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Adoption of ASC 842 (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Components of Lease Expense, Supplemental Cash Flow Information Related to Leases and Other Lease-related Information

 

 

Three Months Ended

 

 

 

March 31, 2019

 

 

 

(Dollars In Thousands)

 

Components of lease expense:

 

 

 

 

Operating lease cost

 

$

1,848

 

Short-term lease cost

 

 

705

 

Other cost (1)

 

 

18

 

Total lease cost

 

$

2,571

 

Supplemental cash flow information related to leases:

 

 

 

 

Operating cash flows from operating leases

 

$

1,799

 

Operating cash flows from finance leases

 

 

4

 

Financing cash flows from finance leases

 

 

36

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

1,839

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

938

 

Other lease-related information:

 

 

 

 

Weighted-average remaining lease term - operating leases (in years)

 

 

4.3

 

Weighted-average remaining lease term - finance leases (in years)

 

 

4.5

 

Weighted-average discount rate - operating leases

 

 

8.96

%

Weighted-average discount rate - finance leases

 

 

8.94

%

 

 

(1)

Includes variable and finance lease costs.

 

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

 

 

 

Operating

Leases

 

 

 

(In thousands)

 

For the remainder of 2019

 

$

5,404

 

2020

 

 

3,997

 

2021

 

 

2,746

 

2022

 

 

2,099

 

2023

 

 

1,819

 

Thereafter

 

 

2,565

 

Total lease payments

 

 

18,630

 

Less imputed interest

 

 

(3,242

)

Present value of lease liabilities

 

$

15,388