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v3.19.3.a.u2

Leases | 12 Months Ended
--- | ---
Dec. 31, 2019
Leases [Abstract] |
Leases | Leases The Company's operating lease right-of-use assets and operating lease liabilities represent leases for office and warehouse space, machinery and equipment, and vehicles, among other items. The Company's finance lease right-of-use assets and finance lease liabilities represent leases for vehicles. Lease costs recognized on the consolidated statements of operations were as follows:
(in thousands) |  |  |  | Year ended
Lease costs |  | Location in Statement of Operations |  | December 31, 2019
Operating |  | Cost of goods sold |  | $ | 2,361 |
|  | Selling, general and administrative |  | 11,775 |
|  | Research and development |  | 773 |
Finance |  |  |  |  |
Amortization of lease assets |  | Selling, general and administrative |  | 8 |
Interest on lease liabilities |  | Interest expense, net |  | 2 |
Total lease cost |  |  |  | $ | 14,919 |
Total rental expense for all operating leases amounted to $15.7 million and $16.3 million for the years ended December 31, 2018 and 2017, respectively. Supplemental balance sheet information related to the Company's leases is as follows:
(in thousands) |  | Balance Sheet Location |  | December 31, 2019
Right-of-use assets |  |  |  |
Operating |  | Other noncurrent assets |  | $ | 44,407 |
Finance |  | Property, plant and equipment, net |  | 281 |
|  | Total lease assets |  | $ | 44,688 |
Lease liabilities |  |  |  |
Operating |  | Accrued expenses and other liabilities |  | $ | 11,336 |
Finance |  | Accrued expenses and other liabilities |  | 8 |
Operating |  | Other noncurrent liabilities |  | 34,137 |
Finance |  | Long-term debt |  | 273 |
|  | Total lease liabilities |  | $ | 45,754 |
The weighted average remaining lease term and the weighted average discount rate for leases is as follows:
|  | December 31, 2019
Weighted average remaining lease term (years): |  |
Operating |  | 5.8 |
Finance |  | 5.9 |
Weighted average discount rate: |  |
Operating |  | 3.42 | %
Finance |  | 4.18 | %
The following table reconciles the undiscounted cash flows for leases as of December 31, 2019 to lease liabilities recorded on the consolidated balance sheet:
|  | Operating |  | Finance |  |
(in thousands) |  | Leases |  | Leases |  | Total
2020 |  | $ | 14,173 |  |  | $ | 59 |  |  | $ | 14,232 |
2021 |  | 10,321 |  |  | 57 |  |  | 10,378 |
2022 |  | 6,740 |  |  | 55 |  |  | 6,795 |
2023 |  | 3,889 |  |  | 53 |  |  | 3,942 |
2024 |  | 3,264 |  |  | 51 |  |  | 3,315 |
Thereafter |  | 12,379 |  |  | 41 |  |  | 12,420 |
Total future lease payments |  | 50,766 |  |  | 316 |  |  | 51,082 |
Less: Interest |  | (5,293 | ) |  | (35 | ) |  | (5,328 | )
Present value of lease liabilities |  | $ | 45,473 |  |  | $ | 281 |  |  | $ | 45,754 |
Accrued expenses and other liabilities |  | $ | 11,336 |  |  | $ | 8 |  |  | $ | 11,344 |
Other noncurrent liabilities |  | 34,137 |  |  | — |  |  | 34,137 |
Long-term debt |  | — |  |  | 273 |  |  | 273 |
Total lease liabilities |  | $ | 45,473 |  |  | $ | 281 |  |  | $ | 45,754 |
Future minimum rental payments under noncancelable operating leases as of December 31, 2018 were as follows:
(in thousands) |  |
Year ending December 31, |  |
2019 |  | $ | 13,119 |
2020 |  | 11,053 |
2021 |  | 7,984 |
2022 |  | 5,345 |
2023 |  | 3,133 |
Thereafter |  | 13,852 |
Total minimum rental payments |  | $ | 54,486 |
Supplemental cash flow information and non-cash activity related to the Company's leases are as follows:
|  | Year ended
(in thousands) |  | December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows for operating leases |  | $ | 14,804 |
Operating cash flows for finance leases |  | 2 |
Financing cash flows for finance leases |  | 8 |
Non-cash right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases |  | $ | 9,530 |
