Forward Air Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following table summarizes the Company's lease costs for the quarter ended March 31, 2019 and related information:



	Three months ended
	March 31, 2019
Lease cost
Operating lease cost	$	13,861
Short-term lease cost	2,849
Variable lease cost	77,547
Sublease income	(535		)
Total lease cost	$	93,722

Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13,451
Right-of-use assets obtained in exchange for new operating lease liabilities	$	146,822
Weighted-average remaining lease term - operating leases (in years)	4
Weighted-average discount rate - operating leases	4.4		%

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the balance sheet as of March 31, 2019:



Payment Due Period	Operating Leases
2019	$	37,526
2020	40,201
2021	27,619
2022	18,036
2023	12,129
Thereafter	13,948
Total minimum lease payments	149,459
Less: amount of lease payments representing interest	(15,720		)
Present value of future minimum lease payments	133,739
Less: current obligations under leases	(43,824		)
Long-term lease obligations	$	89,915