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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

(table only in thousands)

 

December 31, 2019

 

Operating lease cost (a)

 

$

3,612

 

Finance lease cost:

 

 

 

 

   Amortization of right-of-use assets

 

 

309

 

   Interest on lease liability

 

 

360

 

Total finance lease cost

 

 

669

 

Total lease cost

 

$

4,281

 

(a) includes variable lease costs which are immaterial

 

 

 

 

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

(table only in thousands)

 

December 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

   Operating cash flows from operating leases

 

$

3,453

 

   Operating cash flows from finance leases

 

$

360

 

   Financing cash flows from finance leases

 

$

478

 

Right of use assets obtained in exchange for lease obligations

 

 

 

 

   Operating leases

 

$

3,547

 

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

(table only in thousands)

 

December 31, 2019

 

Operating leases

 

 

 

 

   Right-of-use assets from operating leases

 

$

13,607

 

 

 

 

 

 

   Accounts payable and accrued expenses

 

$

2,610

 

   Operating lease liabilities

 

 

11,116

 

     Total operating lease liabilities

 

$

13,726

 

 

 

 

 

 

Finance leases

 

 

 

 

   Property, plant and equipment, net

 

$

3,255

 

 

 

 

 

 

   Accounts payable and accrued expenses

 

$

516

 

   Other liabilities

 

 

7,340

 

     Total finance lease liabilities

 

$

7,856

 

Schedule of Lease Terms and Discount Rate

Weighted-average remaining lease term

 

 

 

 

   Operating leases

 

9 years

 

   Finance leases

 

12 years

 

Weighted-average discount rate

 

 

 

 

   Operating leases

 

5.3%

 

   Finance leases

 

4.5%

 

 

Schedule of Maturities of Lease Liabilities

As of December 31, 2019, maturities of lease liabilities were as follows:

 

(table only in thousands)

 

Operating Leases

 

 

Finance Leases

 

2020

 

 

3,161

 

 

 

855

 

2021

 

 

2,756

 

 

 

872

 

2022

 

 

2,103

 

 

 

889

 

2023

 

 

1,944

 

 

 

907

 

2024

 

 

1,778

 

 

 

925

 

Thereafter

 

 

4,810

 

 

 

5,484

 

Total minimum lease payments

 

$

16,552

 

 

$

9,932

 

Less imputed interest

 

 

(2,826

)

 

 

(2,076

)

Lease liability

 

$

13,726

 

 

$

7,856

 

Schedule of Future Minimum Lease Payments for Operating Leases

As previously disclosed in our Annual Report on Form 10-K, for the year ended December 31, 2018 and under previous lease accounting standards, future minimum lease payments for operating leases having initial or remaining noncancelable lease terms in excess of one year would have been as follows:

 

(table only in thousands)

 

December 31, 2018

 

2019

 

$

2,745

 

2020

 

 

1,880

 

2021

 

 

1,454

 

2022

 

 

931

 

2023

 

 

851

 

Thereafter

 

 

2,278

 

Total

 

$

10,139