XML 57 R42.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Lease Cost
The following table provides the components of lease expense the periods indicated (in thousands):

Year Ended December 31,
20202019
Finance lease cost:
Amortization of ROU assets$2,547 $1,807 
Interest on lease liabilities300 295 
Operating lease cost2,718 2,933 
Short-term lease cost11,020 9,627 
Total lease expense$16,585 $14,662 
The following table provides supplemental cash flow and other information related to leases for the periods indicated (in thousands):
Year Ended December 31,
20202019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases (1)
$2,717 $2,934 
Operating cash flows from finance leases291 295 
Financing cash flows from finance leases2,336 1,697 
ROU assets obtained in exchange for new lease liabilities:
Finance leases (2)
11,412 4,148 
Operating leases819 12,006 
______________
(1)Amounts are included in Other operating activities on the consolidated cash flow statements.
(2)2020 amount consists of a finance lease agreements for 58 tractors with five year terms, 40 trailers with a six year term that we entered into in connection with the CTL acquisition (see Note 6 for further information) and other office equipment.

The following table provides the lease terms and discount rates for the periods indicated:

Year Ended December 31,
20202019
Weighted-average remaining lease term (years):
Finance leases4.163.03
Operating leases4.574.78
Weighted-average discount rate:
Finance leases3.0 %4.9 %
Operating leases4.3 %5.0 %
Schedule of Lease Assets and Liabilities
The following table provides supplemental balance sheet information related to leases at the dates indicated (in thousands):
December 31,
20202019
Assets
Finance lease ROU assets (1)
$15,251 $6,384 
Operating lease ROU assets8,051 9,576 
Liabilities
Current
Finance lease liabilities4,112 2,167 
Operating lease liabilities2,050 2,252 
Noncurrent
Finance lease liabilities11,507 4,376 
Operating lease liabilities6,000 7,323 
______________
(1)Amounts are included in Property and equipment, net on the consolidated balance sheets.
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table provides maturities of undiscounted lease liabilities at December 31, 2020 (in thousands):
Finance Operating
LeaseLease
2021$4,496 $2,343 
20223,562 2,002 
20232,764 1,821 
20241,969 1,700 
20252,992 222 
Thereafter802 675 
Total lease payments16,585 8,763 
Less: Interest(966)(713)
Present value of lease liabilities15,619 8,050 
Less: Current portion of lease obligation(4,112)(2,050)
Total long-term lease obligation$11,507 $6,000 
Schedule of Finance Lease, Liability, Maturity
The following table provides maturities of undiscounted lease liabilities at December 31, 2020 (in thousands):
Finance Operating
LeaseLease
2021$4,496 $2,343 
20223,562 2,002 
20232,764 1,821 
20241,969 1,700 
20252,992 222 
Thereafter802 675 
Total lease payments16,585 8,763 
Less: Interest(966)(713)
Present value of lease liabilities15,619 8,050 
Less: Current portion of lease obligation(4,112)(2,050)
Total long-term lease obligation$11,507 $6,000 
Schedule of Principal Contractual Commitments Outstanding Under our Capital Leases
The following table provides maturities of undiscounted lease liabilities at December 31, 2019 (in thousands):
Finance Operating
LeaseLease
2020$2,426 $2,660 
20212,426 2,256 
20221,492 1,914 
2023642 1,776 
202437 1,668 
Thereafter— 443 
Total lease payments7,023 10,717 
Less: Interest(480)(1,142)
Present value of lease liabilities6,543 9,575 
Less: Current portion of lease obligation(2,167)(2,252)
Total long-term lease obligation$4,376 $7,323 
Schedule of Principal Contractual Commitments Outstanding Under our Operating Leases
The following table provides maturities of undiscounted lease liabilities at December 31, 2019 (in thousands):
Finance Operating
LeaseLease
2020$2,426 $2,660 
20212,426 2,256 
20221,492 1,914 
2023642 1,776 
202437 1,668 
Thereafter— 443 
Total lease payments7,023 10,717 
Less: Interest(480)(1,142)
Present value of lease liabilities6,543 9,575 
Less: Current portion of lease obligation(2,167)(2,252)
Total long-term lease obligation$4,376 $7,323