XML 43 R31.htm IDEA: XBRL DOCUMENT v3.19.2

LEASES (Tables)

6 Months Ended

Jun. 30, 2019

LEASES

Schedule of financial impact of leases

​

​	​	​	​	​
Balance Sheet	Classification	​	As of June 30, 2019
​	​	​	(in thousands)
Assets	​	​	​	​
ROU Assets(1)	Long-term right-of-use assets	​	$	75,302
Finance lease assets(2)	Property and equipment	​	​	422
Liabilities	​	​	​	​
Operating lease liabilities ― ST	Current operating lease liabilities	​	$	19,553
Operating lease liabilities ― LT(3)	Long-term operating lease liabilities	​	​	75,169
Finance lease liabilities ― ST	Current portion of finance lease obligations	​	​	421
Finance lease liabilities ― LT	Other long term liabilities	​	​	129

(1) Net of impairment of $17.9 million.

(2) Net of accumulated amortization of $1.7 million.

(3) The $16.8 million on the consolidated balance sheet as of December 31, 2018 represented long-term lease liabilities in connection with the exit-disposal rules prior to adopting the new lease standard.

​

​	​	​	​	​	​	​	​
Statements of Operations and Cash Flows	Classification	​	Three months ended June 30, 2019		​	Six months ended June 30, 2019
​	​	​	(in thousands)
Operating lease cost:	​	​	​	​	​	​	​
Operating lease cost ― fixed	Cost of revenue and Selling, general and administrative	​	$	7,091	​	$	15,150
Lease abandonment costs	Lease abandonment costs	​	​	183	​	​	1,256
​	​	​	​	​	​	​	​
Short-term agreements:	Cost of revenue	​	$	24,914	​	$	47,812
​	​	​	​	​	​	​	​
Finance lease cost:	​	​	​	​	​	​	​
Amortization of leased assets	Depreciation and amortization	​	$	523	​	$	737
Interest on lease liabilities	Interest expense, net	​	​	3	​	​	7
​	​	​	​	​	​	​	​
Lessor income:	​	​	​	​	​	​	​
Sublease income	Cost of sales and lease abandonment costs	​	$	390	​	$	762
Lessor income	Cost of sales	​	​	69	​	​	180
​	​	​	​	​	​	​	​
Statement of cash flows	​	​	​	​	​	​	​
Cash paid for operating leases	Operating cash flows	​	$	7,606	​	$	15,957
Cash paid for finance leases lease interest	Operating cash flows	​	​	3	​	​	7
Cash paid for finance leases	Financing cash flows	​	​	264	​	​	549

​

​

​	​	​	​
Long Term and Discount Rate	​	As of June 30, 2019
Weighted-average remaining lease term (years)	​	​	​
Operating leases	​	4.8	​
Finance leases	​	1.3	​
Weighted-average discount rate	​	​	​
Operating leases	​	5.3	%
Finance leases	​	5.2	%

Schedule of operating and finance lease commitments

The Company has the following operating and finance lease commitments as of June 30, 2019:

​

​	​	​	​	​	​	​	​	​	​
Period		Operating Leases(1)			Finance Leases			Total
​	​	(in thousands)
July 2019 through December 2019	​	$	14,874	​	$	371	​	$	15,245
2020	​		21,852	​		135	​		21,987
2021	​		15,113	​		89	​		15,202
2022	​		11,745	​		—	​		11,745
2023	​		9,985	​		—	​		9,985
Thereafter	​		47,911	​		—	​		47,911
Total minimum lease payments	​	$	121,480	​	$	595	​	$	122,075
​	​	​	​	​	​	​	​	​	​
Less reconciling items to reconcile undiscounted cash flows to lease liabilities:	​	​	​	​	​	​	​	​	​
Leases commencing in the future	​	​	(621)	​	​	—	​	​	(621)
Short-term leases excluded from balance sheet	​	​	(2,785)	​	​	—	​	​	(2,785)
Imputed interest	​	​	(23,352)	​	​	(45)	​	​	(23,397)
Total reconciling items	​	​	(26,758)	​	​	(45)	​	​	(26,803)
Total liabilities per balance sheet	​	​	94,722	​	​	550	​	​	95,272

(1) This table excludes sublease income of $0.7 million from July 2019 to December 2019, $0.9 million during 2020 and $0.2 million during 2021.

Schedule of operating and finance lease commitments

​

​	​	​	​	​	​	​	​	​	​
Period		Operating Leases(1)			Finance Leases			Total
​	​	(in thousands)
July 2019 through December 2019	​	$	14,874	​	$	371	​	$	15,245
2020	​		21,852	​		135	​		21,987
2021	​		15,113	​		89	​		15,202
2022	​		11,745	​		—	​		11,745
2023	​		9,985	​		—	​		9,985
Thereafter	​		47,911	​		—	​		47,911
Total minimum lease payments	​	$	121,480	​	$	595	​	$	122,075
​	​	​	​	​	​	​	​	​	​
Less reconciling items to reconcile undiscounted cash flows to lease liabilities:	​	​	​	​	​	​	​	​	​
Leases commencing in the future	​	​	(621)	​	​	—	​	​	(621)
Short-term leases excluded from balance sheet	​	​	(2,785)	​	​	—	​	​	(2,785)
Imputed interest	​	​	(23,352)	​	​	(45)	​	​	(23,397)
Total reconciling items	​	​	(26,758)	​	​	(45)	​	​	(26,803)
Total liabilities per balance sheet	​	​	94,722	​	​	550	​	​	95,272

(1) This table excludes sublease income of $0.7 million from July 2019 to December 2019, $0.9 million during 2020 and $0.2 million during 2021.

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration