Leases (Tables)

6 Months Ended

Jun. 30, 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	June 30, 2020		December 31, 2019
Right-of-use assets
Operating	Operating right-of-use assets	$	24,892	$	28,178
Financing	Property, plant and equipment, net	440		505
Total right-of use assets		$	25,332	$	28,683

Lease liabilities
Operating	Operating lease liabilities, current and long-term portions	$	25,450	$	28,577
Financing	Long-term debt, current and long-term portions	531		590
Total lease liabilities		$	25,981	$	29,167

Lease cost recognized in the consolidated income statement for the three and six months ended June 30, 2020 and 2019 was as follows:


	Three Months Ended June 30,					Six Months Ended June 30,
	2020		2019		2020	2019
Finance lease cost
Amortization of right-of-use assets	$	35	$	34	69	64
Interest on lease liabilities	9		11		19	22
Operating lease cost	3,105		4,257		7,095	7,364
Short-term lease cost	64		120		234	134


Total lease cost	$	3,213	$	4,422	7,417	7,584

Other information related to the Company’s leasing activity for the six months ended June 30, 2020 is as follows:


	Six months ended June 30,
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	19		$	20
Operating cash flows used for operating leases	$	6,902		$	7,288
Financing cash flows used for finance leases	$	56		$	58

Right-of-use assets obtained in exchange for new finance lease liabilities	$	—		$	55
Right-of-use assets recorded upon adoption	N/A			$	35,939
Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,322		$	4,100


Weighted average remaining lease term - finance leases	3.2 years			4.0 years
Weighted average discount rate - finance leases	6.60		%	6.69		%
Weighted average remaining lease term - operating leases	3.2 years			2.9 years
Weighted average discount rate - operating leases	5.68		%	5.50		%

Maturities of the Company’s lease liabilities as of June 30, 2020 are as follows:


	Operating Leases		Finance Leases		Total
Remainder of 2020	$	4,257	$	72	$	4,329
2021	9,404		151		9,555
2022	6,976		136		7,112
2023	4,476		245		4,721
2024	2,735		—		2,735
Thereafter	158		—		158
Total cash lease payments	28,006		604		28,610
Less: amounts representing interest	(2,556)		(73)		(2,629)
Total lease liabilities	$	25,450	$	531	$	25,981

Maturities of the Company’s lease liabilities as of June 30, 2020 are as follows:


	Operating Leases		Finance Leases		Total
Remainder of 2020	$	4,257	$	72	$	4,329
2021	9,404		151		9,555
2022	6,976		136		7,112
2023	4,476		245		4,721
2024	2,735		—		2,735
Thereafter	158		—		158
Total cash lease payments	28,006		604		28,610
Less: amounts representing interest	(2,556)		(73)		(2,629)
Total lease liabilities	$	25,450	$	531	$	25,981