Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases

Schedule of operating lease balance sheet information

Leases		March 31,		December 31,
(in thousands)	Classification	2020		2019
Assets
Operating	Operating lease right-of-use asset	$	15,059	$	15,704
Finance	Finance lease right-of-use asset		53,441		54,048
Total lease assets		$	68,500	$	69,752
Liabilities
Current
Operating	Accrued liabilities	$	2,401	$	2,401
Finance	Accrued liabilities		—		—
Noncurrent
Operating	Operating lease liability		13,601		14,195
Finance	Finance lease liability		59,316		58,435
Total lease liabilities		$	75,318	$	75,031

Schedule of component of lease expense

		Three Months Ended			Three Months Ended
Lease Cost		March 31,			March 31,
(in thousands)	Classification	2020			2019
Fixed operating lease cost	Selling, general and administrative expenses	$	938	(a)	$	938	(a)
Finance lease cost	Amortization of right-of-use asset included in Selling, General and Administrative Expenses	$	607		$	607
Finance lease cost	Interest on lease liability	$	881		$	881

(a) Includes short-term leases, which are immaterial.

Schedule of maturity of lease liability

Maturity of Lease Liabilities	Operating		Finance
(in thousands)	Leases (a)		Leases (b)
Remainder of 2020	$	2,412	$	—
2021		3,197		—
2022		3,123		—
2023		2,230		3,543
2024		2,023		5,184
2025		2,052		5,340
2026		2,112		5,500
Thereafter		2,111		107,522
Total lease payments	$	19,260	$	127,089
Less: imputed interest		3,258		67,773
Total lease liabilities	$	16,002	$	59,316

(a) Operating lease payments include $12.0 million related to options to extend lease terms that are reasonably certain of being exercised.

(b) Finance lease payments include $75.8 million related to options to extend lease terms that are reasonably certain of being exercised.

Schedule of operating lease weighted average lease term and discount rate

Lease Term and Discount Rate	2020
Weighted-average remaining lease term (years)
Operating leases	6.4
Finance leases	22.0
Weighted-average discount rate
Operating leases	5.5	%
Finance leases	6.0	%

Schedule of operating lease supplemental cash flow information

	Three Months Ended		Three Months Ended
Other Information	March 31,		March 31,
(in thousands)	2020		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	864	$	531
Right-of-use asset obtained in exchange for lease obligations:
Operating lease	$	61	$	61