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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Description of Business and Basis of Presentation (Policies)
Notes Tables
Notes Details

Indebtedness (Details)

v3.21.1

Indebtedness (Details) - USD ($)		1 Months Ended	3 Months Ended
Indebtedness (Details) - USD ($)	Apr. 16, 2020	Apr. 30, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Apr. 30, 2020
Debt Instrument [Line Items]
Proceeds from revolving credit facility			$ 0	$ 65,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount						$ 225,000,000
Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate spread above LIBOR as of reporting period	1.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility amount			112,500,000		$ 112,500,000	250,000,000
Available borrowing capacity			$ 94,174,000
Interest rate at period end			3.25%	2.30%
Term	5 years
Aggregate principal amount	$ 150,000,000
Additional borrowing capacity of credit facility						$ 25,000,000
Revolving Credit Facility \| Subsequent Event
Debt Instrument [Line Items]
Proceeds from revolving credit facility		$ 20,000,000
Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate spread above LIBOR as of reporting period	1.00%
Minimum interest rate spread	2.25%
Maximum interest rate spread	2.75%
Minimum margin	0.25%
Maximum margin	0.75%
Revolving Credit Facility \| Base Rate
Debt Instrument [Line Items]
Minimum interest rate	3.00%
Revolving Credit Facility \| Fed Funds Effective Rate Overnight Index Swap Rate
Debt Instrument [Line Items]
Interest rate spread above LIBOR as of reporting period	0.50%
Letter of Credit
Debt Instrument [Line Items]
Outstanding amount			$ 18,326,000
Sublimit amount	$ 30,000,000
Swing Line Loan
Debt Instrument [Line Items]
Sublimit amount	$ 30,000,000

- Definition

Additional optional borrowing capacity under the credit facility.

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- Definition

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- Definition

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- Definition

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- Definition

Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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