Note L - Off-balance Sheet Arrangements

6 Months Ended

Jun. 30, 2016

Leases of Lessee Disclosure [Text Block]

NOTE L: OFF-BALANCE SHEET ARRANGEMENTS

As of June 30, 2016, the Company’s subsidiaries operated revenue equipment under various operating lease arrangements. Revenue equipment held under operating leases is not carried on our balance sheet and the respective lease payments are reflected in our consolidated statements of operations as a component of the Rent and purchased transportation category.

Rent expense related to revenue equipment under these leases were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
	(in thousands)

Rent expense related to revenue equipment	$	2,469	$	2,668	$	4,957	$	5,342

Leases for revenue equipment under non-cancellable operating leases expire at various dates through 2018. F

uture minimum lease payments related to non-cancellable leases for revenue equipment at June 30, 2016 are:

	(in thousands)
2016	$	3,750
2017		6,002
2018		181
Total future minimum lease payments	$	9,933