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v3.20.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2020
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 March 31, 2020 |  |  | As of December 31, 2019 |
Assets |  |  |  |  |  |  |  |  |  |
Non-Current |  |  |  |  |  |  |  |  |  |
Operating |  | Operating lease right-of-use assets |  | $ | 47,134 |  |  | $ | 45,691 |
Finance |  | Property and equipment, net |  |  | 6,602 |  |  |  | 7,148 |
Total lease assets |  |  |  | $ | 53,736 |  |  | $ | 52,839 |
Liabilities |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |
Operating |  | Current maturities of operating lease obligations |  | $ | 15,889 |  |  | $ | 15,459 |
Financing |  | Current maturities of finance lease obligations |  |  | 2,438 |  |  |  | 2,747 |
Non-Current |  |  |  |  |  |  |  |  |  |
Operating |  | Operating lease obligations |  |  | 30,741 |  |  |  | 29,785 |
Financing |  | Finance lease obligations |  |  | 3,412 |  |  |  | 3,597 |
Total lease liabilities |  |  |  | $ | 52,480 |  |  | $ | 51,588 |
Weighted-average remaining lease term: |  |  |  |  |  |  |  |
Operating leases |  |  | 4.5 years |  |  |  |  |
Finance leases |  |  | 2.7 years |  |  |  |  |
Weighted-average discount rate |  |  |  |  |  |  |  |
Operating leases |  |  | 4.50 | % |  |  |  |
Finance leases |  |  | 4.95 | % |  |  |  |
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:
|  |  |  |  | Three months ended March 31, |
(in thousands) |  | Classification |  |  | 2020 |  |  | 2019 |
Operating lease cost (1) |  |  | Administrative |  |  | $ | 5,572 |  |  | $ | 4,987 |
Finance lease cost |  |  |  |  |  |  |  |  |  |  |  |
Amortization of leased assets (2) |  |  | Cost of sales |  |  |  | 965 |  |  |  | 1,478 |
Interest on finance lease obligations |  |  | Interest expense, net |  |  |  | 73 |  |  |  | 94 |
Total lease costs |  |  |  |  |  | $ | 6,610 |  |  | $ | 6,559 |
(1) | Includes variable lease costs of $0.6 million and $0.5 million, respectively, and short-term lease costs of $0.2 million for each of the three months ended March 31, 2020 and 2019 .
(2) | Includes variable lease costs of $0.2 million and $0.3 million, respectively
Schedule of Supplemental Cash flow information Related to Leases | The table below presents supplemental cash flow information related to leases (in thousands):
|  | Three months ended March 31, |
|  | 2020 |  |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 4,746 |  |  | $ | 4,233 |
Operating cash flows for finance leases |  |  | 73 |  |  |  | 94 |
Financing cash flows for finance leases |  |  | 738 |  |  |  | 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 as of March 31, 2020 (in thousands):
|  | Finance Leases |  |  | Operating Leases |
|  |  |  |  | Related Party |  |  | Other |  |  | Total Operating |
Remainder of 2020 |  | $ | 2,229 |  |  | $ | 819 |  |  | $ | 12,733 |  |  | $ | 13,552 |
2021 |  |  | 2,048 |  |  |  | 946 |  |  |  | 13,089 |  |  |  | 14,035 |
2022 |  |  | 1,113 |  |  |  | 869 |  |  |  | 7,968 |  |  |  | 8,837 |
2023 |  |  | 748 |  |  |  | 415 |  |  |  | 4,561 |  |  |  | 4,976 |
2024 |  |  | 334 |  |  |  | 425 |  |  |  | 2,815 |  |  |  | 3,240 |
Thereafter |  |  | 11 |  |  |  | 398 |  |  |  | 6,617 |  |  |  | 7,015 |
Total minimum lease payments |  |  | 6,483 |  |  | $ | 3,872 |  |  | $ | 47,783 |  |  |  | 51,655 |
Less: Amounts representing executory costs |  |  | (144 | ) |  |  |  |  |  |  |  |  |  |  | — |
Less: Amounts representing interest |  |  | (489 | ) |  |  |  |  |  |  |  |  |  |  | (5,025 | )
Present value of future minimum lease payments |  |  | 5,850 |  |  |  |  |  |  |  |  |  |  |  | 46,630 |
Less: Current obligation under leases |  |  | (2,438 | ) |  |  |  |  |  |  |  |  |  |  | (15,889 | )
Long-term lease obligations |  | $ | 3,412 |  |  |  |  |  |  |  |  |  |  | $ | 30,741 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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