XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.19.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2019
Leases [Abstract] |
Leases | Leases The Company has operating leases for railcars, computer equipment, an office space, and certain equipment. The Company has no finance leases. Leases with terms of twelve months or less are not recorded on the Company's Condensed Consolidated Balance Sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. For leases beginning in 2019 and later, lease components are accounted for separately from non-lease components, such as common-area maintenance, based on the relative, observable standalone prices of the components. The Company's leases have remaining lease terms of one year to five years, some of which may include options to extend the lease. Options to renew the Company's leases were not considered when assessing the value of the right-of-use assets because the Company was not reasonably certain that it will assert the options to renew the leases. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.
Leases |  | March 31, 2019 |
Assets |  |  |
Operating |  | $ | 6,686 |  |
Total leased assets(a) |  | $ | 6,686 |  | (b)
Liabilities |  |  |
Current Operating |  | $ | 2,434 |  | (c)
Noncurrent Operating |  | 4,631 |  | (d)
Total operating lease liability(a) |  | $ | 7,065 |  |
(a) The Company has no finance lease assets or liabilities. (b) Recorded in Operating lease right-of-use-asset, net, on the Company's Condensed Consolidated Balance Sheet. (c) Recorded as a component of Accrued expenses on the Company's Condensed Consolidated Balance Sheet. (d) Recorded in Operating lease liability on the Company's Condensed Consolidated Balance Sheet.
Lease Costs |  | Quarter Ended March 31,
| 2019
Operating lease costs |  | $ | 589 |
Short-term lease costs |  | 303 |
Sublease income |  | (24 | )
Net lease costs(a)(b) |  | $ | 868 |
(a) The Company has no finance lease costs. (b) Recorded as a component of Operating income on the Company's Condensed Consolidated Statement of Income.
Other Information(a) |  | Quarter Ended March 31,
| 2019
Cash paid for amounts included in the measurement of lease liabilities |  |
Operating cash flows from operating leases |  | $ | 565 |
Right-of-use assets obtained in exchange for lease obligations |  |
Operating leases |  | $ | 576 |
Weighted average discount rate |  |
Operating leases |  | 5.88 | %
Weighted average remaining lease term |  |
Operating leases |  | 3.3 years |
(a) The Company has no finance leases.
Maturity of Operating Lease Liabilities(a) |  | March 31, 2019
2019 |  | $ | 2,168 |
2020 |  | 2,278 |
2021 |  | 1,684 |
2022 |  | 1,079 |
2023 |  | 496 |
After 2023 |  | 57 |
Total lease payments |  | $ | 7,762 |
Less interest |  | (697 | )
Total operating lease liability |  | $ | 7,065 |
(a) The Company has no finance leases. At December 31, 2018, under ASC 840, Leases, the Company’s lease disclosures were: Operating Leases. The Company leases railcars and other assets under various operating leases. For railcar leases, which are the majority, the Company is generally required to pay all service costs associated with the railcars. Rental payments include minimum rentals, and rental expenses with terms longer than one month were $2,081, $2,372, and $2,561 for 2018, 2017, and 2016, respectively. Annual commitments under non-cancelable operating leases totaled $6,897 for the five years ending December 31, 2023, and an additional $55 thereafter. The Company's future minimum rental payments were $2,224, $1,858, $1,357, $977, and $481 for the years ending December 31, 2019, 2020, 2021, 2022, and 2023, respectively.
Maturity of Operating Lease Liabilities |  | December 31, 2018
2019 |  | $ | 2,224 |
2020 |  | 1,858 |
2021 |  | 1,357 |
2022 |  | 977 |
2023 |  | 481 |
After 2023 |  | 55 |
Total lease commitments |  | $ | 6,952 |

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 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 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration