XML 70 R16.htm IDEA: XBRL DOCUMENT v3.20.1
Leases
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Leases
10.
LEASES
The Company leases office space, storage warehouses and certain plant equipment under various operating leases. The Company’s operating leases have remaining lease terms of 1 year to 9 years. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.
For the three months ended March 31, 2020 and March 31, 2019, total operating lease cost was $2.1 million. The weighted average remaining lease term at March 31, 2020 and December 31, 2019 was 6.2 years and 6.5 years, respectively. The weighted average discount rate at March 31, 2020 and December 31, 2019 was 3.66%.
The following table includes supplemental cash flow information for the three months ended March 31, 2020 and March 31, 2019 and supplemental balance sheet information at March 31, 2020 and December 31, 2019 related to operating leases (in thousands):
                 
 
Three Months Ended
 
Supplemental cash flow information
 
March 31,
2020
 
 
March 31,
2019
 
Cash paid for amounts included in the measurement of operating lease liabilities
 
$
2,143
 
 
$
2,118
 
Operating ROU assets obtained in exchange for lease liabilities
 
$
 
 
$
388
 
                 
Supplemental balance sheet information
 
March 31,
2020
 
 
December 31,
2019
 
Operating lease ROU assets
  $
38,329
    $
40,049
 
 
 
 
 
 
 
 
Operating lease liabilities:
   
     
 
Accrued expenses and other current liabilities
  $
7,111
    $
7,079
 
Operating lease liabilities
   
32,440
     
34,242
 
                 
Total operating lease liabilities
  $
39,551
    $
41,321
 
                 
The following table summarizes maturities of operating lease liabilities at March 31, 2020 (in thousands):
Maturities of operating lease liabilities
 
 
2020
  $
6,329
 
2021
   
8,279
 
2022
   
6,464
 
2023
   
6,109
 
2024
   
6,146
 
Thereafter
   
11,079
 
         
Total lease payments
   
44,406
 
Less imputed interest
   
(4,855
)
         
Total operating liabilities
  $
  39,551