XML 59 R28.htm IDEA: XBRL DOCUMENT v3.20.1
LEASES - (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Balance Sheet Information
Supplemental balance sheet information related to our operating leases is as follows (in thousands):
Classification on our Balance SheetsAt March 31, 2020At December 31, 2019
Assets
Operating lease ROU assetsOther assets, non-current$11,779  $12,257  
Liabilities(1)
Current operating lease liabilitiesAccounts payable and accrued expenses$6,033  $5,824  
Non-current operating lease liabilitiesOther accrued expenses and liabilities$8,720  $9,628  
(1) The amount of operating lease liabilities recorded on our Balance Sheets upon the adoption of ASC 842 on January 1, 2019 was approximately $18.0 million.
Cash Flow Information
Supplemental cash flow information related to leases is as follows (in thousands):
Three Months Ended March 31,
20202019
Cash paid for long- and short-term leases  $1,788  $1,704  
Operating lease ROU assets obtained in exchange for lease obligations(1)
$704  $15,132  
(2)
(1) The amounts exclude amortization for the period.
(2) The amount includes approximately $14.1 million of operating lease ROU assets obtained in exchange for existing lease obligations due to the adoption of ASC 842.
Lease Costs
Other information related to lease terms and discount rates is as follows:
At March 31, 2020At December 31, 2019
Weighted average remaining lease term (in years)3.152.96
Weighted average discount rate5.25 %5.25 %
Components of lease expense, which are included in operating expenses, are as follows (in thousands):
Three Months Ended March 31,
20202019
Lease Cost:
Operating lease cost$1,372  $944  
Variable lease cost $445  $439  
Payments Due
Maturities of lease liabilities are summarized as follows as of March 31, 2020 (in thousands):
Year Ending December 31, Amount
2020 (excluding the three months ended March 31, 2020)$4,978  
20215,416  
20223,122  
20231,529  
2024564  
Thereafter328  
Total future minimum lease payments $15,937  
Amount representing interest 1,184  
Present value of future minimum lease payments$14,753  
Current operating lease obligations6,033  
Long-term lease obligations$8,720  
Sales-type lease
Supplemental balance sheet information related to our sales-type leases is as follows (in thousands):
Classification on our Balance SheetsAt March 31, 2020At December 31, 2019
Assets
Net investment in sales-type leases — currentTrade and other receivables, net$873  $874  
Net investment in sales-type leases — non-currentOther receivables$1,070  $1,288