XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.20.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2020
Leases [Abstract] |
Leases | Note 5 — Leases We charter vessels and lease facilities and equipment under non-cancelable contracts that expire on various dates through 2031. We also sublease some of our facilities under non-cancelable sublease agreements. The following table details the components of our lease cost (in thousands):
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost | $ | 16,106 |  |  | $ | 18,056 |  |  | $ | 32,429 |  |  | $ | 36,189 |
Variable lease cost | 3,840 |  |  | 3,222 |  |  | 7,052 |  |  | 6,297 |
Short-term lease cost | 9,992 |  |  | 4,804 |  |  | 17,166 |  |  | 8,962 |
Sublease income | (328) |  |  | (373) |  |  | (607) |  |  | (726) |
Net lease cost | $ | 29,610 |  |  | $ | 25,709 |  |  | $ | 56,040 |  |  | $ | 50,722 |
Maturities of our operating lease liabilities as of June 30, 2020 are as follows (in thousands):
| Vessels |  | Facilities and Equipment |  | Total
Remainder of 2020 | $ | 29,916 |  |  | $ | 3,051 |  |  | $ | 32,967 |
2021 | 54,347 |  |  | 5,598 |  |  | 59,945 |
2022 | 52,106 |  |  | 5,093 |  |  | 57,199 |
2023 | 34,580 |  |  | 4,562 |  |  | 39,142 |
2024 | 2,470 |  |  | 4,296 |  |  | 6,766 |
Thereafter | — |  |  | 5,937 |  |  | 5,937 |
Total lease payments | $ | 173,419 |  |  | $ | 28,537 |  |  | $ | 201,956 |
Less: imputed interest | (18,665) |  |  | (5,285) |  |  | (23,950) |
Total operating lease liabilities | $ | 154,754 |  |  | $ | 23,252 |  |  | $ | 178,006 |
Current operating lease liabilities | $ | 48,351 |  |  | $ | 4,672 |  |  | $ | 53,023 |
Non-current operating lease liabilities | 106,403 |  |  | 18,580 |  |  | 124,983 |
Total operating lease liabilities | $ | 154,754 |  |  | $ | 23,252 |  |  | $ | 178,006 |
Maturities of our operating lease liabilities as of December 31, 2019 are as follows (in thousands):
| Vessels |  | Facilities and Equipment |  | Total
2020 | $ | 60,210 |  |  | $ | 6,610 |  |  | $ | 66,820 |
2021 | 54,564 |  |  | 5,888 |  |  | 60,452 |
2022 | 52,106 |  |  | 5,257 |  |  | 57,363 |
2023 | 34,580 |  |  | 4,622 |  |  | 39,202 |
2024 | 2,470 |  |  | 4,349 |  |  | 6,819 |
Thereafter | — |  |  | 6,251 |  |  | 6,251 |
Total lease payments | $ | 203,930 |  |  | $ | 32,977 |  |  | $ | 236,907 |
Less: imputed interest | (24,846) |  |  | (6,449) |  |  | (31,295) |
Total operating lease liabilities | $ | 179,084 |  |  | $ | 26,528 |  |  | $ | 205,612 |
Current operating lease liabilities | $ | 48,716 |  |  | $ | 5,069 |  |  | $ | 53,785 |
Non-current operating lease liabilities | 130,368 |  |  | 21,459 |  |  | 151,827 |
Total operating lease liabilities | $ | 179,084 |  |  | $ | 26,528 |  |  | $ | 205,612 |
The following table presents the weighted average remaining lease term and discount rate:
| June 30, 2020 |  | December 31, 2019
Weighted average remaining lease term | 3.5 years |  | 4.0 years
Weighted average discount rate | 7.53 | % |  | 7.54 | %
The following table presents other information related to our operating leases (in thousands):
| Six Months Ended June 30, |  |
| 2020 |  | 2019
Cash paid for operating lease liabilities | $ | 32,731 |  |  | $ | 35,784 |
ROU assets obtained in exchange for new operating lease obligations | — |  |  | 671 |

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