v3.26.1
Lease Obligations
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Operating Leases Lease Obligations
Operating lease right-of-use assets associated with terminal leases was $3.3 million as of March 31, 2026. The operating leases have a weighted average interest rate of 5.3% at March 31, 2026, due in monthly installments with final maturities at various dates ranging from April 2027 to March 2029 with the weighted average remaining lease term of 2.3 years. The remaining revenue equipment operating leases from the Smith Transport acquisition were eliminated during the three months ended March 31, 2026.
Our future minimum lease payments as of March 31, 2026, are summarized as follows:
(in thousands)Operating
2026 (remaining)$1,486 
20271,081 
2028781 
2029131 
Total minimum lease payments$3,479 
Less: future payment amount for interest206 
Present value of minimum lease payments$3,273 
Less: current portion1,865 
Lease obligations, long-term$1,408