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Lease Obligations | 6 Months Ended
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Jun. 30, 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 8 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 June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost | $ | 2,075 |  |  | $ | 1,960 |  |  | $ | 4,234 |  |  | $ | 4,171 |
Short-term lease cost | $ | 3,745 |  |  | $ | 3,269 |  |  | $ | 7,026 |  |  | $ | 8,012 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 49 |  |  | $ | 39 |  |  | $ | 105 |  |  | $ | 71 |
Interest on lease liabilities | 7 |  |  | 1 |  |  | 15 |  |  | 3 |
Total finance lease cost | $ | 56 |  |  | $ | 40 |  |  | $ | 120 |  |  | $ | 74 |
Supplemental cash flow information related to leases was as follows:
| Six Months Ended June 30, |  |
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 4,336 |  |  | $ | 4,466 |
Operating cash flows from finance leases | $ | 15 |  |  | $ | 3 |
Financing cash flows from finance leases | $ | 105 |  |  | $ | 71 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |  |  |
Operating leases | $ | 5,633 |  |  | $ | 6,311 |
Finance leases | $ | — |  |  | $ | 770 |
Supplemental balance sheet information related to leases was as follows:
| June 30, 2020 |  | December 31, 2019
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 17,076 |  |  | $ | 13,979 |
Current portion of long-term lease obligations | $ | 7,423 |  |  | $ | 7,095 |
Long-term lease obligations | 9,733 |  |  | 6,976 |
Total operating lease liabilities | $ | 17,156 |  |  | $ | 14,071 |
Finance Leases |  |  |
Property and equipment, at cost | $ | 1,479 |  |  | $ | 1,479 |
Accumulated depreciation | (592) |  |  | (482) |
Property and equipment, net | $ | 887 |  |  | $ | 997 |
Current maturities of long-term debt | $ | 195 |  |  | $ | 204 |
Long-term debt | 464 |  |  | 560 |
Total finance lease liabilities | $ | 659 |  |  | $ | 764 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 3.4 |  | 2.5
Finance leases | 3.7 |  | 4.0
Weighted Average Discount Rate |  |  |
Operating leases | 5.8 | % |  | 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 six months ended June 30, 2020) | $ | 3,662 |  |  | $ | 112 |
2021 | 6,294 |  |  | 208 |
2022 | 4,300 |  |  | 161 |
2023 | 2,767 |  |  | 154 |
2024 | 806 |  |  | 77 |
Thereafter | 1,438 |  |  | — |
Total lease payments | $ | 19,267 |  |  | $ | 712 |
Less imputed interest | (2,111) |  |  | (53) |
Total | $ | 17,156 |  |  | $ | 659 |
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 8 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 June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost | $ | 2,075 |  |  | $ | 1,960 |  |  | $ | 4,234 |  |  | $ | 4,171 |
Short-term lease cost | $ | 3,745 |  |  | $ | 3,269 |  |  | $ | 7,026 |  |  | $ | 8,012 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 49 |  |  | $ | 39 |  |  | $ | 105 |  |  | $ | 71 |
Interest on lease liabilities | 7 |  |  | 1 |  |  | 15 |  |  | 3 |
Total finance lease cost | $ | 56 |  |  | $ | 40 |  |  | $ | 120 |  |  | $ | 74 |
Supplemental cash flow information related to leases was as follows:
| Six Months Ended June 30, |  |
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 4,336 |  |  | $ | 4,466 |
Operating cash flows from finance leases | $ | 15 |  |  | $ | 3 |
Financing cash flows from finance leases | $ | 105 |  |  | $ | 71 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |  |  |
Operating leases | $ | 5,633 |  |  | $ | 6,311 |
Finance leases | $ | — |  |  | $ | 770 |
Supplemental balance sheet information related to leases was as follows:
| June 30, 2020 |  | December 31, 2019
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 17,076 |  |  | $ | 13,979 |
Current portion of long-term lease obligations | $ | 7,423 |  |  | $ | 7,095 |
Long-term lease obligations | 9,733 |  |  | 6,976 |
Total operating lease liabilities | $ | 17,156 |  |  | $ | 14,071 |
Finance Leases |  |  |
Property and equipment, at cost | $ | 1,479 |  |  | $ | 1,479 |
Accumulated depreciation | (592) |  |  | (482) |
Property and equipment, net | $ | 887 |  |  | $ | 997 |
Current maturities of long-term debt | $ | 195 |  |  | $ | 204 |
Long-term debt | 464 |  |  | 560 |
Total finance lease liabilities | $ | 659 |  |  | $ | 764 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 3.4 |  | 2.5
Finance leases | 3.7 |  | 4.0
Weighted Average Discount Rate |  |  |
Operating leases | 5.8 | % |  | 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 six months ended June 30, 2020) | $ | 3,662 |  |  | $ | 112 |
2021 | 6,294 |  |  | 208 |
2022 | 4,300 |  |  | 161 |
2023 | 2,767 |  |  | 154 |
2024 | 806 |  |  | 77 |
Thereafter | 1,438 |  |  | — |
Total lease payments | $ | 19,267 |  |  | $ | 712 |
Less imputed interest | (2,111) |  |  | (53) |
Total | $ | 17,156 |  |  | $ | 659 |

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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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