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Leases (Notes)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Leases

Lessee

The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheet were as follows:

						Balance Sheet Location						March 31, 2020						December 31, 2019
Right-of-use assets
Operating						Operating right-of-use assets						$	25,100					$	28,178
Financing						Property, plant and equipment, net						469						505
Total right-of use assets												$	25,569					$	28,683
Lease liabilities
Operating						Operating lease liabilities, current and long-term portions						$	25,407					$	28,577
Financing						Long-term debt, current and long-term portions						558						590
Total lease liabilities												$	25,965					$	29,167

Operating lease costs are recorded as 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 months ended March 31, 2020 and 2019 was as follows:

			Three Months Ended March 31,
			2020						2019
Finance lease cost
Amortization of right-of-use assets			$	34					$	30
Interest on lease liabilities			10						11
Operating lease cost			3,990						3,107
Short-term lease cost			170						14
Total lease cost			$	4,204					$	3,162

Other information related to the Company’s leasing activity for the three months ended March 31, 2020 is as follows:

						Three Months Ended March 31,
						2020						2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases						$	10					$	10
Operating cash flows used for operating leases						$	4,086					$	3,015
Financing cash flows used for finance leases						$	28					$	22
Right-of-use assets obtained in exchange for new finance lease liabilities						$	—					$	—
Right-of-use assets recorded upon adoption						N/A						$	35,939
Right-of-use assets obtained in exchange for new operating lease liabilities						$	614					$	2,042
Weighted average remaining lease term - finance leases						3.4 years						4.5 years
Weighted average discount rate - finance leases						6.60		%				6.87		%
Weighted average remaining lease term - operating leases						2.4 years						3.2 years
Weighted average discount rate - operating leases						5.51		%				5.50		%

Maturities of the Company’s lease liabilities as of March 31, 2020 are as follows:

						Operating Leases						Finance Leases						Total
Remainder of 2020						$	10,437					$	109					$	10,546
2021						10,303						151						10,454
2022						4,089						136						4,225
2023						1,394						245						1,639
2024						888						—						888
Thereafter						—						—						—
Total cash lease payments						27,111						641						27,752
Less: amounts representing interest						(1,704)						(83)						(1,787)
Total lease liabilities						$	25,407					$	558					$	25,965

Leases

Leases

Lessee

The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheet were as follows:

						Balance Sheet Location						March 31, 2020						December 31, 2019
Right-of-use assets
Operating						Operating right-of-use assets						$	25,100					$	28,178
Financing						Property, plant and equipment, net						469						505
Total right-of use assets												$	25,569					$	28,683
Lease liabilities
Operating						Operating lease liabilities, current and long-term portions						$	25,407					$	28,577
Financing						Long-term debt, current and long-term portions						558						590
Total lease liabilities												$	25,965					$	29,167

Operating lease costs are recorded as 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 months ended March 31, 2020 and 2019 was as follows:

			Three Months Ended March 31,
			2020						2019
Finance lease cost
Amortization of right-of-use assets			$	34					$	30
Interest on lease liabilities			10						11
Operating lease cost			3,990						3,107
Short-term lease cost			170						14
Total lease cost			$	4,204					$	3,162

Other information related to the Company’s leasing activity for the three months ended March 31, 2020 is as follows:

						Three Months Ended March 31,
						2020						2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases						$	10					$	10
Operating cash flows used for operating leases						$	4,086					$	3,015
Financing cash flows used for finance leases						$	28					$	22
Right-of-use assets obtained in exchange for new finance lease liabilities						$	—					$	—
Right-of-use assets recorded upon adoption						N/A						$	35,939
Right-of-use assets obtained in exchange for new operating lease liabilities						$	614					$	2,042
Weighted average remaining lease term - finance leases						3.4 years						4.5 years
Weighted average discount rate - finance leases						6.60		%				6.87		%
Weighted average remaining lease term - operating leases						2.4 years						3.2 years
Weighted average discount rate - operating leases						5.51		%				5.50		%

Maturities of the Company’s lease liabilities as of March 31, 2020 are as follows:

						Operating Leases						Finance Leases						Total
Remainder of 2020						$	10,437					$	109					$	10,546
2021						10,303						151						10,454
2022						4,089						136						4,225
2023						1,394						245						1,639
2024						888						—						888
Thereafter						—						—						—
Total cash lease payments						27,111						641						27,752
Less: amounts representing interest						(1,704)						(83)						(1,787)
Total lease liabilities						$	25,407					$	558					$	25,965

X

- References

No definition available.

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X

- 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

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X

- 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

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