XML 127 R50.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Costs
The Company’s components of lease costs were as follows:
Year Ended December 31, 2019
 (In thousands)
Operating lease costs$26,341  
Variable lease costs(1)
9,189  
Short-term lease costs4,657  
Finance lease costs:
Amortization of ROU assets2,543  
Interest on lease liabilities260  
Total lease costs$42,990  
___________________
(1)Based on payments made by the Company to lessors for the right to use an underlying asset that vary because of changes in circumstances occurring after the commencement date, other than the passage of time, such as property taxes, operating and maintenance costs, which do not depend on an index or rate.
Maturities of Company's Finance Leases
As of December 31, 2019, maturities of the Company’s lease liabilities were as follows:
Operating LeasesFinance Leases
 (In thousands)
2020$7,001  $2,585  
20212,704  2,038  
20223,073  1,367  
20232,365  274  
20242,362  45  
Thereafter10,440  639  
Total future lease payments27,945  6,948  
Less: Imputed interest3,848  578  
Present value of future lease payments$24,097  $6,370  
Maturities of Company's Operating Leases
As of December 31, 2019, maturities of the Company’s lease liabilities were as follows:
Operating LeasesFinance Leases
 (In thousands)
2020$7,001  $2,585  
20212,704  2,038  
20223,073  1,367  
20232,365  274  
20242,362  45  
Thereafter10,440  639  
Total future lease payments27,945  6,948  
Less: Imputed interest3,848  578  
Present value of future lease payments$24,097  $6,370  
Schedule of Future Minimum Rental Payments for Operating Leases
As of December 31, 2018, future minimum annual rental commitments under non-cancelable leases under ASC 840 were as follows:
 (In thousands)
2019$8,723  
20207,009  
20216,005  
20225,130  
20234,361  
Thereafter13,134  
Total future minimum lease payments$44,362  
Supplemental Balance Sheet Information Related to Company's Leases
Supplemental balance sheet information related to the Company’s leases were as follows:
Balance Sheet LocationDecember 31, 2019
 (In thousands)
Assets
Operating lease assetsOperating right-of-use assets$18,497  
Finance lease assets(1)
Other assets6,303  
Total lease assets$24,800  
Liabilities
Current
Operating lease liabilitiesCurrent operating lease liabilities$6,182  
Finance lease liabilitiesOther current liabilities2,413  
Long-term
Operating lease liabilitiesOperating lease liabilities17,915  
Finance lease liabilitiesOther liabilities3,958  
Total lease liabilities$30,468  
___________________
(1)Finance lease ROU assets are recorded net of accumulated amortization of $2.3 million as of December 31, 2019.
Supplemental Cash Flow Information and Non-cash Transactions
Supplemental cash flow information and non-cash transactions related to the Company’s leases were as follows:
December 31, 2019
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$30,316  
Operating cash flows from finance leases260  
Financing cash flows from finance leases2,382  
ROU assets obtained in exchange for lease obligations
Operating leases$12,746  
Finance leases3,433  
Weighted-average Lease Terms and Discount Rates for the Company's Leases
Weighted-average remaining lease terms and discount rates for the Company’s leases were as follows:
As of December 31, 2019
Operating Leases
Weighted average remaining lease term7.1 years
Weighted average discount rate4.1 %
Finance Leases
Weighted average remaining lease term4.1 years
Weighted average discount rate3.9 %