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Lease Obligations | 3 Months Ended
--- | ---
Mar. 31, 2020
Leases [Abstract] |
Lease Obligations |
10. | 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,
| 2020 |  | 2019
Operating lease cost | $ | 2,159 |  |  | $ | 2,211 |
Short-term lease cost | $ | 3,281 |  |  | $ | 4,743 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 56 |  |  | $ | 32 |
Interest on lease liabilities | 8 |  |  | 2 |
Total finance lease cost | $ | 64 |  |  | $ | 34 |
Supplemental cash flow information related to leases was as follows:
| Three Months Ended March 31,
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 2,105 |  |  | $ | 2,383 |
Operating cash flows from finance leases | $ | 8 |  |  | $ | 2 |
Financing cash flows from finance leases | $ | 56 |  |  | $ | 32 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |  |  |
Operating leases | $ | 3,540 |  |  | $ | 3,101 |
Finance leases | $ | — |  |  | $ | 76 |
Supplemental balance sheet information related to leases was as follows:
| March 31, 2020 |  | December 31, 2019
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 14,790 |  |  | $ | 13,979 |
Current portion of long-term lease obligations | $ | 7,410 |  |  | $ | 7,095 |
Long-term lease obligations | 7,465 |  |  | 6,976 |
Total operating lease liabilities | $ | 14,875 |  |  | $ | 14,071 |
Finance Leases |  |  |
Property and equipment, at cost | $ | 1,479 |  |  | $ | 1,479 |
Accumulated depreciation | (537 | ) |  | (482 | )
Property and equipment, net | $ | 942 |  |  | $ | 997 |
Current maturities of long-term debt | $ | 198 |  |  | $ | 204 |
Long-term debt | 509 |  |  | 560 |
Total finance lease liabilities | $ | 707 |  |  | $ | 764 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 2.6 |  |  | 2.5 |
Finance leases | 3.9 |  |  | 4.0 |
Weighted Average Discount Rate |  |  |
Operating leases | 6.0 | % |  | 6.0 | %
Finance leases | 4.2 | % |  | 4.2 | %
Maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
Year Ending December 31, |  |  |
2020 (excluding the three months ended March 31, 2020) | $ | 5,159 |  |  | $ | 168 |
2021 | 5,720 |  |  | 208 |
2022 | 3,768 |  |  | 161 |
2023 | 1,624 |  |  | 154 |
2024 | 198 |  |  | 77 |
Thereafter | 11 |  |  | — |
Total lease payments | $ | 16,480 |  |  | $ | 768 |
Less imputed interest | (1,605 | ) |  | (61 | )
Total | $ | 14,875 |  |  | $ | 707 |
Lease Obligations |
10. | 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,
| 2020 |  | 2019
Operating lease cost | $ | 2,159 |  |  | $ | 2,211 |
Short-term lease cost | $ | 3,281 |  |  | $ | 4,743 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 56 |  |  | $ | 32 |
Interest on lease liabilities | 8 |  |  | 2 |
Total finance lease cost | $ | 64 |  |  | $ | 34 |
Supplemental cash flow information related to leases was as follows:
| Three Months Ended March 31,
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 2,105 |  |  | $ | 2,383 |
Operating cash flows from finance leases | $ | 8 |  |  | $ | 2 |
Financing cash flows from finance leases | $ | 56 |  |  | $ | 32 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |  |  |
Operating leases | $ | 3,540 |  |  | $ | 3,101 |
Finance leases | $ | — |  |  | $ | 76 |
Supplemental balance sheet information related to leases was as follows:
| March 31, 2020 |  | December 31, 2019
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 14,790 |  |  | $ | 13,979 |
Current portion of long-term lease obligations | $ | 7,410 |  |  | $ | 7,095 |
Long-term lease obligations | 7,465 |  |  | 6,976 |
Total operating lease liabilities | $ | 14,875 |  |  | $ | 14,071 |
Finance Leases |  |  |
Property and equipment, at cost | $ | 1,479 |  |  | $ | 1,479 |
Accumulated depreciation | (537 | ) |  | (482 | )
Property and equipment, net | $ | 942 |  |  | $ | 997 |
Current maturities of long-term debt | $ | 198 |  |  | $ | 204 |
Long-term debt | 509 |  |  | 560 |
Total finance lease liabilities | $ | 707 |  |  | $ | 764 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 2.6 |  |  | 2.5 |
Finance leases | 3.9 |  |  | 4.0 |
Weighted Average Discount Rate |  |  |
Operating leases | 6.0 | % |  | 6.0 | %
Finance leases | 4.2 | % |  | 4.2 | %
Maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
Year Ending December 31, |  |  |
2020 (excluding the three months ended March 31, 2020) | $ | 5,159 |  |  | $ | 168 |
2021 | 5,720 |  |  | 208 |
2022 | 3,768 |  |  | 161 |
2023 | 1,624 |  |  | 154 |
2024 | 198 |  |  | 77 |
Thereafter | 11 |  |  | — |
Total lease payments | $ | 16,480 |  |  | $ | 768 |
Less imputed interest | (1,605 | ) |  | (61 | )
Total | $ | 14,875 |  |  | $ | 707 |

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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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