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Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Components of lease expense, and lease assets and liabilities 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 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