Cash Flow Information

12 Months Ended

Dec. 31, 2019

Supplemental Cash Flow Elements [Abstract]

CASH FLOW INFORMATION

Cash payments for income taxes and cash payments for interest incurred related to our debt are as follows:



	Years Ended December 31,
(in thousands)	2019		2018		2017
Cash information:
Cash paid for income taxes	$	26,464	$	27,191	$	8,698
Cash paid for interest	36,085		21,899		—

Supplemental cash flow information related to our lease liabilities is as follows:



(in thousands)	Statement of Cash Flows Classification	December 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating leases ⁽¹⁾	Operating	$	12,026
Finance leases - interest	Operating	439
Finance leases - principal	Financing	5,555
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Operating leases ⁽²⁾	Non-cash	$	38,225
Finance leases ⁽³⁾	Non-cash	6,412

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⁽¹⁾Cash required by operating leases is reported net of operating lease expense in the operating section of our consolidated statements of cash flows in “Accrued expenses and other liabilities.”

(2) Operating lease additions include lease liabilities recognized at the time of adoption. Refer to Note 2—New Accounting Standards for additional information.

(3) Capital lease additions were $4.4 million and $4.6 million for the years ended December 31, 2018 and 2017, respectively.

Lease Program

Our ESP leased asset program is reported in our Production & Automation Technologies segment. At the time of purchase, assets are recorded to inventory and are transferred to property, plant, and equipment when a customer contracts for an asset under our lease program. During the year ended December 31, 2019 and 2018, we transferred $75.7 million and $97.0 million of inventory into property, plant, and equipment as a result of assets entering our lease program.

Expenditures for surface equipment are reported in “Capital expenditures” in the investing section of our consolidated statement of cash flows. During the years ended December 31, 2019, 2018, and 2017 we made cash payments of $16.0 million, $26.7 million, and $14.5 million, respectively, for surface equipment. Expenditures for cable and downhole equipment are reported in “Leased assets” in the operating section of our consolidated statement of cash flows. Additionally, the recovery of the carrying value from the sale of assets on lease is presented in “Leased assets” in the operating section of our consolidated statements of cash flows.

Sale of Property

In March 2019, we completed the sale of an individual property previously classified as held for sale in our Production & Automation Technologies segment. Net proceeds of $2.1 million were received upon the close of the transaction, resulting in a gain that was not material to the consolidated statement of income during the year ended December 31, 2019.

In December 2019, we completed the sale of an individual property in our Production & Automation Technologies segment. Net proceeds of $0.8 million were received upon the close of the transaction, resulting in a gain of $0.6 million during the year ended December 31, 2019.

Sale of Business

Refer to Note 6—Dispositions for information related to our sale of our pressure vessel manufacturing business in our Production & Automation Technologies segment in June 2019.

In October 2018, we closed on the sale of our Fisher Pump business and related property. Net proceeds of $2.5 million were received upon the close of the transaction, resulting in a gain of $1.3 million during the year ended December 31, 2018.