Leases

3 Months Ended

Mar. 31, 2020

Disclosure Text Block [Abstract]

Lessee, Operating Leases [Text Block]

NOTE 18 — Leases

We lease certain land, buildings and equipment under non-cancellable operating leases used in our operations. Operating lease assets represent our right to use an underlying asset for the lease term. Operating lease liabilities represent the present value of lease payments over the lease term, discounted using an estimate of our secured incremental borrowing rate because none of our leases contain a rate implicit in the lease arrangement.

Components of lease expense for the three months ended March 31, 2020 were as follows:

	Three Months Ended
	March 31,		March 31,
	2020		2019
Operating lease cost	$	1,199	$	994
Short-term lease cost	167		73
Total lease cost	$	1,366	$	1,067

Supplemental cash flow information related to leases was as follows:

	Three Months Ended
	March 31,		March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities	$	1,130	$	927
Leased assets obtained in exchange for new operating lease liabilities	$	1,179	$	2,961

Supplemental balance sheet information related to leases was as follows:

	As of
	March 31,			December 31,
	2020			2019
Balance Sheet Classification:
Operating lease obligations	$	3,178		$	2,787
Long-term operating lease obligations	25,078			24,926
Total lease liabilities	$	28,256		$	27,713
Weighted-average remaining lease terms (years)	8.68			9.04
Weighted-average discount rate	6.46		%	6.54		%

Remaining maturity of our existing lease liabilities as of March 31, 2020 is as follows:

	Operating Leases(1)
2020	$	3,514
2021	4,686
2022	4,547
2023	4,185
2024	4,075
Thereafter	16,950
Total	$	37,957
Less: interest	(9,701		)
Present value of lease liabilities	$	28,256

⁽¹⁾ Operating lease payments include $3,822 of payments related to options to extend lease terms that are reasonably expected to be exercised.