Leases (Tables)

3 Months Ended

Mar. 31, 2019

The components of lease expense were as follows:



		Three Months Ended
Lease Cost	Classification	March 31, 2019
Operating lease cost (a)	General and administrative expenses	$	724
Finance lease cost:
Amortization of leased assets	Depreciation and amortization	546
Interest on lease liabilities	Interest expense, net	63
Variable lease cost	General and administrative expenses	1,066
Sublease income	Other income, net	(51		)
Total net lease cost		$	2,348


(a)	Includes short-term leases which represented $0.2 million of the balance.

Supplemental balance sheet, cash flow and other information related to leases was as follows (in thousands, except lease term and discount rate):



Leases	Classification	March 31, 2019
Assets:
Operating lease assets	Operating lease assets	$	4,103
Finance lease assets	Property, plant and equipment, net of accumulated depreciation (a)	5,220
Total leased assets		$	9,323

Liabilities:
Current
Operating lease liabilities	Accrued and other current liabilities	$	1,945
Finance lease liabilities	Current portion of long-term debt	1,826
Noncurrent
Operating lease liabilities	Noncurrent operating lease liabilities	2,180
Finance lease liabilities	Long-term debt	3,627
Total lease liabilities		$	9,578


(a)	Finance lease assets are recorded net of accumulated amortization of $0.5 million as of March 31, 2019.



Lease Term and Discount Rate	March 31, 2019
Weighted-average remaining lease term (in years):
Operating leases	18.0
Finance leases	5.2

Weighted-average discount rate:
Operating leases	8.92	%
Finance leases	6.89	%



Supplemental Disclosure of Cash Flow Information and Other Information	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	724
Operating cash flows from finance leases	63
Financing cash flows from finance leases	414

Leased assets obtained in exchange for new operating lease liabilities	$	—
Leased assets obtained in exchange for new finance lease liabilities	3,962

Maturities of lease liabilities were as follows:



	March 31, 2019
	Operating Leases (a)			Finance Leases (b)
2019	$	1,869		$	1,332
2020	1,530			1,458
2021	430			748
2022	289			748
2023	164			1,089
Thereafter	6,759			1,673
Total lease payments	11,041			7,048
Less amount representing executory costs (c)	(114		)	—
Net lease payments	10,927			7,048
Less amount representing interest	(6,802		)	(1,595		)
Present value of total lease liabilities	4,125			5,453
Less current lease liabilities	(1,945		)	(1,826		)
Long-term lease liabilities	$	2,180		$	3,627


(a)	Operating lease payments include $0.0 million related to options to extend lease terms that are reasonably certain of being exercised.


(b)	Finance lease payments include $1.7 million related to options to extend lease terms that are reasonably certain of being exercised.


(c)	Represents executory costs for all leases. We included executory costs in lease payments under ASC 840, and have elected to continue to include executory costs for both leases that commenced before and after the effective date of ASC 842.

Maturities of lease liabilities were as follows:



	March 31, 2019
	Operating Leases (a)			Finance Leases (b)
2019	$	1,869		$	1,332
2020	1,530			1,458
2021	430			748
2022	289			748
2023	164			1,089
Thereafter	6,759			1,673
Total lease payments	11,041			7,048
Less amount representing executory costs (c)	(114		)	—
Net lease payments	10,927			7,048
Less amount representing interest	(6,802		)	(1,595		)
Present value of total lease liabilities	4,125			5,453
Less current lease liabilities	(1,945		)	(1,826		)
Long-term lease liabilities	$	2,180		$	3,627


(a)	Operating lease payments include $0.0 million related to options to extend lease terms that are reasonably certain of being exercised.


(b)	Finance lease payments include $1.7 million related to options to extend lease terms that are reasonably certain of being exercised.


(c)	Represents executory costs for all leases. We included executory costs in lease payments under ASC 840, and have elected to continue to include executory costs for both leases that commenced before and after the effective date of ASC 842.

As of December 31, 2018, future minimum lease payments, by year and in the aggregate, under all noncancellable leases were as follows:



	December 31, 2018
	Operating Leases		Capital Leases
2019	$	2,415	$	1,287
2020	1,453		718
2021	431		—
2022	294		—
2023	164		—
Thereafter	6,755		—
Total lease payments	$	11,512	2,005
Less amount representing executory costs			(30		)
Net lease payments			1,975
Less amount representing interest			(90		)
Present value of net lease payments			$	1,885

As of December 31, 2018, future minimum lease payments, by year and in the aggregate, under all noncancellable leases were as follows:



	December 31, 2018
	Operating Leases		Capital Leases
2019	$	2,415	$	1,287
2020	1,453		718
2021	431		—
2022	294		—
2023	164		—
Thereafter	6,755		—
Total lease payments	$	11,512	2,005
Less amount representing executory costs			(30		)
Net lease payments			1,975
Less amount representing interest			(90		)
Present value of net lease payments			$	1,885