Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Components of Lease Expense and Supplemental Cash Flow and Additional Information

he components of lease expense were as follows:

	Three Months Ended
(In thousands)	March 31 2020			March 31 2019
Finance leases:
Amortization expense	$	371		$	310
Interest on lease liabilities	52			4
Operating leases	4,284			3,693
Short-term leases	6,703			4,571
Variable lease expense	408			219
Sublease income	(50		)	(49		)
Total lease expense from continuing operations	$	11,768		$	8,748

Supplemental cash flow information related to leases was as follows:

	Three Months Ended
(In thousands)	March 31 2020		March 31 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities - Operating leases	$	3,789	$	3,552
Cash flows from financing activities - Finance leases	324		363
Right-of-use assets obtained in exchange for lease obligations:
Operating leases (a)	$	2,217	$	34,750
Finance leases	1,234		373

(a)

Cash flows for Three Months Ended March 31, 2019 include ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019.

Supplemental additional information related to leases is as follows:

	March 31 2020		December 31 2019
Other information:
Weighted average remaining lease term - Operating leases (in years)	11.81		11.57
Weighted average remaining lease term - Finance leases (in years)	3.89		4.01
Weighted average discount rate - Operating leases	6.3	%	6.3	%
Weighted average discount rate - Finance leases	4.3	%	4.2	%

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows: 

(In thousands)	March 31 2020		December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	50,491	$	52,065
Current portion of operating lease liabilities	12,421		$	12,544
Operating lease liabilities	35,561		36,974
Finance Leases:
Property, plant and equipment, net	$	4,291	$	3,519
Current maturities of long-term debt	1,346		$	1,237
Long-term debt	2,984		2,218

Maturities of Operating Lease Liabilities

Maturities of lease liabilities were as follows:

(In thousand)	Operating Leases			Finance Leases
Year Ending December 31st:
2020 (excluding the three months ended March 31, 2020)	$	11,458		$	1,069
2021	11,527			1,198
2022	7,615			941
2023	5,369			748
2024	3,210			587
After 2024	32,018			43
Total lease payments	71,197			4,586
Less: Imputed interest	(23,215		)	(256		)
Total	$	47,982		$	4,330

Maturities of Finance Lease Liabilities

Maturities of lease liabilities were as follows:

(In thousand)	Operating Leases			Finance Leases
Year Ending December 31st:
2020 (excluding the three months ended March 31, 2020)	$	11,458		$	1,069
2021	11,527			1,198
2022	7,615			941
2023	5,369			748
2024	3,210			587
After 2024	32,018			43
Total lease payments	71,197			4,586
Less: Imputed interest	(23,215		)	(256		)
Total	$	47,982		$	4,330

Future Minimum Payments Under Operating Leases with Noncancelable Terms

(In thousand)	Operating Leases			Finance Leases
Year Ending December 31st:
2020 (excluding the three months ended March 31, 2020)	$	11,458		$	1,069
2021	11,527			1,198
2022	7,615			941
2023	5,369			748
2024	3,210			587
After 2024	32,018			43
Total lease payments	71,197			4,586
Less: Imputed interest	(23,215		)	(256		)
Total	$	47,982		$	4,330