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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Lease Costs

The Company’s lease costs are recorded in cost of contract revenues and general and administrative expenses. For the three and six months ended June 30, 2019, lease costs are as follows:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 2019

 

 

June 30, 2019

 

Operating lease cost

$

6,336

 

 

$

12,575

 

Short-term lease cost

 

16,718

 

 

 

32,286

 

Total lease cost

$

23,054

 

 

$

44,861

 

Schedule of Maturity Analysis of Operating Lease Liabilities

The Company’s maturity analysis of its operating lease liabilities, recorded on the balance sheet, as of June 30, 2019 is as follows:

 

 

 

 

 

 

 

 

2019

 

$

12,630

 

 

2020

 

 

22,883

 

 

2021

 

 

18,737

 

 

2022

 

 

13,290

 

 

2023

 

 

8,613

 

Thereafter

 

 

9,046

 

Minimum lease payments

 

 

85,199

 

Imputed interest

 

 

10,564

 

Present value of minimum operating lease payments

 

$

74,635

 

Future Minimum Operating Lease Payments

Future minimum operating lease payments at December 31, 2018, were as follows:

 

 

2019

 

$

26,554

 

 

2020

 

 

22,349

 

 

2021

 

 

18,430

 

 

2022

 

 

13,552

 

 

2023

 

 

9,041

 

Thereafter

 

 

8,697

 

Total minimum operating lease payments

 

$

98,623

 

Schedule of Additional Information Related to Leases

Additional information related to the Company’s leases as of June 30, 2019 is as follows:

 

 

June 30, 2019

 

Weighted average remaining lease term

4.3 years

 

Weighted average discount rate

 

6.8

%

Supplemental Information Related to Leases

Supplemental information related to leases during the three and six months ended June 30, 2019 is as follows:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 2019

 

 

June 30, 2019

 

Operating cash flows from operating leases

$

(7,118

)

 

$

(13,538

)

Operating lease liabilities arising from obtaining new operating lease assets

$

3,179

 

 

$

3,248