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LEASES | 12 Months Ended
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Dec. 31, 2021
LEASES |
LEASES | ​ NOTE G – LEASES ​ The Company leases, under finance and operating lease arrangements, certain facilities used primarily in the Asset-Based segment service center operations, certain revenue equipment used in the ArcBest segment operations, and certain other office equipment. Current operating leases have remaining terms of less than 11.1 years, some of which include one or more options to renew, with renewal option terms up to five years. There are no available termination options as of December 31, 2021. The right-of-use assets and lease liabilities as of December 31, 2021 and 2020 do not assume the option to early terminate any of the Company’s leases, and all renewal options that have been exercised or are reasonably certain to be exercised as of December 31, 2021 and 2020 are included in the right-of-use assets and lease liabilities. Variable lease cost for operating leases consists of subsequent changes in the CPI index, rent payments that are based on usage, and other lease related payments which are subject to change and not considered fixed payments. All fixed lease and non-lease component payments are combined in determining the right-of-use asset and lease liability. ​ The components of operating lease expense were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31
​ |  | 2021 |  | 2020 |  | 2019
​ | ​ | (in thousands)
Operating lease expense | ​ | $ | 26,552 | ​ | $ | 24,559 | ​ | $ | 22,291
Variable lease expense | ​ | ​ | 4,128 | ​ | ​ | 3,152 | ​ | ​ | 3,366
Sublease income | ​ | ​ | (626) | ​ | ​ | (398) | ​ | ​ | (324)
Total operating lease expense(1) | ​ | $ | 30,054 | ​ | $ | 27,313 | ​ | $ | 25,333
(1) | Operating lease expense excludes short-term leases with a term of 12 months or less.
​ The operating cash flows from operating lease activity were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31 | ​
​ | ​ | 2021 | ​ | 2020 |  | 2019 | ​
​ | ​ | (in thousands) | ​
Noncash change in operating right-of-use assets | ​ | $ | 24,023 | ​ | $ | 21,184 | ​ | $ | 20,439 | ​
Change in operating lease liabilities | ​ | ​ | (23,400) | ​ | ​ | (20,428) | ​ | ​ | (19,711) | ​
Operating right-of-use-assets and lease liabilities, net | ​ | $ | 623 | ​ | $ | 756 | ​ | $ | 728 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | $ | (25,909) | ​ | $ | (23,810) | ​ | $ | (21,714) | ​
​ Supplemental balance sheet information related to operating leases was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2021
​ | ​ | (in thousands, except lease term and discount rate)
​ | ​ | ​ | ​ | ​ | Land and | ​ | Equipment
​ | ​ | ​ | Total | ​ | Structures | ​ | and Others
Operating right-of-use assets (long-term) | ​ | $ | 106,686 | ​ | $ | 106,394 | ​ | $ | 292
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities (current) | ​ | $ | 22,740 | ​ | $ | 22,477 | ​ | $ | 263
Operating lease liabilities (long-term) | ​ |  | 88,835 | ​ | ​ | 88,810 | ​ | ​ | 25
Total operating lease liabilities | ​ | $ | 111,575 | ​ | $ | 111,287 | ​ | $ | 288
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term (in years) | ​ | ​ | 6.9 | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate | ​ | ​ | 2.88% | ​ | ​ | ​ | ​ | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2020 |
​ | ​ | (in thousands, except lease term and discount rate) | ​
​ | ​ | ​ | ​ | ​ | Land and | ​ | Equipment | ​
​ | ​ | ​ | Total | ​ | Structures | ​ | and Others | ​
Operating right-of-use assets (long-term) | ​ | $ | 115,195 | ​ | $ | 114,908 | ​ | $ | 287 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities (current) | ​ | $ | 21,482 | ​ | $ | 21,207 | ​ | $ | 275 | ​
Operating lease liabilities (long-term) | ​ |  | 97,839 | ​ | ​ | 97,828 | ​ | ​ | 11 | ​
Total operating lease liabilities | ​ | $ | 119,321 | ​ | $ | 119,035 | ​ | $ | 286 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term (in years) | ​ | ​ | 6.7 | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate | ​ | ​ | 3.18% | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ Maturities of operating lease liabilities at December 31, 2021 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Equipment | ​
​ | ​ | ​ | ​ | ​ | Land and | ​ | and | ​
​ |  | Total |  | Structures(1) |  | Other |
​ |  | (in thousands) | ​
2022 | ​ | $ | 25,567 | ​ | $ | 25,302 | ​ | $ | 265 | ​
2023 | ​ |  | 19,800 | ​ |  | 19,775 | ​ |  | 25 | ​
2024 | ​ |  | 17,414 | ​ |  | 17,414 | ​ |  | — | ​
2025 | ​ |  | 14,839 | ​ |  | 14,839 | ​ |  | — | ​
2026 | ​ |  | 11,404 | ​ |  | 11,404 | ​ |  | — | ​
Thereafter | ​ |  | 33,750 | ​ |  | 33,750 | ​ |  | — | ​
Total lease payments | ​ | ​ | 122,774 | ​ | ​ | 122,484 | ​ | ​ | 290 | ​
Less imputed interest | ​ | ​ | (11,199) | ​ | ​ | (11,197) | ​ | ​ | (2) | ​
Total | ​ | $ | 111,575 | ​ | $ | 111,287 | ​ | $ | 288 | ​
​
(1) | Excludes future minimum lease payments for leases which were executed but had not yet commenced as of December 31, 2021 of $85.3 million which will be paid over 10-12 years. The Company plans to take possession of the leased spaces during 2022.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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