On January 1, 2019, we adopted ASC 842 using the additional transition method option provided by ASU 2018-11. Under this transition method, we applied the new accounting guidance on the date of adoption. Upon adoption, a cumulative effect adjustment was not required; however, the effect of this guidance on our consolidated financial statements impacted our balance sheet presentation by increasing the amount of our noncurrent assets for the inclusion of right-of-use assets of $15.9 million and increasing the amount of our liabilities for the inclusion of the associated lease obligations of $15.9 million, most of which were classified as noncurrent.

Under the transition option we elected, ASC 842 is applied only to the most current period presented in the financial statements and our reporting for the comparative periods presented in the financial statements continue to be in accordance with Topic 840, including disclosures. Upon adoption, we elected the following accounting policies or practical expedients related to ASC 842:

We determine if an arrangement is a lease at inception. Since our leases generally do not provide an implicit rate, we use our incremental borrowing rate based on the lease term and other information available at the commencement date in determining the present value of lease payments. Lease expense is recognized on a straight-line basis over the lease term. Currently, most of our leases are classified as operating leases under which we are the lessee and primarily relate to railcars, other equipment and office space. In addition, our leases that are classified as finance leases (previously classified as capital leases) and other leases under which we are the lessor are not material. Most of our leases do not include options to extend or terminate the lease prior to the end of the term. As of June 30, 2019, we did not have any material operating leases with lease terms greater than one year that have not yet commenced.

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
	(Dollars In Thousands)
Components of lease expense:
Operating lease cost	$	1,907	$	3,754
Short-term lease cost		550		1,255
Other cost (1)		14		33
Total lease cost	$	2,471	$	5,042
Supplemental cash flow information related to leases:
Operating cash flows from operating leases			$	3,928
Operating cash flows from finance leases				8
Financing cash flows from finance leases				44
Cash paid for amounts included in the measurement of lease liabilities			$	3,980

Right-of-use assets obtained in exchange for new operating lease liabilities			$	1,276
Other lease-related information:
Weighted-average remaining lease term - operating leases (in years)				4.3
Weighted-average remaining lease term - finance leases (in years)				4.3
Weighted-average discount rate - operating leases				8.96	%
Weighted-average discount rate - finance leases				8.94	%

(1)

Includes variable and finance lease costs.

	Operating Leases
	(In thousands)
For the remainder of 2019	$	3,652
2020		4,150
2021		2,819
2022		2,164
2023		1,865
Thereafter		2,606
Total lease payments		17,256
Less imputed interest		(3,239	)
Present value of lease liabilities	$	14,017

As previously disclosed in our 2018 Form 10-K and under Topic 840, future minimum lease payments on operating leases having initial or remaining terms one year or more at December 31, 2018 were as follows:

	Operating Leases
	(In thousands)
2019	$	6,674
2020		3,547
2021		2,364
2022		1,949
2023		1,696
Thereafter		2,530
Total minimum lease payments	$	18,760

Additionally, under Topic 840, expenses associated with our operating lease agreements, including month-to-month leases, for the three and six months ending June 30, 2018 were approximately $2.7 million and $4.9 million, respectively.