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Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of lease-related assets and liabilities

The table below presents the lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheet:

(in thousands)	Classification	As of March 31, 2019
Assets
Non-Current
Operating	Operating lease right-of-use assets	$	45,280
Finance	Property and equipment, net		9,217
Total lease assets		$	54,497
Liabilities
Current
Operating	Current maturities of operating lease obligations	$	14,241
Financing	Current maturities of finance lease obligations		4,328
Non-Current
Operating	Operating lease obligations		30,682
Financing	Finance lease obligations		3,974
Total lease liabilities		$	53,225
Weighted-average remaining lease term
Operating leases			4.5 years
Finance leases			2.3 years
Weighted-average discount rate
Operating leases (1)			5.04	%
Finance leases			4.57	%

(1)	Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019.

Schedule of lease costs for finance and operating leases

The table below presents certain information related to the lease costs for finance and operating leases during 2019:

(in thousands)	Classification		Three months ended March 31 , 2019
Operating lease cost (1)	Administrative	$	4,987
Finance lease cost
Amortization of leased assets (2)	Cost of sales		1,478
Interest on capital lease obligations	Interest expense, net		94
Total lease costs		$	6,559

(1)	Includes variable lease costs of $0.5 million and short-term lease costs of $ 0.2 million.
(2)	Includes variable lease costs of $0.3 million.

Schedule of Supplemental Cash flow information Related to Leases

The table below presents supplemental cash flow information related to leases during 2019 (in thousands):

	Three months ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	4,233
Operating cash flows for finance leases		94
Financing cash flows for finance leases		1,366

Schedule of Undiscounted Cash Flows

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years for the finance lease obligations and operating lease obligations recorded on the Condensed Consolidated Balance Sheet (in thousands):

	As of March 31, 2019
	Related Party		Other		Total Operating			Finance Leases
Remainder of 2019	$	774	$	11,595	$	12,369		$	3,947
2020		1,055		12,240		13,295			2,539
2021		910		8,042		8,952			1,596
2022		836		4,615		5,451			663
2023		415		3,047		3,462			284
Thereafter		823		6,007		6,830			16
Total minimum lease payments	$	4,813	$	45,546		50,359			9,045
Less: Amounts representing executory costs						—			(255	)
Less: Amounts representing interest						(5,436	)		(488	)
Present value of future minimum lease payments						44,923			8,302
Less: Current obligation under leases						(14,241	)		(4,328	)
Long-term lease obligations					$	30,682		$	3,974

Future Minimum Lease Payments Under Noncancellable Operating Leases

Future minimum lease payments under noncancellable operating leases (with initial or remaining lease terms in excess of one year) and future minimum capital lease payments as of December 31, 2018 were as follows (in thousands):

				Operating Leases
	Capital Leases			Related Party		Other		Total Operating
2019	$	5,207		$	1,159	$	14,418	$	15,577
2020		2,253			1,184		11,293		12,477
2021		1,339			1,058		7,014		8,072
2022		452			972		4,335		5,307
2023		93			51		2,613		2,664
Thereafter		—			—		4,695		4,695
		9,344		$	4,424	$	44,368	$	48,792
Less: Amounts representing executory costs		(255	)
Less: Amounts representing interest		(459	)
Total obligation under capital leases		8,630
Less: Current portion of capital leases		(4,806	)
Long term capital lease obligation	$	3,824