XML 85 R41.htm IDEA: XBRL DOCUMENT

Leases Leases (Tables)

9 Months Ended

Sep. 30, 2019

The following table presents information related to our total lease cost included in our condensed consolidated statements of income:



		Three Months Ended				Nine Months Ended
		September 30,				September 30,
( in thousands)	Classification	2019		2018		2019		2018
Operating lease cost ⁽¹⁾	Operations expense	$	638	$	1,055	$	1,926	$	2,860
Finance lease cost:
Amortization of lease assets	Depreciation and amortization	—		364		650		1,083
Interest on lease liabilities	Interest expense	—		11		5		42
Net lease cost		$	638	$	1,430	$	2,581	$	3,985

⁽¹⁾ Includes short-term leases and variable lease costs, which are immaterial

Schedule of Leases Reported on Consolidated Statement of Financial Position [Table Text Block]

The following table presents the balance and classifications of our right of use assets and lease liabilities included in our condensed consolidated balance sheet at September 30, 2019:



(in thousands)	Balance sheet classification	Amount
Assets
Operating lease assets	Operating lease right-of-use assets	$	12,004
Total lease assets		$	12,004
Liabilities
Current
Operating lease liabilities	Other accrued liabilities	$	1,694
Noncurrent
Operating lease liabilities	Operating lease - liabilities	10,392
Total lease liabilities		$	12,086

Leases, Weighted Average Remaining Lease Term [Table Text Block]

The following table presents our weighted-average remaining lease terms and weighted-average discount rates for our operating and financing leases at September 30, 2019:



	At September 30, 2019
Weighted-average remaining lease term (in years)
Operating leases	8.9
Weighted-average discount rate
Operating leases	3.8	%

Lease, Cash Flow [Table Text Block]

The following table presents additional information related to cash paid for amounts included in the measurement of lease liabilities included in our condensed consolidated statements of cash flows as of September 30, 2019 and 2018:



	Nine Months Ended
	September 30,
(in thousands)	2019		2018
Operating cash flows from operating leases	$	1,580	$	2,272
Operating cash flows from finance leases	$	5	$	42
Financing cash flows from finance leases	$	650	$	1,083

Schedule of Maturities of Leases [Table Text Block]

The following table presents the future undiscounted maturities of our operating and financing leases at September 30, 2019 and for each of the next five years and thereafter:



(in thousands)	Operating Leases ⁽¹⁾		Finance Leases		Total
Remainder of 2019	$	612	$	—	$	612
2020	2,104		—		2,104
2021	1,866		—		1,866
2022	1,705		—		1,705
2023	1,709		—		1,709
2024	1,463		—		1,463
Thereafter	4,916		—		4,916
Total lease payments	$	14,375	$	—	$	14,375
Less: Interest	2,289		—		2,289
Present value of lease liabilities	$	12,086	$	—	$	12,086

⁽¹⁾ Operating lease payments include $3.9 million related to options to extend lease terms that are reasonably certain of being exercised.

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

The following table presents future minimum lease payments for our operating leases at December 31, 2018 under ASC 840 and is being presented for comparative purposes:



Year(s)	2019	2020	2021	2022	2023	Thereafter	Total
(in thousands)
Expected payments	$2,335	$1,993	$1,761	$1,689	$1,642	$5,397	$14,817