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LEASES | 3 Months Ended
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Mar. 31, 2024
LEASES |
LEASES | NOTE F – LEASES ​ The Company has operating lease arrangements for certain facilities and revenue equipment used in the Asset-Based and Asset-Light segment operations and certain other facilities and office equipment. ​ The components of operating lease expense were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31 | ​
​ |  | 2024 |  | 2023 |
​ | ​ | (in thousands)
Operating lease expense | ​ | $ | 10,276 | ​ | $ | 9,166 | ​
Variable lease expense | ​ | ​ | 1,681 | ​ | ​ | 1,540 | ​
Sublease income | ​ | ​ | (646) | ​ | ​ | (114) | ​
Total operating lease expense(1) | ​ | $ | 11,311 | ​ | $ | 10,592 | ​
(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 | ​
​ |  | 2024 |  | 2023 |
​ | ​ | (in thousands) | ​
Noncash change in operating right-of-use assets | ​ | $ | 8,618 | ​ | $ | 7,485 | ​
Cash payments to obtain right-of-use assets | ​ | ​ | (7,752) | ​ | ​ | — | ​
Change in operating lease liabilities | ​ | ​ | (8,576) | ​ | ​ | (5,915) | ​
Operating right-of-use-assets and lease liabilities, net | ​ | $ | (7,710) | ​ | $ | 1,570 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | $ | (10,226) | ​ | $ | (7,596) | ​
​ Maturities of operating lease liabilities at March 31, 2024, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Equipment | ​
​ | ​ | ​ | ​ | ​ | Land and | ​ | and | ​
​ |  | Total |  | Structures(1) |  | Other |
​ |  | (in thousands) | ​
Remainder of 2024 | ​ | $ | 30,278 | ​ | $ | 30,085 | ​ | $ | 193 | ​
2025 | ​ |  | 37,922 | ​ |  | 37,899 | ​ |  | 23 | ​
2026 | ​ |  | 34,746 | ​ |  | 34,746 | ​ |  | — | ​
2027 | ​ |  | 28,069 | ​ |  | 28,069 | ​ |  | — | ​
2028 | ​ |  | 24,584 | ​ |  | 24,584 | ​ |  | — | ​
Thereafter | ​ |  | 87,556 | ​ |  | 87,556 | ​ |  | — | ​
Total lease payments | ​ | ​ | 243,155 | ​ | ​ | 242,939 | ​ | ​ | 216 | ​
Less imputed interest | ​ | ​ | (37,084) | ​ | ​ | (37,081) | ​ | ​ | (3) | ​
Total | ​ | $ | 206,071 | ​ | $ | 205,858 | ​ | $ | 213 | ​
(1) | Excludes future minimum lease payments for leases which were executed but had not yet commenced as of March 31, 2024, totaling $28.8 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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