Leases (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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| Leases [Abstract] |
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| Lease Assets and Liabilities |
Total lease assets and liabilities as of December 31, 2022 and 2021 were as follows:
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| Lease Assets |
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Classification |
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December 31, 2022 |
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December 31, 2021 |
| Operating lease right-of-use assets |
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Operating lease right-of-use assets |
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$ |
141,865 |
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$ |
148,198 |
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| Finance lease assets |
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Property and equipment, net1 |
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23,209 |
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13,797 |
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Total leased assets |
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$ |
165,074 |
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$ |
161,995 |
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| Lease Liabilities |
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Classification |
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December 31, 2022 |
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December 31, 2021 |
| Current: |
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| Operating |
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Current portion of operating lease liabilities |
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$ |
47,106 |
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$ |
47,532 |
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| Finance |
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Current portion of debt and finance lease obligations |
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7,950 |
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4,588 |
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| Noncurrent: |
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| Operating |
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Operating lease liabilities, less current portion |
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98,865 |
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101,409 |
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| Finance |
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Finance lease obligations, less current portion |
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15,844 |
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9,571 |
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Total leased liabilities |
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$ |
169,765 |
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$ |
163,100 |
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1 Finance lease assets are recorded net of accumulated depreciation of $11,097 and $4,822 as of December 31, 2022 and 2021, respectively.
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| Lease Costs |
Total lease cost for 2022 and 2021 was as follows:
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Year Ended |
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Classification |
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December 31,
2022 |
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December 31,
2021 |
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| Operating lease cost |
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Operating leases |
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$ |
60,732 |
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$ |
54,561 |
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| Short-term lease cost |
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Operating leases |
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20,413 |
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14,773 |
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| Variable lease cost |
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Purchased transportation, operating leases and other operating expenses |
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460,368 |
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367,779 |
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| Sublease income |
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Operating revenue |
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(2,978) |
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(2,050) |
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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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6,263 |
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3,381 |
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| Interest on leased liabilities |
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Interest expense, net |
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564 |
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301 |
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| Total lease cost |
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$ |
545,362 |
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$ |
438,745 |
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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, 2022 |
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December 31, 2021 |
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| Weighted average remaining lease term (in years): |
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| Operating leases |
3.8 |
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4.1 |
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| Finance leases |
3.6 |
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3.5 |
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| Weighted average discount rate: |
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| Operating leases |
3.2 |
% |
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2.9 |
% |
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| Finance leases |
4.2 |
% |
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2.6 |
% |
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The following table summarizes the supplemental cash flow information for 2022 and 2021:
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Year Ended |
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December 31, 2022 |
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December 31, 2021 |
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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 |
$ |
58,794 |
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$ |
53,981 |
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| Operating cash flows from finance leases |
564 |
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301 |
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| Financing cash flows from finance leases |
6,054 |
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2,423 |
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| Right-of-use assets obtained in exchange for operating lease liabilities |
$ |
50,306 |
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$ |
74,736 |
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| Leased assets obtained in exchange for finance lease obligations |
15,737 |
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9,673 |
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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, 2022 were as follows:
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Operating Leases |
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Finance Leases |
| 2023 |
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$ |
57,015 |
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$ |
8,796 |
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| 2024 |
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47,206 |
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7,707 |
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| 2025 |
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32,052 |
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4,531 |
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| 2026 |
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20,463 |
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2,764 |
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| 2027 |
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9,351 |
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1,993 |
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| Thereafter |
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9,901 |
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197 |
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| Total minimum lease payments |
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175,988 |
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25,988 |
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| Less: imputed interest |
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(30,017) |
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(2,194) |
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| Present value of future minimum lease payments |
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145,971 |
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23,794 |
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| Less: current portion of lease obligations |
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(47,106) |
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(7,950) |
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| Long-term lease obligations |
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$ |
98,865 |
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$ |
15,844 |
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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, 2022 were as follows:
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Operating Leases |
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Finance Leases |
| 2023 |
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$ |
57,015 |
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$ |
8,796 |
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| 2024 |
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47,206 |
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7,707 |
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| 2025 |
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32,052 |
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4,531 |
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| 2026 |
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20,463 |
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2,764 |
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| 2027 |
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9,351 |
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1,993 |
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| Thereafter |
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9,901 |
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197 |
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| Total minimum lease payments |
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175,988 |
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25,988 |
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| Less: imputed interest |
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(30,017) |
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(2,194) |
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| Present value of future minimum lease payments |
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145,971 |
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23,794 |
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| Less: current portion of lease obligations |
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(47,106) |
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(7,950) |
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| Long-term lease obligations |
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$ |
98,865 |
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$ |
15,844 |
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