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Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Summary of lease information

The following table summarizes lease information:

		Three Months ended September 30, 2019				Nine Months ended September 30, 2019
Lease cost
Operating lease cost		$	2,564,398			$	7,576,348
Finance lease cost:
Amortization of right-of-use assets			6,251				18,753
Interest on lease liabilities			3,472				10,417
Short-term lease cost			7,200				21,600
Total lease cost		$	2,581,321			$	7,627,118
Other information
Operating cash flows from operating leases		$	2,551,861			$	7,294,543
Operating cash flows from finance leases			3,472				10,417
Financing cash flows from finance leases			16,775				50,326
Right-of-use assets obtained in exchange for new operating lease liabilities			2,027,517				4,577,877
Right-of-use assets obtained in exchange for new finance lease liabilities			—				—
						September 30, 2019
Weighted-average remaining lease term – operating leases							6.7 years
Weighted-average remaining lease term – finance leases							26.3 years
Weighted-average discount rate – operating leases							8.5	%
Weighted-average discount rate – finance leases							3.9	%

Schedule of future minimum lease payments

As of September 30, 2019, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows:

Year 1		$	10,503,037
Year 2			9,641,222
Year 3			8,701,116
Year 4			6,935,661
Year 5			5,952,924
Thereafter			19,338,030
Total lease payments			61,071,990
Less imputed interest			(17,732,273	)
Present value of lease liabilities		$	43,339,717

As of December 31, 2018, future minimum payments for operating and finance leases for the next five years and thereafter were summarized as follows:

2019		$	9,800,202
2020			9,946,823
2021			8,881,584
2022			7,662,679
2023			6,305,127
Thereafter			19,974,004
Total		$	62,570,419

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

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