Note 18 - Lease Income

12 Months Ended

Dec. 31, 2018

18.	LEASE INCOME

The Company has a lease-purchase program whereby we offer independent contractors the opportunity to lease a Company-owned truck. The terms associated with these leases require weekly lease payments over the term of the leases which range from

months. The cost and carrying amount of Company-owned trucks in this program at

December 31, 2018

were approximately

$61,061,000

and

$34,299,000,

respectively. The cost and carrying amount of Company-owned trucks in this program at

December 31, 2017

was

$42,206,000

and

$17,028,000,

respectively.

Leases in our lease-purchase program expire at various dates through

2023.

Payments received under this program are classified in the Company’s financial statements under the consolidated statements of operations category Revenue. Future minimum lease receipts related to these leases at

December 31, 2018

and

2017

were approximately

$22,319,000

and

$9,360,000,

respectively.

The Company leases office and shop facilities to a related party. At

December 31, 2018,

the cost and carrying amount of the facilities leased were approximately

$1,697,000

and

$1,138,000,

respectively. At

December 31, 2017,

the cost and carrying amount of the facilities leased were approximately

$1,697,000

and

$1,195,000,

respectively. Future minimum lease receipts related to this lease at

December 31, 2018

are approximately

$12,000.

See “Item

Financial Statements and Supplementary Data, Note

to the Consolidated Financial Statements – Related Party Transactions” for additional information regarding the Company’s transactions with related persons.