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Lease Obligations | 9 Months Ended
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Sep. 30, 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 September 30, 2019 |  | Nine Months Ended September 30, 2019
Operating lease cost | $ | 2,276 |  |  | $ | 6,447 |
Short-term lease cost | $ | 5,363 |  |  | $ | 13,375 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 69 |  |  | $ | 140 |
Interest on lease liabilities | 9 |  |  | 12 |
Total finance lease cost | $ | 78 |  |  | $ | 152 |
Supplemental cash flow information related to leases was as follows:
| Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 6,277 |
Operating cash flows from finance leases | $ | 12 |
Financing cash flows from finance leases | $ | 140 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |
Operating leases | $ | 8,138 |
Finance leases | $ | 770 |
Supplemental balance sheet information related to leases was as follows:
| September 30, 2019
Operating Leases |
Operating lease right-of-use assets | $ | 14,589 |
Current portion of long-term lease obligations | $ | 7,492 |
Long-term lease obligations | 7,191 |
Total operating lease liabilities | $ | 14,683 |
Finance Leases |
Property and equipment, at cost | $ | 1,433 |
Accumulated depreciation | (429 | )
Property and equipment, net | $ | 1,004 |
Current maturities of long-term debt | $ | 208 |
Long-term debt | 582 |
Total finance lease liabilities | $ | 790 |
Weighted Average Remaining Lease Term |
Operating leases | 2.6 |
Finance leases | 4.3 |
Weighted Average Discount Rate |
Operating leases | 6.3 | %
Finance leases | 4.2 | %
Maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
Year Ending December 31, |  |  |
2019 (excluding the nine months ended September 30, 2019) | $ | 1,839 |  |  | $ | 78 |
2020 | 6,459 |  |  | 209 |
2021 | 4,795 |  |  | 186 |
2022 | 2,565 |  |  | 161 |
2023 | 545 |  |  | 154 |
Thereafter | 21 |  |  | 77 |
Total lease payments | $ | 16,224 |  |  | $ | 865 |
Less imputed interest | (1,541 | ) |  | (75 | )
Total | $ | 14,683 |  |  | $ | 790 |
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 September 30, 2019 |  | Nine Months Ended September 30, 2019
Operating lease cost | $ | 2,276 |  |  | $ | 6,447 |
Short-term lease cost | $ | 5,363 |  |  | $ | 13,375 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 69 |  |  | $ | 140 |
Interest on lease liabilities | 9 |  |  | 12 |
Total finance lease cost | $ | 78 |  |  | $ | 152 |
Supplemental cash flow information related to leases was as follows:
| Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 6,277 |
Operating cash flows from finance leases | $ | 12 |
Financing cash flows from finance leases | $ | 140 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |
Operating leases | $ | 8,138 |
Finance leases | $ | 770 |
Supplemental balance sheet information related to leases was as follows:
| September 30, 2019
Operating Leases |
Operating lease right-of-use assets | $ | 14,589 |
Current portion of long-term lease obligations | $ | 7,492 |
Long-term lease obligations | 7,191 |
Total operating lease liabilities | $ | 14,683 |
Finance Leases |
Property and equipment, at cost | $ | 1,433 |
Accumulated depreciation | (429 | )
Property and equipment, net | $ | 1,004 |
Current maturities of long-term debt | $ | 208 |
Long-term debt | 582 |
Total finance lease liabilities | $ | 790 |
Weighted Average Remaining Lease Term |
Operating leases | 2.6 |
Finance leases | 4.3 |
Weighted Average Discount Rate |
Operating leases | 6.3 | %
Finance leases | 4.2 | %
Maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
Year Ending December 31, |  |  |
2019 (excluding the nine months ended September 30, 2019) | $ | 1,839 |  |  | $ | 78 |
2020 | 6,459 |  |  | 209 |
2021 | 4,795 |  |  | 186 |
2022 | 2,565 |  |  | 161 |
2023 | 545 |  |  | 154 |
Thereafter | 21 |  |  | 77 |
Total lease payments | $ | 16,224 |  |  | $ | 865 |
Less imputed interest | (1,541 | ) |  | (75 | )
Total | $ | 14,683 |  |  | $ | 790 |

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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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