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Lease Obligations | 3 Months Ended
--- | ---
Mar. 31, 2019
Leases [Abstract] |
Lease Obligations |
9. | LEASE OBLIGATIONS
The Company has operating and finance leases primarily for construction and transportation equipment as well as office space. The Company’s leases have remaining lease terms of 1 month to 5 years, some of which include options to extend the leases for up to 10 years. The components of lease expense were as follows:
| Three Months Ended March 31, 2019
Operating lease cost | $ | 2,211 |
Short-term lease cost | $ | 4,743 |
Finance lease cost: |
Amortization of right-of-use assets | $ | 32 |
Interest on lease liabilities | 2 |
Total finance lease cost | $ | 34 |
Supplemental cash flow information related to leases was as follows:
| Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 2,383 |
Operating cash flows from finance leases | $ | 2 |
Financing cash flows from finance leases | $ | 32 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |
Operating leases | $ | 3,101 |
Finance leases | $ | 76 |
Supplemental balance sheet information related to leases was as follows:
| March 31, 2019
Operating Leases |
Operating lease right-of-use assets | $ | 15,290 |
Current portion of long-term lease obligations | $ | 7,009 |
Long-term lease obligations | 8,466 |
Total operating lease liabilities | $ | 15,475 |
Finance Leases |
Property and equipment, at cost | $ | 740 |
Accumulated depreciation | (323 | )
Property and equipment, net | $ | 417 |
Current maturities of long-term debt | $ | 134 |
Long-term debt, net of current maturities | 72 |
Total finance lease liabilities | $ | 206 |
Weighted Average Remaining Lease Term |
Operating leases | 2.9 |
Finance leases | 1.9 |
Weighted Average Discount Rate |
Operating leases | 6.0 | %
Finance leases | 3.8 | %
Maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
Year Ending December 31, |  |  |
2019 (excluding the three months ended March 31, 2019) | $ | 5,179 |  |  | $ | 121 |
2020 | 5,903 |  |  | 54 |
2021 | 4,163 |  |  | 31 |
2022 | 2,025 |  |  | 8 |
2023 | 289 |  |  | — |
Thereafter | 10 |  |  | — |
Total lease payments | $ | 17,569 |  |  | $ | 214 |
Less imputed interest | (2,094 | ) |  | (8 | )
Total | $ | 15,475 |  |  | $ | 206 |
Lease Obligations |
9. | LEASE OBLIGATIONS
The Company has operating and finance leases primarily for construction and transportation equipment as well as office space. The Company’s leases have remaining lease terms of 1 month to 5 years, some of which include options to extend the leases for up to 10 years. The components of lease expense were as follows:
| Three Months Ended March 31, 2019
Operating lease cost | $ | 2,211 |
Short-term lease cost | $ | 4,743 |
Finance lease cost: |
Amortization of right-of-use assets | $ | 32 |
Interest on lease liabilities | 2 |
Total finance lease cost | $ | 34 |
Supplemental cash flow information related to leases was as follows:
| Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 2,383 |
Operating cash flows from finance leases | $ | 2 |
Financing cash flows from finance leases | $ | 32 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |
Operating leases | $ | 3,101 |
Finance leases | $ | 76 |
Supplemental balance sheet information related to leases was as follows:
| March 31, 2019
Operating Leases |
Operating lease right-of-use assets | $ | 15,290 |
Current portion of long-term lease obligations | $ | 7,009 |
Long-term lease obligations | 8,466 |
Total operating lease liabilities | $ | 15,475 |
Finance Leases |
Property and equipment, at cost | $ | 740 |
Accumulated depreciation | (323 | )
Property and equipment, net | $ | 417 |
Current maturities of long-term debt | $ | 134 |
Long-term debt, net of current maturities | 72 |
Total finance lease liabilities | $ | 206 |
Weighted Average Remaining Lease Term |
Operating leases | 2.9 |
Finance leases | 1.9 |
Weighted Average Discount Rate |
Operating leases | 6.0 | %
Finance leases | 3.8 | %
Maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
Year Ending December 31, |  |  |
2019 (excluding the three months ended March 31, 2019) | $ | 5,179 |  |  | $ | 121 |
2020 | 5,903 |  |  | 54 |
2021 | 4,163 |  |  | 31 |
2022 | 2,025 |  |  | 8 |
2023 | 289 |  |  | — |
Thereafter | 10 |  |  | — |
Total lease payments | $ | 17,569 |  |  | $ | 214 |
Less imputed interest | (2,094 | ) |  | (8 | )
Total | $ | 15,475 |  |  | $ | 206 |

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- 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
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- 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
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