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Lease Obligations | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost | $ | 2,187 |  |  | $ | 2,276 |  |  | $ | 6,421 |  |  | $ | 6,447 |
Short-term lease cost | $ | 3,311 |  |  | $ | 5,363 |  |  | $ | 10,337 |  |  | $ | 13,375 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 49 |  |  | $ | 69 |  |  | $ | 154 |  |  | $ | 140 |
Interest on lease liabilities | 7 |  |  | 9 |  |  | 22 |  |  | 12 |
Total finance lease cost | $ | 56 |  |  | $ | 78 |  |  | $ | 176 |  |  | $ | 152 |
Supplemental cash flow information related to leases was as follows:
| Nine Months Ended September 30,
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 6,281 |  |  | $ | 6,277 |
Operating cash flows from finance leases | $ | 22 |  |  | $ | 12 |
Financing cash flows from finance leases | $ | 154 |  |  | $ | 140 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |  |  |
Operating leases | $ | 7,679 |  |  | $ | 8,138 |
Finance leases | $ | — |  |  | $ | 770 |
Supplemental balance sheet information related to leases was as follows:
| September 30, 2020 |  | December 31, 2019
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 17,250 |  |  | $ | 13,979 |
Current portion of long-term lease obligations | $ | 7,624 |  |  | $ | 7,095 |
Long-term lease obligations | 9,668 |  |  | 6,976 |
Total operating lease liabilities | $ | 17,292 |  |  | $ | 14,071 |
Finance Leases |  |  |
Property and equipment, at cost | $ | 1,479 |  |  | $ | 1,479 |
Accumulated depreciation | (647) |  |  | (482) |
Property and equipment, net | $ | 832 |  |  | $ | 997 |
Current maturities of long-term debt | $ | 193 |  |  | $ | 204 |
Long-term debt | 417 |  |  | 560 |
Total finance lease liabilities | $ | 610 |  |  | $ | 764 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 3.4 |  | 2.5
Finance leases | 3.7 |  | 4.0
Weighted Average Discount Rate |  |  |
Operating leases | 5.7 | % |  | 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 nine months ended September 30, 2020) | $ | 1,774 |  |  | $ | 56 |
2021 | 7,231 |  |  | 208 |
2022 | 5,177 |  |  | 161 |
2023 | 2,568 |  |  | 154 |
2024 | 1,021 |  |  | 77 |
Thereafter | 1,549 |  |  | — |
Total lease payments | $ | 19,320 |  |  | $ | 656 |
Less imputed interest | (2,028) |  |  | (46) |
Total | $ | 17,292 |  |  | $ | 610 |
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 September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost | $ | 2,187 |  |  | $ | 2,276 |  |  | $ | 6,421 |  |  | $ | 6,447 |
Short-term lease cost | $ | 3,311 |  |  | $ | 5,363 |  |  | $ | 10,337 |  |  | $ | 13,375 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 49 |  |  | $ | 69 |  |  | $ | 154 |  |  | $ | 140 |
Interest on lease liabilities | 7 |  |  | 9 |  |  | 22 |  |  | 12 |
Total finance lease cost | $ | 56 |  |  | $ | 78 |  |  | $ | 176 |  |  | $ | 152 |
Supplemental cash flow information related to leases was as follows:
| Nine Months Ended September 30,
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 6,281 |  |  | $ | 6,277 |
Operating cash flows from finance leases | $ | 22 |  |  | $ | 12 |
Financing cash flows from finance leases | $ | 154 |  |  | $ | 140 |
Right-of-use assets obtained in exchange for lease obligations (noncash): |  |  |
Operating leases | $ | 7,679 |  |  | $ | 8,138 |
Finance leases | $ | — |  |  | $ | 770 |
Supplemental balance sheet information related to leases was as follows:
| September 30, 2020 |  | December 31, 2019
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 17,250 |  |  | $ | 13,979 |
Current portion of long-term lease obligations | $ | 7,624 |  |  | $ | 7,095 |
Long-term lease obligations | 9,668 |  |  | 6,976 |
Total operating lease liabilities | $ | 17,292 |  |  | $ | 14,071 |
Finance Leases |  |  |
Property and equipment, at cost | $ | 1,479 |  |  | $ | 1,479 |
Accumulated depreciation | (647) |  |  | (482) |
Property and equipment, net | $ | 832 |  |  | $ | 997 |
Current maturities of long-term debt | $ | 193 |  |  | $ | 204 |
Long-term debt | 417 |  |  | 560 |
Total finance lease liabilities | $ | 610 |  |  | $ | 764 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 3.4 |  | 2.5
Finance leases | 3.7 |  | 4.0
Weighted Average Discount Rate |  |  |
Operating leases | 5.7 | % |  | 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 nine months ended September 30, 2020) | $ | 1,774 |  |  | $ | 56 |
2021 | 7,231 |  |  | 208 |
2022 | 5,177 |  |  | 161 |
2023 | 2,568 |  |  | 154 |
2024 | 1,021 |  |  | 77 |
Thereafter | 1,549 |  |  | — |
Total lease payments | $ | 19,320 |  |  | $ | 656 |
Less imputed interest | (2,028) |  |  | (46) |
Total | $ | 17,292 |  |  | $ | 610 |

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