Leases (Tables)

3 Months Ended

Mar. 31, 2020

Right-of-use Assets and Lease Liabilities

As of March 31, 2020 and December 31, 2019, the Company had the following right-of-use assets and lease liabilities within the Company’s Condensed Consolidated Balance Sheets:



		March 31, 2020		December 31, 2019
Assets	Balance Sheet Classification
Financing lease assets	Property, plant, and equipment, net	$	8,853	$	9,718
Operating lease right-of-use assets	Other non-current assets	7,255		8,678
Total lease assets		$	16,108	$	18,396

Liabilities	Balance Sheet Classification
Financing lease liabilities - current	Current portion of long-term debt	$	3,322	$	3,275
Operating lease liabilities - current	Accrued expenses and other current liabilities	1,462		1,813
Financing lease liabilities - long-term	Long-term debt	3,827		4,674
Operating lease liabilities - long-term	Other non-current liabilities	5,793		6,866
Total lease liabilities		$	14,404	$	16,628

Lease Costs and Other Information

Total lease costs and other lease information for the three months ended March 31, 2020 and 2019 included the following:



	Three Months Ended March 31,
	2020		2019
Lease cost ⁽¹⁾
Finance lease cost:
Amortization of leased assets	$	870	$	640
Interest on lease liabilities	104		44
Operating lease cost	579		1,139
Short-term lease cost	521		439
Total lease cost	$	2,074	$	2,262

⁽¹⁾ The Company had no variable lease costs or sublease income for the three months ended March 31, 2020 and 2019.



	Three Months Ended March 31,
	2020			2019
Other information
Cash paid for amounts included in the measurement of lease liabilities	$	2,009		$	2,258
Operating cash flows from finance leases	$	106		$	44
Operating cash flows from operating leases	$	1,100		$	1,579
Financing cash flows from finance leases	$	803		$	635
Right-of-use assets obtained in exchange for new finance lease liabilities	$	—		$	224

Lease Term and Discount Rate
Weighted-average remaining lease term in months - finance leases	28.0			48.3
Weighted-average remaining lease term in months - operating leases	102.4			80.4
Weighted-average discount rate - finance leases	5.4		%	3.2		%
Weighted-average discount rate - operating leases	11.3		%	10.5		%

Operating Lease Maturity

The following table summarizes the maturity of the Company’s lease liabilities on an undiscounted cash flow basis and a reconciliation to the lease liabilities recognized in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2020:



	Finance Leases			Operating Leases
Lease cost
Remainder of 2020	$	2,716		$	1,520
2021	2,985			1,495
2022	1,729			1,372
2023	184			1,126
2024	—			1,014
Thereafter	—			5,029
Total future minimum lease payments	$	7,614		$	11,556
Imputed interest	(465		)	(4,301		)
Present value of future minimum lease payments	$	7,149		$	7,255

Finance Lease Maturity



	Finance Leases			Operating Leases
Lease cost
Remainder of 2020	$	2,716		$	1,520
2021	2,985			1,495
2022	1,729			1,372
2023	184			1,126
2024	—			1,014
Thereafter	—			5,029
Total future minimum lease payments	$	7,614		$	11,556
Imputed interest	(465		)	(4,301		)
Present value of future minimum lease payments	$	7,149		$	7,255