LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Components of lease and supplemental cash flow information

For the three months ended March 31, 2019, the components of operating lease expense were as follows:



Fixed operating lease expense	$	6,857
Variable operating lease expense	3,052
Total operating lease expense	$	9,909

Supplemental cash flow information related to the Company's operating leases for the three months ended March 31, 2019 was as follows:



Cash paid for amounts included in the measurement of operating lease liabilities	$	3,881
ROU assets obtained in exchange for operating lease obligations	—

For the three months ended March 31, 2019, the components of finance lease expense were as follows:



Amortization of right of use assets	$	3,914
Interest expense	555
Total finance lease expense	$	4,469

The following table presents the weighted average lease term and weighted average discount rate related to the Company's finance leases as of March 31, 2019:



Weighted average remaining lease term (in years)	2.06
Weighted average discount rate	5.38	%

Schedule of lease balances, weighted average lease terms and discount rates

The following table presents the lease balances within the Unaudited Consolidated Balance Sheet, weighted average lease term, and the weighted average discount rates related to the Company's operating leases at March 31, 2019:



Lease Assets and Liabilities	Classification
Assets:
Operating Lease ROU Assets	Other Assets	$	87,026

Liabilities:
Current:
Operating Lease Liabilities	Other Accrued Liabilities	$	19,600
Long-Term:
Operating Lease Liabilities	Operating Lease Liabilities	$	70,600
Total Operating Lease Liabilities		$	90,200

Weighted average remaining lease term (in years)		5.42
Weighted average discount rate		6.75		%

Schedule of future maturities of finance lease liabilities

The following table presents the future maturities of the Company's operating and finance lease liabilities, together with the present value of the net minimum lease payments, at March 31, 2019:



	Finance		Operating
	Leases		Leases
Remainder of 2019	$	13,566	$	19,751
2020	20,209		23,921
2021	6,541		23,134
2022	129		13,341
2023	108		6,504
Thereafter	5		22,113
Total minimum lease payments	40,558		108,764
Less amount representing interest	2,260		18,564
Present value of minimum lease payments	$	38,298	$	90,200

At March 31, 2019, certain finance leases for mining equipment are subleased to a third-party. The following table represents the minimum payments, including interest, for those finance subleases:



Remainder of 2019		2020		2021		2022		2033		Thereafter		Total
$	2,774	$	3,699	$	2,157	$	—	$	—	$	—	$	8,630

Schedule of future maturities of operating lease liabilities

At March 31, 2019, scheduled minimum rental payments for operating leases related to this equipment were as follows:



Remainder of 2019		2020		2021		2022		2033		Thereafter		Total
$	1,237	$	627	$	—	$	—	$	—	$	—	$	1,864

The following table presents the future maturities of the Company's operating and finance lease liabilities, together with the present value of the net minimum lease payments, at March 31, 2019:



	Finance		Operating
	Leases		Leases
Remainder of 2019	$	13,566	$	19,751
2020	20,209		23,921
2021	6,541		23,134
2022	129		13,341
2023	108		6,504
Thereafter	5		22,113
Total minimum lease payments	40,558		108,764
Less amount representing interest	2,260		18,564
Present value of minimum lease payments	$	38,298	$	90,200