LEASES

3 Months Ended

Mar. 31, 2020

Leases

LEASES

NOTE E – LEASES

The Company leases, under finance and operating lease arrangements, certain facilities used primarily in the Asset-Based segment service center operations, certain revenue equipment used in the ArcBest segment operations, and certain other office equipment.

The components of operating lease expense were as follows:

	Three Months Ended
	March 31, 2020		March 31, 2019
	(in thousands)
Operating lease expense	$	5,796	$	5,339
Variable lease expense		1,040		839
Sublease income		(92)		(67)
Total operating lease expense	$	6,744	$	6,111

The operating cash flows from operating lease activity were as follows:

	Three Months Ended
	March 31, 2020		March 31, 2019
	(in thousands)
Noncash change in operating right-of-use assets	$	5,815	$	4,730
Change in operating lease liabilities		(5,953)		(4,690)
Operating right-use-of-assets and lease liabilities, net	$	(138)	$	40
Cash paid for amounts included in the measurement of operating lease liabilities	$	(5,925)	$	(5,290)

Maturities of operating lease liabilities at March 31, 2020 were as follows:

					Equipment
			Land and		and
	Total		Structures(1)		Other
	(in thousands)
Remainder of 2020	$	17,679	$	16,935	$	744
2021		18,426		18,145		281
2022		13,922		13,911		11
2023		10,459		10,459		—
2024		7,817		7,817		—
Thereafter		16,891		16,891		—
Total lease payments		85,194		84,158		1,036
Less imputed interest		(7,936)		(7,917)		(19)
Total	$	77,258	$	76,241	$	1,017

(1) Excludes future minimum payments for leases which were executed but had not yet commenced as of March 31, 2020 of $34.7 million and $5.7 million which will be paid over 12 and 9 years, respectively. The Company plans to take possession of these leased spaces in mid-2020.