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LEASES (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Balance sheet information for leases | Leases recorded on the balance sheet consist of the following:
(In thousands, Unaudited) |  |  |  |
Leases |  | Balance Sheet Classification |  | March 31, 2019
Assets |  |  |  |
Operating lease assets |  | Operating Lease Right-of-Use Assets |  | $ | 19,316 |
Finance lease assets |  | Property and Equipment, Net(1) |  | 5,155 |
Total lease assets |  |  |  | $ | 24,471 |
Liabilities |  |  |  |
Current |  |  |  |
Operating |  | Other Accrued Expenses and Current Operating Lease Obligations |  | $ | 2,172 |
Finance |  | Current Portion of Finance Lease Obligation |  | 515 |
Noncurrent |  |  |  |
Operating |  | Operating Lease Obligations, Net of Current Portion, and Other |  | 17,371 |
Finance |  | Finance Lease Obligation, Net of Current Portion |  | 4,182 |
Total lease liabilities |  |  |  | $ | 24,240 |
(1 | ) |  | Finance lease assets are recorded net of accumulated amortization of $2.6 million as of March 31, 2019.
Components of lease expense, Lease term and discount rate and Cash flow information | The components of lease expense are as follows:
(In thousands, Unaudited) |  |  |  |
|  |  |  | Three Months Ended March 31, 2019
Lease Costs |  | Statement of Operations Classification |
Operating leases: |  |  |  |
Operating lease costs |  | Selling, General and Administrative Expenses |  | $ | 960 |
Short-term lease costs |  | Selling, General and Administrative Expenses |  | 137 |
Variable lease costs |  | Selling, General and Administrative Expenses |  | 184 |
Finance lease: |  |  |  |
Amortization of leased assets |  | Depreciation and Amortization |  | 40 |
Interest on lease liabilities |  | Interest Expense, Net |  | 54 |
Total lease costs |  |  |  | $ | 1,375 |
Other information related to lease term and discount rate is as follows:
Lease Term and Discount Rate |  | March 31, 2019
|  | (Unaudited)
Weighted-average remaining lease term |  |
Operating leases |  | 20.9 years
Finance lease |  | 8.6 years
Weighted-average discount rate |  |
Operating leases(1) |  | 9.41%
Finance lease |  | 4.50%
(1 | ) |  | Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019.
Supplemental cash flow information related to leases is as follows:
(In thousands, Unaudited) |  |
|  | Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows for operating leases |  | $ | 961 |
Operating cash flows for finance lease |  | $ | 54 |
Financing cash flows for finance lease |  | $ | 125 |
Operating lease, liability, maturity | Maturities of lease liabilities as of March 31, 2019 are summarized as follows:
(In thousands, Unaudited) |  |  |  |
|  | Operating Leases |  | Financing Lease(1)
Year Ending December 31, |  |
2019 (excluding the three months ended March 31, 2019) |  | $ | 2,887 |  |  | $ | 508 |
2020 |  | 3,850 |  |  | 680 |
2021 |  | 3,719 |  |  | 652 |
2022 |  | 3,503 |  |  | 652 |
2023 |  | 2,478 |  |  | 652 |
Thereafter |  | 32,152 |  |  | 2,499 |
Total future minimum lease payments |  | 48,589 |  |  | 5,643 |
Less: Amount representing interest |  | (29,046 | ) |  | (946 | )
Present value of lease liabilities |  | 19,543 |  |  | 4,697 |
Less: Current lease obligations |  | (2,172 | ) |  | (515 | )
Long-term lease obligations |  | $ | 17,371 |  |  | $ | 4,182 |
(1 | ) |  | Our only material finance lease is at Rising Star Casino Resort for a 104-room hotel.
Finance lease, liability, maturity | Maturities of lease liabilities as of March 31, 2019 are summarized as follows:
(In thousands, Unaudited) |  |  |  |
|  | Operating Leases |  | Financing Lease(1)
Year Ending December 31, |  |
2019 (excluding the three months ended March 31, 2019) |  | $ | 2,887 |  |  | $ | 508 |
2020 |  | 3,850 |  |  | 680 |
2021 |  | 3,719 |  |  | 652 |
2022 |  | 3,503 |  |  | 652 |
2023 |  | 2,478 |  |  | 652 |
Thereafter |  | 32,152 |  |  | 2,499 |
Total future minimum lease payments |  | 48,589 |  |  | 5,643 |
Less: Amount representing interest |  | (29,046 | ) |  | (946 | )
Present value of lease liabilities |  | 19,543 |  |  | 4,697 |
Less: Current lease obligations |  | (2,172 | ) |  | (515 | )
Long-term lease obligations |  | $ | 17,371 |  |  | $ | 4,182 |
(1 | ) |  | Our only material finance lease is at Rising Star Casino Resort for a 104-room hotel.

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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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