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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

X

- References

No definition available.

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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

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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

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