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Lease Obligations

9 Months Ended

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

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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