Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Lease Assets and Liabilities The following table presents the lease balances within the Condensed Consolidated Balance Sheet as of September 30, 2020:
(in thousands) Classification on the Balance Sheet September 30, 2020 December 31, 2019
Assets
Operating lease assets Operating lease right-of-use assets $ 36,485  $ 39,380 
Finance lease assets Property, plant and equipment, net 4,880  6,789 
Liabilities
Current
Operating lease liabilities Current maturities of operating leases 9,080  12,038 
Accrued expenses Current maturities of finance leases 2,343  2,743 
Long-term
Operating lease liabilities Operating lease liabilities 28,225  27,665 
Other long-term liabilities Finance lease liabilities $ 2,538  $ 4,046 
Weighted average remaining lease term
Operating leases 5.6 years 5.6 years
Finance leases 2.6 years 2.6 years
Weighted average discount rate
Operating leases 6.4  % 6.3  %
Finance leases 4.3  % 3.0  %
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 September 30, 2020:
(in thousands) Operating Finance
October 1, 2020 through December 31, 2020 $ 3,154  $ 731 
2021 7,737  2,242 
2022 6,777  1,218 
2023 5,996  620 
2024 4,788  277 
Thereafter 17,384 
Total undiscounted future minimum lease payments 45,836  5,089 
Less: Difference between lease payments and discounted lease liabilities 8,531  208 
Total lease liabilities $ 37,305  $ 4,881 
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 September 30, 2020:
(in thousands) Operating Finance
October 1, 2020 through December 31, 2020 $ 3,154  $ 731 
2021 7,737  2,242 
2022 6,777  1,218 
2023 5,996  620 
2024 4,788  277 
Thereafter 17,384 
Total undiscounted future minimum lease payments 45,836  5,089 
Less: Difference between lease payments and discounted lease liabilities 8,531  208 
Total lease liabilities $ 37,305  $ 4,881 
Lease Cash Flows
Supplemental cash flow information is as follows:
(in thousands) For the nine months ended September 30,
2020 2019
Operating cash out flows from operating leases $ 13,596  $ 15,664 
Operating cash out flows from finance leases 149  306 
Financing cash out flows from finance leases 2,009  2,165 
Total $ 15,754  $ 18,135