Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease Cost

The following table shows lease expense for the three and six months ended June 30, 2019:

(In thousands)		Three Months Ended		Six Months Ended	Income Statement Location
Finance lease expense:
Amortization of leased assets	$	437	$	870	Depreciation and amortization
Interest on lease liabilities		200		398	Interest expense, net
Operating lease expense		33		60	Other operations and maintenance
Total lease expense	$	670	$	1,328

Lease Balance Sheet

The following table shows the lease assets and liabilities on the consolidated balance sheet as of June 30, 2019:

(In thousands)			Balance Sheet Location
Lease assets:
Finance lease assets	$	16,700	Finance lease assets
Operating lease assets		216	Other deferred assets and other
Total lease assets	$	16,916
Lease liabilities:
Finance lease liabilities - current	$	1,007	Other current liabilities
Finance lease liabilities - long-term		17,720	Finance lease liabilities
Operating lease liabilities - current		104	Other current liabilities
Operating lease liabilities - long-term		144	Other deferred liabilities and other
Total lease liabilities	$	18,975

Other Financial Information

The following table shows other financial lease information for the six months ended June 30, 2019:

(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - Financing cash flows	$	643
Finance leases - Operating cash flows		398
Operating leases - Operating cash flows		71
Lease assets obtained in exchange for lease liabilities:
Finance leases		12,081
Operating leases		125

Weighted Average And Discount Rate

The following table shows the weighted average remaining lease terms and discounts as of June 30, 2019:

Weighted-average remaining lease terms (in years):
Finance leases	38
Operating leases	6
Weighted-average discount rates:
Finance leases	4.36	%
Operating leases	3.97	%

Lessee Operating Lease Liability Maturity

The following table shows maturities of lease liabilities as of June 30, 2019:

(In thousands)		Finance		Operating
2019	$	876	$	54
2020		1,644		113
2021		1,428		46
2022		1,309		13
2023		1,228		2
Thereafter		41,316		52
Subtotal		47,801		280
Less: Present value discount		(29,074)		(32)
Lease Liability	$	18,727	$	248

Lessee Finance Lease Liability Maturity

The following table shows maturities of lease liabilities as of June 30, 2019:

(In thousands)		Finance		Operating
2019	$	876	$	54
2020		1,644		113
2021		1,428		46
2022		1,309		13
2023		1,228		2
Thereafter		41,316		52
Subtotal		47,801		280
Less: Present value discount		(29,074)		(32)
Lease Liability	$	18,727	$	248

Operating Leases, Future Minimum Rental Payments

Future minimum rental payments as of December 31, 2018, under agreements classified as operating leases with noncancelable terms in excess of one year are as follows:

(In thousands)		2019		2020		2021		2022		2023		Thereafter
Minimum lease payments	$	1,646	$	1,371	$	1,095	$	989	$	975	$	22,707