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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases  
Schedule of components of lease expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

$'s in 000's

 

March 31, 2020

 

March 31, 2019

Finance lease cost

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

391

 

$

290

Interest on lease liabilities

 

 

82

 

 

50

Operating lease cost

 

 

1,831

 

 

910

Variable lease cost(1)

 

 

175

 

 

72

Short-term lease cost

 

 

 5

 

 

14

Sublease income

 

 

(75)

 

 

 —

Total lease cost

 

$

2,409

 

$

1,336

 

Schedule of other information related to leases

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

 

March 31, 2019

Weighted-average remaining lease term (years)

 

 

 

 

 

 

Operating leases

 

 

4.82

 

 

3.95

Finance leases

 

 

2.80

 

 

2.65

Weighted-average discount rate

 

 

 

 

 

 

Operating leases

 

 

5.3%

 

 

5.0%

Finance leases

 

 

5.8%

 

 

5.5%

 

Summary of annual future commitments under non-cancelable leases

 

 

 

 

 

 

 

 

 

Lease Obligations

$'s in 000's

    

Operating Leases

    

Finance Leases

Remainder of 2020

 

$

4,452

 

$

1,237

2021

 

 

5,137

 

 

1,411

2022

 

 

4,829

 

 

1,225

2023

 

 

4,036

 

 

1,196

2024

 

 

2,516

 

 

150

Thereafter

 

 

2,957

 

 

23

Total minimum future obligations

 

$

23,927

 

$

5,242

Less interest

 

 

(2,874)

 

 

(426)

Present value of net future minimum obligations

 

 

21,053

 

 

4,816

Less current lease obligations

 

 

(4,770)

 

 

(1,591)

Long-term lease obligations

 

$

16,283

 

$

3,225

 

 

 

 

 

 

 

 

Supplemental cash flow information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

$'s in 000's

 

March 31, 2020

 

March 31, 2019

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from finance leases

 

$

82

 

$

50

Operating cash flows from operating leases

 

 

1,798

 

 

880

Financing cash flows from finance leases

 

 

394

 

 

371

(Noncash) right-of-use assets obtained in exchange for lease obligations

 

 

 

 

 

 

Operating leases

 

 

1,696

 

 

 —

Finance leases

 

 

381

 

 

210