Leases (Tables)

9 Months Ended

Sep. 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	September 30, 2020		December 31, 2019
Right-of-use assets
Operating	Operating right-of-use assets	$	32,198	$	28,178
Financing	Property, plant and equipment, net	400		505
Total right-of use assets		$	32,598	$	28,683

Lease liabilities
Operating	Operating lease liabilities, current and long-term portions	$	33,319	$	28,577
Financing	Long-term debt, current and long-term portions	502		590
Total lease liabilities		$	33,821	$	29,167

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020	2019
Finance lease cost
Amortization of right-of-use assets	$	35	$	35	104	99
Interest on lease liabilities	9		10		28	32
Operating lease cost	2,729		4,105		9,824	11,469
Short-term lease cost	4		160		238	294


Total lease cost	$	2,777	$	4,310	10,194	11,894

Other information related to the Company’s leasing activity for the nine months ended September 30, 2020 and 2019 is as follows:


	Nine months ended September 30,
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	28		$	33
Operating cash flows used for operating leases	$	9,158		$	12,447
Financing cash flows used for finance leases	$	85		$	79

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	$	13,936		$	5,056


Weighted average remaining lease term - finance leases	2.9 years			3.9 years
Weighted average discount rate - finance leases	6.60		%	6.60		%
Weighted average remaining lease term - operating leases	3.7 years			2.8 years
Weighted average discount rate - operating leases	5.71		%	5.50		%

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


	Operating Leases		Finance Leases		Total
Remainder of 2020	$	2,334	$	34	$	2,368
2021	10,350		151		10,501
2022	8,596		136		8,732
2023	6,316		245		6,561
2024	4,768		—		4,768
Thereafter	5,517		—		5,517
Total cash lease payments	37,881		566		38,447
Less: amounts representing interest	(4,562)		(64)		(4,626)
Total lease liabilities	$	33,319	$	502	$	33,821

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


	Operating Leases		Finance Leases		Total
Remainder of 2020	$	2,334	$	34	$	2,368
2021	10,350		151		10,501
2022	8,596		136		8,732
2023	6,316		245		6,561
2024	4,768		—		4,768
Thereafter	5,517		—		5,517
Total cash lease payments	37,881		566		38,447
Less: amounts representing interest	(4,562)		(64)		(4,626)
Total lease liabilities	$	33,319	$	502	$	33,821