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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Lease Costs

The following table summarizes the lease costs (in thousands), which are included in transportation costs and general and administrative costs in the accompanying Consolidated Statement of Income:

	Years Ended December 31,
	2024				2023				2022
Amortization of finance right-of-use assets	$	1,701			$	2,650			$	2,075
Interest on finance lease liabilities		70				194				13
Finance lease cost		1,771				2,844				2,088
Operating lease cost		60,821				48,868				21,232
Short-term lease cost		1,471				300				379
Sublease income		(1,283	)			(1,051	)			(251	)
Total lease cost	$	62,780			$	50,961			$	23,448

Schedule of Maturity of Operating and Finance Leases Liabilities

The following table represents the maturity of operating and finance lease liabilities (in thousands):

	December 31, 2024
	Operating Leases				Finance Leases				Total
Year 1	$	58,769			$	689			$	59,458
Year 2		55,418				303				55,721
Year 3		47,061				32				47,093
Year 4		39,991				-				39,991
Year 5		35,804				-				35,804
Thereafter		50,132				-				50,132
Total		287,175				1,024				288,199
Imputed interest		44,019				31				44,050
Present value of lease payments		243,156				993				244,149
Less: current lease liabilities		45,492				663				46,155
Long-term lease liabilities	$	197,664			$	330			$	197,994

	December 31, 2023
	Operating Leases				Finance Leases				Total
Year 1	$	55,516			$	1,619			$	57,135
Year 2		49,997				558				50,555
Year 3		41,650				303				41,953
Year 4		33,067				32				33,099
Year 5		26,363				-				26,363
Thereafter		54,863				-				54,863
Total		261,456				2,512				263,968
Imputed interest		39,067				68				39,135
Present value of lease payments		222,389				2,444				224,833
Less: current lease liabilities		44,690				1,579				46,269
Long-term lease liabilities	$	177,699			$	865			$	178,564

Summary of Supplemental Cash Flow and Noncash Information

The following table presents supplemental cash flow and noncash information related to leases:

	Years Ended December 31,
	2024				2023				2022
Operating cash flows from operating leases	$	44,163			$	36,073			$	19,135
Financing cash flows from finance leases		1,693				2,708				2,093
Operating cash flows from finance leases		70				194				13
Cash paid for lease liabilities	$	45,926			$	38,975			$	21,241
Right-of-use assets obtained in exchange for new	$	(240	)		$	(3,978	)		$	(2,017	)
financing lease liabilities (net of disposals)
Rights-of-use assets obtained in exchange for new	$	70,525			$	133,358			$	77,178
operating lease liabilities (net of disposals)

Summary Of Weighted Average Remaining Lease Term and Discount Rates

The weighted average remaining lease term and discount rates as of December 31, are as follows (in thousands):

	December 31, 2024		December 31, 2023
Weighted average remaining lease term — finance leases	2.17 years		2.14 years
Weighted average remaining lease term — operating leases	5.38 years		5.66 years
Weighted average discount rate — finance leases	3.83%		4.29%
Weighted average discount rate — operating leases	5.86%		5.47%

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Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Subparagraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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