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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
%