XML 41 R24.htm IDEA: XBRL DOCUMENT v3.19.2
Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table presents supplemental balance sheet information related to our financing and operating leases:
in thousands
 
As of June 30, 2019
 
 
Finance Leases

 
Operating Leases

Right-of-use Assets
 
$
1,113

 
$
23,024

 
 
 
 
 
Liabilities
 
 
 
 
Short-term lease liabilities
 
438

 
8,171

Long-term lease liabilities
 
574

 
15,895

Total Liabilities
 
$
1,012

 
$
24,066

Lease, Cost
Other information related to leases was as follows:
in thousands

Six Months Ended June 30, 2019
Supplemental Cash Flows Information

 


 
Cash paid for amounts included in the measurement of lease liabilities:

 
    Operating cash flows from operating leases

$
8,631

    Operating cash flows from finance leases

38

     Financing cash flows from finance leases

227




Weighted Average Remaining Lease term






Operating leases

3.0

Finance leases

3.5




Weighted Average Discount Rate


Operating leases

4.74
%
Finance leases

6.91
%
he components of lease expense were as follows:
in thousands

Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
Operating lease cost

$
2,378

 
$
4,593




 

Finance lease cost


 

       Amortization of right-of-use assets

86
 
150

       Interest on lease liabilities

19
 
38

Total Finance lease cost

105

 
188

Variable lease cost

840

 
1,377

Total lease cost

$
3,323

 
$
6,158

Operating Lease, Liability, Maturity
The maturities of the Company’s finance and operating lease liabilities as of June 30, 2019 are as follows: 
in thousands
 
Operating Leases

 
Finance Leases

Year Ending December 31,
 


 

2019 (excluding the quarter ended March 31, 2019)
 
$
4,769

 
$
257

2020
 
7,997

 
389

2021
 
5,850

 
195

2022
 
3,960

 
146

2023
 
2,190

 
108

2024
 
1,397

 

   Total future minimum lease payments
 
26,163

 
1,095

Less: Imputed interest
 
2,097

 
83

      Total lease liabilities
 
$
24,066

 
$
1,012



As previously disclosed in our 2018 10-K and under the previous lease accounting standard, ASC 840, Leases, the total commitment for non-cancelable operating and finance leases was $35.0 million and $1.3 million as of December 31, 2018:
in thousands

Operating Leases

Finance Leases
Year Ending December 31,



 
2019

$
9,645


$
748

2020

8,815


307

2021

7,425


131

2022

5,456


133

2023

2,349


104

Thereafter

1,328



   Total future minimum lease payments

$
35,018


$
1,423






Less: imputed interest



$
120






   Total



$
1,303






Finance Lease, Liability, Maturity
in thousands

Operating Leases

Finance Leases
Year Ending December 31,



 
2019

$
9,645


$
748

2020

8,815


307

2021

7,425


131

2022

5,456


133

2023

2,349


104

Thereafter

1,328



   Total future minimum lease payments

$
35,018


$
1,423






Less: imputed interest



$
120






   Total



$
1,303