XML 22 R10.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments, Contingencies and Uncertainties
12 Months Ended
Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]  
Commitments, Contingencies and Uncertainties

3.    Commitments, Contingencies and Uncertainties

The Company leases certain service facilities and equipment. Rent expense was $17.9 million, $17.1 million, and $17.9 million for the years ended December 31, 2015, 2014 and 2013, respectively.

At December 31, 2015, the Company was committed under non-cancellable operating lease agreements requiring minimum annual rentals payable as follows (in thousands):

 

 

 

Amount

 

 

2016

 

$

14,232

 

 

2017

 

 

12,646

 

 

2018

 

 

10,088

 

 

2019

 

 

7,488

 

 

2020

 

 

4,875

 

 

Thereafter

 

 

12,513

 

 

Total

 

$

61,842

 

 

 

Management expects that in the normal course of business, leases will be renewed or replaced as they expire.

Capital expenditures committed were $24.7 million at December 31, 2015. As of December 31, 2015 and 2014, the Company had $12.1 million and $1.8 million, respectively, of capital expenditures in accounts payable.

Other.        

YRC Worldwide, Inc. (Yellow) provides guarantees for certain workers’ compensation and casualty claims for which the Company is allocated its pro rata share of letters of credit which Yellow must maintain for these insurance programs. Yellow allocated $1.8 million in letters of credit at December 31, 2015 and 2014 in connection with the Company’s insurance programs for which the Company pays quarterly Yellow’s cost plus 125 basis points.

The Company is subject to legal proceedings that arise in the ordinary course of its business. The Company believes that adequate provisions for resolution of all contingencies, claims and pending litigation have been made for probable and estimable losses and that the ultimate outcome of these actions will not have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations in a given quarter or annual period.