Note 2 - Property, Equipment, and Leases

12 Months Ended

Jun. 30, 2012

Property, Plant and Equipment Disclosure [Text Block]

(2) PROPERTY, EQUIPMENT, AND LEASES

Property and equipment consists of the following (in thousands):

	2012		2011
Revenue equipment owned	$	171,211	$	184,206
Revenue equipment under capital leases		268,052		208,901
Furniture and office equipment		5,393		5,063
Land and buildings		34,089		16,207
Service equipment		956		587
Leasehold improvements		3,626		3,734
	$	483,327	$	418,698

Included in accumulated depreciation was $38.7 million and $62.1 million in 2012 and 2011, respectively, related to revenue equipment under capital leases. Depreciation and amortization expense relating to property and equipment owned and revenue equipment under capital leases, including gains (losses) on disposition of equipment, was $47.2 million in 2012, $57.0 million in 2011, and $60.1 million in 2010.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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