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LEASES

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

LEASES

LEASES

Our lease obligations consist of operating and finance leases related to real estate and equipment. The components of lease cost are as follows (in thousands):

									Three months ended March 31,
			Income Statement Classification						2020						2021
Operating lease cost			Facilities and grounds expense(1)						$	957					$	960
Short-term lease cost			Facilities and grounds expense(1)						32						49
Variable lease cost			Facilities and grounds expense(1)						25						41
Finance lease cost:
Depreciation of leased assets			Depreciation and amortization(2)						$	109					$	108
Interest on lease liabilities			Interest expense						126						120
Total finance lease cost									235						228
Total lease cost									$	1,249					$	1,278

(1)			Facilities and grounds expense is included within Cost of service and General, administrative and other on our Consolidated Statements of Operations.
(2)			Depreciation and amortization expense is included within Field depreciation and Home office depreciation and amortization on our Consolidated Statements of Operations.

Supplemental cash flow information related to our leases is as follows (in thousands):

			Three months ended March 31,
			2020						2021
Cash paid for operating leases included in operating activities			$	696					$	965
Cash paid for finance leases included in financing activities			200						209

Right-of-use assets obtained in exchange for new leases is as follows (in thousands):

			Three months ended March 31,
			2020						2021
Right-of-use assets obtained in exchange for new operating lease liabilities			$	77					$	56
Right-of-use assets obtained in exchange for new finance lease liabilities			—						—

Supplemental balance sheet information related to leases is as follows (in thousands):

Lease Type			Balance Sheet Classification			December 31, 2020						March 31, 2021
Operating lease right-of-use assets			Operating lease right-of-use assets			$	21,201					$	20,747
Finance lease right-of-use assets			Property, plant and equipment, net			$	6,770					$	6,770
Accumulated depreciation			Property, plant and equipment, net			(2,005)						(2,113)
Finance lease right-of-use assets, net						$	4,765					$	4,657
Operating lease current liabilities			Current portion of operating lease obligations			$	2,082					$	2,057
Finance lease current liabilities			Current portion of finance lease obligations			323						331
Total current lease liabilities						$	2,405					$	2,388
Operating lease non-current liabilities			Obligations under operating leases, net of current portion			$	20,302					$	19,876
Finance lease non-current liabilities			Obligations under finance leases, net of current portion			5,531						5,445
Total non-current lease liabilities						$	25,833					$	25,321
Total lease liabilities						$	28,238					$	27,709

The average lease terms and discount rates at March 31, 2021 are as follows:

			Weighted-average remaining lease term (years)						Weighted-average discount rate
Operating leases			10.7						8.1		%
Finance leases			5.6						8.2		%

The aggregate future lease payments for operating and finance leases as of March 31, 2021 are as follows (in thousands):

			Operating						Finance
Lease payments due:
Remainder of 2021			$	2,854					$	627
2022			3,439						860
2023			3,318						860
2024			3,301						791
2025			3,161						736
Thereafter			16,188						5,555
Total lease payments			32,261						9,429
Less: Interest			(10,328)						(3,653)
Present value of lease liabilities			$	21,933					$	5,776

At March 31, 2021, we had no additional significant operating or finance leases that had not yet commenced.

LEASES

LEASES

Our lease obligations consist of operating and finance leases related to real estate and equipment. The components of lease cost are as follows (in thousands):

									Three months ended March 31,
			Income Statement Classification						2020						2021
Operating lease cost			Facilities and grounds expense(1)						$	957					$	960
Short-term lease cost			Facilities and grounds expense(1)						32						49
Variable lease cost			Facilities and grounds expense(1)						25						41
Finance lease cost:
Depreciation of leased assets			Depreciation and amortization(2)						$	109					$	108
Interest on lease liabilities			Interest expense						126						120
Total finance lease cost									235						228
Total lease cost									$	1,249					$	1,278

(1)			Facilities and grounds expense is included within Cost of service and General, administrative and other on our Consolidated Statements of Operations.
(2)			Depreciation and amortization expense is included within Field depreciation and Home office depreciation and amortization on our Consolidated Statements of Operations.

Supplemental cash flow information related to our leases is as follows (in thousands):

			Three months ended March 31,
			2020						2021
Cash paid for operating leases included in operating activities			$	696					$	965
Cash paid for finance leases included in financing activities			200						209

Right-of-use assets obtained in exchange for new leases is as follows (in thousands):

			Three months ended March 31,
			2020						2021
Right-of-use assets obtained in exchange for new operating lease liabilities			$	77					$	56
Right-of-use assets obtained in exchange for new finance lease liabilities			—						—

Supplemental balance sheet information related to leases is as follows (in thousands):

Lease Type			Balance Sheet Classification			December 31, 2020						March 31, 2021
Operating lease right-of-use assets			Operating lease right-of-use assets			$	21,201					$	20,747
Finance lease right-of-use assets			Property, plant and equipment, net			$	6,770					$	6,770
Accumulated depreciation			Property, plant and equipment, net			(2,005)						(2,113)
Finance lease right-of-use assets, net						$	4,765					$	4,657
Operating lease current liabilities			Current portion of operating lease obligations			$	2,082					$	2,057
Finance lease current liabilities			Current portion of finance lease obligations			323						331
Total current lease liabilities						$	2,405					$	2,388
Operating lease non-current liabilities			Obligations under operating leases, net of current portion			$	20,302					$	19,876
Finance lease non-current liabilities			Obligations under finance leases, net of current portion			5,531						5,445
Total non-current lease liabilities						$	25,833					$	25,321
Total lease liabilities						$	28,238					$	27,709

The average lease terms and discount rates at March 31, 2021 are as follows:

			Weighted-average remaining lease term (years)						Weighted-average discount rate
Operating leases			10.7						8.1		%
Finance leases			5.6						8.2		%

The aggregate future lease payments for operating and finance leases as of March 31, 2021 are as follows (in thousands):

			Operating						Finance
Lease payments due:
Remainder of 2021			$	2,854					$	627
2022			3,439						860
2023			3,318						860
2024			3,301						791
2025			3,161						736
Thereafter			16,188						5,555
Total lease payments			32,261						9,429
Less: Interest			(10,328)						(3,653)
Present value of lease liabilities			$	21,933					$	5,776

At March 31, 2021, we had no additional significant operating or finance leases that had not yet commenced.

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- References

No definition available.

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- Definition

The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

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- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

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