XML 30 R23.htm IDEA: XBRL DOCUMENT
v3.19.3

Lease Obligations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Lease Obligations |
Summary of the lease-related assets and liabilities | The following is a summary of the lease-related assets and liabilities recorded as of September 30, 2019:
(in thousands) |  |  |  |
Assets |  | Classification on the Consolidated Balance Sheet |  |
Operating lease right-of-use assets |  | Operating lease right-of-use assets |  | $ | 22,968
Finance lease right-of-use assets |  | Property and equipment, net of accumulated depreciation |  |  | 1,781
Total right-of-use lease assets |  |  |  | $ | 24,749
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating lease obligations |  | Current portion of operating lease obligations |  | $ | 6,068
Finance lease obligations |  | Current portion of finance lease obligations |  |  | 1,144
Total current obligations |  |  |  |  | 7,212
Non-current |  |  |  |  |
Operating lease obligations |  | Operating lease obligations, net of current maturities |  |  | 17,084
Finance lease obligations |  | Finance lease obligations, net of current maturities |  |  | 633
Total non-current obligations |  |  |  |  | 17,717
Total lease obligations |  |  |  | $ | 24,929
Summary of the lease terms and discount rates | The following is a summary of the lease terms and discount rates as of September 30, 2019:
Weighted-average remaining lease term - finance leases |  | 1.6 years
Weighted-average remaining lease term - operating leases |  | 4.1 years
Weighted-average discount rate - finance leases |  | 2.5%
Weighted-average discount rate - operating leases |  | 3.8%
Schedule of lease costs | The following is a summary of certain information related to the lease costs for finance and operating leases for the three and nine months ended September 30, 2019:
|  | Three months ended |  | Nine months ended
(in thousands) |  | September 30, 2019 |  | September 30, 2019
Lease cost: |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 273 |  | $ | 820
Interest on lease liabilities |  |  | 16 |  |  | 53
Operating lease cost |  |  | 2,055 |  |  | 5,016
Short-term lease cost |  |  | — |  |  | 8
Variable lease costs |  |  | 67 |  |  | 198
Total lease cost |  | $ | 2,411 |  | $ | 6,095
Summary of supplemental cash flow information | The following is a summary of other information and supplemental cash flow information related to finance and operating leases for the nine months ended September 30, 2019:
(in thousands) |  |  |
Other information: |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases |  | $ | 5,064
Right-of-use asset obtained in exchange for new operating lease obligations |  | $ | 11,374
Schedule of future minimum operating lease payments | The future undiscounted minimum lease payments, as reconciled to the discounted minimum lease obligation indicated on the Company’s consolidated balance sheets, under financial leases, less interest, and under operating leases, less imputed interest, as of September 30, 2019 were as follows:
|  | Finance |  | Operating |  | Total
|  | Lease |  | Lease |  | Lease
(in thousands) |  | Obligations |  | Obligations |  | Obligations
Remainder of 2019 |  | $ | 296 |  | $ | 2,202 |  | $ | 2,498
2020 |  |  | 1,185 |  |  | 7,407 |  |  | 8,592
2021 |  |  | 345 |  |  | 6,407 |  |  | 6,752
2022 |  |  | — |  |  | 5,051 |  |  | 5,051
2023 |  |  | — |  |  | 3,296 |  |  | 3,296
Thereafter |  |  | — |  |  | 3,138 |  |  | 3,138
Total minimum lease payments |  |  | 1,826 |  |  | 27,501 |  |  | 29,327
Financing component |  |  | (49) |  |  | (4,349) |  |  | (4,398)
Net present value of minimum lease payments |  |  | 1,777 |  |  | 23,152 |  |  | 24,929
Less: current portion of finance and operating lease obligations |  |  | (1,144) |  |  | (6,068) |  |  | (7,212)
Long-term finance and operating lease obligations |  | $ | 633 |  | $ | 17,084 |  | $ | 17,717
Schedule of future minimum finance lease payments | The future undiscounted minimum lease payments, as reconciled to the discounted minimum lease obligation indicated on the Company’s consolidated balance sheets, under financial leases, less interest, and under operating leases, less imputed interest, as of September 30, 2019 were as follows:
|  | Finance |  | Operating |  | Total
|  | Lease |  | Lease |  | Lease
(in thousands) |  | Obligations |  | Obligations |  | Obligations
Remainder of 2019 |  | $ | 296 |  | $ | 2,202 |  | $ | 2,498
2020 |  |  | 1,185 |  |  | 7,407 |  |  | 8,592
2021 |  |  | 345 |  |  | 6,407 |  |  | 6,752
2022 |  |  | — |  |  | 5,051 |  |  | 5,051
2023 |  |  | — |  |  | 3,296 |  |  | 3,296
Thereafter |  |  | — |  |  | 3,138 |  |  | 3,138
Total minimum lease payments |  |  | 1,826 |  |  | 27,501 |  |  | 29,327
Financing component |  |  | (49) |  |  | (4,349) |  |  | (4,398)
Net present value of minimum lease payments |  |  | 1,777 |  |  | 23,152 |  |  | 24,929
Less: current portion of finance and operating lease obligations |  |  | (1,144) |  |  | (6,068) |  |  | (7,212)
Long-term finance and operating lease obligations |  | $ | 633 |  | $ | 17,084 |  | $ | 17,717

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