XML 37 R16.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 8 - Leases | 12 Months Ended
--- | ---
Dec. 31, 2017
Notes to Financial Statements |
Leases of Lessee Disclosure [Text Block] | 8. LEASES We have operating lease commitments for office and terminal properties, revenue equipment, and computer and office equipment, and we have capital lease commitments for revenue equipment, in each case excluding owner/operator rentals and month-to-month equ ipment rentals, summarized for the following fiscal years (in thousands):
|  | Operating |  |  | Capital |
2018 |  | $ | 73 |  |  | $ | 3,606 |
2019 |  |  | 73 |  |  |  | 3,606 |
2020 |  |  | 73 |  |  |  | 5,813 |
2021 |  |  | - |  |  |  | 5,368 |
202 2 |  |  | - |  |  |  | 5,175 |
Thereafter |  |  | - |  |  |  | 3,383 |
Total minimum lease payments |  | $ | 219 |  |  | $ | 26,951 |
Less: amount representing interest |  |  |  |  |  |  | (2,212 | )
Present value of minimum lease payments |  |  |  |  |  |  | 24,739 |
Less: current portion |  |  |  |  |  |  | (2,962 | )
Capital lease obligations, long-term |  |  |  |  |  | $ | 21,777 |
A portion of our operating leases of tractors and trailers contain residual value guarantees under which we guarantee a certain minimum cash value payment to the leasing company at the expiration of the lease. We estimate that the undiscounted value of th e residual guarantees is approximately $4.0 million at December 31, 2017 and 2016, respectively. The residual guarantees at December 31, 2017 expire between August 2018 and February 2019. We expect our residual guarantees to approximate the market value at the end of the lease term. Additionally, certain leases contain cross-default provisions with other financing agreements and additional charges if the unit's mileage exceeds certain thresholds defined in the lease agreement. Rental expense is summarized as follows for each of the three years ended December 31:
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Revenue equipment rentals |  | $ | 12,055 |  |  | $ | 10,773 |  |  | $ | 12,611 |
Building and lot rentals |  |  | 448 |  |  |  | 708 |  |  |  | 2,078 |
Other equipment rentals |  |  | 261 |  |  |  | 254 |  |  |  | 340 |
|  | $ | 12,764 |  |  | $ | 11,735 |  |  | $ | 15,029 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration