Leases (Tables)
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12 Months Ended |
Dec. 31, 2021 |
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| Leases [Abstract] |
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| Lease Assets and Liabilities |
Total lease assets and liabilities as of December 31, 2021 and 2020 were as follows:
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| Lease Assets |
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Classification |
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December 31, 2021 |
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December 31, 2020 |
| Operating lease right-of-use assets |
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Operating lease right-of-use assets |
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$ |
148,198 |
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$ |
123,338 |
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| Finance lease assets |
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Property and equipment, net1 |
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13,797 |
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6,642 |
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Total leased assets |
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$ |
161,995 |
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$ |
129,980 |
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| Lease Liabilities |
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Classification |
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December 31, 2021 |
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December 31, 2020 |
| Current: |
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| Operating |
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Current portion of operating lease liabilities |
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$ |
47,532 |
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$ |
43,680 |
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| Finance |
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Current portion of debt and finance lease obligations |
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4,588 |
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1,801 |
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| Noncurrent: |
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| Operating |
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Operating lease liabilities, less current portion |
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101,409 |
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80,346 |
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| Finance |
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Finance lease obligations, less current portion |
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9,571 |
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5,010 |
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Total leased liabilities |
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$ |
163,100 |
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$ |
130,837 |
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1 Finance lease assets are recorded net of accumulated depreciation of $4,822 and $2,256 as of December 31, 2021 and 2020, respectively.
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| Lease Costs |
Total lease cost for 2021 and 2020 was as follows:
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Year Ended |
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Classification |
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December 31,
2021 |
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December 31,
2020 |
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| Operating lease cost |
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Operating leases |
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$ |
54,561 |
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$ |
50,561 |
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| Short-term lease cost |
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Operating leases |
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14,773 |
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8,921 |
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| Variable lease cost |
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Purchased transportation, operating leases and other operating expenses |
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367,779 |
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339,148 |
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| Sublease income |
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Operating revenue |
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(2,050) |
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(1,628) |
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| Finance lease cost: |
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| Amortization of leased assets |
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Depreciation and amortization |
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3,381 |
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1,560 |
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| Interest on leased liabilities |
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Interest expense, net |
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301 |
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197 |
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| Total lease cost |
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$ |
438,745 |
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$ |
398,759 |
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The following table summarizes the weighted-average remaining lease term and weighted average discount rate:
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December 31, 2021 |
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December 31, 2020 |
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| Weighted average remaining lease term (in years): |
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| Operating leases |
4.1 |
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3.7 |
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| Finance leases |
3.5 |
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4.0 |
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| Weighted average discount rate: |
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| Operating leases |
2.9 |
% |
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3.2 |
% |
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| Finance leases |
2.6 |
% |
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3.1 |
% |
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The following table summarizes the supplemental cash flow information for 2021 and 2020:
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Year Ended |
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December 31, 2021 |
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December 31, 2020 |
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| Cash paid for amounts included in the measurement of lease liabilities: |
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| Operating cash flows from operating leases |
$ |
53,981 |
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$ |
50,263 |
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| Operating cash flows from finance leases |
301 |
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197 |
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| Financing cash flows from finance leases |
2,423 |
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1,446 |
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| Right-of-use assets obtained in exchange for operating lease liabilities |
$ |
74,736 |
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$ |
72,454 |
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| Leased assets obtained in exchange for finance lease obligations |
9,673 |
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1,927 |
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| Aggregate Future Minimum Lease Payments Under Noncancelable Operating Leases |
Future minimum lease payments under noncancelable operating and finance leases with remaining terms greater than one year as of December 31, 2021 were as follows:
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Operating Leases |
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Finance Leases |
| 2022 |
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$ |
52,832 |
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$ |
4,902 |
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| 2023 |
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39,558 |
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4,468 |
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| 2024 |
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31,029 |
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3,545 |
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| 2025 |
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20,261 |
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1,331 |
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| 2026 |
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12,371 |
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313 |
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| Thereafter |
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15,745 |
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449 |
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| Total minimum lease payments |
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171,796 |
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15,008 |
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| Less: imputed interest |
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(22,855) |
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(849) |
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| Present value of future minimum lease payments |
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148,941 |
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14,159 |
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| Less: current portion of lease obligations |
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(47,532) |
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(4,588) |
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| Long-term lease obligations |
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$ |
101,409 |
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$ |
9,571 |
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| Aggregate Future Minimum Lease Payments Under Noncancelable Finance Leases |
Future minimum lease payments under noncancelable operating and finance leases with remaining terms greater than one year as of December 31, 2021 were as follows:
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Operating Leases |
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Finance Leases |
| 2022 |
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$ |
52,832 |
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$ |
4,902 |
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| 2023 |
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39,558 |
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4,468 |
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| 2024 |
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31,029 |
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3,545 |
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| 2025 |
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20,261 |
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1,331 |
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| 2026 |
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12,371 |
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313 |
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| Thereafter |
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15,745 |
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449 |
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| Total minimum lease payments |
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171,796 |
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15,008 |
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| Less: imputed interest |
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(22,855) |
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(849) |
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| Present value of future minimum lease payments |
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148,941 |
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14,159 |
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| Less: current portion of lease obligations |
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(47,532) |
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(4,588) |
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| Long-term lease obligations |
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$ |
101,409 |
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$ |
9,571 |
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