ScheduledExecutorService one thread many tasks

I am new to ExecutorService and wonder why following code prints correctly "10 15", even though I have created only one thread to process the timeouts? Why can I call schedule many times without previous tasks being cancelled on a single thread executor?

import java.util.concurrent.Executors;
import java.util.concurrent.ScheduledExecutorService;
import java.util.concurrent.TimeUnit;


public class TestExecutorService implements Runnable {
    public static ScheduledExecutorService SERVICE = Executors.newSingleThreadScheduledExecutor();
    private int delay;


    public TestExecutorService(int delay) {
        this.delay = delay;
    }

    public void run () {
        System.out.println(delay);
    }

    public static void main (String[] args) {
        SERVICE.schedule(new TestExecutorService(10), 10, TimeUnit.SECONDS);
        SERVICE.schedule(new TestExecutorService(15), 15, TimeUnit.SECONDS);

        SERVICE.shutdown();
    }
}