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Leases (Notes) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Leases | Leases Disclosures subsequent to the adoption of ASC 842 Lessee At September 30, 2019, the operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheet are as follows:
|  | Balance Sheet Location |  | September 30, 2019
Right-of-use assets |  |  |  |
Operating |  | Operating right-of-use assets |  | $ | 29,702 |
Financing |  | Property, plant and equipment, net |  | 650 |
Total right-of use assets |  |  |  | $ | 30,352 |
Lease liabilities |  |  |  |
Operating |  | Operating lease liabilities, current and long-term portions |  | $ | 29,196 |
Financing |  | Long-term debt, current and long-term portions |  | 598 |
Total lease liabilities |  |  |  | $ | 29,794 |
Operating lease costs are recorded in a single expense on the income statement and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated income statement for the three and nine months ended September 30, 2019 is as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, 2019 |  | September 30, 2019
Finance lease cost |  |  |
Amortization of right-of-use assets | $ | 35 |  |  | $ | 99 |
Interest on lease liabilities | 10 |  |  | 32 |
Operating lease cost | 4,105 |  |  | 11,469 |
Short-term lease cost | 160 |  |  | 294 |
Total lease cost | $ | 4,310 |  |  | $ | 11,894 |
Other information related to the Company’s leasing activity for the nine months ended September 30, 2019 is as follows:
|  | Nine Months Ended
|  | September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities |  |
Operating cash flows used for finance leases |  | $ | 33 |
Operating cash flows used for operating leases |  | $ | 12,447 |
Financing cash flows used for finance leases |  | $ | 79 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | 55 |
Right-of-use assets recorded upon adoption |  | $ | 35,939 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 5,053 |
Weighted average remaining lease term - finance leases |  | 3.9 years |
Weighted average discount rate - finance leases |  | 6.60 | %
Weighted average remaining lease term - operating leases |  | 2.8 years |
Weighted average discount rate - operating leases |  | 5.50 | %
Maturities of the Company’s lease liabilities as of September 30, 2019 are as follows:
Year |  | Operating Leases |  | Finance Leases |  | Total
Remainder of 2019 |  | $ | 2,841 |  |  | $ | 32 |  |  | $ | 2,873 |
2020 |  | 13,238 |  |  | 165 |  |  | 13,403 |
2021 |  | 9,123 |  |  | 165 |  |  | 9,288 |
2022 |  | 4,034 |  |  | 151 |  |  | 4,185 |
2023 |  | 1,394 |  |  | 161 |  |  | 1,555 |
Thereafter |  | 888 |  |  | — |  |  | 888 |
Total cash lease payments |  | 31,518 |  |  | 674 |  |  | 32,192 |
Less: amounts representing interest |  | (2,322 | ) |  | (76 | ) |  | (2,398 | )
Total lease liabilities |  | $ | 29,196 |  |  | $ | 598 |  |  | $ | 29,794 |
Disclosures prior to the adoption of ASC 842 Capital Leases The Company entered into various lease arrangements to lease equipment. Equipment cost of $657 was capitalized and included in the Company’s property, plant and equipment as of December 31, 2018. Depreciation expense under leased assets was approximately $3 and $113 for the three and nine months ended September 30, 2018, respectively. Operating Leases Expense related to operating leases and other rental agreements was $3,965 and $10,658 for three and nine months ended September 30, 2018, respectively. Lease expense related to railcars is included in cost of goods sold in the condensed consolidated income statements.
Leases | Leases Disclosures subsequent to the adoption of ASC 842 Lessee At September 30, 2019, the operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheet are as follows:
|  | Balance Sheet Location |  | September 30, 2019
Right-of-use assets |  |  |  |
Operating |  | Operating right-of-use assets |  | $ | 29,702 |
Financing |  | Property, plant and equipment, net |  | 650 |
Total right-of use assets |  |  |  | $ | 30,352 |
Lease liabilities |  |  |  |
Operating |  | Operating lease liabilities, current and long-term portions |  | $ | 29,196 |
Financing |  | Long-term debt, current and long-term portions |  | 598 |
Total lease liabilities |  |  |  | $ | 29,794 |
Operating lease costs are recorded in a single expense on the income statement and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated income statement for the three and nine months ended September 30, 2019 is as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, 2019 |  | September 30, 2019
Finance lease cost |  |  |
Amortization of right-of-use assets | $ | 35 |  |  | $ | 99 |
Interest on lease liabilities | 10 |  |  | 32 |
Operating lease cost | 4,105 |  |  | 11,469 |
Short-term lease cost | 160 |  |  | 294 |
Total lease cost | $ | 4,310 |  |  | $ | 11,894 |
Other information related to the Company’s leasing activity for the nine months ended September 30, 2019 is as follows:
|  | Nine Months Ended
|  | September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities |  |
Operating cash flows used for finance leases |  | $ | 33 |
Operating cash flows used for operating leases |  | $ | 12,447 |
Financing cash flows used for finance leases |  | $ | 79 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | 55 |
Right-of-use assets recorded upon adoption |  | $ | 35,939 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 5,053 |
Weighted average remaining lease term - finance leases |  | 3.9 years |
Weighted average discount rate - finance leases |  | 6.60 | %
Weighted average remaining lease term - operating leases |  | 2.8 years |
Weighted average discount rate - operating leases |  | 5.50 | %
Maturities of the Company’s lease liabilities as of September 30, 2019 are as follows:
Year |  | Operating Leases |  | Finance Leases |  | Total
Remainder of 2019 |  | $ | 2,841 |  |  | $ | 32 |  |  | $ | 2,873 |
2020 |  | 13,238 |  |  | 165 |  |  | 13,403 |
2021 |  | 9,123 |  |  | 165 |  |  | 9,288 |
2022 |  | 4,034 |  |  | 151 |  |  | 4,185 |
2023 |  | 1,394 |  |  | 161 |  |  | 1,555 |
Thereafter |  | 888 |  |  | — |  |  | 888 |
Total cash lease payments |  | 31,518 |  |  | 674 |  |  | 32,192 |
Less: amounts representing interest |  | (2,322 | ) |  | (76 | ) |  | (2,398 | )
Total lease liabilities |  | $ | 29,196 |  |  | $ | 598 |  |  | $ | 29,794 |
Disclosures prior to the adoption of ASC 842 Capital Leases The Company entered into various lease arrangements to lease equipment. Equipment cost of $657 was capitalized and included in the Company’s property, plant and equipment as of December 31, 2018. Depreciation expense under leased assets was approximately $3 and $113 for the three and nine months ended September 30, 2018, respectively. Operating Leases Expense related to operating leases and other rental agreements was $3,965 and $10,658 for three and nine months ended September 30, 2018, respectively. Lease expense related to railcars is included in cost of goods sold in the condensed consolidated income statements.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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