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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease, Cost
The table below summarizes the Company's total lease costs included in its consolidated financial statements, as well as other required quantitative disclosures (in thousands).
As of December 31, 2019
Finance lease cost:
Amortization of right-of-use assets$360  
Interest on lease liabilities440  
Total finance lease cost$800  
Operating lease cost12,218  
Total lease cost$13,018  
Other information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for finance leases$—  
Operating cash flows for operating leases$10,060  
Financing cash flows for finance leases$(4,503) 
Right-of-use assets obtained in exchange for new finance lease liabilities$20,310  
Right-of-use assets obtained in exchange for new operating lease liabilities$47,436  
Weighted average remaining lease term - finance leases10.6 years
Weighted average remaining lease term - operating leases5.0 years
Weighted average discount rate - finance leases8.6 %
Weighted average discount rate - operating leases7.4 %
Maturity of Operating Lease Liabilities The table below presents the maturity of lease liabilities on an annual basis for the remaining years of the Company's commenced lease agreements (in thousands).
Year Ending December 31,Finance LeaseOperating Leases
2020$2,938  $13,415  
20212,996  10,306  
20222,280  6,000  
20232,080  6,000  
20243,172  6,000  
Thereafter18,784  6,000  
Total32,250  47,721  
Less: present value discount
11,500  7,373  
Present value of lease liabilities$20,750  $40,348  
Balance Sheet Classification at December 31, 2019:
  Current lease liabilities$1,221  $11,040  
  Long-term lease liabilities19,529  29,308  
Total lease liabilities$20,750  $40,348  
Maturity of Finance Lease Liabilities The table below presents the maturity of lease liabilities on an annual basis for the remaining years of the Company's commenced lease agreements (in thousands).
Year Ending December 31,Finance LeaseOperating Leases
2020$2,938  $13,415  
20212,996  10,306  
20222,280  6,000  
20232,080  6,000  
20243,172  6,000  
Thereafter18,784  6,000  
Total32,250  47,721  
Less: present value discount
11,500  7,373  
Present value of lease liabilities$20,750  $40,348  
Balance Sheet Classification at December 31, 2019:
  Current lease liabilities$1,221  $11,040  
  Long-term lease liabilities19,529  29,308  
Total lease liabilities$20,750  $40,348