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Lease Obligations

9 Months Ended

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

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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