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LEASES (Tables)

6 Months Ended

Jun. 30, 2019

LEASES

Schedule of lease cost

The components of lease cost for the three- and six-months ended June 30, 2019 was as follows:

​

​	​	​	​	​	​	​
​	​	Three-Months		​	Six-Months
​	​	Ended June 30,		​	Ended June 30,
​		2019			2019
Operating leases:	​	​	​	​	​	​
Lease cost	​	$	1,210	​	$	2,325
Variable lease cost	​		170	​		335
Operating lease cost	​		1,380	​		2,660
​	​	​	​	​	​	​
Short term lease cost	​		477	​		1,559
​	​	​	​	​	​	​
Finance leases:	​	​	​	​	​	​
Amortization of ROU assets	​		94	​		174
Interest on finance lease liabilities	​		15	​		30
Finance lease cost	​		109	​		204
​	​	​	​	​	​	​
Total lease cost	​	$	1,966	​	$	4,423

Schedule of supplemental cash flow information for leases

Supplemental cash flow information for leases for the six-months ended June 30, 2019 was as follows:

​

​	​	​	​
Cash paid for amounts included in the measurement of lease liabilities:		​	​
Operating cash flows from operating leases	​	$	2,032
Operating cash flows from finance leases	​		30
Financing cash flows from finance leases	​		932
​	​	​	​
ROU assets obtained in exchange for lease obligations:	​	​	​
Finance leases	​		1,252
Operating leases	​		27,224

Schedule of ROU assets for operating and finance leases

ROU assets for operating and finance leases at June 30, 2019 were comprised of the following:

​

​	​	​	​	​	​	​	​	​	​
​		Real Estate			Equipment			Total
Operating leases	​	$	24,714	​	$	578	​	$	25,292
Finance leases	​		-	​		2,360	​		2,360

Schedule of weighted-average remaining lease term and weighted-average discount rate

The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at June 30, 2019 was as follows:

​

​	​	​	​	​	​
​		Operating Leases		Finance Leases
Weighted-average remaining lease term (years)		10.5		0.7	​
Weighted-average discount rate		3.6	%	4.3	%

Schedule of reconciliation of undiscounted future lease payments for operating leases

The following table reconciles the undiscounted future lease payments for operating and finance leases to the operating and finance leases recorded in the condensed consolidated balance sheet at June 30, 2019:

​

​	​	​	​	​	​	​
​	​	Undiscounted Future Lease Payments
​		Operating Leases			Finance Leases
2019 (excluding the six-months ended June 30, 2019)	​	$	1,978	​	$	821
2020	​		3,405	​		358
2021	​		2,765	​		-
2022	​		2,217	​		-
2023	​		1,753	​		-
2024 and thereafter	​		14,585	​		-
Total lease payments	​		26,703	​		1,179
Less interest	​		(4,826)	​		(18)
Total	​	$	21,877	​	$	1,161
​	​	​	​	​	​	​
Accrued liabilities	​	$	3,111	​	$	1,161
Other liabilities	​		18,766	​		-

Schedule of reconciliation of undiscounted future lease payments for finance leases

The following table reconciles the undiscounted future lease payments for operating and finance leases to the operating and finance leases recorded in the condensed consolidated balance sheet at June 30, 2019:

​

​	​	​	​	​	​	​
​	​	Undiscounted Future Lease Payments
​		Operating Leases			Finance Leases
2019 (excluding the six-months ended June 30, 2019)	​	$	1,978	​	$	821
2020	​		3,405	​		358
2021	​		2,765	​		-
2022	​		2,217	​		-
2023	​		1,753	​		-
2024 and thereafter	​		14,585	​		-
Total lease payments	​		26,703	​		1,179
Less interest	​		(4,826)	​		(18)
Total	​	$	21,877	​	$	1,161
​	​	​	​	​	​	​
Accrued liabilities	​	$	3,111	​	$	1,161
Other liabilities	​		18,766	​		-

​

Schedule of future minimum operating lease commitments

The Company’s future minimum operating lease commitments, as of December 31, 2018, under ASC 840, the predecessor to ASC 842, were as follows:

​

​	​	​	​
Year Ending December 31:		​
​	​	​	​
2019	​	$	3,954
2020	​		2,949
2021	​		2,410
2022	​		2,114
2023	​		1,681
2024 and thereafter	​		14,860
​	​	$	27,968

​

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Tabular disclosure of right of use assets for operating and finance leases.

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Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

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-SubTopic 20
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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

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