Note L - Off-balance Sheet Arrangements

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

NOTE L:  OFF-BALANCE SHEET ARRANGEMENTS

As of

June 30, 2017,

the Company’s subsidiaries operated revenue equipment under various operating lease arrangements. Revenue equipment held under operating leases is

not

carried on our balance sheets and the respective lease payments are reflected in our 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,
	2017		2016		2017		2016
	(in thousands)
Rent expense related to revenue equipment	$	1,718	$	2,469	$	3,458	$	4,957

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, 2017

are:

	(in thousands)
2017	$	1,858
2018		181
Total future minimum lease payments	$	2,039