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Adoption of ASC 842 (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Summary of Components of Lease Expense, Supplemental Cash Flow Information Related to Leases and Other Lease-related Information

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2019

 

 

 

(Dollars In Thousands)

 

Components of lease expense:

 

 

 

 

 

 

 

 

Operating lease cost

 

$

1,907

 

 

$

3,754

 

Short-term lease cost

 

 

550

 

 

 

1,255

 

Other cost (1)

 

 

14

 

 

 

33

 

Total lease cost

 

$

2,471

 

 

$

5,042

 

Supplemental cash flow information related to leases:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

 

 

 

$

3,928

 

Operating cash flows from finance leases

 

 

 

 

 

 

8

 

Financing cash flows from finance leases

 

 

 

 

 

 

44

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

$

3,980

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

 

 

 

$

1,276

 

Other lease-related information:

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (in years)

 

 

 

 

 

 

4.3

 

Weighted-average remaining lease term - finance leases (in years)

 

 

 

 

 

 

4.3

 

Weighted-average discount rate - operating leases

 

 

 

 

 

 

8.96

%

Weighted-average discount rate - finance leases

 

 

 

 

 

 

8.94

%

 

 

(1)

Includes variable and finance lease costs.

 

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2019 are as follows:

 

 

 

Operating Leases

 

 

 

(In thousands)

 

For the remainder of 2019

 

$

3,652

 

2020

 

 

4,150

 

2021

 

 

2,819

 

2022

 

 

2,164

 

2023

 

 

1,865

 

Thereafter

 

 

2,606

 

Total lease payments

 

 

17,256

 

Less imputed interest

 

 

(3,239

)

Present value of lease liabilities

 

$

14,017

 

Schedule Future Minimum Payments on Leases

As previously disclosed in our 2018 Form 10-K and under Topic 840, future minimum lease payments on operating leases having initial or remaining terms one year or more at December 31, 2018 were as follows:

 

 

 

Operating Leases

 

 

 

(In thousands)

 

2019

 

$

6,674

 

2020

 

 

3,547

 

2021

 

 

2,364

 

2022

 

 

1,949

 

2023

 

 

1,696

 

Thereafter

 

 

2,530

 

Total minimum lease payments

 

$

18,760