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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases  
Schedule of operating lease costs

 

The components of the Company’s operating lease costs were as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

    

June 30, 2019

    

June 30, 2019

Operating lease costs

 

$

2,198

 

$

4,392

Variable lease costs (1)

 

 

34

 

 

43

Total lease costs

 

$

2,232

 

$

4,435


(1) Variable lease costs primarily include percentage rentals based upon sales in excess of specified amounts.

Schedule of maturities of operating lease liabilities

The following is a schedule of maturities of operating lease liabilities as of June 30, 2019 (dollars in thousands):

 

 

 

 

 

 

    

Operating Leases

2019, excluding the six months ended June 30, 2019

 

$

4,586

2020

 

 

8,085

2021

 

 

5,939

2022

 

 

3,411

2023

 

 

1,979

Thereafter

 

 

2,642

Total lease payments

 

 

26,642

Less imputed interest

 

 

(1,749)

Present value of lease liabilities

 

 

24,893

 

Schedule of classification of operating lease liabilities

The operating lease liabilities are classified in the consolidated condensed balance sheet (unaudited) as follows (dollars in thousands):

 

 

 

 

 

 

    

June 30, 2019

Operating lease liabilities – current

 

$

7,878

Operating lease liabilities - non-current

 

 

17,015

Total

 

$

24,893

 

Schedule of future minimum rental commitments

 

The future minimum rental commitments under operating leases in effect as of December 31, 2018 having non-cancelable lease terms in excess of one year, as determined in accordance with Topic 840 (prior to the adoption of ASC 842), were as follows (dollars in thousands):

 

 

 

 

 

 

    

Operating Leases

2019

 

$

9,468

2020

 

 

7,529

2021

 

 

5,584

2022

 

 

3,278

2023

 

 

2,321

Thereafter

 

 

4,161

Total

 

$

32,341

 

Schedule of supplemental cash flow information

Supplemental cash flow information related to the Company’s operating leases is as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

    

Three Months Ended

    

Six Months Ended

 

 

June 30, 2019

 

June 30, 2019

Cash paid for amounts included in the measurement of lease liabilities

 

$

2,273

 

$

4,525

Right-of-use assets obtained in exchange for new lease liabilities (noncash)

 

$

973

 

$

27,002