LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2014

LONG-TERM DEBT AND FINANCING ARRANGEMENTS

	March 31		December 31
	2014		2013
	(in thousands)
Term Loan (interest rate of 1.7% at March 31, 2014)	$	80,625	$	83,750
Notes payable (weighted average interest rate of 2.9% at March 31, 2014)	18,036		22,082
Capital lease obligations (weighted average interest rate of 4.9% at March 31, 2014)	6,419		7,013
	105,080		112,845
Less current portion	30,725		31,513
Long-term debt, less current portion	$	74,355	$	81,332

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	$	32,414	$	15,485	$	14,132	$	2,797
Due after one year through two years	25,559		18,078		4,262		3,219
Due after two years through three years	19,040		18,826		—		214
Due after three years through four years	32,341		32,120		—		221
Due after four years through five years	227		—		—		227
Due after five years	194		—		—		194
Total payments	109,775		84,509		18,394		6,872
Less amounts representing interest	4,695		3,884		358		453
Long-term debt	$	105,080	$	80,625	$	18,036	$	6,419

(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 securitizing notes payable or held under capital leases

	March 31		December 31
	2014		2013(1)
	(in thousands)
Revenue equipment	$	58,525	$	58,613
Land and structures (terminals)	1,793		1,794
Service, office, and other equipment	1,759		1,758
Total assets securitizing notes payable or held under capital leases	62,077		62,165
Less accumulated depreciation and amortization(2)	29,445		26,847
Net assets securitizing notes payable or held under capital leases	$	32,632	$	35,318

(1) The individual line items in this table for 2013 are the same as those previously presented in Note H to the consolidated financial statements in Part II, Item 8 of the Company’s 2013 Annual Report on Form 10-K; however, the total amounts for the 2013 period have been revised to reflect proper calculation. (The corresponding December 31, 2012 amount of assets securitizing notes payable or held under capital leases totaled $96.6 million and $61.4 million net of accumulated amortization.)

(2) Amortization of assets under capital leases and depreciation of assets securitizing notes payable are included in depreciation expense.