LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of ROU Assets and Lease Liabilities

The following table presents the Company’s right-of-use (ROU) assets and lease liabilities as of June 30, 2019: 

Lease Classification	Classification	June 30, 2019
Assets:
Operating	Other Assets	$	51,196
Financing	Other Assets	8,599
Total ROU assets		$	59,795
Liabilities:
Current:
Operating	Accounts payable and accrued liabilities	$	7,277
Financing	Accounts payable and accrued liabilities	2,888
Noncurrent:
Operating	Other long-term liabilities	45,921
Financing	Other long-term liabilities	7,958
Total lease liabilities		$	64,044

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of June 30, 2019 by fiscal year are as follows: 

Maturity of Lease Liabilities	Operating			Financing			Total
2019	$	5,418		$	1,683		$	7,101
2020	9,518			3,466			12,984
2021	8,533			2,866			11,399
2022	8,205			2,259			10,464
2023	6,773			1,747			8,520
Thereafter	27,942			—			27,942
Total lease payments	66,389			12,021			78,410
Less: Interest	(13,191		)	(1,175		)	(14,366		)
Present value of lease liabilities	$	53,198		$	10,846		$	64,044

Schedule of Maturities of Finance Lease Liabilities

Maturities of lease liabilities as of June 30, 2019 by fiscal year are as follows: 

Maturity of Lease Liabilities	Operating			Financing			Total
2019	$	5,418		$	1,683		$	7,101
2020	9,518			3,466			12,984
2021	8,533			2,866			11,399
2022	8,205			2,259			10,464
2023	6,773			1,747			8,520
Thereafter	27,942			—			27,942
Total lease payments	66,389			12,021			78,410
Less: Interest	(13,191		)	(1,175		)	(14,366		)
Present value of lease liabilities	$	53,198		$	10,846		$	64,044

Schedule of Lease Cost

Lease Cost	Classification	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating (1)	Operating Expenses	$	3,233	$	6,418
Financing:
Amortization	Operating Expenses	605		1,211
Interest expense	Operating Expenses	152		313
Total lease costs		$	3,990	$	7,942

 

(1)

Includes short-term leases and variable lease costs, both of which were not material.

Supplemental Cash Flow Information	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities:
Operating leases	$	3,712
Financing leases	$	312
Cash used in financing activities:
Financing leases	$	1,346
ROU assets obtained in exchange for lease obligations:
Operating leases	$	8,909
Financing leases	$	72

Schedule of Other Information

Other Information	June 30, 2019
Weighted average remaining lease term (in years):
Operating leases	8.2
Financing leases	3.8
Weighted average discount rate:
Operating leases	5.2		%
Financing leases	5.4		%
Additional leases not yet commenced (undiscounted):
Operating lease liability to commence in the second half of 2019	$	973

Schedule of Minimum Lease Payments for Future Years

Minimum lease payments for future years as of December 31, 2018 were as follows: 

2019	$	12,976
2020	12,549
2021	11,198
2022	10,574
2023	9,993
Thereafter	27,701
Total	$	84,991