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LEASES (Tables)

12 Months Ended

Dec. 31, 2020

LEASES

Schedule of financial impact of leases

​

​	​	​	​	​	​	​	​	​
Balance Sheet		Classification		December 31, 2020			December 31, 2019
​	​	​	​	(in thousands)
Assets	​	​	​	​	​	​	​	​
Right-of-use assets(1)	​	Long-term right-of-use assets	​	$	52,331	​	$	70,635
Finance lease assets	​	Property and equipment	​	​	302	​	​	213
Liabilities	​	​	​	​	​	​	​	​
Operating lease liabilities ― ST	​	Current operating lease liabilities	​	$	14,019	​	$	19,315
Operating lease liabilities ― LT	​	Long-term operating lease liabilities	​	​	60,984	​	​	72,143
Finance lease liabilities ― ST	​	Current portion of finance lease obligations	​	​	307	​	​	128
Finance lease liabilities ― LT	​	Other long term liabilities	​	​	94	​	​	87

(1)Right-of-use asset impairment of $3.6 million and $0.6 million for the years ended December 31, 2020 and 2019, respectively, is recorded within lease abandonment costs in the accompanying consolidated statements of operations.

​	​	​	​	​	​	​	​	​
​	​	​	​	Year ended December 31,
Statements of Operations and Cash Flows		Classification		2020			2019
​	​	​	​	(in thousands)
Operating lease cost:	​	​	​	​	​	​	​	​
Operating lease cost ― fixed	​	Cost of revenue and Selling, general and administrative	​	$	19,968	​	$	27,856
Lease abandonment costs	​	Lease abandonment costs	​	​	4,350	​	​	2,073
​	​	​	​	​	​	​	​	​
Short-term agreements:	​	Cost of revenue	​	$	44,062	​	$	93,949
​	​	​	​	​	​	​	​	​
Finance lease cost:	​	​	​	​	​	​	​	​
Amortization of leased assets	​	Depreciation and amortization	​	$	314	​	$	916
Interest on lease liabilities	​	Interest expense, net	​	​	14	​	​	32
​	​	​	​	​	​	​	​	​
Lessor income:	​	​	​	​	​	​	​	​
Sublease income	​	Cost of sales and lease abandonment costs	​	$	1,463	​	$	1,544
Lessor income	​	Cost of sales	​	​	350	​	​	478
​	​	​	​	​	​	​	​	​
Statement of cash flows	​	​	​	​	​	​	​	​
Cash paid for operating leases	​	Operating cash flows	​	$	22,385	​	$	30,670
Cash paid for finance leases lease interest	​	Operating cash flows	​	​	14	​	​	32
Cash paid for finance leases	​	Financing cash flows	​	​	264	​	​	883

​

​

​	​	​	​	​	​	​
Long Term and Discount Rate		As of December 31, 2020			As of December 31, 2019
Weighted-average remaining lease term (years)	​	​	​	​	​	​
Operating leases	​	6.7	​	​	7.9	​
Finance leases	​	1.3	​	​	1.6	​
Weighted-average discount rate	​	​	​	​	​	​
Operating leases	​	4.7	%	​	5.3	%
Finance leases	​	3.6	%	​	5.1	%

Schedule of operating and finance lease commitments

​

​	​	​	​	​	​	​	​	​	​
Period		Operating Leases(1)			Finance Leases			Total
​	​	(in thousands)
2021	​	$	17,478	​	$	315	​	$	17,793
2022	​		13,956	​		95	​		14,051
2023	​		11,858	​		—	​		11,858
2024	​		11,117	​		—	​		11,117
2025	​		10,376	​		—	​		10,376
Thereafter	​		22,908	​		—	​		22,908
Total minimum lease payments	​	$	87,693	​	$	410	​	$	88,103
​	​	​	​	​	​	​	​	​	​
Less reconciling items to reconcile undiscounted cash flows to lease liabilities:	​	​	​	​	​	​	​	​	​
Short-term leases excluded from balance sheet	​	​	562	​	​	—	​	​	562
Imputed interest	​	​	12,128	​	​	9	​	​	12,137
Total reconciling items	​	​	12,690	​	​	9	​	​	12,699
Total liabilities per balance sheet	​	$	75,003	​	$	401	​	$	75,404

​

(1) The table above excludes sublease and lessor income of $1.1 million during 2021, $0.8 million during 2022 and $0.3 million during 2023.

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=121609121&loc=SL77918686-209980

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- References

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- Definition

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

+ References

No definition available.

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