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Note L - Off-balance Sheet Arrangements
 6 Months Ended
Jun. 30, 2015
Leases [Abstract]  
Leases of Lessee Disclosure [Text Block]

NOTE L: OFF-BALANCE SHEET ARRANGEMENTS


During the first six months of 2015, the Company’s subsidiaries entered into an operating lease for the lease of 50 trucks. Revenue equipment held under operating leases is not carried on our balance sheet and the respective lease payments are reflected in our consolidated statement of operations as a component of the Rents and purchased transportation category. Rent expense related to revenue equipment under operating leases totaled $2.7 million and $5.3 million for the three and six months ended June 30, 2015, respectively.


Leases for revenue equipment under non-cancellable operating leases expire at various dates through 2018. Future minimum lease payments related to non-cancellable leases for revenue equipment at June 30, 2015 are:


   

(in thousands)

  

2015

   $ 4,405  

2016

     9,822  

2017

     6,145  

2018

     188  

Total future minimum lease payments

   $ 20,560