Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Lease, Cost

The following table provides the components of lease expense for the period indicated (in thousands):

	Three Months
	Ended
	March 31,
	2019
Finance lease cost:
Amortization of ROU assets	$	245
Interest on lease liabilities	45
Operating lease cost	862
Short-term lease cost	1,965
Total lease expense	$	3,117

The following table provides supplemental cash flow and other information related to leases for the period indicated (in thousands):

	Three Months
	Ended
	March 31,
	2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases (1)	$	861
Financing cash flows from finance leases	218
ROU assets obtained in exchange for new lease liabilities:
Finance leases	556
Operating leases	11,410

______________

(1) Amount is included in Other operating activities on the unaudited condensed consolidated cash flow statement.

The following table provides the lease term and discount rate for the period indicated:

	Three Months
	Ended
	March 31,
	2019
Weighted-average remaining lease term (years):
Finance leases	4.21
Operating leases	5.41
Weighted-average discount rate:
Finance leases	4.7%
Operating leases	5.0%

Assets And Liabilities, Lessee

The following table provides supplemental balance sheet information related to leases at the date indicated (in thousands):

	March 31,
	2019
Assets
Finance lease assets (1)	$	4,354
Operating lease ROU assets	10,681
Liabilities
Current
Finance lease liabilities	1,002
Operating lease liabilities	2,160
Noncurrent
Finance lease liabilities	3,428
Operating lease liabilities	8,523

______________

(1) Amount is included in Property and equipment, net on the unaudited condensed consolidated balance sheet.

Lessee, Operating Lease, Liability, Maturity

The following table provides maturities of undiscounted lease liabilities at March 31, 2019 (in thousands):

	Finance		Operating
	Lease		Lease
Remainder of 2019	$	892	$	1,993
2020	1,177		2,498
2021	1,177		2,102
2022	1,034		1,770
2023	577		1,668
Thereafter	22		2,111
Total lease payments	4,879		12,142
Less: Interest	(449)		(1,459)
Present value of lease liabilities	4,430		10,683
Less: Current portion of lease obligation	(1,002)		(2,160)
Total long-term lease obligation	$	3,428	$	8,523

Finance Lease, Liability, Maturity

The following table provides maturities of undiscounted lease liabilities at March 31, 2019 (in thousands):

	Finance		Operating
	Lease		Lease
Remainder of 2019	$	892	$	1,993
2020	1,177		2,498
2021	1,177		2,102
2022	1,034		1,770
2023	577		1,668
Thereafter	22		2,111
Total lease payments	4,879		12,142
Less: Interest	(449)		(1,459)
Present value of lease liabilities	4,430		10,683
Less: Current portion of lease obligation	(1,002)		(2,160)
Total long-term lease obligation	$	3,428	$	8,523

Schedule of Principal Contractual Commitments Outstanding Under Capital Leases

The following table provides maturities of undiscounted lease liabilities at December 31, 2018 (in thousands):

	Finance		Operating
	Lease		Lease
2019	$	1,052	$	4,242
2020	1,052		2,258
2021	1,052		2,107
2022	909		1,782
2023	451		1,495
Thereafter	—		1,488
Total lease payments	4,516		$	13,372
Less: Interest	(424)
Present value of lease liabilities	4,092
Less: Current portion of lease obligation	(883)
Total long-term lease obligation	$	3,209

Schedule of Principal Contractual Commitments Outstanding Under Operating Leases

The following table provides maturities of undiscounted lease liabilities at December 31, 2018 (in thousands):

	Finance		Operating
	Lease		Lease
2019	$	1,052	$	4,242
2020	1,052		2,258
2021	1,052		2,107
2022	909		1,782
2023	451		1,495
Thereafter	—		1,488
Total lease payments	4,516		$	13,372
Less: Interest	(424)
Present value of lease liabilities	4,092
Less: Current portion of lease obligation	(883)
Total long-term lease obligation	$	3,209