Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

Note 9 – 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:

	Twelve Months Ended
	December 31, 2019
Operating lease expense	$	14,824
Finance lease expense:
Amortization of assets		978
Interest on lease liabilities		48
Short-term lease expense		336
Variable lease expense		2,663
Total lease expense	$	18,849

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

	December 31, 2019
Operating leases:
Operating lease ROU assets	$	57,427
Current operating lease liabilities		12,554
Noncurrent operating lease liabilities		27,545
Total operating lease liabilities	$	40,099
Finance leases:
Finance lease ROU assets	$	3,396
Accumulated amortization		(1,924	)
Finance lease ROU assets, net	$	1,472
Current finance lease liabilities	$	903
Non-current finance lease liabilities		138
Total finance lease liabilities	$	1,041
Weighted average remaining lease term (in years):
Operating leases		4.4
Finance leases		1.3
Weighted average discount rate:
Operating leases		3.8	%
Finance leases		3.0	%

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

	Twelve Months Ended
	December 31, 2019
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$	18,325
Operating cash outflows from finance leases		48
Financing cash outflow from finance leases		1,082
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases		3,956

The table below sets forth information about lease liability maturities:

	December 31, 2019
	Operating Leases			Finance Leases
2020	$	13,779		$	922
2021		9,766			138
2022		8,276			-
2023		4,537			-
2024		2,433			-
2025		2,328			-
2026 and thereafter		2,573			-
Total lease payments		43,692			1,060
Less: imputed interest		(3,593	)		(19	)
Total lease obligations		40,099			1,041
Less: current obligations		(12,554	)		(903	)
Long-term lease obligations	$	27,545		$	138