Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Lease Cost and Supplemental Information Related to Leases
The components of lease expense were as follows (in thousands of dollars):
 
 
March 31, 2019
Operating lease cost
 
$
3,074

 
 
 

Finance lease cost:
 
 

   Amortization of ROU assets
 
92

   Interest on lease liabilities
 
87

     Total finance lease cost
 
179

 
 
 
Short-term lease cost
 
$
179


Supplemental cash flow information related to leases was as follows (in thousands of dollars):
 

March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 

   Operating cash flows for operating leases
 
$
2,856

   Operating cash flows for finance leases
 
116

   Financing cash flows for finance leases
 
122

 
 
 

ROU assets obtained in exchange for lease obligations:
 
 

  Operating leases
 
29,965

  Finance leases
 
$
2,529

Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows (in thousands of dollars, except lease term and discount rate):
 
 
March 31, 2019
Operating Leases
 
 

Operating lease ROU assets
 
$
25,581

 
 
 

Other current liabilities
 
7,766

Long-term operating lease liabilities
 
17,820

   Total operating lease liabilities
 
$
25,586

 
 
 
Finance Leases
 
 

Property and equipment, net
 
2,434

 
 
 

Other current liabilities
 
578

Long-term finance lease liabilities
 
3,895

   Total finance lease liabilities
 
$
4,473

 
 
 

Weighted Average Remaining Lease Term
 
 

Operating leases
 
4 years

Finance leases
 
7 years

 
 
 

Weighted Average Discount Rate
 
 

Operating leases
 
8.8
%
Finance leases
 
8.2
%
Maturities of Lease Liabilities
Maturities of lease liabilities were as follows at March 31, 2019 (in thousands of dollars):
 
 
Operating Leases
 
Finance Leases
Remainder of 2019
 
$
7,377

 
$
693

2020
 
8,574

 
884

2021
 
7,634

 
829

2022
 
4,809

 
812

2023
 
1,177

 
753

Thereafter
 
1,623

 
1,936

   Total lease payments
 
31,194

 
5,907

Less: imputed interest
 
(5,608
)
 
(1,434
)
   Total
 
$
25,586

 
$
4,473

Maturities of Lease Liabilities
Maturities of lease liabilities were as follows at March 31, 2019 (in thousands of dollars):
 
 
Operating Leases
 
Finance Leases
Remainder of 2019
 
$
7,377

 
$
693

2020
 
8,574

 
884

2021
 
7,634

 
829

2022
 
4,809

 
812

2023
 
1,177

 
753

Thereafter
 
1,623

 
1,936

   Total lease payments
 
31,194

 
5,907

Less: imputed interest
 
(5,608
)
 
(1,434
)
   Total
 
$
25,586

 
$
4,473