LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2013

LONG-TERM DEBT AND FINANCING ARRANGEMENTS

	March 31		December 31
	2013		2012
	(in thousands)

Term Loan (interest rate of 1.7% at March 31, 2013)	$	92,500	$	95,000
Notes payable (weighted average interest rate of 3.0% at March 31, 2013)	34,080		37,756
Capital lease obligations (weighted average interest rate of 4.4% at March 31, 2013)	18,450		23,229
	145,030		155,985
Less current portion	39,861		43,044
Long-term debt, less current portion	$	105,169	$	112,941

Scheduled maturities of long-term debt obligations

			Term		Notes		Capital Lease
	Total		Loan(1)		Payable		Obligations(2)
	(in thousands)

Due in one year or less	$	42,771	$	13,434	$	16,728	$	12,609
Due after one year through two years	32,802		15,796		14,227		2,779
Due after two years through three years	25,679		18,184		4,282		3,213
Due after three years through four years	18,872		18,658		—		214
Due after four years through five years	32,306		32,085		—		221
Due after five years	421		—		—		421
Total payments	152,851		98,157		35,237		19,457
Less amounts representing interest	7,821		5,657		1,157		1,007
Long-term debt	$	145,030	$	92,500	$	34,080	$	18,450

(1) The future interest payments included in the scheduled maturities due under the Term Loan are calculated using variable interest rates based on the LIBOR swap curve, plus the anticipated applicable margin (see Term Loan within the Financing Arrangements section of this Note).

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

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

	March 31		December 31
	2013		2012
	(in thousands)

Land and structures (terminals)	$	1,794	$	1,794
Revenue equipment	81,588		93,004
Service, office, and other equipment	1,503		1,813
	84,885		96,611
Less accumulated amortization(1)	31,689		35,183
Net assets securitized by notes payable or held under capital leases	$	53,196	$	61,428

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