Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Lease Assets and Liabilities
The following table presents the lease balances within the Condensed Consolidated Balance Sheet as of June 30, 2020:
(in thousands) Classification on the Balance Sheet June 30, 2020 December 31, 2019
Assets
Operating lease assets Operating lease right-of-use assets $ 38,469    $ 39,380   
Finance lease assets Property, plant and equipment, net 5,395    6,789   
Liabilities
Current
Operating lease liabilities Current maturities of operating leases 10,298    12,038   
Accrued expenses Current maturities of finance leases 2,435    2,743   
Long-term
Operating lease liabilities Operating lease liabilities 28,759    27,665   
Other long-term liabilities Finance lease liabilities $ 2,960    $ 4,046   
Weighted average remaining lease term
Operating leases 5.7 years 5.6 years
Finance leases 2.5 years 2.6 years
Weighted average discount rate
Operating leases 6.4  % 6.3  %
Finance leases 3.9  % 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 June 30, 2020:
(in thousands) Operating Finance
July 1, 2020 through December 31, 2020 $ 6,604    $ 1,404   
2021 7,479    2,186   
2022 6,506    1,175   
2023 5,845    590   
2024 4,671    249   
Thereafter 17,374    —   
Total undiscounted future minimum lease payments 48,479    5,604   
Less: Difference between lease payments and discounted lease liabilities 9,422    209   
Total lease liabilities $ 39,057    $ 5,395   
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 June 30, 2020:
(in thousands) Operating Finance
July 1, 2020 through December 31, 2020 $ 6,604    $ 1,404   
2021 7,479    2,186   
2022 6,506    1,175   
2023 5,845    590   
2024 4,671    249   
Thereafter 17,374    —   
Total undiscounted future minimum lease payments 48,479    5,604   
Less: Difference between lease payments and discounted lease liabilities 9,422    209   
Total lease liabilities $ 39,057    $ 5,395   
Lease Cash Flows
Supplemental cash flow information is as follows:
(in thousands) For the six months ended June 30,
2020 2019
Operating cash out flows from operating leases $ 9,804    $ 10,804   
Operating cash out flows from finance leases 86    234   
Financing cash out flows from finance leases 1,026    1,590   
Total $ 10,916    $ 12,628