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Leases Leases (Tables)

6 Months Ended

Jun. 30, 2019

The components of lease expense were as follows for the three and six months ended June 30, 2019 (dollars in thousands):



	Three months ended June 30, 2019		Six months ended June 30, 2019
Operating lease cost:
Fixed lease cost (Other operating expenses)	$	1,106	$	2,209
Variable lease cost (Other operating expenses)	244		487
Total operating lease cost	$	1,350	$	2,696

Finance lease cost:
Amortization of ROU asset (Depreciation and amortization)	$	910	$	1,820
Interest on lease liabilities (Interest expense)	699		1,398
Total finance lease cost	$	1,609	$	3,218

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Supplemental cash flow information related to leases was as follows for the six months ended June 30 (dollars in thousands):



	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows:
Operating lease payments	$	4,197
Interest on finance lease	1,398
Total operating cash outflows	$	5,595

Finance cash outflows:
Principal payments on finance lease	$	1,330

Supplemental Balance Sheet Information Leases [Table Text Block]

Supplemental balance sheet information related to leases was as follows for June 30, 2019 (dollars in thousands):



	June 30,
	2019
Operating Leases
Operating lease ROU assets (Other property and investments-net and other non-current assets)	$	70,442

Other current liabilities	$	4,123
Other non-current liabilities and deferred credits	68,228
Total operating lease liabilities	$	72,351

Finance Leases
Finance lease ROU assets (Other property and investments-net and other non-current assets) (a)	$	52,800

Other current liabilities (b)	$	2,730
Other non-current liabilities and deferred credits (b)	53,150
Total finance lease liabilities	$	55,880

Weighted Average Remaining Lease Term
Operating leases	27.01 years
Finance leases	8.39 years

Weighted Average Discount Rate
Operating leases	3.82		%
Finance leases	4.88		%

(a)

At December 31, 2018, the finance lease ROU assets were included in "Net utility property" on the Condensed Consolidated Balance Sheet. Due to the adoption of ASC 842 on January 1, 2019, the Company has reclassified these amounts to "Other property and investments-net and other non-current assets" on the Condensed Consolidated Balance Sheet such that their presentation as of June 30, 2019 is consistent with operating leases.

(b)

At December 31, 2018, the finance lease liabilities were included in "Current portion of long-term debt" and "Long-term debt and capital leases" on the Condensed Consolidated Balance Sheet. Due to the adoption of ASC 842 on January 1, 2019, the Company has reclassified these amounts to "Other current liabilities" and "Other non-current liabilities and deferred credits" on the Condensed Consolidated Balance Sheet such that their presentation as of June 30, 2019 is consistent with operating leases.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Maturities of lease liabilities (including principal and interest) were as follows as of June 30, 2019 (dollars in thousands):



	Operating Leases			Finance Leases
Remainder 2019	$	4,170		$	2,726
2020	4,364			5,462
2021	4,367			5,457
2022	4,375			5,460
2023	4,391			5,456
Thereafter	95,939			54,574
Total lease payments	$	117,606		$	79,135
Less: imputed interest	(45,255		)	(23,255		)
Total	$	72,351		$	55,880

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

Future minimum lease payments (including principal and interest) under Topic 840 as of December 31, 2018 (dollars in thousands):



	Operating Leases		Finance Leases
2019	$	4,995	$	5,455
2020	4,876		5,462
2021	4,859		5,457
2022	4,782		5,460
2023	4,780		5,456
Thereafter	102,389		54,574
Total lease payments	$	126,681	$	81,864
Less: imputed interest	—		(24,654		)
Total	$	126,681	$	57,210

Finance Lease, Liability, Maturity [Table Text Block]

Maturities of lease liabilities (including principal and interest) were as follows as of June 30, 2019 (dollars in thousands):



	Operating Leases			Finance Leases
Remainder 2019	$	4,170		$	2,726
2020	4,364			5,462
2021	4,367			5,457
2022	4,375			5,460
2023	4,391			5,456
Thereafter	95,939			54,574
Total lease payments	$	117,606		$	79,135
Less: imputed interest	(45,255		)	(23,255		)
Total	$	72,351		$	55,880

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Future minimum lease payments (including principal and interest) under Topic 840 as of December 31, 2018 (dollars in thousands):



	Operating Leases		Finance Leases
2019	$	4,995	$	5,455
2020	4,876		5,462
2021	4,859		5,457
2022	4,782		5,460
2023	4,780		5,456
Thereafter	102,389		54,574
Total lease payments	$	126,681	$	81,864
Less: imputed interest	—		(24,654		)
Total	$	126,681	$	57,210