Leases (Tables)
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12 Months Ended |
Dec. 31, 2019 |
Leases [Abstract] |
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Schedule of leases |
During 2019, we entered into $12.1 million of new operating lease liabilities in exchange for leased assets. | | | | Lease Term and Discount Rate | December 31, 2019 | Weighted-average remaining lease term (years) | | Operating leases | 8.5 |
| Finance leases | 3.7 |
| Weighted-average discount rate | | Operating leases | 4.8 | % | Finance leases | 4.5 | % |
Leases consisted of the following: | | | | | | (In thousands) | Balance Sheet Classification | December 31, 2019 | Assets: | | | Operating | Operating lease assets | $ | 32,009 |
| Finance | Property, plant and equipment, net | 1,135 |
| Total lease assets | | $ | 33,144 |
| Liabilities: | | | Current: | | | Operating | Accrued liabilities | $ | 6,105 |
| Finance | Current debt | 287 |
| Noncurrent: | | | Operating | Noncurrent operating lease liabilities | $ | 26,946 |
| Finance | Long-term debt, less current portion | 829 |
| Total lease liabilities | | $ | 34,167 |
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Maturity of lease liabilities, finance leases |
The maturity of lease liabilities as of December 31, 2019 is as follows: | | | | | | | | | | | | | (In thousands) | Operating Leases | | Finance Leases | | Total | 2020 | $ | 7,528 |
| | $ | 330 |
| | $ | 7,858 |
| 2021 | 5,932 |
| | 329 |
| | 6,261 |
| 2022 | 4,351 |
| | 329 |
| | 4,680 |
| 2023 | 3,199 |
| | 221 |
| | 3,420 |
| 2024 | 2,760 |
| | — |
| | 2,760 |
| Thereafter | 17,165 |
| | — |
| | 17,165 |
| Total lease payments | 40,935 |
| | 1,209 |
| | 42,144 |
| Less: Interest | 7,884 |
| | 93 |
| | 7,977 |
| Present value of lease liabilities | $ | 33,051 |
| | $ | 1,116 |
| | $ | 34,167 |
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Maturity of lease liabilities, operating leases |
The maturity of lease liabilities as of December 31, 2019 is as follows: | | | | | | | | | | | | | (In thousands) | Operating Leases | | Finance Leases | | Total | 2020 | $ | 7,528 |
| | $ | 330 |
| | $ | 7,858 |
| 2021 | 5,932 |
| | 329 |
| | 6,261 |
| 2022 | 4,351 |
| | 329 |
| | 4,680 |
| 2023 | 3,199 |
| | 221 |
| | 3,420 |
| 2024 | 2,760 |
| | — |
| | 2,760 |
| Thereafter | 17,165 |
| | — |
| | 17,165 |
| Total lease payments | 40,935 |
| | 1,209 |
| | 42,144 |
| Less: Interest | 7,884 |
| | 93 |
| | 7,977 |
| Present value of lease liabilities | $ | 33,051 |
| | $ | 1,116 |
| | $ | 34,167 |
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Maturity of lease liabilities, non-cancelable operating leases |
Future minimum payments under capital leases were not significant. | | | | | (In thousands) | | 2019 | $ | 9,112 |
| 2020 | 5,707 |
| 2021 | 4,630 |
| 2022 | 3,816 |
| 2023 | 3,144 |
| Thereafter | 4,507 |
| | $ | 30,916 |
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