Finance leases |  | 289 |
Leases | Leases The Company's operating lease right-of-use assets and operating lease liabilities represent leases for office and warehouse space, machinery and equipment, and vehicles, among other items. The Company's finance lease right-of-use assets and finance lease liabilities represent leases for vehicles. Lease costs recognized on the consolidated statements of operations were as follows:
(in thousands) |  |  |  | Year ended
Lease costs |  | Location in Statement of Operations |  | December 31, 2019
Operating |  | Cost of goods sold |  | $ | 2,361 |
|  | Selling, general and administrative |  | 11,775 |
|  | Research and development |  | 773 |
Finance |  |  |  |  |
Amortization of lease assets |  | Selling, general and administrative |  | 8 |
Interest on lease liabilities |  | Interest expense, net |  | 2 |
Total lease cost |  |  |  | $ | 14,919 |
Total rental expense for all operating leases amounted to $15.7 million and $16.3 million for the years ended December 31, 2018 and 2017, respectively. Supplemental balance sheet information related to the Company's leases is as follows:
(in thousands) |  | Balance Sheet Location |  | December 31, 2019
Right-of-use assets |  |  |  |
Operating |  | Other noncurrent assets |  | $ | 44,407 |
Finance |  | Property, plant and equipment, net |  | 281 |
|  | Total lease assets |  | $ | 44,688 |
Lease liabilities |  |  |  |
Operating |  | Accrued expenses and other liabilities |  | $ | 11,336 |
Finance |  | Accrued expenses and other liabilities |  | 8 |
Operating |  | Other noncurrent liabilities |  | 34,137 |
Finance |  | Long-term debt |  | 273 |
|  | Total lease liabilities |  | $ | 45,754 |
The weighted average remaining lease term and the weighted average discount rate for leases is as follows:
|  | December 31, 2019
Weighted average remaining lease term (years): |  |
Operating |  | 5.8 |
Finance |  | 5.9 |
Weighted average discount rate: |  |
Operating |  | 3.42 | %
Finance |  | 4.18 | %
The following table reconciles the undiscounted cash flows for leases as of December 31, 2019 to lease liabilities recorded on the consolidated balance sheet:
|  | Operating |  | Finance |  |
(in thousands) |  | Leases |  | Leases |  | Total
2020 |  | $ | 14,173 |  |  | $ | 59 |  |  | $ | 14,232 |
2021 |  | 10,321 |  |  | 57 |  |  | 10,378 |
2022 |  | 6,740 |  |  | 55 |  |  | 6,795 |
2023 |  | 3,889 |  |  | 53 |  |  | 3,942 |
2024 |  | 3,264 |  |  | 51 |  |  | 3,315 |
Thereafter |  | 12,379 |  |  | 41 |  |  | 12,420 |
Total future lease payments |  | 50,766 |  |  | 316 |  |  | 51,082 |
Less: Interest |  | (5,293 | ) |  | (35 | ) |  | (5,328 | )
Present value of lease liabilities |  | $ | 45,473 |  |  | $ | 281 |  |  | $ | 45,754 |
Accrued expenses and other liabilities |  | $ | 11,336 |  |  | $ | 8 |  |  | $ | 11,344 |
Other noncurrent liabilities |  | 34,137 |  |  | — |  |  | 34,137 |
Long-term debt |  | — |  |  | 273 |  |  | 273 |
Total lease liabilities |  | $ | 45,473 |  |  | $ | 281 |  |  | $ | 45,754 |
Future minimum rental payments under noncancelable operating leases as of December 31, 2018 were as follows:
(in thousands) |  |
Year ending December 31, |  |
2019 |  | $ | 13,119 |
2020 |  | 11,053 |
2021 |  | 7,984 |
2022 |  | 5,345 |
2023 |  | 3,133 |
Thereafter |  | 13,852 |
Total minimum rental payments |  | $ | 54,486 |
Supplemental cash flow information and non-cash activity related to the Company's leases are as follows:
|  | Year ended
(in thousands) |  | December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows for operating leases |  | $ | 14,804 |
Operating cash flows for finance leases |  | 2 |
Financing cash flows for finance leases |  | 8 |
Non-cash right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases |  | $ | 9,530 |
Finance leases |  | 289 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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