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Leases (Tables)

12 Months Ended

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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