Notes Receivable

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Notes Receivable

NOTES RECEIVABLE

We provide financing to some individuals who want to become independent contractors by purchasing a tractor from us and leasing their services to us. We maintain a primary security interest in the tractor until the independent contractor pays the note balance in full. Independent contractor notes receivable are included in other current assets and other non-current assets in the consolidated balance sheets. At December 31, notes receivable consisted of the following (in thousands):

	December 31,
	2021		2020
Independent contractor notes receivable	$	7,358	$	10,335
Other notes receivable	10,665		9,425
Notes receivable	18,023		19,760
Less current portion	3,386		3,807
Notes receivable – non-current	$	14,637	$	15,953

We also provide financing to some individuals who attended our driver training schools. The student notes receivable are included in other receivables and other non-current assets in the consolidated balance sheets. At December 31, student notes receivable consisted of the following (in thousands):

	December 31,
	2021		2020
Student notes receivable	$	62,791	$	60,081
Allowance for doubtful student notes receivable	(22,911)		(19,448)
Total student notes receivable, net of allowance	39,880		40,633
Less current portion, net of allowance	13,416		12,216
Student notes receivable – non-current	$	26,464	$	28,417