Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Components of lease expense and supplemental information

The following table summarizes the components of the Company's lease expense recognized for the three months ending March 31, 2019, excluding variable lease and prepaid rent costs (amounts in thousands):  

	Three Months ended
	March 31, 2019
Operating lease expense:
Short-term operating lease expense	$	1,974
Long-term operating lease expense	2,185
Total operating lease expense	$	4,159
Finance lease expense:
Amortization of right-of-use assets	$	5,440
Interest on lease liabilities	1,382
Total finance lease expense	$	6,822

Supplemental information related to leases was as follows:

Weighted Average Remaining Lease Term (in years)
Operating leases	3.0
Finance leases	2.6
Weighted Average Discount Rate
Operating leases	14.4%
Finance leases	8.0%

Supplemental cash flow information related to leases was as follows for the periods presented (in thousands):

	Three Months ended
	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	4,159
Operating cash outflows from finance leases	1,382
Financing cash outflows from finance leases	11,423
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—
Finance leases	6,144

Supplemental balance sheet information

Supplemental balance sheet information related to leases was as follows for the periods presented (in thousands):

	March 31, 2019		December 31, 2018
Right-of-Use Assets under Operating Leases
Operating lease right-of-use assets	$	19,321	$	20,819
Operating lease right-of-use liabilities, current portion	5,347		5,649
Operating lease right-of-use liabilities, long-term portion	13,974		15,170
Total operating lease liabilities	$	19,321	$	20,819
Right-of-Use Assets under Finance Leases
Property and equipment, at cost	$	81,012	$	102,852
Accumulated depreciation	(22,513)		(31,954)
Property and equipment, net	$	58,499	$	70,898
Current portion of long-term debt	$	22,824	$	27,519
Long-term debt	32,806		33,390
Total finance lease liabilities	$	55,630	$	60,909

Schedule of future minimum rental payments for operating leases

The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands):

	Operating Leases		Finance Leases
2019	$	8,179	$	27,519
2020	6,323		19,322
2021	5,438		10,697
2022	4,696		3,233
2023	1,248		83
Thereafter	1,215		55
Total lease payments	$	27,099	$	60,909

Schedule of future minimum lease payments for capital leases

The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands):

	Operating Leases		Finance Leases
2019	$	8,179	$	27,519
2020	6,323		19,322
2021	5,438		10,697
2022	4,696		3,233
2023	1,248		83
Thereafter	1,215		55
Total lease payments	$	27,099	$	60,909

Maturities of finance lease liabilities

Maturities of lease liabilities were as follows at March 31, 2019 (in thousands):

	Operating Leases		Finance Leases
2019	$	5,926	$	17,575
2020	6,398		20,463
2021	5,517		12,156
2022	4,775		4,786
2023	1,308		595
Thereafter	1,158		55
Total lease payments	$	25,082	$	55,630
Impact of discounting	(5,761)
Discounted value of operating lease obligations	$	19,321
Current operating lease liabilities	$	4,151
Noncurrent operating lease liabilities	15,170
	$	19,321

Maturities of operating lease liabilities

Maturities of lease liabilities were as follows at March 31, 2019 (in thousands):

	Operating Leases		Finance Leases
2019	$	5,926	$	17,575
2020	6,398		20,463
2021	5,517		12,156
2022	4,775		4,786
2023	1,308		595
Thereafter	1,158		55
Total lease payments	$	25,082	$	55,630
Impact of discounting	(5,761)
Discounted value of operating lease obligations	$	19,321
Current operating lease liabilities	$	4,151
Noncurrent operating lease liabilities	15,170
	$	19,321