XML 31 R20.htm IDEA: XBRL DOCUMENT

Recently Issued Accounting Standards (Tables)

3 Months Ended

Mar. 31, 2019

Leased assets and liabilities include the following:



Description	Location	MARCH 31 2019
Assets
Operating	Operating lease right-of-use assets	$	12,479
Finance	Property, plant and equipment, net ^(a)	308

Liabilities
Current
Operating	Other current liabilities	$	1,492
Finance	Current maturities of long-term debt	344
Noncurrent
Operating	Operating lease liabilities	13,305

^(a)Finance leased assets are recorded net of accumulated amortization of $2.8 million as of March 31, 2019.

The components of lease expense were as follows for the three months ended March 31, 2019:



Description	Location
Lease expense
Operating lease cost	Selling, general and administrative expenses	$	625
Finance lease cost:
Amortization of leased assets	Cost of sales	96
Interest on lease liabilities	Interest expense	3

Short-term lease expense	Selling, general and administrative expenses	20
Net lease expense		$	744

Future minimum finance and operating lease payments were as follows at March 31, 2019:



	Finance Leases		Operating Leases		Total
remainder of 2019	$	328	$	1,803	$	2,131
2020	21		2,229		2,250
2021	—		2,125		2,125
2022	—		2,150		2,150
2023	—		1,659		1,659
Subsequent to 2023	—		10,951		10,951
Total minimum lease payments	349		20,917		$	21,266
Amounts representing interest	5		6,120
Present value of net minimum lease payments	$	344	$	14,797

Future minimum finance and operating lease payments were as follows at March 31, 2019:



	Finance Leases		Operating Leases		Total
remainder of 2019	$	328	$	1,803	$	2,131
2020	21		2,229		2,250
2021	—		2,125		2,125
2022	—		2,150		2,150
2023	—		1,659		1,659
Subsequent to 2023	—		10,951		10,951
Total minimum lease payments	349		20,917		$	21,266
Amounts representing interest	5		6,120
Present value of net minimum lease payments	$	344	$	14,797

The assumptions used in accounting for ASC 842 were as follows for the three months ended March 31, 2019:



Lease term and discount rate
Weighted average remaining lease term (years)
Operating	10.0
Finance	0.8

Weighted average discount rate
Operating	6.95	%
Finance	3.98	%

The following table details cash paid for amounts included in the measurement of lease liabilities for the three months ended March 31:



Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	573
Operating cash flows from finance leases	3
Financing cash flows from finance leases	122