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Leases Leases | 3 Months Ended
--- | ---
Mar. 31, 2019
Leases [Abstract] |
Leases | (3) Leases The Company has various lease agreements for its facilities, equipment and vehicles with remaining lease terms ranging from one to twelve years. The Company determines if an arrangement contains a lease at inception. Some leases include the options to purchase, terminate or extend for one or more years; these options are included in the ROU asset and liability lease term when it is reasonably certain an option will be exercised. The Company's leases do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's leases do not provide an implicit rate, therefore the Company uses its incremental borrowing rate based on the information available at the commencement date to determine the present value of the future lease payments. Components of lease cost for the period ending March 31, 2019, were as follows:
(in thousands) |  | March 31, 2019
Operating lease cost |  | $ | 3,789 |
Short-term lease cost |  | $ | 24 |
Finance lease cost - interest expense |  | $ | 115 |
Finance lease cost - amortization expense |  | $ | 206 |
Balance sheet classifications at March 31, 2019 are summarized below:
|  | March 31, 2019
(in thousands) |  | Right of use assets |  | Current right of use liabilities |  | Long-term right of use liabilities
Operating Leases |  | $ | 35,213 |  |  | $ | 11,503 |  |  | $ | 29,967 |
Finance Leases |  | 4,357 |  |  | 681 |  |  | 6,290 |
Total |  | $ | 39,570 |  |  | $ | 12,184 |  |  | $ | 36,257 |
The Company’s future minimum lease payments as of March 31, 2019 under operating lease and finance leases, with initial or remaining lease terms in excess of one year, were as follows:
|  | March 31, 2019
(in thousands) |  | Operating Leases |  | Finance Leases
Years ending March 31: |  |  |  |
2020 |  | $ | 10,997 |  |  | $ | 842 |
2021 |  | 9,230 |  |  | 1,056 |
2022 |  | 7,252 |  |  | 772 |
2023 |  | 6,838 |  |  | 767 |
2024 |  | 5,744 |  |  | 760 |
Thereafter |  | 9,504 |  |  | 5,987 |
Total lease payments |  | 49,565 |  |  | 10,184 |
Less: imputed interest |  | (8,096 | ) |  | (3,212 | )
Present value of lease liabilities |  | $ | 41,469 |  |  | $ | 6,972 |
Supplemental cash flow information related to our operating leases for the period ending March 31, 2019, was as follows:
(in thousands) |  | March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash outflow from operating leases |  | $ | 3,857 |
Operating cash outflow from finance leases |  | $ | 115 |
Financing cash outflow from finance leases |  | $ | 167 |
Weighted-average remaining lease terms and discount rate for our operating leases for the period ending March 31, 2019, were as follows:
|  | March 31, 2019
|  | Operating |  | Financing
Weighted-average remaining lease term |  | 5.3 years |  |  | 11.3 years |
Weighted-average discount rate |  | 6.49 | % |  | 6.75 | %
Leases | (3) Leases The Company has various lease agreements for its facilities, equipment and vehicles with remaining lease terms ranging from one to twelve years. The Company determines if an arrangement contains a lease at inception. Some leases include the options to purchase, terminate or extend for one or more years; these options are included in the ROU asset and liability lease term when it is reasonably certain an option will be exercised. The Company's leases do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's leases do not provide an implicit rate, therefore the Company uses its incremental borrowing rate based on the information available at the commencement date to determine the present value of the future lease payments. Components of lease cost for the period ending March 31, 2019, were as follows:
(in thousands) |  | March 31, 2019
Operating lease cost |  | $ | 3,789 |
Short-term lease cost |  | $ | 24 |
Finance lease cost - interest expense |  | $ | 115 |
Finance lease cost - amortization expense |  | $ | 206 |
Balance sheet classifications at March 31, 2019 are summarized below:
|  | March 31, 2019
(in thousands) |  | Right of use assets |  | Current right of use liabilities |  | Long-term right of use liabilities
Operating Leases |  | $ | 35,213 |  |  | $ | 11,503 |  |  | $ | 29,967 |
Finance Leases |  | 4,357 |  |  | 681 |  |  | 6,290 |
Total |  | $ | 39,570 |  |  | $ | 12,184 |  |  | $ | 36,257 |
The Company’s future minimum lease payments as of March 31, 2019 under operating lease and finance leases, with initial or remaining lease terms in excess of one year, were as follows:
|  | March 31, 2019
(in thousands) |  | Operating Leases |  | Finance Leases
Years ending March 31: |  |  |  |
2020 |  | $ | 10,997 |  |  | $ | 842 |
2021 |  | 9,230 |  |  | 1,056 |
2022 |  | 7,252 |  |  | 772 |
2023 |  | 6,838 |  |  | 767 |
2024 |  | 5,744 |  |  | 760 |
Thereafter |  | 9,504 |  |  | 5,987 |
Total lease payments |  | 49,565 |  |  | 10,184 |
Less: imputed interest |  | (8,096 | ) |  | (3,212 | )
Present value of lease liabilities |  | $ | 41,469 |  |  | $ | 6,972 |
Supplemental cash flow information related to our operating leases for the period ending March 31, 2019, was as follows:
(in thousands) |  | March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash outflow from operating leases |  | $ | 3,857 |
Operating cash outflow from finance leases |  | $ | 115 |
Financing cash outflow from finance leases |  | $ | 167 |
Weighted-average remaining lease terms and discount rate for our operating leases for the period ending March 31, 2019, were as follows:
|  | March 31, 2019
|  | Operating |  | Financing
Weighted-average remaining lease term |  | 5.3 years |  |  | 11.3 years |
Weighted-average discount rate |  | 6.49 | % |  | 6.75 | %

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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 + Details
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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 + Details
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