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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases  
Lease Position

 

 

 

 

 

 

 

    

March 31,

 

 

 

2019

 

Classification on the Balance Sheet

 

(In thousands)

Assets

 

 

 

 

Operating lease assets

Other long-term assets

 

$

29,798

Total lease assets

 

 

$

29,798

 

 

 

 

 

Liabilities

 

 

 

 

Current liabilities:

 

 

 

 

Operating lease liabilities

Current lease liabilities

 

$

10,991

Noncurrent liabilities:

 

 

 

 

Operating lease liabilities

Other long-term liabilities

 

$

18,807

Total lease liabilities

 

 

$

29,798

 

Lease Costs

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

 

    

2019

 

 

(In thousands)

Operating lease cost

 

 

$

3,669

 

Short-term lease cost

 

 

 

1,390

 

Variable lease cost

 

 

 

 —

 

Total lease cost

 

 

$

5,059

 

 

Other Information

 

 

 

 

 

 

Three Months Ended March 31,

 

    

2019

 

 

(In thousands)

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

Operating cash flows for operating leases

 

$

3,669

 

Lease Terms and Discount Rates

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

 

    

2019

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

 

2.63 years

 

Weighted-average discount rate - operating leases

 

 

 

5.71%

 

 

Undiscounted Cash Flows

 

 

 

 

 

 

    

March 31, 2019

 

 

    

(In thousands)

 

2019

 

$

9,407

 

2020

 

 

8,846

 

2021

 

 

5,832

 

2022

 

 

3,301

 

2023

 

 

1,918

 

Thereafter

 

 

7,682

 

Total undiscounted lease liability

 

 

36,986

 

Less: amount of lease payments representing interest

 

 

(7,188)

 

Long-term lease obligations

 

$

29,798

 

 

Minimum rental commitments under non cancellable operating leases

 

 

 

 

 

    

December 31, 2018

 

    

(In thousands)

2019

 

$

10,701

2020

 

 

7,104

2021

 

 

3,774

2022

 

 

2,356

2023

 

 

1,538

Thereafter

 

 

7,482

Total minimum lease payments

 

$

32,955