation approximates fair value.

We paid interest of $0.3 million in 2011 related to this capital lease.