LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2012

LONG-TERM DEBT AND FINANCING ARRANGEMENTS

Schedule of long-term debt, consisting of capital lease obligations and notes payable

	March 31		December 31
	2012		2011
	($ thousands)
Capital lease obligations	$	40,488	$	44,261
Notes payable	24,449		26,751
	64,937		71,012
Less current portion	30,142		24,262
Long-term debt, less current portion	$	34,795	$	46,750

Schedule of future minimum payments of long-term debt, consisting of capital lease obligations and notes payable

			Capital Lease		Notes
	Total		Obligations(1)		Payable
	($ thousands)
Due in one year or less	$	32,215	$	22,265	$	9,950
Due after one year through two years	23,750		13,800		9,950
Due after two years through three years	8,396		2,806		5,590
Due after three years through four years	3,213		3,213		—
Due after four years through five years	214		214		—
Due after five years	642		642		—
Total minimum payments	68,430		42,940		25,490
Less amounts representing interest	3,493		2,452		1,041
Present value of net minimum payments included in long-term debt	$	64,937	$	40,488	$	24,449

(1)Minimum payments of capital lease obligations include maximum amounts due under rental adjustment clauses contained in the capital lease agreements.

Schedule of assets held under capital leases or securitized by notes payable

	March 31		December 31
	2012		2011
	($ thousands)
Land and structures (terminals)	$	1,794	$	1,794
Revenue equipment	91,753		91,925
Service, office and other equipment	1,813		1,813
	95,360		95,532
Less accumulated amortization(1)	32,209		26,759
	$	63,151	$	68,773

(1)Amortization of assets under capital leases and notes payable is included in depreciation expense.