Leases Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost [Table Text Block]

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

		Year Ended
		December 31,
( in thousands)	Classification	2019		2018
Operating lease cost (1)	Operations expense	$	2,577	$	3,339
Finance lease cost:
Amortization of lease assets	Depreciation and amortization	650		1,451
Interest on lease liabilities	Interest expense	5		49
Net lease cost		$	3,232	$	4,839

⁽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 consolidated balance sheet at December 31, 2019:

(in thousands)	Balance sheet classification	Amount
Assets
Operating lease assets	Operating lease right-of-use assets	$	11,563
Liabilities
Current
Operating lease liabilities	Other accrued liabilities	1,705
Noncurrent
Operating lease liabilities	Operating lease - liabilities	9,896
Total lease liabilities		$	11,601

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

The following table presents our weighted-average remaining lease term and weighted-average discount rate for our operating leases at December 31, 2019:

	December 31, 2019
Weighted-average remaining lease term (in years)
Operating leases	8.88
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 consolidated statements of cash flows as of December 31, 2019 and 2018:

	Year Ended December 31,
(in thousands)	2019		2018
Operating cash flows from operating leases	$	2,230	$	2,759
Operating cash flows from finance leases	$	5	$	49
Financing cash flows from finance leases	$	650	$	1,451

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

The following table presents the future undiscounted maturities of our operating leases at December 31, 2019 and for each of the next five years and thereafter:

(in thousands)	Operating Leases (1)
2020	$	2,104
2021	1,866
2022	1,716
2023	1,719
2024	1,463
Thereafter	4,916
Total lease payments	13,784
Less: Interest	2,183
Present value of lease liabilities	$	11,601

⁽¹⁾  Operating lease payments include $3.7 million related to options to extend lease terms that are reasonably certain of being exercised.