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Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Schedule of Lease Assets and Liabilities | The following table summarizes the supplemental balance sheet information related to lease as of March 31, 2019 (in thousands, unaudited):
|  |  |  | As of
|  | Classification |  | March 31, 2019
Assets |  |  |  |
Operating lease assets |  | Operating lease assets |  | 55,408 |
Finance lease assets |  | Property and equipment, net of accumulated depreciation |  | 903 |
Total lease assets |  |  |  | 56,311 |
Liabilities |  |  |  |
Current |  |  |  |
Operating |  | Accrued liabilities |  | 13,670 |
Finance |  | Current portion of long-term debt |  | 108 |
Noncurrent |  |  |  |
Operating |  | Operating lease liabilities |  | 55,952 |
Finance |  | Long-term debt, net of current portion |  | 687 |
Total lease liabilities |  |  |  | 70,417 |
Schedule of Lease Cost, Cash Flows, Weighted Average Remaining Lease Term and Weighted Average Discount Rates | The following table summarizes the components of lease expenses for the three months ended March 31, 2019 (in thousands, unaudited):
Lease Cost |  | Classification |  | Three Months Ended March 31, 2019
Operating lease cost |  | Cost of sales and Selling, general and administrative expenses |  | $ | 4,140 |
Finance lease cost |  |  |  |
Amortization of leased assets |  | Selling, general and administrative expenses |  | 72 |
Interest on lease liabilities |  | Interest expense |  | 16 |
Sublease income |  | Cost of sales and Selling, general and administrative expenses |  | (209 | )
Net lease cost |  |  |  | $ | 4,019 |
The following table summarizes the supplemental cash flow information related to leases as of March 31, 2019:
|  | Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases |  | $ | 4,755 |
Operating cash flows from finance leases |  | 16 |
Financing cash flows from finance leases |  | 1,063 |
Noncash activities from right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases |  | 6,568 |
Finance leases |  | 453 |
Noncash activities from adoption of ASC 842 as of January 1, 2019 |  |
Prepaid expenses and other current assets |  | $ | (884 | )
Operating lease assets |  | $ | 54,069 |
Operating lease liabilities |  | $ | 64,506 |
Accrued liabilities |  | $ | (11,321 | )
The following table summarizes the weighted-average remaining lease term and weighted average discount rates related to leases as of March 31, 2019:
Lease Term and Discount Rate |  | March 31, 2019
Weighted-average remaining lease term (years) |  |
Operating leases |  | 7.07 years |
Financing leases |  | 3.20 years |
Weighted-average discount rate |  |
Operating leases |  | 6.58 | %
Financing leases |  | 6.58 | %
Schedule of Finance Lease Liability Maturity | The maturities of lease liabilities as of March 31, 2019 are as follows (in thousands, unaudited):
|  | Operating Leases |  | Finance Leases |  | Total
Remainder of 2019 |  | $ | 13,352 |  |  | $ | 316 |  |  | $ | 13,668 |
2020 |  | 15,614 |  |  | 349 |  |  | 15,963 |
2021 |  | 13,278 |  |  | 349 |  |  | 13,627 |
2022 |  | 9,428 |  |  | 53 |  |  | 9,481 |
2023 |  | 6,266 |  |  | 7 |  |  | 6,273 |
2024 |  | 5,388 |  |  | — |  |  | 5,388 |
Thereafter |  | 24,341 |  |  | — |  |  | 24,341 |
Total lease payments |  | 87,667 |  |  | 1,074 |  |  | 88,741 |
Less: present value discount |  | (18,045 | ) |  | (279 | ) |  | (18,324 | )
Present value of lease liabilities |  | $ | 69,622 |  |  | $ | 795 |  |  | $ | 70,417 |
Schedule of Operating Lease Liability Maturity | The maturities of lease liabilities as of March 31, 2019 are as follows (in thousands, unaudited):
|  | Operating Leases |  | Finance Leases |  | Total
Remainder of 2019 |  | $ | 13,352 |  |  | $ | 316 |  |  | $ | 13,668 |
2020 |  | 15,614 |  |  | 349 |  |  | 15,963 |
2021 |  | 13,278 |  |  | 349 |  |  | 13,627 |
2022 |  | 9,428 |  |  | 53 |  |  | 9,481 |
2023 |  | 6,266 |  |  | 7 |  |  | 6,273 |
2024 |  | 5,388 |  |  | — |  |  | 5,388 |
Thereafter |  | 24,341 |  |  | — |  |  | 24,341 |
Total lease payments |  | 87,667 |  |  | 1,074 |  |  | 88,741 |
Less: present value discount |  | (18,045 | ) |  | (279 | ) |  | (18,324 | )
Present value of lease liabilities |  | $ | 69,622 |  |  | $ | 795 |  |  | $ | 70,417 |

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- 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 + Details
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- 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 + Details
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- 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 + Details
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