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v3.19.3.a.u2

Leases (Tables) | 12 Months Ended
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Dec. 31, 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 December 31, 2019 |
Assets |  |  |  |  |  |
Non-Current |  |  |  |  |  |
Operating |  | Operating lease right-of-use assets |  | $ | 45,691 |
Finance |  | Property and equipment, net |  |  | 7,148 |
Total lease assets |  |  |  | $ | 52,839 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Current maturities of operating lease obligations |  | $ | 15,459 |
Financing |  | Current maturities of finance lease obligations |  |  | 2,747 |
Non-Current |  |  |  |  |  |
Operating |  | Operating lease obligations |  |  | 29,785 |
Financing |  | Finance lease obligations |  |  | 3,597 |
Total lease liabilities |  |  |  | $ | 51,588 |
Weighted-average remaining lease term |  |  |  |
Operating leases |  |  | 4.6 years |
Finance leases |  |  | 2.7 years |
Weighted-average discount rate (1) |  |  |  |
Operating leases |  |  | 4.67 % |
Finance leases |  |  | 4.85 % |
(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 |  | As of December 31, 2019 |
Operating lease cost (1) |  | Administrative |  | $ | 21,024 |
Finance lease cost |  |  |  |  |  |
Amortization of leased assets (2) |  | Cost of sales |  |  | 4,942 |
Interest on finance lease obligations |  | Interest expense, net |  |  | 341 |
Total lease costs |  |  |  | $ | 26,307 |
(1) | Includes variable lease costs of $ 2.5 million and short-term lease costs of $ 0.9 million.
(2) | Includes variable lease costs of $ 0.9 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):
|  | As of December 31, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows for operating leases |  | $ | 17,521 |
Operating cash flows for finance leases |  |  | 341 |
Financing cash flows for finance leases |  |  | 4,157 |
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 December 31, 2019 (in thousands):
|  | Finance Leases |  |  | Operating Leases |
|  |  |  |  | Related Party |  |  | Other |  |  | Total Operating |
2020 |  | $ | 3,081 |  |  | $ | 1,091 |  |  | $ | 15,956 |  |  | $ | 17,047 |
2021 |  |  | 1,973 |  |  |  | 946 |  |  |  | 11,301 |  |  |  | 12,247 |
2022 |  |  | 1,037 |  |  |  | 869 |  |  |  | 6,569 |  |  |  | 7,438 |
2023 |  |  | 673 |  |  |  | 415 |  |  |  | 3,792 |  |  |  | 4,207 |
2024 |  |  | 259 |  |  |  | 425 |  |  |  | 2,218 |  |  |  | 2,643 |
Thereafter |  |  | — |  |  |  | 398 |  |  |  | 6,427 |  |  |  | 6,825 |
Total minimum lease payments |  |  | 7,023 |  |  | $ | 4,144 |  |  | $ | 46,263 |  |  |  | 50,407 |
Less: Amounts representing executory costs |  |  | (167 | ) |  |  |  |  |  |  |  |  |  |  | — |
Less: Amounts representing interest |  |  | (512 | ) |  |  |  |  |  |  |  |  |  |  | (5,163 | )
Present value of future minimum lease payments |  |  | 6,344 |  |  |  |  |  |  |  |  |  |  |  | 45,244 |
Less: Current obligation under leases |  |  | (2,747 | ) |  |  |  |  |  |  |  |  |  |  | (15,459 | )
Long-term lease obligations |  | $ | 3,597 |  |  |  |  |  |  |  |  |  |  | $ | 29,785 |
Future Minimum Lease Payments Under Noncancellable Operating Leases | Future minimum lease payments under noncancelable 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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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12069-110248 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84164451&loc=d3e36991-112694 + Details
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