Leases

9 Months Ended

Sep. 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		Nine Months Ended
	September 30, 2019		September 30, 2019
Operating lease expense	$	3,671	$	11,148
Finance lease expense:
Amortization of assets		244		733
Interest on lease liabilities		11		39
Short-term lease expense		89		223
Variable lease expense		681		2,101
Total lease expense	$	4,696	$	14,244

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

	September 30, 2019
Operating leases:
Operating lease ROU assets	$60,217
Current operating lease liabilities	12,235
Noncurrent operating lease liabilities	29,920
Total operating lease liabilities	$42,155
Finance leases:
Finance lease ROU assets	$3,396
Accumulated amortization	(1,680)
Finance lease ROU assets, net	$1,716
Current finance lease liabilities	$896
Non-current finance lease liabilities	367
Total finance lease liabilities	$1,263
Weighted average remaining lease term (in years):
Operating leases	4.6
Finance leases	1.5
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:

	Nine Months Ended
	September 30, 2019
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$14,728
Operating cash outflows from finance leases	39
Financing cash outflow from finance leases	912
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases	3,611

The table below sets forth information about lease liability maturities:

	September 30, 2019
	Operating Leases		Finance Leases
Remainder of 2019	$	3,535	$	230
2020		13,410		922
2021		9,476		139
2022		8,028		-
2023		4,437		-
2024		2,370		-
2025 and thereafter		4,785	-
Total lease payments		46,041		1,291
Less: imputed interest		(3,886)		(28)
Total lease obligations		42,155		1,263
Less: current obligations		(12,235)		(896)
Long-term lease obligations	$	29,920	$	367