Leases (Tables)

3 Months Ended

Mar. 31, 2020

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

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

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