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 Assets and Liabilities The following table presents the lease balances within the Condensed Consolidated Balance Sheet as of March 31, 2019:
(in thousands)
 
Classification on the Balance Sheet
 
March 31, 2019
Assets
 
 
 
 
Operating lease assets
 
Operating lease right-of-use assets
 
$
33,277

Finance lease assets
 
Property, plant and equipment, net
 
8,058

 
 
 
 
 
Liabilities
 
 
 
 
Current
 
 
 
 
Operating lease liabilities
 
Current maturities of operating leases
 
15,123

Accrued expenses
 
Current maturities of finance leases
 
3,077

Long-term
 
 
 
 
Operating lease liabilities
 
Operating lease liabilities
 
18,621

Other long-term liabilities
 
Finance lease liabilities
 
$
4,981

 
 
 
 
 
Weighted average remaining lease term
 
 
 
 
Operating leases
 
 
 
2.3 years

Finance leases
 
 
 
2.7 years

Weighted average discount rate
 
 
 
 
Operating leases
 
 
 
5.2
%
Finance leases
 
 
 
3.7
%
Lease Liability Maturity The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Condensed Consolidated Balance Sheet as of March 31, 2019:
(in thousands)
 
Operating
Finance
April 1, 2019 through December 31, 2019
 
$
12,348

$
2,418

2020
 
10,065

2,698

2021
 
6,613

1,937

2022
 
3,734

827

2023
 
2,318

273

Thereafter
 
2,087

201

Total undiscounted future minimum lease payments
 
37,165

8,354

Less: Difference between lease payments and discounted lease liabilities
 
3,421

296

Total lease liabilities
 
$
33,744

$
8,058

Lease Liability Maturity The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Condensed Consolidated Balance Sheet as of March 31, 2019:
(in thousands)
 
Operating
Finance
April 1, 2019 through December 31, 2019
 
$
12,348

$
2,418

2020
 
10,065

2,698

2021
 
6,613

1,937

2022
 
3,734

827

2023
 
2,318

273

Thereafter
 
2,087

201

Total undiscounted future minimum lease payments
 
37,165

8,354

Less: Difference between lease payments and discounted lease liabilities
 
3,421

296

Total lease liabilities
 
$
33,744

$
8,058

Lease Cash Flows Supplemental cash flow information is as follows:
(in thousands)
 
Three months ended March 31, 2019
Operating cash flows from operating leases
 
$
5,742

Operating cash flows from finance leases
 
191

Financing cash flows from finance leases
 
660

Total
 
$
6,593