XML 36 R18.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Lease Obligations | 12 Months Ended
--- | ---
Dec. 31, 2017
Leases [Abstract] |
Leases of Lessee Disclosure [Text Block] | ## 12. Lease Obligations From time to time, the Company enters into leasing arrangements for real estate, vehicles and construction equipment. In 2017, the Company entered into master leasing arrangements for vehicles and construction equipment. Some of the leases entered into under these agreements met the requirements for capitalizations and were recorded as capital leases, while others were treated as operating leases. As of December 31, 2017, the Company had no outstanding commitments to enter into future leases under its master lease agreements. ### Capital Leases The Company leases vehicles and certain equipment under capital leases. The economic substance of the leases is a financing transaction for acquisition of the vehicles and equipment and, accordingly, the leases are included in the balance sheets in property and equipment, net of accumulated depreciation, with a corresponding amount recorded in current portion of capital lease obligations or capital lease obligations, net of current maturities, as appropriate. The capital lease assets are amortized on a straight-line basis over the life of the lease or, if shorter, the life of the leased asset, and included in depreciation expense in the statements of operations. The interest associated with capital leases is included in interest expense in the statements of operations. As of December 31, 2017, the Company had approximately $3.7 million of capital lease obligations outstanding, $1.1 million of which was classified as a current liability. As of December 31, 2017 and 2016, $3.7 million and $5.0 million, respectively, of leased assets were capitalized in construction equipment, net of accumulated depreciation. Additional information related to property and equipment is provided in Note 6 — Property and Equipment to the Financial Statements. ### Operating Leases The Company leases real estate, construction equipment and office equipment under operating leases with remaining terms ranging from one to six years. Rent expense includes lease payments as well as rent on items that are rented under cancellable rental agreements. Total rent expense for the years ended December 31, 2017, 2016 and 2015, was $44.6 million, $44.9 million and $57.2 million, respectively. The future minimum lease payments required under capital leases, together with their present value of capital leases, and operating leases as of December 31, 2017 were as follows:
(In thousands) |  | Capital Lease Obligations |  | Operating Lease Obligations
2018 |  | $ | 1,185 |  |  | $ | 3,599 |
2019 |  |  | 1,185 |  |  |  | 2,885 |
2020 |  |  | 1,185 |  |  |  | 2,187 |
2021 |  |  | 360 |  |  |  | 1,582 |
2022 |  |  | — |  |  |  | 1,014 |
Thereafter |  |  | — |  |  |  | 564 |
Total minimum lease payments |  | $ | 3,915 |  |  | $ | 11,831 |
Interest |  |  | (200 | ) |  |  |  |
Net present of minimum lease payments |  |  | 3,715 |  |  |  |  |
Less: Current portion of capital lease obligations |  |  | 1,086 |  |  |  |  |
Long-term capital lease obligations |  | $ | 2,629 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration