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LEASES | 6 Months Ended
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Jun. 30, 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 | ​ | Six Months Ended | ​
​ | ​ | June 30 | ​ | June 30 | ​
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
​ | ​ | (in thousands) | ​
Operating lease expense | ​ | $ | 10,742 | ​ | $ | 10,048 | ​ | $ | 21,018 | ​ | $ | 19,214 | ​
Variable lease expense | ​ | ​ | 1,938 | ​ | ​ | 1,762 | ​ | ​ | 3,619 | ​ | ​ | 3,302 | ​
Sublease income | ​ | ​ | (728) | ​ | ​ | (5) | ​ | ​ | (1,374) | ​ | ​ | (119) | ​
Total operating lease expense(1) | ​ | $ | 11,952 | ​ | $ | 11,805 | ​ | $ | 23,263 | ​ | $ | 22,397 | ​
(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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended | ​
​ | ​ | June 30 | ​
​ |  | 2024 |  | 2023 |
​ | ​ | (in thousands) | ​
Noncash change in operating right-of-use assets | ​ | $ | 16,971 | ​ | $ | 15,283 | ​
Cash payments to obtain right-of-use assets | ​ | ​ | (7,752) | ​ | ​ | — | ​
Change in operating lease liabilities | ​ | ​ | (16,481) | ​ | ​ | (12,224) | ​
Operating right-of-use-assets and lease liabilities, net | ​ | $ | (7,262) | ​ | $ | 3,059 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | $ | (20,518) | ​ | $ | (16,158) | ​
​ Maturities of operating lease liabilities at June 30, 2024, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Equipment | ​
​ | ​ | ​ | ​ | ​ | Land and | ​ | and | ​
​ |  | Total |  | Structures(1) |  | Other |
​ |  | (in thousands) | ​
Remainder of 2024 | ​ | $ | 21,067 | ​ | $ | 20,970 | ​ | $ | 97 | ​
2025 | ​ |  | 40,059 | ​ |  | 40,036 | ​ |  | 23 | ​
2026 | ​ |  | 36,966 | ​ |  | 36,966 | ​ |  | — | ​
2027 | ​ |  | 30,369 | ​ |  | 30,369 | ​ |  | — | ​
2028 | ​ |  | 26,945 | ​ |  | 26,945 | ​ |  | — | ​
Thereafter | ​ |  | 105,455 | ​ |  | 105,455 | ​ |  | — | ​
Total lease payments | ​ | ​ | 260,861 | ​ | ​ | 260,741 | ​ | ​ | 120 | ​
Less imputed interest | ​ | ​ | (42,550) | ​ | ​ | (42,548) | ​ | ​ | (2) | ​
Total | ​ | $ | 218,311 | ​ | $ | 218,193 | ​ | $ | 118 | ​
(1) | Excludes future minimum lease payments for leases which were executed but had not yet commenced as of June 30, 2024, totaling $18.7 million, which will be paid over approximately 9 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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