Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases

Schedule of finance and operating lease asset and liability balances

As of December 31, 2019, the Company’s finance and operating lease asset and liability balances were as follows (in thousands):

	2019
Finance leases:
Land, property and equipment, gross	$	5,177
Accumulated depreciation		(2,134)
Land, property and equipment, net	$	3,043
Current portion of finance lease obligations	$	615
Long-term portion of finance lease obligations		2,715
Total finance lease liabilities	$	3,330
Operating leases:
Operating lease right-of-use assets (1)	$	28,627
Current portion of operating lease obligations	$	3,359
Long-term portion of operating lease obligations		26,206
Total operating lease liabilities	$	29,565

The Company’s operating lease ROU assets are comprised of the following (in thousands):

	December 31, 2019
	Assets		Liabilities
Real estate for fueling stations	$	17,978	$	17,978
LNG plant, office spaces and warehouses		10,624		11,562
Office equipment		25		25
Total operating lease right-of-use assets	$	28,627	$	29,565

Schedule of components of lease expense for finance and operating lease liabilities and supplemental information

The components of lease expense for finance and operating leases consisted of the following (in thousands):

	Year Ended
	December 31, 2019
Finance leases:
Depreciation on assets under finance leases	$	498
Interest on lease liabilities		189
Total finance leases expense	$	687
Operating leases:
Lease expense	$	6,630
Lease expense on short-term leases		1,950
Variable lease expense		2,755
Sublease income		(206)
Total operating leases expense	$	11,129

Supplemental information on finance and operating leases is as follows (dollars in thousands):

	Year Ended
	December 31, 2019
Operating cash outflows from finance leases	$	189
Operating cash outflows from operating leases	$	5,350
Financing cash outflows from finance leases	$	1,667
Assets obtained in exchange for new finance lease liabilities (1)	$	519
ROU assets obtained in exchange for operating lease liabilities (1)	$	31,861

	December 31, 2019
Weighted-average remaining lease term - finance leases	4.49 years
Weighted-average remaining lease term - operating leases	11.10 years
Weighted-average discount rate - finance leases	5.09%
Weighted-average discount rate - operating leases	8.29%

Schedule of maturities of operating lease liabilities

The following schedule represents the Company’s maturities of finance and operating lease liabilities as of December 31, 2019 (in thousands):

	Finance Leases		Operating Leases
Fiscal year:
2020	$	767	$	5,484
2021		679		4,658
2022		560		3,736
2023		462		3,712
2024		1,026		3,704
Thereafter		314		25,208
Total minimum lease payments		3,808		46,502
Less amount representing interest		(478)		(16,937)
Present value of lease liabilities	$	3,330	$	29,565

Schedule of maturities of finance lease liabilities

	Finance Leases		Operating Leases
Fiscal year:
2020	$	767	$	5,484
2021		679		4,658
2022		560		3,736
2023		462		3,712
2024		1,026		3,704
Thereafter		314		25,208
Total minimum lease payments		3,808		46,502
Less amount representing interest		(478)		(16,937)
Present value of lease liabilities	$	3,330	$	29,565

Schedule of maturities of lease receivables

The following schedule represents the Company’s maturities of lease receivables as of December 31, 2019 (in thousands):

Fiscal year:
2020	$	186
2021		186
2022		186
2023		186
2024		186
Thereafter		1,054
Total minimum lease payments		1,984
Less amount representing interest		(935)
Present value of lease receivables	$	1,049

Schedule of future minimum lease obligations for all noncancelable operating leases

The following schedule represents the Company’s future minimum lease obligations under all noncancelable operating leases as of December 31, 2018 (in thousands):

Fiscal year:
2019	$	6,340
2020		4,332
2021		3,311
2022		2,409
2023		2,300
Thereafter		13,214
Total future minimum lease payments	$	31,906

Schedule of future payments under the capital leases

As of December 31, 2018, future payments under these capital leases were as follows (in thousands):

Fiscal year:
2019	$	883
2020		742
2021		656
2022		540
2023		529
Thereafter		1,868
Total minimum lease payments		5,218
Less amount representing interest		(749)
Capital lease obligations		4,469
Less current portion		(693)
Capital lease obligations, less current portion	$	3,776

Schedule of future receipts under the leases

As of December 31, 2018, future receipts under this lease were as follows (in thousands):

Fiscal year:
2019	$	186
2020		186
2021		186
2022		186
2023		186
Thereafter		1,240
Capital lease receivables		2,170
Less amount representing interest		(1,080)
Capital lease receivables, less current portion	$	1,090