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LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Assets and Liabilities, Lessee

Leased assets and liabilities included within the Condensed Consolidated Balance Sheets consist of the following (in thousands):

						Classification						March 31, 2020						December 31, 2019
Right-of-Use Assets
Operating						Other assets						$	14,461					$	14,246
Finance						Property, plant and equipment, net of depreciation						2,909						2,945
Total leased ROU assets												$	17,370					$	17,191
Liabilities
Current
Operating						Other accrued liabilities						$	4,737					$	4,369
Finance						Current portion of finance lease obligations						332						327
Noncurrent
Operating						Non-current liabilities						9,966						10,041
Finance						Finance lease obligations						293						378
Total lease liabilities												$	15,328					$	15,115

Lease, Cost

Lease costs included in the Condensed Consolidated Statements of Operations consist of the following (in thousands):

						Classification						Three Months Ended March 31, 2020						Three Months Ended March 31, 2019
Operating lease cost						Cost of sales, selling expenses and general and administrative expense						$	1,398					$	1,072
Finance lease cost
Amortization of ROU leased assets						Depreciation and amortization						36						36
Interest on lease liabilities						Interest expense						21						15
Net lease cost												$	1,455					$	1,123

Remaining lease term and discount rates are as follows:

						March 31, 2020						December 31, 2019
Weighted average remaining lease term (years)
Operating leases						3.9						4.0
Finance leases						1.8						2.1
Weighted average discount rate
Operating leases						5.04		%				5.17		%
Finance leases						6.16		%				6.16		%

Lease costs included in the Condensed Consolidated Statements of Cash Flows are as follows (in thousands):

						Three Months Ended March 31, 2020						Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases						$	1,377					$	1,038
Operating cash flows from finance leases						$	10					$	15
Financing cash flows from finance leases						$	80					$	75

Operating Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of March 31, 2020 is as follows (in thousands):

						Operating Leases						Finance Leases						Total
2020 (remainder)						$	4,032					$	271					$	4,303
2021						4,926						361						5,287
2022						2,965						30						2,995
2023						2,038						—						2,038
2024						1,007						—						1,007
Thereafter						1,247						—						1,247
Total lease payments						$	16,215					$	662					$	16,877
Less: interest						1,512						37
Present value of lease payments						$	14,703					$	625

Finance Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of March 31, 2020 is as follows (in thousands):

						Operating Leases						Finance Leases						Total
2020 (remainder)						$	4,032					$	271					$	4,303
2021						4,926						361						5,287
2022						2,965						30						2,995
2023						2,038						—						2,038
2024						1,007						—						1,007
Thereafter						1,247						—						1,247
Total lease payments						$	16,215					$	662					$	16,877
Less: interest						1,512						37
Present value of lease payments						$	14,703					$	625

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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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=77888426&loc=SL77918686-209980

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X

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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Assets and Liabilities, Lessee [Table Text Block]

+ References

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