XML 32 R21.htm IDEA: XBRL DOCUMENT

Recently Issued Accounting Standards (Tables)

6 Months Ended

Jun. 30, 2019

Leased assets and liabilities include the following:



Description	Location	JUNE 30 2019
Assets
Operating	Operating lease right-of-use assets	$	12,095
Finance	Property, plant and equipment, net ^(a)	343

Liabilities
Current
Operating	Other current liabilities	$	1,440
Finance	Current maturities of long-term debt	268
Noncurrent
Operating	Operating lease liabilities	12,990
Finance	Long-term debt	101

^(a)Finance leased assets are recorded net of accumulated amortization of $2.9 million as of June 30, 2019.

The components of lease expense were as follows:



		THREE MONTHS ENDED		SIX MONTHS ENDED
		JUNE 30		JUNE 30
Description	Location	2019
Lease expense
Operating lease cost	Selling, general and administrative expenses	$	589	$	1,214
Finance lease cost:
Amortization of leased assets	Cost of sales	100		196
Interest on lease liabilities	Interest expense	3		6

Short-term lease expense	Selling, general and administrative expenses	89		163
Net lease expense		$	781	$	1,579

Future minimum finance and operating lease payments were as follows at June 30, 2019:



	Finance Leases		Operating Leases		Total
Remainder of 2019	$	237	$	1,196	$	1,433
2020	58		2,229		2,287
2021	37		2,125		2,162
2022	37		2,150		2,187
2023	16		1,659		1,675
Subsequent to 2023	—		10,951		10,951
Total minimum lease payments	385		20,310		$	20,695
Amounts representing interest	16		5,880
Present value of net minimum lease payments	$	369	$	14,430

Future minimum finance and operating lease payments were as follows at June 30, 2019:



	Finance Leases		Operating Leases		Total
Remainder of 2019	$	237	$	1,196	$	1,433
2020	58		2,229		2,287
2021	37		2,125		2,162
2022	37		2,150		2,187
2023	16		1,659		1,675
Subsequent to 2023	—		10,951		10,951
Total minimum lease payments	385		20,310		$	20,695
Amounts representing interest	16		5,880
Present value of net minimum lease payments	$	369	$	14,430

The assumptions used in accounting for ASC 842 were as follows for the three and six months ended June 30, 2019:



	THREE MONTHS ENDED		SIX MONTHS ENDED
	June 30		June 30
Lease term and discount rate	2019
Weighted average remaining lease term (years)
Operating	9.89		9.89
Finance	1.76		1.76

Weighted average discount rate
Operating	6.97	%	6.97	%
Finance	5.15	%	5.15	%

The following table details cash paid for amounts included in the measurement of lease liabilities for the three and six months ended June 30:



	THREE MONTHS ENDED		SIX MONTHS ENDED
	June 30		June 30
Cash paid for amounts included in the measurement of lease liabilities	2019
Operating cash flows from operating leases	$	587	$	1,160
Operating cash flows from finance leases	3		6
Financing cash flows from finance leases	110		232