XML 52 R34.htm IDEA: XBRL DOCUMENT

Leases (Tables)

9 Months Ended

Sep. 30, 2019

The components of our total lease expense for the three and nine months ended September 30, 2019, the majority of which is included in general and administrative expense, are as follows (in thousands):

	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Operating lease cost	$	3,382		$	9,671
Variable lease expense ⁽¹⁾		1,369			3,723
Short-term lease expense ⁽²⁾		918			2,088
Sublease income		(874	)		(2,622	)
Total lease expense	$	4,795		$	12,860

Short-term lease costs ⁽³⁾	$	6,085		$	23,177

⁽¹⁾

^{Variable lease payments that are not dependent on an index or rate are not included in the lease liability or ROU assets.}

⁽²⁾

^{Short-term lease expense represents expense related to leases with a contract term of one year or less.}

⁽³⁾

^{These short-term lease costs are related to leases with a contract term of one year or less and the majority of which are related to drilling rigs and are capitalized as part of natural gas and oil properties on our balance sheets.}

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to our operating leases is included in the table below (in thousands):

Nine Months

Ended

September 30,

2019

Cash paid for amounts included in the measurement of lease liabilities

11,752

ROU assets added in exchange for lease obligations (since adoption)

2,971

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to our operating leases is included in the table below (in thousands):

		September 30, 2019
Operating lease ROU assets	$	47,214
Accrued liabilities – current	$	(12,683	)
Operating lease liabilities – long-term	$	(40,350	)

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating Leases

Our weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:

September 30,

2019

Weighted average remaining lease term

6.0 years

Weighted average discount rate

6.3%

Schedule of Lease Liabilities with Enforceable Contract Terms are Greater Than One year Mature

Our lease liabilities with enforceable contract terms that are greater than one year mature as follows (in thousands):

		Operating Leases
Remainder of 2019	$	3,936
2020		14,699
2021		11,208
2022		6,990
2023		6,500
Thereafter		21,730
Total lease payments		65,063
Less effects of discounting		(12,030	)
Total lease liability	$	53,033