Leases

3 Months Ended

Mar. 31, 2020

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		Three Months Ended
	March 31, 2020		March 31, 2019
Operating lease expense	$	3,730	$	3,704
Finance lease expense:
Amortization of assets		209		244
Interest on lease liabilities		7		15
Short-term lease expense		94		36
Variable lease expense		711		618
Total lease expense	$	4,751	$	4,617

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

	March 31, 2020	December 31, 2019
Operating leases:
Operating lease ROU assets	$53,933	$57,427
Current operating lease liabilities	11,633	12,554
Noncurrent operating lease liabilities	24,713	27,545
Total operating lease liabilities	$36,346	$40,099
Finance leases:
Finance lease ROU assets	$2,507	$3,396
Accumulated amortization	(1,671)	(1,924)
Finance lease ROU assets, net	$836	$1,472
Current finance lease liabilities	$818	$903
Non-current finance lease liabilities	–	138
Total finance lease liabilities	$818	$1,041
Weighted average remaining lease term (in years):
Operating leases	4.3	4.4
Finance leases	1.0	1.3
Weighted average discount rate:
Operating leases	3.8%	3.8%
Finance leases	3.0%	3.0%

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

	Three Months Ended	Three Months Ended
	March 31, 2020	March 31, 2019
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$4,018	$4,277
Operating cash outflows from finance leases	7	15
Financing cash outflow from finance leases	223	293
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases	127	86

The table below sets forth information about lease liability maturities:

	March 31, 2020
	Operating Leases		Finance Leases
Remainder of 2020	$	10,129	$	691
2021		9,674		139
2022		8,000		-
2023		4,452		-
2024		2,379		-
2025		2,286		-
2026 and thereafter		2,579	-
Total lease payments		39,499		830
Less: imputed interest		(3,153)		(12)
Total lease obligations		36,346		818
Less: current obligations		(11,633)		(818)
Long-term lease obligations	$	24,713	$	-