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LEASES | 12 Months Ended
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Dec. 31, 2022
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 11.3 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, 2022. The right-of-use assets and lease liabilities as of December 31, 2022 and 2021, 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, 2022 and 2021, are included in the right-of-use assets and lease liabilities. Variable lease cost for operating leases consists of subsequent changes in the consumer price 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
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (in thousands)
Operating lease expense | ​ | $ | 31,790 | ​ | $ | 26,552 | ​ | $ | 24,559
Variable lease expense | ​ | ​ | 4,188 | ​ | ​ | 4,128 | ​ | ​ | 3,152
Sublease income | ​ | ​ | (391) | ​ | ​ | (626) | ​ | ​ | (398)
Total operating lease expense(1) | ​ | $ | 35,587 | ​ | $ | 30,054 | ​ | $ | 27,313
(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 | ​
​ |  | 2022 |  | 2021 |  | 2020 |
​ | ​ | (in thousands, except share and per share data) | ​
Noncash change in operating right-of-use assets | ​ | $ | 27,465 | ​ | $ | 24,023 | ​ | $ | 21,184 | ​
Change in operating lease liabilities | ​ | ​ | (24,513) | ​ | ​ | (23,400) | ​ | ​ | (20,428) | ​
Operating right-of-use-assets and lease liabilities, net | ​ | $ | 2,952 | ​ | $ | 623 | ​ | $ | 756 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | $ | (28,830) | ​ | $ | (25,909) | ​ | $ | (23,810) | ​
​ Supplemental balance sheet information related to operating leases was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022
​ | ​ | (in thousands, except lease term and discount rate)
​ | ​ | ​ | ​ | ​ | Land and | ​ | Equipment
​ | ​ | ​ | Total | ​ | Structures | ​ | and Others
Operating right-of-use assets (long-term) | ​ | $ | 166,515 | ​ | $ | 165,822 | ​ | $ | 693
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities (current) | ​ | $ | 26,225 | ​ | $ | 25,824 | ​ | $ | 401
Operating lease liabilities (long-term) | ​ |  | 147,828 | ​ | ​ | 147,534 | ​ | ​ | 294
Total operating lease liabilities | ​ | $ | 174,053 | ​ | $ | 173,358 | ​ | $ | 695
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term (in years) | ​ | ​ | 7.6 | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate | ​ | ​ | 3.58% | ​ | ​ | ​ | ​ | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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% | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ Maturities of operating lease liabilities at December 31, 2022 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Equipment | ​
​ | ​ | ​ | ​ | ​ | Land and | ​ | and | ​
​ |  | Total |  | Structures(1) |  | Other |
​ |  | (in thousands) | ​
2023 | ​ | $ | 31,868 | ​ | $ | 31,446 | ​ | $ | 422 | ​
2024 | ​ |  | 30,762 | ​ |  | 30,464 | ​ |  | 298 | ​
2025 | ​ |  | 26,889 | ​ |  | 26,889 | ​ |  | — | ​
2026 | ​ |  | 24,442 | ​ |  | 24,442 | ​ |  | — | ​
2027 | ​ |  | 19,349 | ​ |  | 19,349 | ​ |  | — | ​
Thereafter | ​ |  | 67,474 | ​ |  | 67,474 | ​ |  | — | ​
Total lease payments | ​ | ​ | 200,784 | ​ | ​ | 200,064 | ​ | ​ | 720 | ​
Less imputed interest | ​ | ​ | (26,731) | ​ | ​ | (26,706) | ​ | ​ | (25) | ​
Total | ​ | $ | 174,053 | ​ | $ | 173,358 | ​ | $ | 695 | ​
​
(1) | Excludes future minimum lease payments for leases which were executed but had not yet commenced as of December 31, 2022, of $32.0 million which will be paid over approximately 10 years.

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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