LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2012

LONG-TERM DEBT AND FINANCING ARRANGEMENTS

Schedule of long-term debt

	December 31
	2012		2011
	(in thousands)
Term Loan (interest rate of 2.0% at December 31, 2012)	$	95,000	$	–
Notes payable (weighted-average interest rate of 3.0% at December 31, 2012)	37,756		26,751
Capital lease obligations (weighted-average interest rate of 4.5% at December 31, 2012)	23,229		44,261
	155,985		71,012
Less current portion	43,044		24,262
Long-term debt, less current portion	$	112,941	$	46,750

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

Scheduled maturities under the Term Loan and notes payable and future minimum payments under capital lease obligations included in long-term debt as of December 31, 2012 were as follows:

					Notes Payable		Capital Lease Obligations(1)
			Term		Revenue		Revenue				Equipment
	Total		Loan		Equipment		Equipment		Terminals		and Other
	(in thousands)
2013	$	46,434	$	13,037	$	16,443	$	16,458	$	195	$	301
2014	33,871		15,298		15,670		2,425		200		278
2015	28,269		17,510		7,051		3,061		207		440
2016	18,638		18,425		–		–		213		–
2017	36,803		36,584		–		–		219		–
Thereafter	477		–		–		–		477		–
Total payments	164,492		100,854		39,164		21,944		1,511		1,019
Less amounts representing interest	8,507		5,854		1,408		890		284		71
Long-term debt	$	155,985	$	95,000	$	37,756	$	21,054	$	1,227	$	948

(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

Assets held under capital leases or securitized by notes payable at December 31 were included in property, plant and equipment as follows:

	2012		2011
	(in thousands)
Land and structures (terminals)	$	1,794	$	1,794
Revenue equipment	93,004		91,925
Service, office, and other equipment	1,813		1,813
	96,611		95,532
Less accumulated amortization(1)	35,183		26,759
	$	61,428	$	68,773

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