XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.19.1

Lease Obligations (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Leases [Abstract] |
Summary of lease related assets and liabilities | The following is a summary of the lease-related assets and liabilities recorded as of March 31, 2019:
(in thousands) |  |  |  |  |
Assets |  | Classification on the Consolidated Balance Sheet |  |  |
Operating lease right-of-use assets |  | Operating lease right-of-use assets |  | $ | 16,266 |
Finance lease right-of-use assets |  | Property and equipment, net of accumulated depreciation |  |  | 2,327 |
Total right-of-use lease assets |  |  |  | $ | 18,593 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating lease obligations |  | Current portion of operating lease obligations |  | $ | 4,401 |
Finance lease obligations |  | Current portion of finance lease obligations |  |  | 1,127 |
Total current obligations |  |  |  |  | 5,528 |
Non-current |  |  |  |  |  |
Operating lease obligations |  | Operating lease obligations, net of current maturities |  |  | 11,600 |
Finance lease obligations |  | Finance lease obligations, net of current maturities |  |  | 1,275 |
Total non-current obligations |  |  |  |  | 12,875 |
Total lease obligations |  |  |  | $ | 18,403 |
Summary of lease terms and discount rates | The following is a summary of the lease terms and discount rates as of March 31, 2019:
Weighted-average remaining lease term - finance leases |  | 2.14 years |
Weighted-average remaining lease term - operating leases |  | 4.31 years |
Weighted-average discount rate - finance leases |  |  | 2.5 | %
Weighted-average discount rate - operating leases |  |  | 3.8 | %
Summary of lease costs | The following is a summary of certain information related to the lease costs for finance and operating leases for the three months ended March 31, 2019:
(in thousands) |  |  |
Lease cost: |  |  |
Finance lease cost: |  |  |  |
Amortization of right-of-use assets |  | $ | 273 |
Interest on lease liabilities |  |  | 20 |
Operating lease cost |  |  | 1,594 |
Short-term lease cost |  |  | 15 |
Variable lease costs |  |  | 65 |
Total lease cost |  | $ | 1,967 |
Summary of other and supplemental cash flow information related to leases | The following is a summary of other information and supplemental cash flow information related to finance and operating leases for three months ended March 31, 2019:
(in thousands) |  |  |
Other information: |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 1,679 |
Right-of-use asset obtained in exchange for new operating lease obligations |  | $ | 17,200 |
Schedule of future minimum operating lease payments | The future undiscounted minimum lease payments, as reconciled to the discounted minimum indicated on the Company’s consolidated balance sheets, under financial leases, less interest, and under operating leases, less interest, as of March 31, 2019 were as follows:
|  | Finance |  |  | Operating |  |  | Total |
(In thousands) |  | Lease Obligations |  |  | Lease Obligations |  |  | Lease Obligations |
Remainder of 2019 |  | $ | 889 |  |  | $ | 4,693 |  |  | $ | 5,582 |
2020 |  |  | 1,185 |  |  |  | 4,859 |  |  |  | 6,044 |
2021 |  |  | 410 |  |  |  | 3,752 |  |  |  | 4,162 |
2022 |  |  | — |  |  |  | 2,822 |  |  |  | 2,822 |
2023 |  |  | — |  |  |  | 1,533 |  |  |  | 1,533 |
Thereafter |  |  | — |  |  |  | 2,481 |  |  |  | 2,481 |
Total minimum lease payments |  |  | 2,484 |  |  |  | 20,140 |  |  |  | 22,624 |
Financing component |  |  | (82 | ) |  |  | (4,139 | ) |  |  | (4,221 | )
Net present value of minimum lease payments |  |  | 2,402 |  |  |  | 16,001 |  |  |  | 18,403 |
Less: Current portion of financing and operating lease obligations |  |  | (1,127 | ) |  |  | (4,401 | ) |  |  | (5,528 | )
Long-term financing and operating lease obligations |  | $ | 1,275 |  |  | $ | 11,600 |  |  | $ | 12,875 |
Schedule of future minimum finance lease payments | The future undiscounted minimum lease payments, as reconciled to the discounted minimum indicated on the Company’s consolidated balance sheets, under financial leases, less interest, and under operating leases, less interest, as of March 31, 2019 were as follows:
|  | Finance |  |  | Operating |  |  | Total |
(In thousands) |  | Lease Obligations |  |  | Lease Obligations |  |  | Lease Obligations |
Remainder of 2019 |  | $ | 889 |  |  | $ | 4,693 |  |  | $ | 5,582 |
2020 |  |  | 1,185 |  |  |  | 4,859 |  |  |  | 6,044 |
2021 |  |  | 410 |  |  |  | 3,752 |  |  |  | 4,162 |
2022 |  |  | — |  |  |  | 2,822 |  |  |  | 2,822 |
2023 |  |  | — |  |  |  | 1,533 |  |  |  | 1,533 |
Thereafter |  |  | — |  |  |  | 2,481 |  |  |  | 2,481 |
Total minimum lease payments |  |  | 2,484 |  |  |  | 20,140 |  |  |  | 22,624 |
Financing component |  |  | (82 | ) |  |  | (4,139 | ) |  |  | (4,221 | )
Net present value of minimum lease payments |  |  | 2,402 |  |  |  | 16,001 |  |  |  | 18,403 |
Less: Current portion of financing and operating lease obligations |  |  | (1,127 | ) |  |  | (4,401 | ) |  |  | (5,528 | )
Long-term financing and operating lease obligations |  | $ | 1,275 |  |  | $ | 11,600 |  |  | $ | 12,875 |

X
- Definition Tabular disclosure of lease supplemental cash flow and other disclosures. + References No definition available. + Details
Name: | myrg_ScheduleOfLeaseSupplementalCashFlowAndOtherDisclosuresTableTextBlock
Namespace Prefix: | myrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of summary of the lease terms and discount rates. + References No definition available. + Details
Name: | myrg_ScheduleOfSummaryOfTheLeaseTermsAndDiscountRatesTableTextBlock
Namespace Prefix: | myrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental balance sheet information related to leases. + References No definition available. + Details
Name: | myrg_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | myrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration