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v3.23.1

LEASES | 3 Months Ended
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Mar. 31, 2023
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 Asset-Light segment operations, and certain other office equipment. ​ The components of operating lease expense were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31 | ​
​ |  | 2023 |  | 2022 |
​ | ​ | (in thousands) | ​
Operating lease expense | ​ | $ | 9,166 | ​ | $ | 7,083 | ​
Variable lease expense | ​ | ​ | 1,540 | ​ | ​ | 976 | ​
Sublease income | ​ | ​ | (114) | ​ | ​ | (161) | ​
Total operating lease expense(1) | ​ | $ | 10,592 | ​ | $ | 7,898 | ​
(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
​ | ​ | 2023 | ​ | 2022 |
​ | ​ | (in thousands) | ​
Noncash change in operating right-of-use assets | ​ | $ | 7,485 | ​ | $ | 6,171 | ​
Change in operating lease liabilities | ​ | ​ | (5,915) | ​ | ​ | (6,157) | ​
Operating right-of-use-assets and lease liabilities, net | ​ | $ | 1,570 | ​ | $ | 14 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | $ | (7,596) | ​ | $ | (7,071) | ​
​ Maturities of operating lease liabilities at March 31, 2023, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Equipment | ​
​ | ​ | ​ | ​ | ​ | Land and | ​ | and | ​
​ |  | Total |  | Structures(1) |  | Other |
​ |  | (in thousands) | ​
Remainder of 2023 | ​ | $ | 26,455 | ​ | $ | 26,161 | ​ | $ | 294 | ​
2024 | ​ |  | 35,844 | ​ |  | 35,527 | ​ |  | 317 | ​
2025 | ​ |  | 32,060 | ​ |  | 32,037 | ​ |  | 23 | ​
2026 | ​ |  | 29,118 | ​ |  | 29,118 | ​ |  | — | ​
2027 | ​ |  | 22,883 | ​ |  | 22,883 | ​ |  | — | ​
Thereafter | ​ |  | 87,528 | ​ |  | 87,528 | ​ |  | — | ​
Total lease payments | ​ | ​ | 233,888 | ​ | ​ | 233,254 | ​ | ​ | 634 | ​
Less imputed interest | ​ | ​ | (35,169) | ​ | ​ | (35,147) | ​ | ​ | (22) | ​
Total | ​ | $ | 198,719 | ​ | $ | 198,107 | ​ | $ | 612 | ​
(1) | Excludes future minimum lease payments for leases which were executed but had not yet commenced as of March 31, 2023, totaling $32.0 million which will be paid over approximately 10 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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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