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Leases (Tables)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Lease expense included in the unaudited condensed consolidated statements of operations

The following is a summary of our lease expense included in the unaudited condensed consolidated statements of operations (in thousands):

 

 

 

For the Three

 

 

For the Three

 

 

 

Months Ended

 

 

Months Ended

 

 

 

September 30, 2020

 

 

September 30, 2019

 

Operating lease cost

 

$

2,864

 

 

$

2,837

 

Financing lease cost:

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

38

 

 

 

171

 

Interest on lease liabilities

 

 

31

 

 

 

8

 

Total lease cost

 

$

2,933

 

 

$

3,016

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine

 

 

 

For the Nine

 

 

 

 

Months Ended

 

 

 

Months Ended

 

 

 

 

September 30, 2020

 

 

 

September 30, 2019

 

Operating lease cost

 

$

8,657

 

 

$

8,800

 

Financing lease cost:

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

219

 

 

 

548

 

Interest on lease liabilities

 

 

80

 

 

 

35

 

Total lease cost

 

$

8,956

 

 

$

9,383

 

 
Schedule includes other information about leases

Other information regarding our leases is as follows (in thousands, except lease terms and discount rates):

 

 

 

For the Nine

 

 

For the Nine

 

 

 

Months Ended

 

 

Months Ended

 

 

 

September 30, 2020

 

 

September 30, 2019

 

Supplemental cash flow information

 

 

 

 

 

 

 

 

Cash paid for amounts included in measurement

   of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

9,331

 

 

$

9,847

 

Operating cash flows used in financing leases

 

$

80

 

 

$

35

 

Financing cash flows used in financing leases

 

$

513

 

 

$

532

 

Non-cash items:

 

 

 

 

 

 

 

 

Operating leases obtained

 

$

2,660

 

 

$

2,795

 

Financing leases obtained

 

$

428

 

 

$

-

 

Weighted average remaining lease term

 

 

 

 

 

 

 

 

Operating leases

 

7 years

 

 

8 years

 

Financing leases

 

2 years

 

 

1 year

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

10.4

%

 

 

10.3

%

Financing leases

 

 

11.1

%

 

 

8.1

%
Annual future minimum lease payments

Annual future minimum lease payments as of September 30, 2020 (in thousands):

 

 

 

Operating

 

 

Financing

 

Years ending December 31,

 

Leases

 

 

Leases

 

2020 (period from October 1 to December 31)

 

$

2,280

 

 

$

126

 

2021

 

 

12,566

 

 

 

503

 

2022

 

 

11,278

 

 

 

442

 

2023

 

 

7,276

 

 

 

80

 

2024

 

 

5,521

 

 

 

-

 

Thereafter

 

 

28,956

 

 

 

-

 

Total future minimum lease payments

 

 

67,877

 

 

 

1,151

 

Less: Amount representing interest

 

 

(22,457

)

 

 

(177

)

Present value of net minimum lease payments

 

$

45,420

 

 

$

974

 

 

 

 

 

 

 

 

 

 

Reported as of September 30, 2020

 

 

 

 

 

 

 

 

Accrued liabilities

 

$

7,197

 

 

$

339

 

Non-current operating lease liabilities

 

 

38,223

 

 

 

-

 

Other non-current liabilities

 

 

-

 

 

 

635

 

Total lease liabilities

 

$

45,420

 

 

$

974