Leases (Tables)

12 Months Ended

Dec. 31, 2019



	Year Ended
$'s in 000's	December 31, 2019
Finance lease cost
Amortization of right-of-use assets	$	1,441
Interest on lease liabilities		308
Operating lease cost		4,833
Variable lease cost(1)		629
Short-term lease cost		41
Sublease income		(452)
Total lease cost	$	6,800

⁽¹⁾

Variable lease cost primarily relates to common area maintenance, property taxes and insurance on leased real estate.


			December 31, 2019
Weighted-average remaining lease term (years)
Operating leases			5.15
Finance leases			2.73
Weighted-average discount rate
Operating leases			5.3%
Finance leases			5.7%


	Lease Obligations
$'s in 000's	Operating Leases		Finance Leases
2020	$	5,706	$	1,771
2021		4,920		1,329
2022		4,682		1,150
2023		3,910		1,072
2024		2,394		16
Thereafter		2,928		3
Total minimum future obligations	$	24,540	$	5,341
Less interest		(3,341)		(437)
Present value of net future minimum obligations		21,199		4,904
Less current lease obligations		(4,619)		(1,573)
Long-term lease obligations	$	16,580	$	3,331



	Year Ended
$'s in 000's	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	308
Operating cash flows from operating leases		4,568
Financing cash flows from finance leases		1,547
(Noncash) right-of-use assets obtained in exchange for lease obligations
Operating leases		5,368
Finance leases		(3,006)


	Lease Obligations
$'s in 000's	Operating Leases		Capital Leases
2019	$	3,318	$	1,615
2020		2,685		1,296
2021		1,894		605
2022		1,765		433
2023		1,478		123
Thereafter		134		—
Total minimum future obligations	$	11,274	$	4,072
Less imputed interest				(298)
Total lease obligations				3,774
Less current obligations				(1,455)
Long-term lease obligations			$	2,319

The effect of the changes made to our consolidated balance sheet as of January 1, 2019 for the adoption of the new lease standard was as follows:


	Balance at		Adjustments due		Balance at
$'s in 000's	December 31, 2018		to ASC 842		January 1, 2019
ASSETS
Property and equipment, net (1)	$	27,335	$	—	$	27,335
Operating lease right-of-use assets		—		10,424		10,424
Other non-current assets		2,857		(116)		2,741

LIABILITIES
Current portion of operating leases	$	—	$	2,921	$	2,921
Operating Leases, less current installments		—		7,644		7,644
Current portion of long-term debt and finance leases(2)		2,251		—		2,251
Finance leases, less current installments		2,319		—		2,319
Other non-current liabilities		524		(257)		267

⁽¹⁾

Finance lease right-of-use assets of $4.5 million are included in property and equipment, net, on the consolidated balance sheets.

⁽²⁾

Current portion of long-term debt and finance leases includes $1.5 million of current portion of finance leases.

In accordance with the new lease standard requirements, the disclosure of the impact of adoption on our consolidated balance sheet was as follows:


		December 31, 2019
			Balance excluding
			the adoption of		Effect of
$'s in 000's	As Reported		ASC 842		change
ASSETS
Property and equipment, net (1)	$	52,525	$	52,525	$	—
Operating lease right-of-use assets		20,785		—		(20,785)
Other non-current assets		3,214		3,276		62

LIABILITIES
Current portion of operating leases	$	4,619	$	—	$	(4,619)
Operating leases, less current installments		16,580		—		(16,580)
Current portion of long-term debt and finance leases(2)		3,821		3,821		—
Finance leases, less current installments		3,331		3,331		—
Other non-current liabilities		117		485		368

⁽¹⁾

Finance lease right-of-use assets of $5.8 million are included in property and equipment, net, on the condensed consolidated balance sheets.

⁽²⁾

Current portion of long-term debt and finance leases includes $1.5 million of current portion of finance leases.