Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases

NOTE 10 – Leases

The Company leases certain assets used in its business, including land, buildings and equipment.  These leased assets are used for operational and administrative purposes.

The components of lease expense are set forth in the table below:

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
Operating lease expense	$	3,773	$	7,477
Finance lease expense:
Amortization of assets		245		489
Interest on lease liabilities		13		28
Short-term lease expense		98		134
Variable lease expense		802		1,420
Total lease expense	$	4,931	$	9,548

The table below sets forth supplemental balance sheet information related to leases:

	June 30, 2019
Operating leases:
Operating lease ROU assets	$63,919
Current operating lease liabilities	12,268
Noncurrent operating lease liabilities	33,506
Total operating lease liabilities	$45,774
Finance leases:
Finance lease ROU assets	$3,396
Accumulated amortization	(1,436)
Finance lease ROU assets, net	$1,960
Current finance lease liabilities	$941
Non-current finance lease liabilities	593
Total finance lease liabilities	$1,534
Weighted average remaining lease term (in years):
Operating leases	4.8
Finance leases	1.7
Weighted average discount rate:
Operating leases	3.8%
Finance leases	3.6%

The table below sets forth supplemental cash flow and other information related to leases:

	Six Months Ended
	June 30, 2019
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$10,154
Operating cash outflows from finance leases	28
Financing cash outflow from finance leases	588
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases	3,198

The table below sets forth information about lease liability maturities:

	June 30, 2019
	Operating Leases		Finance Leases
Remainder of 2019	$	7,002	$	513
2020		13,469		922
2021		9,522		138
2022		8,245		-
2023		4,566		-
2024		2,439		-
2025 and thereafter		4,922	-
Total lease payments		50,165		1,573
Less: imputed interest		(4,391)		(39)
Total lease obligations		45,774		1,534
Less: current obligations		(12,268)		(941)
Long-term lease obligations	$	33,506	$	593