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Adoption of ASC 842 (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of Components of Lease Expense, Supplemental Cash Flow Information Related to Leases and Other Lease-related Information

 

 

2019

 

 

 

(Dollars In Thousands)

 

Components of lease expense:

 

 

 

 

Operating lease cost

 

$

7,270

 

Short-term lease cost

 

 

2,665

 

Other cost (1)

 

 

64

 

Total lease cost

 

$

9,999

 

Supplemental cash flow information related to leases:

 

 

 

 

Operating cash flows from operating leases

 

$

7,677

 

Operating cash flows from finance leases

 

 

16

 

Financing cash flows from finance leases

 

 

61

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

7,754

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

5,967

 

Other lease-related information:

 

 

 

 

Weighted-average remaining lease term - operating leases (in years)

 

 

4.6

 

Weighted-average remaining lease term - finance leases (in years)

 

 

3.8

 

Weighted-average discount rate - operating leases

 

 

8.70

%

Weighted-average discount rate - finance leases

 

 

8.94

%

 

(1)

Includes variable and finance lease costs.

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2019 are as follows:

 

 

 

Operating Leases

 

 

 

(In thousands)

 

2020

 

$

5,189

 

2021

 

 

3,951

 

2022

 

 

3,282

 

2023

 

 

2,969

 

2024

 

 

1,715

 

Thereafter

 

 

1,603

 

Total lease payments

 

 

18,709

 

Less imputed interest

 

 

(3,239

)

Present value of lease liabilities

 

$

15,470