Recently Issued Accounting Standards (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Schedule of Leased Assets and Liabilities

Leased assets and liabilities include the following:

Description	Location	SEPTEMBER 30 2019
Assets
Operating	Operating lease right-of-use assets	$	11,721
Finance	Property, plant and equipment, net (a)	238
Liabilities
Current
Operating	Other current liabilities	$	1,413
Finance	Current maturities of long-term debt	161
Noncurrent
Operating	Operating lease liabilities	12,669
Finance	Long-term debt	93

^(a) Finance leased assets are recorded net of accumulated amortization of $3.0 million as of September 30, 2019.

Lease Expense

The components of lease expense were as follows:

		THREE MONTHS ENDED		NINE MONTHS ENDED
		SEPTEMBER 30		SEPTEMBER 30
Description	Location	2019		2019
Lease expense
Operating lease cost	Selling, general and administrative expenses	$	569	$	1,783
Finance lease cost:
Amortization of leased assets	Cost of sales	104		300
Interest on lease liabilities	Interest expense	4		10
Variable lease expense	Selling, general and administrative expenses	141		416
Short-term lease expense	Selling, general and administrative expenses	79		242
Net lease expense		$	897	$	2,751

Operating Leases, Future Minimum Payments

Future minimum finance and operating lease payments were as follows at September 30, 2019:

	Finance Leases		Operating Leases		Total
Remainder of 2019	$	119	$	612	$	731
2020	58		2,229		2,287
2021	37		2,125		2,162
2022	37		2,150		2,187
2023	16		1,659		1,675
Subsequent to 2023	—		10,951		10,951
Total minimum lease payments	267		19,726		$	19,993
Amounts representing interest	13		5,644
Present value of net minimum lease payments	$	254	$	14,082

Finance Leases, Future Minimum Payments

Future minimum finance and operating lease payments were as follows at September 30, 2019:

	Finance Leases		Operating Leases		Total
Remainder of 2019	$	119	$	612	$	731
2020	58		2,229		2,287
2021	37		2,125		2,162
2022	37		2,150		2,187
2023	16		1,659		1,675
Subsequent to 2023	—		10,951		10,951
Total minimum lease payments	267		19,726		$	19,993
Amounts representing interest	13		5,644
Present value of net minimum lease payments	$	254	$	14,082

Assumptions Used for Leases

The assumptions used in accounting for ASC 842 were as follows for the three and nine months endedSeptember 30, 2019:

	THREE MONTHS ENDED		NINE MONTHS ENDED
	September 30		September 30
	2019		2019
Weighted average remaining lease term (years)
Operating	9.76		9.76
Finance	1.95		1.95
Weighted average discount rate
Operating	6.99	%	6.99	%
Finance	5.36	%	5.36	%

Supplemental Cash Flow Information

The following table details cash paid for amounts included in the measurement of lease liabilities for the three and nine months endedSeptember 30:

	THREE MONTHS ENDED		NINE MONTHS ENDED
	September 30		September 30
	2019		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	608	$	1,768
Operating cash flows from finance leases	4		10
Financing cash flows from finance leases	115		347