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v3.22.1

LEASES | 3 Months Ended
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Mar. 31, 2022
LEASES |
LEASES | NOTE F – 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. ​ The components of operating lease expense were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31 | ​
​ |  | 2022 |  | 2021 |
​ | ​ | (in thousands)
Operating lease expense | ​ | $ | 7,083 | ​ | $ | 6,642 | ​
Variable lease expense | ​ | ​ | 976 | ​ | ​ | 1,332 | ​
Sublease income | ​ | ​ | (161) | ​ | ​ | (155) | ​
Total operating lease expense(1) | ​ | $ | 7,898 | ​ | $ | 7,819 | ​
(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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31
​ | ​ | 2022 | ​ | 2021 |
​ | ​ | (in thousands)
Noncash change in operating right-of-use assets | ​ | $ | 6,171 | ​ | $ | 5,741 | ​
Change in operating lease liabilities | ​ | ​ | (6,157) | ​ | ​ | (5,174) | ​
Operating right-of-use-assets and lease liabilities, net | ​ | $ | 14 | ​ | $ | 567 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | $ | (7,071) | ​ | $ | (6,079) | ​
​ Maturities of operating lease liabilities at March 31, 2022 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Equipment | ​
​ | ​ | ​ | ​ | ​ | Land and | ​ | and | ​
​ |  | Total |  | Structures(1) |  | Other |
​ |  | (in thousands) | ​
Remainder of 2022 | ​ | $ | 20,810 | ​ | $ | 20,656 | ​ | $ | 154 | ​
2023 | ​ |  | 24,163 | ​ |  | 24,138 | ​ |  | 25 | ​
2024 | ​ |  | 21,651 | ​ |  | 21,651 | ​ |  | — | ​
2025 | ​ |  | 18,603 | ​ |  | 18,603 | ​ |  | — | ​
2026 | ​ |  | 16,487 | ​ |  | 16,487 | ​ |  | — | ​
Thereafter | ​ |  | 41,351 | ​ |  | 41,351 | ​ |  | — | ​
Total lease payments | ​ | ​ | 143,065 | ​ | ​ | 142,886 | ​ | ​ | 179 | ​
Less imputed interest | ​ | ​ | (12,475) | ​ | ​ | (12,474) | ​ | ​ | (1) | ​
Total | ​ | $ | 130,590 | ​ | $ | 130,412 | ​ | $ | 178 | ​
(1) | Excludes future minimum lease payments for leases which were executed but had not yet commenced as of March 31, 2022 of $81.4 million which will be paid over approximately 10-12 years.

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- References No definition available. + Details
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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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