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Leases (Tables)

9 Months Ended

Sep. 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 September 30, 2019
Assets
Non-Current
Operating		Operating lease right-of-use assets		$	42,553
Finance		Property and equipment, net			7,691
Total lease assets				$	50,244
Liabilities
Current
Operating		Current maturities of operating lease obligations		$	15,032
Financing		Current maturities of finance lease obligations			3,133
Non-Current
Operating		Operating lease obligations			27,129
Financing		Finance lease obligations			3,682
Total lease liabilities				$	48,976

Weighted-average remaining lease term
Operating leases			3.8 years
Finance leases			2.6 years
Weighted-average discount rate (1)
Operating leases			4.85	%
Finance leases			4.75	%

(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 September 30, 2019				Nine months ended September 30, 2019
Operating lease cost (1)		Administrative		$	5,225			$	15,266
Finance lease cost
Amortization of leased assets (2)		Cost of sales			1,144				3,955
Interest on finance lease obligations		Interest expense, net			84				268
Total lease costs				$	6,453			$	19,489

(1) Includes variable lease costs of $0.5 million and $1.5 million, respectively, and short-term lease costs of $0.2 million and $0.6 million, respectively.

(2) Includes variable lease costs of $0.2 million and $0.7 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 September 30, 2019				Nine months ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases		$	4,488			$	13,009
Operating cash flows for finance leases			84				268
Financing cash flows for finance leases			917				3,398

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 as of September 30, 2019 (in thousands):

		Finance Leases				Operating Leases
						Related Party				Other				Total Operating
Remainder of 2019		$	1,233			$	260			$	4,213			$	4,473
2020			2,854				1,055				14,490				15,545
2021			1,845				910				9,947				10,857
2022			911				836				5,708				6,544
2023			532				415				3,386				3,801
Thereafter			131				823				4,304				5,127
Total minimum lease payments			7,506			$	4,299			$	42,048				46,347
Less: Amounts representing executory costs			(195	)											—
Less: Amounts representing interest			(496	)											(4,186	)
Present value of future minimum lease payments			6,815												42,161
Less: Current obligation under leases			(3,133	)											(15,032	)
Long-term lease obligations		$	3,682											$	27,129

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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