v3.26.1
Lease Obligations
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Operating Leases Lease Obligations
Operating lease right-of-use assets associated with terminal leases was $11.5 million as of June 30, 2026. The operating leases have a weighted average interest rate of 5.3% at June 30, 2026, due in monthly installments with final maturities at various dates ranging from April 2027 to June 2031 with the weighted average remaining lease term of 4.2 years. The remaining revenue equipment operating leases from the Smith Transport acquisition were eliminated during the three and six months ended June 30, 2026.
Our future minimum lease payments as of June 30, 2026, are summarized as follows:
(in thousands)Operating
2026 (remaining)$2,010 
20273,121 
20282,821 
20292,171 
20302,040 
2031697 
Total minimum lease payments12,860 
Less: future payment amount for interest1,347 
Present value of minimum lease payments$11,513 
Less: current portion3,202 
Lease obligations, long-term$8,311