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LEASES (Tables) | 9 Months Ended
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Sep. 30, 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 |  | September 30, 2019
Assets |  |  |  |  |
Operating lease assets |  | Operating Lease Right-of-Use Assets, Net |  | $ | 18,240
Finance lease assets |  | Property and Equipment, Net(1) |  |  | 5,076
Total lease assets |  |  |  | $ | 23,316
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating |  | Other Accrued Expenses and Current Operating Lease Obligations |  | $ | 2,266
Finance |  | Current Portion of Finance Lease Obligation |  |  | 471
Noncurrent |  |  |  |  |
Operating |  | Operating Lease Obligations, Net of Current Portion, and Other |  |  | 16,225
Finance |  | Finance Lease Obligation, Net of Current Portion |  |  | 3,948
Total lease liabilities |  |  |  | $ | 22,910
(1)Finance lease assets are recorded net of accumulated amortization of $2.6 million as of September 30, 2019.
Components of Lease Expense, Lease Term and Discount Rate and Cash Flow Information | Other information related to lease term and discount rate is as follows:
Lease Term and Discount Rate |  | September 30, 2019
|  | (Unaudited)
Weighted-average remaining lease term |  |  |
Operating leases |  | 21.3 | years
Finance lease |  | 8.0 | years
Weighted-average discount rate |  |  |
Operating leases(1) |  | 9.44 | %
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) |  |  |
|  | Nine Months Ended
Cash paid for amounts included in the measurement of lease liabilities: |  | September 30, 2019
Operating cash flows for operating leases |  | $ | 2,881
Operating cash flows for finance lease |  | $ | 157
Financing cash flows for finance lease |  | $ | 403
(In thousands, Unaudited) |  |  |  |  |  |  |  |
|  |  |  | Three Months Ended |  | Nine Months Ended
Lease Costs |  | Statement of Operations Classification |  | September 30, 2019 |  | September 30, 2019
Operating leases: |  |  |  |  |  |  |  |
Fixed/base rent |  | Selling, General and Administrative Expenses |  | $ | 959 |  | $ | 2,877
Variable payments |  | Selling, General and Administrative Expenses |  |  | 146 |  |  | 501
Finance lease: |  |  |  |  |  |  |  |
Amortization of leased assets |  | Depreciation and Amortization |  |  | 40 |  |  | 119
Interest on lease liabilities |  | Interest Expense, Net |  |  | 51 |  |  | 157
Total lease costs |  |  |  | $ | 1,196 |  | $ | 3,654
Operating Lease, Liability, Maturity | Maturities of lease liabilities as of September 30, 2019 are summarized as follows:
(In thousands, Unaudited) |  |  |  |  |  |
|  | Operating |  | Financing
Year Ending December 31, |  | Leases |  | Lease(1)
2019 (excluding the nine months ended September 30, 2019) |  | $ | 968 |  | $ | 127
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 |  |  | 46,670 |  |  | 5,262
Less: Amount representing interest |  |  | (28,179) |  |  | (843)
Present value of lease liabilities |  |  | 18,491 |  |  | 4,419
Less: Current lease obligations |  |  | (2,266) |  |  | (471)
Long-term lease obligations |  | $ | 16,225 |  | $ | 3,948
(1)The Company’s only material finance lease is at Rising Star Casino Resort for a 104‑room hotel.
Finance Lease, Liability, Maturity |
(In thousands, Unaudited) |  |  |  |  |  |
|  | Operating |  | Financing
Year Ending December 31, |  | Leases |  | Lease(1)
2019 (excluding the nine months ended September 30, 2019) |  | $ | 968 |  | $ | 127
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 |  |  | 46,670 |  |  | 5,262
Less: Amount representing interest |  |  | (28,179) |  |  | (843)
Present value of lease liabilities |  |  | 18,491 |  |  | 4,419
Less: Current lease obligations |  |  | (2,266) |  |  | (471)
Long-term lease obligations |  | $ | 16,225 |  | $ | 3,948
(1)The Company’s 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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