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Leases (Tables) | 6 Months Ended
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Jun. 30, 2019
Leases [Abstract] |
Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Population of Leases | Following is a summary of the weighted average remaining lease term and weighted average discount rate for the Company’s population of leases as of June 30, 2019:
|  | Operating Leases |  | Financing Leases |
Weighted average remaining lease term |  | 8.8 years |  | 5.0 years |
Weighted average discount rate |  |  | 4.0 | % |  | 5.8 | %
Summary of Balances Related to Lease Portfolio within Condensed Consolidated Statement of Operations | Following is a summary of balances related to the Company’s lease portfolio within the Company’s condensed consolidated statement of operations for the second quarter and first half of 2019:
(in thousands) |  | Second Quarter 2019 |  |  | First Half 2019 |
Cost of sales impact: |  |  |  |  |  |  |  |
Operating leases costs |  | $ | 1,342 |  |  | $ | 2,683 |
Short-term and variable leases |  |  | 2,317 |  |  |  | 4,579 |
Depreciation expense from financing leases(1) |  |  | 354 |  |  |  | 707 |
Total cost of sales impact |  | $ | 4,013 |  |  | $ | 7,969 |
Selling, delivery and administrative expenses impact: |  |  |  |  |  |  |  |
Operating leases costs |  | $ | 3,026 |  |  | $ | 5,922 |
Short-term and variable leases |  |  | 779 |  |  |  | 1,838 |
Depreciation expense from financing leases(1) |  |  | 1,137 |  |  |  | 2,276 |
Total selling, delivery and administrative expenses impact |  | $ | 4,942 |  |  | $ | 10,036 |
Interest expense, net impact: |  |  |  |  |  |  |  |
Interest payments on financing lease obligations(2) |  | $ | 715 |  |  | $ | 1,417 |
Total interest expense, net impact |  | $ | 715 |  |  | $ | 1,417 |
Total lease cost |  | $ | 9,670 |  |  | $ | 19,422 |
(1) | During the second quarter of 2018, the Company had depreciation expense from capital leases of $0.3 million and $1.2 million in cost of sales and SD&A expenses, respectively. During the first half of 2018, the Company had depreciation expense from capital leases of $0.7 million and $2.3 million in cost of sales and SD&A expenses, respectively.
(2) | The Company had interest payments on capital lease obligations of $0.9 million during the second quarter of 2018 and $1.8 million during the first half of 2018.
Summary of Future Minimum Lease Payments For Noncancelable Operating And Financing Leases | Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of June 30, 2019:
(in thousands) |  | Operating Leases |  |  | Financing Leases |  |  | Total |
Remainder of 2019 |  | $ | 8,751 |  |  | $ | 5,222 |  |  | $ | 13,973 |
2020 |  |  | 18,652 |  |  |  | 10,611 |  |  |  | 29,263 |
2021 |  |  | 16,658 |  |  |  | 6,215 |  |  |  | 22,873 |
2022 |  |  | 13,551 |  |  |  | 2,694 |  |  |  | 16,245 |
2023 |  |  | 11,698 |  |  |  | 2,750 |  |  |  | 14,448 |
Thereafter |  |  | 54,384 |  |  |  | 8,214 |  |  |  | 62,598 |
Total minimum lease payments including interest |  | $ | 123,694 |  |  | $ | 35,706 |  |  | $ | 159,400 |
Less: Amounts representing interest |  |  | 21,119 |  |  |  | 4,505 |  |  |  | 25,624 |
Present value of minimum lease principal payments |  |  | 102,575 |  |  |  | 31,201 |  |  |  | 133,776 |
Less: Current portion of lease liabilities - operating and financing leases |  |  | 14,771 |  |  |  | 9,019 |  |  |  | 23,790 |
Noncurrent portion of lease liabilities - operating and financing leases |  | $ | 87,804 |  |  | $ | 22,182 |  |  | $ | 109,986 |
Summary of Future Minimum Lease Payments For Noncancelable Operating And Capital Leases | Following is a summary of future minimum lease payments for all noncancelable operating leases and capital leases as of December 30, 2018:
(in thousands) |  | Operating Leases |  |  | Capital Leases |  |  | Total |
2019 |  | $ | 14,146 |  |  | $ | 10,434 |  |  | $ | 24,580 |
2020 |  |  | 13,526 |  |  |  | 10,613 |  |  |  | 24,139 |
2021 |  |  | 12,568 |  |  |  | 6,218 |  |  |  | 18,786 |
2022 |  |  | 11,161 |  |  |  | 2,697 |  |  |  | 13,858 |
2023 |  |  | 10,055 |  |  |  | 2,753 |  |  |  | 12,808 |
Thereafter |  |  | 33,805 |  |  |  | 8,106 |  |  |  | 41,911 |
Total minimum lease payments including interest |  | $ | 95,261 |  |  | $ | 40,821 |  |  | $ | 136,082 |
Less: Amounts representing interest |  |  |  |  |  |  | 5,573 |  |  |  |  |
Present value of minimum lease principal payments |  |  |  |  |  |  | 35,248 |  |  |  |  |
Less: Current portion of lease liabilities - capital leases |  |  |  |  |  |  | 8,617 |  |  |  |  |
Noncurrent portion of lease liabilities - capital leases |  |  |  |  |  | $ | 26,631 |  |  |  |  |
Summary of Balances Related to Lease Portfolio within Condensed Consolidated Statement of Cash Flow | Following is a summary of balances related to the Company’s lease portfolio within the Company’s condensed consolidated statements of cash flows for the first half of 2019:
(in thousands) |  | First Half 2019 |
Cash flows from operating activities impact: |  |  |  |
Operating leases |  | $ | 8,515 |
Interest payments on financing lease obligations(1) |  |  | 1,417 |
Total cash flows from operating activities impact |  | $ | 9,932 |
Cash flows from financing activities: |  |  |  |
Principal payments on financing lease obligations(1) |  | $ | 4,261 |
Total cash flows from financing activities impact |  | $ | 4,261 |
(1) | During the first half of 2018, the Company had principal payments on capital lease obligations of $4.0 million and interest payments on capital lease obligations of $1.8 million.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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