LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2012

LONG-TERM DEBT AND FINANCING ARRANGEMENTS

Schedule of long-term debt

	June 30		December 31
	2012		2011
	($ thousands)
Term Loan (interest rate of 2.0% at June 30, 2012)	$	100,000	$	—
Capital lease obligations (weighted average interest rate of 4.4% at June 30, 2012)	36,746		44,261
Notes payable (weighted average interest rate of 3.1% at June 30, 2012)	43,332		26,751
	180,078		71,012
Less current portion	46,282		24,262
Long-term debt, less current portion	$	133,796	$	46,750

Scheduled maturities under the Term Loan and notes payable and future minimum payments under capital lease obligations included in long-term debt

			Term		Capital Lease		Notes
	Total		Loan		Obligations(1)		Payable
	($ thousands)
Due in one year or less	$	51,115	$	12,528	$	21,417	$	17,170
Due after one year through two years	43,639		14,611		11,620		17,408
Due after two years through three years	29,633		16,779		2,497		10,357
Due after three years through four years	21,559		18,888		2,433		238
Due after four years through five years	46,135		45,919		216		—
Due after five years	587		—		587		—
Total payments	192,668		108,725		38,770		45,173
Less amounts representing interest	12,590		8,725		2,024		1,841
Long-term debt	$	180,078	$	100,000	$	36,746	$	43,332

(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

	June 30		December 31
	2012		2011
	($ thousands)
Land and structures (terminals)	$	1,794	$	1,794
Revenue equipment	111,892		91,925
Service, office and other equipment	1,813		1,813
	115,499		95,532
Less accumulated amortization(1)	38,470		26,759
	$	77,029	$	68,773

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