Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Summary of Leases Table

The following table summarizes information related to the Partnership’s leases at September 30, 2019:

thousands except lease term and discount rate	Operating Leases			Finance Leases
Assets
Other assets	$	5,313		$	—
Net property, plant, and equipment	—			8,133
Total lease assets (1)	$	5,313		$	8,133
Liabilities
Accrued liabilities	$	3,037		$	—
Short-term debt	—			8,128
Other liabilities	3,151			—
Total lease liabilities (1)	$	6,188		$	8,128
Weighted-average remaining lease term (years)	4			1
Weighted-average discount rate	4.6		%	2.9		%

 

⁽¹⁾ 

Includes additions to ROU assets and lease liabilities of $8.5 million related to finance leases for the nine months ended September 30, 2019.

Summary of Lease Cost and Cash Flow Activity Tables

The following table summarizes the Partnership’s lease cost for the periods presented below:

thousands	Three Months Ended   September 30, 2019			Nine Months Ended   September 30, 2019
Operating lease cost	$	1,686		$	5,523
Variable lease cost	72			191
Sublease income	(104		)	(311		)
Finance lease cost
Amortization of ROU assets	241			321
Interest on lease liabilities	59			79
Total lease cost	$	1,954		$	5,803

 

The following table summarizes cash paid for amounts included in the measurement of lease liabilities for the nine months ended September 30, 2019:

thousands	Operating Leases		Finance Leases
Operating cash flows	$	5,634	$	60
Financing cash flows	—		253

 

Operating Leases Maturity Tables

The amounts in the table below represent contractual operating lease commitments at December 31, 2018, that may be assigned or otherwise charged to the Partnership pursuant to the reimbursement provisions of the omnibus agreement:

thousands
2019	$	8,711
2020	2,236
2021	460
2022	467
2023	473
Thereafter	1,547
Total lease payments	$	13,894

The following table reconciles the undiscounted cash flows to the operating and finance lease liabilities at September 30, 2019:

thousands	Operating Leases		Finance Leases
Remainder of 2019	$	1,408	$	313
2020	1,969		7,934
2021	612		—
2022	618		—
2023	625		—
Thereafter	1,658		—
Total lease payments	6,890		8,247
Less portion representing imputed interest	702		119
Total lease liabilities	$	6,188	$	8,128

Finance Leases Maturity Table

The following table reconciles the undiscounted cash flows to the operating and finance lease liabilities at September 30, 2019:

thousands	Operating Leases		Finance Leases
Remainder of 2019	$	1,408	$	313
2020	1,969		7,934
2021	612		—
2022	618		—
2023	625		—
Thereafter	1,658		—
Total lease payments	6,890		8,247
Less portion representing imputed interest	702		119
Total lease liabilities	$	6,188	$	8,128