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Leases
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Leases

NOTE 13. LEASES

We lease certain equipment, office space and land. Lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease.

The following table presents supplemental balance sheet information related to lease assets and liabilities:

 

(in thousands)

Classification

 

June 30, 2020

 

 

December 31, 2019

 

Assets

 

 

 

 

 

 

 

 

 

Operating lease assets

Other long-term assets

 

$

13,425

 

 

$

15,772

 

Finance lease assets1

Property, plant and equipment, net

 

 

4,448

 

 

 

2,360

 

Total lease assets

 

 

$

17,873

 

 

$

18,132

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

 

Operating lease liabilities

Accounts payable and accrued liabilities

 

$

4,783

 

 

$

4,998

 

Finance lease liabilities

Accounts payable and accrued liabilities

 

 

1,218

 

 

 

644

 

Noncurrent

 

 

 

 

 

 

 

 

 

Operating lease liabilities

Other long-term obligations

 

 

8,647

 

 

 

10,775

 

Finance lease liabilities

Other long-term obligations

 

 

3,201

 

 

 

1,703

 

Total lease liabilities

 

 

$

17,849

 

 

$

18,120

 

 

 

 

 

 

 

 

 

 

 

 

1     Finance lease assets are presented net of accumulated amortization of $0.7 million and $0.3 million as of June 30, 2020 and December 31, 2019, respectively.

The following table presents the components of lease expense:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease costs1

 

$

1,414

 

 

$

1,511

 

 

$

2,839

 

 

$

2,922

 

Finance lease costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

260

 

 

25

 

 

473

 

 

46

 

Interest on lease liabilities

 

32

 

 

5

 

 

59

 

 

10

 

Net lease costs

 

$

1,706

 

 

$

1,541

 

 

$

3,371

 

 

$

2,978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1     Excludes short-term leases and variable lease costs, which are immaterial

The following tables presents supplemental cash flow information related to leases:

 

 

 

 

Six Months Ended June 30,

 

(in thousands)

 

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

2,884

 

 

$

2,960

 

Operating cash flows for finance leases

 

$

59

 

 

$

10

 

Financing cash flows for finance leases

 

$

486

 

 

$

50

 

Leased assets exchanged for new lease liabilities:

 

 

 

 

 

 

 

 

Operating leases

 

$

248

 

 

$

5,789

 

Finance leases

 

$

2,558

 

 

$

675