LEASES (Tables)

6 Months Ended

Jun. 30, 2019

LEASES

Summary of leased assets and liabilities

$s in thousands	June 30, 2019
Assets:
Operating right-of-use assets (1)	$	17,575
Finance right-of-use assets (2)		3,028
Total	$	20,603
Liabilities:
Current:
Operating (3)	$	4,932
Finance (4)		837
Long-term:
Operating (5)		12,553
Finance (6)		2,269
Total	$	20,591

(1) Included in Operating lease assets in the Company’s consolidated balance sheets.

(2) Included in Property and equipment, net in the Company’s consolidated balance sheets. Finance right-of-use assets are recorded net of accumulated amortization of $1.5 million as of June 30, 2019.

(3) Included in Current portion of operating lease liabilities in the Company’s consolidated balance sheets.

(4) Included in Accrued liabilities in the Company’s consolidated balance sheets.

(5) Included in Long-term operating lease liabilities in the Company’s consolidated balance sheets.

(6) Included in Other long-term liabilities in the Company’s consolidated balance sheets.

Summary of lease cost

	Three Months Ended		Six Months Ended
$s in thousands	June 30, 2019		June 30, 2019
Operating lease cost (1)	$	1,713	$	3,455
Finance lease cost:
Amortization of leased assets (2)		248		476
Interest on lease liabilities (3)		30		50
Total	$	1,991	$	3,981

(1) Included in Direct operating costs and Selling, general, and administrative expenses in the Company’s consolidated statements of operations. Operating lease cost includes short-term leases, excluding expenses relating to leases with a term of one month or less, which are not material. Operating lease cost excludes variable lease costs which are not material.

(2) Included in Direct operating costs in the Company’s consolidated statements of operations.

(3) Included in Interest expense in the Company’s consolidated statements of operations.

Schedule of cash flow supplemental information

	Six Months Ended
$s in thousands	June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,238
Operating cash flows from finance leases		50
Financing cash flows from finance leases		408
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,397
Right-of-use assets obtained in exchange for new finance lease liabilities		1,844

Summary of weighted-average remaining lease term and discount rate

	June 30, 2019
Weighted-average remaining lease term (years):
Operating leases		5.6
Finance leases		3.7
Weighted-average discount rate:
Operating leases		4.38	%
Finance leases		3.71	%

Summary of future maturity of lease liability and its present value

	Operating		Finance
$s in thousands	Leases		Leases		Total
2019 (excluding the six months ended June 30, 2019)	$	2,936	$	484	$	3,420
2020		4,110		792		4,902
2021		3,663		619		4,282
2022		2,367		548		2,915
2023		1,886		612		2,498
Thereafter		5,157		354		5,511
Total	$	20,119	$	3,409	$	23,528
Less: Interest		2,634		303		2,937
Present value of lease liabilities	$	17,485	$	3,106	$	20,591

$s in thousands	Payments
2019	$	5,638
2020		3,644
2021		3,184
2022		1,885
2023		1,457
Thereafter		5,065
	$	20,873