Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease, Cost

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

	Three Months		Six Months
	Ended		Ended
	June 30,		June 30,
	2019		2019
Finance lease cost:
Amortization of ROU assets	$	456	$	701
Interest on lease liabilities	81		127
Operating lease cost	717		1,579
Short-term lease cost	2,863		4,828
Total lease expense	$	4,117	$	7,235

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

	Six Months
	Ended
	June 30,
	2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases (1)	$	1,274
Operating cash flows from finance leases	94
Financing cash flows from finance leases	651
ROU assets obtained in exchange for new lease liabilities:
Finance leases	4,148
Operating leases	11,111

______________

(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:

	Six Months
	Ended
	June 30,
	2019
Weighted-average remaining lease term (years):
Finance leases	3.52
Operating leases	5.24
Weighted-average discount rate:
Finance leases	4.9%
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):

	June 30,
	2019
Assets
Finance lease assets (1)	$	7,490
Operating lease ROU assets	10,093
Liabilities
Current
Finance lease liabilities	2,116
Operating lease liabilities	2,097
Noncurrent
Finance lease liabilities	5,473
Operating lease liabilities	7,999

______________

(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 June 30, 2019 (in thousands):

	Finance		Operating
	Lease		Lease
Remainder of 2019	$	1,213	$	1,280
2020	2,426		2,498
2021	2,426		2,102
2022	1,492		1,770
2023	642		1,668
Thereafter	37		2,112
Total lease payments	8,236		11,430
Less: Interest	(647)		(1,334)
Present value of lease liabilities	7,589		10,096
Less: Current portion of lease obligation	(2,116)		(2,097)
Total long-term lease obligation	$	5,473	$	7,999

Finance Lease, Liability, Maturity

The following table provides maturities of undiscounted lease liabilities at June 30, 2019 (in thousands):

	Finance		Operating
	Lease		Lease
Remainder of 2019	$	1,213	$	1,280
2020	2,426		2,498
2021	2,426		2,102
2022	1,492		1,770
2023	642		1,668
Thereafter	37		2,112
Total lease payments	8,236		11,430
Less: Interest	(647)		(1,334)
Present value of lease liabilities	7,589		10,096
Less: Current portion of lease obligation	(2,116)		(2,097)
Total long-term lease obligation	$	5,473	$	7,999

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