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Leases
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases

NOTE 13. LEASES

We lease certain equipment, office space and land. Lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease.

The following table presents supplemental balance sheet information related to lease assets and liabilities:

 

(in thousands)

Classification

 

September 30, 2020

 

 

December 31, 2019

 

Assets

 

 

 

 

 

 

 

 

 

Operating lease assets

Other long-term assets

 

$

12,159

 

 

$

15,772

 

Finance lease assets1

Property, plant and equipment, net

 

 

7,086

 

 

 

2,360

 

Total lease assets

 

 

$

19,245

 

 

$

18,132

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

Operating lease liabilities

Accounts payable and accrued liabilities

 

$

4,538

 

 

$

4,998

 

Finance lease liabilities

Accounts payable and accrued liabilities

 

 

2,046

 

 

 

644

 

Noncurrent:

 

 

 

 

 

 

 

 

 

Operating lease liabilities

Other long-term obligations

 

 

7,651

 

 

 

10,775

 

Finance lease liabilities

Other long-term obligations

 

 

4,963

 

 

 

1,703

 

Total lease liabilities

 

 

$

19,198

 

 

$

18,120

 

 

 

 

 

 

 

 

 

 

 

 

1     Finance lease assets are presented net of accumulated amortization of $1.2 million and $0.3 million as of September 30, 2020 and December 31, 2019, respectively.

The following table presents the components of lease expense:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease costs1

 

$

1,413

 

 

$

1,576

 

 

$

4,252

 

 

$

4,497

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

432

 

 

80

 

 

 

905

 

 

126

 

Interest on lease liabilities

 

 

44

 

 

12

 

 

 

103

 

 

22

 

Net lease costs

 

$

1,889

 

 

$

1,668

 

 

$

5,260

 

 

$

4,645

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1     Excludes short-term leases and variable lease costs, which are immaterial

The following tables presents supplemental cash flow information related to leases:

 

 

 

 

Nine Months Ended September 30,

 

(in thousands)

 

 

2020

 

 

2019

 

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

 

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

4,244

 

 

$

4,503

 

Operating cash flows for finance leases

 

$

103

 

 

$

22

 

Financing cash flows for finance leases

 

$

968

 

 

$

121

 

Leased assets exchanged for new lease liabilities:

 

 

 

 

 

 

 

 

Operating leases

 

$

255

 

 

$

6,317

 

Finance leases

 

$

5,630

 

 

$

2,067