Note L - Off-balance Sheet Arrangements

3 Months Ended

Mar. 31, 2017

Leases of Lessee Disclosure [Text Block]

NOTE L:

OFF-BALANCE SHEET ARRANGEMENTS

As of

March

31,

2017,

the Company’s subsidiaries operated revenue equipment under various operating lease arrangements. Revenue equipment held under operating leases is not carried on our consolidated 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
	March 31,
	2017		2016
	(in thousands)

Rent expense related to revenue equipment	$	1,741	$	2,544

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

2018.

uture minimum lease payments related to non-cancellable leases for revenue equipment at

March

31,

2017

are:

	(in thousands)
2017	$	3,591
2018		181
Total future minimum lease payments	$	3,772