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Leases (Tables)

3 Months Ended

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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Lessee, Lease Assets And Liabilities

+ References

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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

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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

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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

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