XML 33 R20.htm IDEA: XBRL DOCUMENT v3.20.2
LEASES
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
LEASES
13. LEASES
We have commitments as lessees under lease arrangements primarily for real estate, equipment and vehicles. Our leases have remaining lease terms ranging from approximately 1 to 42 years.
The following table presents lease related costs:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Operating lease expense$1,229  $1,595  $2,364  $3,199  
Short-term lease expense160  672  450  1,732  
Variable lease expense264  605  1,104  897  
Lease expense from continuing operations1,653  2,872  3,918  5,828  
Finance lease expense—  79  —  158  
Operating lease expense—  925  —  1,850  
Lease expense from discontinued operations—  1,004  —  2,008  
Total lease expense$1,653  $3,876  $3,918  $7,836  
The following table presents information related to our operating leases as of and for the six months ended June 30, 2020:
Right-of-use assets, net$62,816  
Lease liabilities62,436  
Weighted average remaining lease term40.4 years
Weighted average incremental borrowing rate6.2 %
Cash paid for amounts included in the measurement of operating lease liabilities
Continuing operations$2,371  
Discontinued operations$—  
The following table presents future minimum lease payments under non-cancellable operating leases as of June 30, 2020:
Remainder of 2020$2,378  
20214,750  
20224,632  
20234,585  
20244,354  
Thereafter149,992  
Total undiscounted lease payments170,691  
Less: Imputed interest108,255  
Total lease liabilities$62,436  
During the six months ended June 30, 2020, we amended a lease agreement for real estate in connection with the Jefferson Refinancing. The amended lease had a ROU asset value of $59.8 million and a lease term of approximately 43 years at commencement.