Leases

12 Months Ended

Dec. 31, 2019

Leases

Leases

15.         Leases

The Company has operating and finance leases for corporate office space and equipment.  

The components of lease expense were as follows:

	For the Year Ended
	December 31, 2019
	(in thousands)
Operating Lease Cost	$	17,574
Finance Lease Cost:
Amortization of ROU assets	$	283
Interest on lease liabilities		27
Total	$	310

Supplemental cash flow information related to leases was as follows:

	For the Year Ended
	December 31, 2019
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,520
Operating cash flows from finance leases		27
Financing cash flows from finance leases		290
ROU assets obtained in exchange for lease obligations:
Operating leases		39,580
Finance leases		40

Supplemental balance sheet information related to leases was as follows:

	December 31, 2019
	(in thousands,
	except lease term
	and discount rate)
Operating Leases:
Operating lease ROU assets (Other non-current assets)	$	23,457
Other current liabilities	$	10,479
Other non-current liabilities		14,694
Total operating lease liabilities	$	25,173
Finance Leases:
Property and equipment, gross	$	985
Accumulated depreciation		(737)
Property and equipment, net	$	248
Other current liabilities	$	203
Other non-current liabilities		55
Total finance lease liabilities	$	258
Weighted average remaining lease term:
Operating leases		4 years
Finance leases		1 year
Weighted average discount rate:
Operating leases		4.32%
Finance leases		6.00%

Maturities of lease liabilities are as follows:

	Operating		Finance
	Leases		Leases
	(in thousands)
Year ended December 31,
2020	$	11,346	208
2021		6,691	47
2022		2,178	9
2023		2,090	—
2024		2,090	—
Thereafter		2,613	—
Total lease payments		27,008	264
Less imputed interest		(1,835)	(6)
Total	$	25,173	258

The adoption of ASU-2016-02 using the effective date as the date of initial application requires the inclusion of the disclosures for periods prior to adoption, which are included below.

Minimum future rental commitments as of December 31, 2018 for all non-cancelable operating leases were as follows:

Year	Commitments
	(in thousands)
2019	$	16,488
2020		9,797
2021		5,757
2022		2,913
2023		2,320
Thereafter		5,161
	$	42,436

Rent expense was $22.7 million and $24.5 million for the years ended December 31, 2018 and 2017, respectively.

As of December 31, 2018, we had property and equipment under capital leases with a cost of $1.6 million and accumulated depreciation of $1.1 million.