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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

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 June 30, 2019
Assets
Non-Current
Operating		Operating lease right-of-use assets		$	46,383
Finance		Property and equipment, net			8,599
Total lease assets				$	54,982
Liabilities
Current
Operating		Current maturities of operating lease obligations		$	15,028
Financing		Current maturities of finance lease obligations			3,738
Non-Current
Operating		Operating lease obligations			30,964
Financing		Finance lease obligations			3,943
Total lease liabilities				$	53,673

Weighted-average remaining lease term
Operating leases			4.3 years
Finance leases			2.5 years
Weighted-average discount rate(1)
Operating leases			4.95%
Finance leases			4.70%

(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 June 30, 2019				Six months ended June 30, 2019
Operating lease cost(1)		Administrative		$	5,054			$	10,041
Finance lease cost
Amortization of leased assets(2)		Cost of sales			1,332				2,810
Interest on finance lease obligations		Interest expense, net			90				184
Total lease costs				$	6,476			$	13,035

(1) Includes variable lease costs of $0.5 million and $1.0 million, respectively, and short-term lease costs of $0.2million and $0.4 million, respectively.

(2) Includes variable lease costs of $0.2 million and $0.5 million, respectively.

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 June 30, 2019				Six months ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases		$	4,288			$	8,521
Operating cash flows for finance leases			90				184
Financing cash flows for finance leases			1,116				2,481

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 June 30, 2019
		Related Party				Other				Total Operating				Finance Leases
Remainder of 2019		$	578			$	8,276			$	8,854			$	2,562
2020			1,178				13,610				14,788				2,735
2021			1,033				9,287				10,320				1,765
2022			959				5,374				6,333				831
2023			456				3,537				3,993				452
Thereafter			823				6,186				7,009				79
Total minimum lease payments		$	5,027			$	46,270				51,297				8,424
Less: Amounts representing executory costs											—				(221	)
Less: Amounts representing interest											(5,305	)			(522	)
Present value of future minimum lease payments											45,992				7,681
Less: Current obligation under leases											(15,028	)			(3,738	)
Long-term lease obligations										$	30,964			$	3,943

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):

		Capital Leases				Operating 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

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

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Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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