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LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease information
($ in thousands)
December 31, 2019
 
December 31, 2018
 
December 31, 2017
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
 
 
Operating cash flows used for operating leases
$
4,389

 
$
—

 
$
—

Operating cash flows used for finance leases
—

 
—

 
—

Financing cash flows used for finance leases
—

 
—

 
—

Right-of-use assets obtained in exchange for lease obligations:
 
 
 
 
 
Operating leases
$
81

 
$
—

 
$
—

Finance leases
—

 
—

 
—

The components of lease expense were as follows:
($ in thousands)
Classification in the Consolidated Statements of Operations
December 31, 2019
December 31, 2018
December 31, 2017
Operating lease cost (a)
Cost of sales, exclusive of depreciation and amortization
$
4,361

$
—

$
—

Operating lease cost (a)
Selling, general and administrative
137

—

—

Total operating lease cost
 
$
4,498

$
—

$
—

 
 
 
 
 
Finance lease cost:
 
 
 
 
Amortization of right-of-use assets
Depreciation
—

—

—

Interest on lease liabilities
Interest Expense
—

—

—

Total finance lease cost
 
$
—

$
—

$
—

 
 
 
 
 
Total lease cost
 
$
4,498

$
—

$
—

 
 
 
 
 
(a) Short-term lease costs were approximately $64,000, nil and nil as of December 31, 2019, 2018 and 2017, respectively.
Lease information
($ in thousands)
Classification on the Consolidated Balance Sheets
December 31, 2019
Assets:
 
 
Operating
Operating lease assets
$
13,512

Finance
Property, plant, and equipment
—

Total leased assets
 
$
13,512

 
 
 
Liabilities:
 
 
Current
 
 
Operating
Current portion of operating lease liabilities
$
3,174

Finance
Short-term debt and current portion of long-term debt
—

Noncurrent
 
 
Operating
Operating lease liabilities
10,338

Finance
Long-term debt
—

Total lease liabilities
 
$
13,512

 
December 31, 2019
Weighted-average remaining lease term (in years):
 
Operating leases
4.5

Finance leases
0.0

Weighted-average discount rate:
 
Operating leases
4.5
%
Finance leases
—
%
Operating lease maturities
As of December 31, 2019, maturities of lease liabilities were as follows:
($ in thousands)
Operating Leases
Finance Leases
2020
$
3,703

$
—

2021
3,540

—

2022
3,218

—

2023
2,329

—

2024
1,026

—

Thereafter
1,082

—

Total lease payments
$
14,898

$
—

Less: Interest
1,386

—

Total lease obligations
$
13,512

$
—

Finance lease maturities
As of December 31, 2019, maturities of lease liabilities were as follows:
($ in thousands)
Operating Leases
Finance Leases
2020
$
3,703

$
—

2021
3,540

—

2022
3,218

—

2023
2,329

—

2024
1,026

—

Thereafter
1,082

—

Total lease payments
$
14,898

$
—

Less: Interest
1,386

—

Total lease obligations
$
13,512

$
—

Operating leases, future minimum rental payments
December 31, 2018 that have initial or remaining lease terms in excess of one year are as follows
($ in thousands)
Operating Leases
2019
$
3,670

2020
3,583

2021
3,418

2022
3,107

2023
2,288

Beyond 2023
2,065