XML 38 R13.htm IDEA: XBRL DOCUMENT
v3.20.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2020
Leases [Abstract] |
LEASES | LEASES Right of Use Assets and Liabilities The following table summarizes quantitative information pertaining to the Company’s finance and operating leases.
| Three Months Ended March 31,
In thousands | 2020 |  | 2019
Lease Cost |  |  |
Operating lease cost | $ | 2,897 |  |  | $ | 3,449 |
Short-term operating lease cost | $ | 1,667 |  |  | $ | 2,751 |
Finance Lease Cost: |  |  |
Amortization of leased assets | $ | 5,973 |  |  | $ | 2,968 |
Interest on lease liabilities | 1,005 |  |  | 1,107 |
Total finance lease cost | $ | 6,978 |  |  | $ | 4,075 |
Supplemental cash flow information related to leases was as follows:
| Three Months Ended March 31,
In thousands | 2020 |  | 2019
Other Information |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 4,871 |  |  | $ | 6,200 |
Operating cash flows from finance leases | $ | 1,005 |  |  | $ | 1,107 |
Financing cash flows from finance leases | $ | 5,901 |  |  | $ | 7,356 |
Supplemental balance sheet information related to leases was as follows:
In thousands | March 31, 2020 |  | December 31, 2019
Operating Leases |  |  |
Other assets, non-current | $ | 44,436 |  |  | $ | 49,169 |
Accrued liabilities and other | $ | 12,198 |  |  | $ | 13,104 |
Other long-term liabilities | 32,448 |  |  | 40,634 |
Total operating lease liabilities | $ | 44,646 |  |  | $ | 53,738 |
Finance Leases |  |  |
Property and equipment, gross | $ | 102,768 |  |  | $ | 103,903 |
Accumulated depreciation | (43,734 | ) |  | (42,209 | )
Property and equipment, net | $ | 59,034 |  |  | $ | 61,694 |
Debt, current | $ | 23,588 |  |  | $ | 22,746 |
Debt, non-current | 42,459 |  |  | 45,866 |
Total finance lease liabilities | $ | 66,047 |  |  | $ | 68,612 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.63 |  |  | 1.73 |
Weighted-average remaining lease term - operating leases | 4.47 |  |  | 4.70 |
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.35 | % |  | 5.40 | %
Weighted-average discount rate - operating leases | 5.19 | % |  | 5.20 | %
In the three months ended March 31, 2020, the Company entered into an agreement to modify one of its operating leases, significantly reducing the lease amount and lease term, thereby decreasing the operating lease liability at remeasurement. The Company recognized a gain of $4.1 million, which is recognized in Pre-development, reclamation, and other, together with the adjustment to the right of use asset and operating lease liability. Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
At March 31, (In thousands) |  |
| Operating leases | Finance leases
2020 | $ | 9,524 |  | $ | 19,938 |
2021 | 11,119 |  | 25,412 |
2022 | 10,684 |  | 18,779 |
2023 | 10,205 |  | 6,817 |
2024 | 8,605 |  | 1,690 |
Thereafter | — |  | 145 |
Total | $ | 50,137 |  | $ | 72,781 |
Less: imputed interest | (5,491 | ) | (6,734 | )
Net lease obligation | $ | 44,646 |  | $ | 66,047 |
LEASES | LEASES Right of Use Assets and Liabilities The following table summarizes quantitative information pertaining to the Company’s finance and operating leases.
| Three Months Ended March 31,
In thousands | 2020 |  | 2019
Lease Cost |  |  |
Operating lease cost | $ | 2,897 |  |  | $ | 3,449 |
Short-term operating lease cost | $ | 1,667 |  |  | $ | 2,751 |
Finance Lease Cost: |  |  |
Amortization of leased assets | $ | 5,973 |  |  | $ | 2,968 |
Interest on lease liabilities | 1,005 |  |  | 1,107 |
Total finance lease cost | $ | 6,978 |  |  | $ | 4,075 |
Supplemental cash flow information related to leases was as follows:
| Three Months Ended March 31,
In thousands | 2020 |  | 2019
Other Information |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 4,871 |  |  | $ | 6,200 |
Operating cash flows from finance leases | $ | 1,005 |  |  | $ | 1,107 |
Financing cash flows from finance leases | $ | 5,901 |  |  | $ | 7,356 |
Supplemental balance sheet information related to leases was as follows:
In thousands | March 31, 2020 |  | December 31, 2019
Operating Leases |  |  |
Other assets, non-current | $ | 44,436 |  |  | $ | 49,169 |
Accrued liabilities and other | $ | 12,198 |  |  | $ | 13,104 |
Other long-term liabilities | 32,448 |  |  | 40,634 |
Total operating lease liabilities | $ | 44,646 |  |  | $ | 53,738 |
Finance Leases |  |  |
Property and equipment, gross | $ | 102,768 |  |  | $ | 103,903 |
Accumulated depreciation | (43,734 | ) |  | (42,209 | )
Property and equipment, net | $ | 59,034 |  |  | $ | 61,694 |
Debt, current | $ | 23,588 |  |  | $ | 22,746 |
Debt, non-current | 42,459 |  |  | 45,866 |
Total finance lease liabilities | $ | 66,047 |  |  | $ | 68,612 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.63 |  |  | 1.73 |
Weighted-average remaining lease term - operating leases | 4.47 |  |  | 4.70 |
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.35 | % |  | 5.40 | %
Weighted-average discount rate - operating leases | 5.19 | % |  | 5.20 | %
In the three months ended March 31, 2020, the Company entered into an agreement to modify one of its operating leases, significantly reducing the lease amount and lease term, thereby decreasing the operating lease liability at remeasurement. The Company recognized a gain of $4.1 million, which is recognized in Pre-development, reclamation, and other, together with the adjustment to the right of use asset and operating lease liability. Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
At March 31, (In thousands) |  |
| Operating leases | Finance leases
2020 | $ | 9,524 |  | $ | 19,938 |
2021 | 11,119 |  | 25,412 |
2022 | 10,684 |  | 18,779 |
2023 | 10,205 |  | 6,817 |
2024 | 8,605 |  | 1,690 |
Thereafter | — |  | 145 |
Total | $ | 50,137 |  | $ | 72,781 |
Less: imputed interest | (5,491 | ) | (6,734 | )
Net lease obligation | $ | 44,646 |  | $ | 66,047 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration