Energy Assets (Tables)

3 Months Ended

Mar. 31, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Energy assets consist of the following:


	March 31,		December 31,
	2020		2019
Energy assets	$	793,215	$	767,331
Less - accumulated depreciation and amortization	(196,723)		(187,870)
Energy assets, net	$	596,492	$	579,461

Schedule of Financing Lease Assets

Included in energy assets are financing lease assets and accumulated depreciation of financing lease assets. Financing lease assets consist of the following:


	March 31,		December 31,
	2020		2019
Financing lease assets	$	42,402	$	42,402
Less - accumulated depreciation and amortization	(6,800)		(6,268)
Financing lease assets, net	$	35,602	$	36,134

These adjustments are detailed as follows:


	As of January 1, 2019
	As Reported		842 Adjustment		Adjusted Balances
Operating Leases:
Operating lease assets	$	—	$	31,639	$	31,639
Current portions of operating lease liabilities	—		5,084		5,084
Long-term portions of operating lease liabilities	—		28,480		28,480
Total operating lease liabilities	$	—	$	33,564	$	33,564
Weighted-average remaining lease term					10 years
Weighted-average discount rate					6.0		%

Financing Leases:
Energy assets, net	$	38,263	$	—	$	38,263
Current portions of financing lease liabilities	4,956		—		4,956
Long-term financing lease liabilities, net of current portions and of deferred financing fees	28,407		—		28,407
Total financing lease liabilities	$	33,363	$	—	$	33,363
Weighted-average remaining lease term					18 years
Weighted-average discount rate					11.7		%

Supplemental balance sheet information related to leases at March 31, 2020 and December 31, 2019 is as follows:


	March 31, 2020			December 31, 2019
Operating Leases:
Operating lease assets	$	32,444		$	32,791
Current operating lease liabilities	5,360			5,802
Long-term portions of operating lease liabilities	29,104			29,101
Total operating lease liabilities	$	34,464		$	34,903
Weighted-average remaining lease term	11 years			11 years
Weighted-average discount rate	6.4		%	6.3		%

Financing Leases:
Energy assets, net	$	35,602		$	36,134
Current portions of financing lease liabilities	4,906			4,997
Long-term financing lease liabilities, less current portions and net of deferred financing fees	23,472			23,500
Total financing lease liabilities	$	28,378		$	28,497
Weighted-average remaining lease term	17 years			17 years
Weighted-average discount rate	11.8		%	11.8		%