XML 52 R25.htm IDEA: XBRL DOCUMENT v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases, Capital [Abstract]  
Schedule of other information related to operating and finance leases
Lease costs and other information related to finance leases for the three months ended March 31, 2020 and 2019, are as follows (in millions):
 
 
Three Months Ended March 31,
 
 
2020
 
2019
Amortization of finance leases
 
$
1.4

 
$
1.3

Interest on lease liabilities
 
$
0.2

 
$
0.2

Financing cash outflows from finance leases
 
$
1.3

 
$
1.1

 
 
 
 
 
Weighted average remaining lease term
 
1.5 years

 
2.0 years

Weighted average discount rate
 
4.2
%
 
4.6
%
Lease costs associated with yard and field offices are included in Cost of Services and executive offices are included in General and administrative costs in the Condensed Consolidated Statements of Operations. Lease costs and other information related to operating leases for the three months ended March 31, 2020 and 2019, are as follows (in millions):
 
 
Three Months Ended March 31,
 
 
2020
 
2019
Short-term lease costs
 
$
0.8

 
$
2.2

Operating lease cost
 
$
0.7

 
$
0.7

Operating cash outflows from operating leases
 
$
0.7

 
$
0.8

 
 
 
 
 
Weighted average remaining lease term
 
5.8 years

 
5.5 years

Weighted average discount rate
 
9.3
%
 
9.4
%
Schedule of future minimum leases payments for operating leases
Aggregate future minimum lease payments under operating leases are as follows (in millions):
For the twelve months ending March 31,
 
Total
2021
 
$
2.1

2022
 
1.1

2023
 
0.9

2024
 
0.8

2025
 
0.8

Thereafter
 
2.2

Total future minimum lease payments
 
7.9

Less: amount representing interest
 
(1.8
)
Present value of future minimum lease payments
 
6.1

Less: current portion of operating lease obligations
 
(1.7
)
Long-term portion of operating lease obligations
 
$
4.4

Schedule of future minimum leases payments for finances leases
Aggregate future minimum lease payments under finance leases are as follows (in millions):
For the twelve months ending March 31,
 
Total
2021
 
$
5.3

2022
 
2.2

2023
 
0.6

2024
 
0.2

Total future minimum lease payments
 
8.3

Less: amount representing interest
 
(0.5
)
Present value of future minimum lease payments
 
7.8

Less: current portion of finance lease obligations
 
(4.9
)
Long-term portion of finance lease obligations
 
$
2.9