XML 42 R14.htm IDEA: XBRL DOCUMENT
v3.20.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2020
Leases [Abstract] |
Leases | Note 7 – Leases The Company determines if a contract is or contains a lease at inception. The Company has entered into leases for certain facilities, vehicles and other equipment. The Company’s leases consist mainly of operating leases which expire at various dates through 2036. Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain nonlease components, such as maintenance and other services provided by the lessor, and other charges included in the lease. The components of lease expense were as follows:
|  |  | Three Months Ended
(in thousands) |  | March 31, 2020 |  | March 31, 2019
Finance lease cost: |  |  |  |  |  |  |  |  |
| Amortization of right-to-use assets (included in depreciation expense) | $ | 178 |  |  | $ | 178
| Interest on lease liabilities |  |  |  |  | 118 |  |  |  | 146
Operating lease cost |  |  |  |  | 4,141 |  |  |  | 4,448
Short-term lease cost |  |  |  |  | 241 |  |  |  | 200
Variable lease cost |  |  |  |  | 510 |  |  |  | 366
| Total lease cost |  |  |  | $ | 5,188 |  |  | $ | 5,338
|  |  | Three Months Ended
|  |  | March 31, 2020 |  | March 31, 2019
Other information: |  |  |  |  |  |  |  |  |
| Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
| Operating cash flows used for finance lease |  |  |  | $ | 127 |  |  | $ | 157
| Operating cash flows used for operating leases |  |  |  | $ | 3,988 |  |  | $ | 3,835
| Financing cash flows used for finance lease |  |  |  | $ | 312 |  |  | $ | 273
| Right-to-use assets obtained in exchange for new operating lease liabilities |  | $ | 4,183 |  |  | $ | 660
The lease assets and liabilities were as follows (in thousands):
|  |  |  | March 31, | December 31,
|  |  |  |  |  | 2020 |  |  |  | 2019
Finance lease right-of-assets (included in other assets) |  |  |  | $ | 2,133 |  |  | $ | 2,311
Operating lease right-of-use assets |  |  |  | $ | 77,033 |  |  | $ | 76,859
Finance liability, current (included in current installments of long-term debt) |  |  |  | $ | 1,368 |  |  | $ | 1,325
Finance lease liability, noncurrent (included in long-term debt) |  |  |  | $ | 3,300 |  |  | $ | 3,654
Operating lease liabilities, current (included in accrued liabilities) |  |  |  | $ | 12,023 |  |  | $ | 11,043
Operating lease liabilities, noncurrent |  |  |  | $ | 67,009 |  |  | $ | 67,898
Weighted average remaining lease term – finance leases |  |  |  | 3.3 years |  |  | 3.5 years
Weighted average remaining lease term – operating leases |  |  |  | 9.9 years |  |  | 10.2 years
Weighted average discount rate – finance leases |  |  |  |  | 10.1% |  |  |  | 10.1%
Weighted average discount rate – operating leases |  |  |  |  | 4.7% |  |  |  | 4.7%
Future annual minimum lease payments and finance lease commitments as of March 31, 2020 were as follows (in thousands):
|  | Operating |  | Finance
Year ending December 31, |  | Leases |  |  | Leases
| 2020 (remaining nine months) | $ | 15,374 |  | $ | 1,342
| 2021 |  | 12,658 |  |  | 1,816
| 2022 |  | 10,655 |  |  | 1,853
| 2023 |  | 9,590 |  |  | 465
| 2024 |  | 8,556 |  |  | —
| 2025 and thereafter |  | 43,802 |  |  | —
| Total minimum lease payments | $ | 100,635 |  | $ | 5,476
| Less: imputed interest |  | (21,603) |  |  | (808)
| Present value of lease liabilities | $ | 79,032 |  | $ | 4,668
As of March 31, 2020, the Company’s future operating leases that have not yet commenced are immaterial.

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://fasb.org/us-gaap/role/ref/otherTransitionRef -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