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Leases

12 Months Ended

Dec. 31, 2011

(4) LEASES

In 2011, we entered into leases of certain tractors under operating leases which expire in 2015. Rental expense for these leases is included in rent and purchased transportation expense within the Consolidated Statements of Income. At December 31, 2011, the future minimum lease payments under non-cancelable revenue equipment operating leases are as follows (in thousands):


2012	$	1,620
2013		1,620
2014		1,620
2015		608

Total	$	5,468

Rental expense under these non-cancelable revenue equipment operating leases was as follows (in thousands):


2011		$	1,012

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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