XML 50 R32.htm IDEA: XBRL DOCUMENT
v2.4.1.9

LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
LONG-TERM DEBT AND FINANCING ARRANGEMENTS |
Schedule of long-term debt | Long-term debt consisted of a Term Loan under the Credit Agreement (further described in Financing Arrangements within this Note) and notes payable and capital lease obligations related to the financing of revenue equipment (tractors and trailers used primarily in ABF Freight’s operations), real estate, and certain other equipment as follows:
|  | December 31 |
|  | 2014 |  | 2013 |
|  | (in thousands) |
Term Loan (interest rate of 1.4% at December 31, 2014) |  | $ | 70,000 |  | $ | 83,750 |
Notes payable (weighted-average interest rate of 2.0% at December 31, 2014) |  | 56,759 |  | 22,082 |
Capital lease obligations (weighted-average interest rate of 5.8% at December 31, 2014) |  | 971 |  | 7,013 |
|  | 127,730 |  | 112,845 |
Less current portion |  | 25,256 |  | 31,513 |
Long-term debt, less current portion |  | $ | 102,474 |  | $ | 81,332 |
Scheduled maturities of long-term debt obligations | Scheduled maturities under the Credit Facility (further described in Financing Arrangements within this Note) and notes payable and future minimum payments under capital lease obligations included in long-term debt as of December 31, 2014 were as follows:
|  |  |  |  |  | Notes Payable |  | Capital Lease Obligations(2) |
|  |  |  | Credit |  | Revenue |  | Land and |  | Equipment |
|  | Total |  | Facility(1) |  | Equipment |  | Structures |  | and Other |
|  | (in thousands) |
2015 |  | $ | 27,300 |  | $ | 1,124 |  | $ | 25,959 |  | $ | 206 |  | $ | 11 |
2016 |  | 20,899 |  | 1,727 |  | 18,959 |  | 213 |  | — |
2017 |  | 15,699 |  | 2,223 |  | 13,257 |  | 219 |  | — |
2018 |  | 2,607 |  | 2,381 |  | — |  | 226 |  | — |
2019 |  | 2,732 |  | 2,500 |  | — |  | 232 |  | — |
Thereafter |  | 70,019 |  | 70,000 |  | — |  | 19 |  | — |
Total payments |  | 139,256 |  | 79,955 |  | 58,175 |  | 1,115 |  | 11 |
Less amounts representing interest |  | 11,526 |  | 9,955 |  | 1,416 |  | 155 |  | — |
Long-term debt |  | $ | 127,730 |  | $ | 70,000 |  | $ | 56,759 |  | $ | 960 |  | $ | 11 |
| (1) |  | As of December 31, 2014, $70.0 million was outstanding under the Term Loan. On January 2, 2015, the Term Loan was refinanced with the revolving Credit Facility. The future interest payments included in the scheduled maturities due under the Credit Facility are calculated using variable interest rates based on the LIBOR swap curve, plus the anticipated applicable margin. (See Term Loan and Credit Facility within the Financing Arrangements section within this Note.)
| (2) |  | Minimum payments of capital lease obligation include maximum amounts due under rental adjustment clauses
Contained in the capital lease agreements.
Schedule of assets securing notes payable or held under capital leases | Assets securing notes payable or held under capital leases at December 31 were included in property, plant and equipment as follows:
|  | 2014 |  | 2013(1) |
|  | (in thousands) |
Revenue equipment |  | $ | 88,591 |  | $ | 58,613 |
Land and structures (terminals) |  | 1,794 |  | 1,794 |
Service, office, and other equipment |  | 255 |  | 1,758 |
Total assets securing notes payable or held under capital leases |  | 90,640 |  | 62,165 |
Less accumulated amortization(2) |  | 26,305 |  | 26,847 |
Net assets securing notes payable or held under capital leases |  | $ | 64,335 |  | $ | 35,318 |
| (1) |  | The individual line items in this table for 2013 are the same as those previously presented in Note H to the consolidated financial statements in Part II, Item 8 of the Company’s 2013 Annual Report on Form 10-K; however, the total amounts for the 2013 period have been revised to reflect proper calculation.
| (2) |  | Amortization of assets securing notes payble or held under capital leases is included in depreciation expense.

X
- Definition Tabular disclosure of assets securing debt or held under capital leases included in property, plant and equipment. + References No definition available. + Details
Name: | arcb_ScheduleOfAssetsSecuringDebtOrHeldUnderCapitalLeasesTableTextBlock
Namespace Prefix: | arcb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of contractually required rental payments on leases meeting the criteria for capitalization and maturities on long-term debt as of the date of the latest balance sheet date presented, in aggregate and for each of the five succeeding years, with separate deductions from the total for the amount of the imputed interest necessary to reduce the required rental payments and debt maturities to present value. + References No definition available. + Details
Name: | arcb_ScheduleOfMaturitiesOfLongTermDebtAndFutureMinimumPaymentsUnderCapitalLeasesTableTextBlock
Namespace Prefix: | arcb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration