Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of lease-related assets and liabilities

The table below presents the lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheet:

(in thousands)	Classification	As of September 30, 2020			As of December 31, 2019
Assets
Non-Current
Operating	Operating lease right-of-use assets	$	50,873		$	45,691
Finance	Property and equipment, net		5,598			7,148
Total lease assets		$	56,471		$	52,839
Liabilities
Current
Operating	Current maturities of operating lease obligations	$	17,875		$	15,459
Financing	Current maturities of finance lease obligations		2,268			2,747
Non-Current
Operating	Operating lease obligations		32,431			29,785
Financing	Finance lease obligations		2,747			3,597
Total lease liabilities		$	55,321		$	51,588
Weighted-average remaining lease term:
Operating leases			4.2 years
Finance leases			2.7 years
Weighted-average discount rate:
Operating leases			3.91	%
Finance leases			5.02	%

Schedule of lease costs for finance and operating leases

The table below presents certain information related to the lease costs for finance and operating leases:

		Three months ended September 30,				Nine months ended September 30,
(in thousands)	Classification	2020		2019		2020		2019
Operating lease cost (1)	Administrative	$	5,760	$	5,225	$	16,972	$	15,266
Finance lease cost
Amortization of leased assets (2)	Cost of sales		856		1,144		2,762		3,955
Interest on finance lease obligations	Interest expense, net		64		84		207		268
Total lease costs		$	6,680	$	6,453	$	19,941	$	19,489

(1)  Includes variable lease costs of $0.6 million and $0.5 million for the three months ended September 30, 2020 and 2019, respectively, and $1.9 million and $1.5 million for the nine months ended September 30, 2020 and 2019, respectively, and short-term lease costs of $0.2 million for each of the three months ended September 30, 2020 and 2019, respectively, and $0.6 million for each of the nine months ended September 30, 2020 and 2019, respectively.

(2)  Includes variable lease costs of $0.2 million for each of the three months ended September 30, 2020 and 2019, respectively, and $0.6 million and $0.7 million for the nine months ended September 30, 2020 and 2019, respectively.

Schedule of Supplemental Cash flow information Related to Leases

The table below presents supplemental cash flow information related to leases (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	4,949	$	4,488	$	14,501	$	13,009
Operating cash flows for finance leases		64		84		207		268
Financing cash flows for finance leases		606		917		1,998		3,398

Schedule of Undiscounted Cash Flows

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years for the finance lease obligations and operating lease obligations recorded on the Condensed Consolidated Balance Sheet as of September 30, 2020 (in thousands):

	Finance Leases			Operating Leases
				Related Party		Other		Total Operating
Remainder of 2020	$	761		$	302	$	4,817	$	5,159
2021		2,203			1,061		17,319		18,340
2022		1,209			986		11,598		12,584
2023		848			534		6,467		7,001
2024		434			548		3,135		3,683
Thereafter		69			1,086		6,924		8,010
Total minimum lease payments		5,524		$	4,517	$	50,260		54,777
Less: Amounts representing executory costs		(103	)						—
Less: Amounts representing interest		(406	)						(4,471	)
Present value of future minimum lease payments		5,015							50,306
Less: Current obligation under leases		(2,268	)						(17,875	)
Long-term lease obligations	$	2,747						$	32,431