Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease Cost

The following table shows lease expense for the three and nine months ended September 30, 2019:

(In thousands)		Three Months Ended		Nine Months Ended	Income Statement Location
Finance lease expense:
Amortization of leased assets	$	425	$	1,295	Depreciation and amortization
Interest on lease liabilities		199		597	Interest expense, net
Operating lease expense		32		92	Other operations and maintenance
Total lease expense	$	656	$	1,984

Lease Balance Sheet

The following table shows the lease assets and liabilities on the consolidated balance sheet as of September 30, 2019:

(In thousands)			Balance Sheet Location
Lease assets:
Finance lease assets	$	16,275	Property, plant, and equipment, net
Operating lease assets		300	Other deferred assets and other
Total lease assets	$	16,575
Lease liabilities:
Finance lease liabilities - current	$	932	Other current liabilities
Finance lease liabilities - long-term		17,657	Finance lease liabilities
Operating lease liabilities - current		143	Other current liabilities
Operating lease liabilities - long-term		185	Other deferred liabilities and other
Total lease liabilities	$	18,917

Other Financial Information

The following table shows other financial lease information for the nine months ended September 30, 2019:

(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - Financing cash flows	$	781
Finance leases - Operating cash flows		597
Operating leases - Operating cash flows		108
Lease assets obtained in exchange for lease liabilities:
Finance leases		12,081
Operating leases		239

Weighted Average And Discount Rate

The following table shows the weighted average remaining lease terms and discounts as of September 30, 2019:

Weighted-average remaining lease terms (in years):
Finance leases	38
Operating leases	5
Weighted-average discount rates:
Finance leases	4.36	%
Operating leases	3.58	%

Lessee Operating Lease Liability Maturity

The following table shows maturities of lease liabilities as of September 30, 2019:

(In thousands)		Finance		Operating
2019	$	539	$	37
2020		1,644		152
2021		1,428		86
2022		1,309		33
2023		1,228		2
Thereafter		41,317		52
Subtotal		47,465		362
Less: Present value discount		(28,876)		(34)
Lease Liability	$	18,589	$	328

Lessee Finance Lease Liability Maturity

The following table shows maturities of lease liabilities as of September 30, 2019:

(In thousands)		Finance		Operating
2019	$	539	$	37
2020		1,644		152
2021		1,428		86
2022		1,309		33
2023		1,228		2
Thereafter		41,317		52
Subtotal		47,465		362
Less: Present value discount		(28,876)		(34)
Lease Liability	$	18,589	$	328

Operating Leases, Future Minimum Rental Payments

Future minimum rental payments as of December 31, 2018, under agreements classified as operating leases with noncancelable terms in excess of one year are as follows:

(In thousands)		2019		2020		2021		2022		2023		Thereafter
Minimum lease payments	$	1,646	$	1,371	$	1,095	$	989	$	975	$	22,707