Right-of-Use Assets and Lease Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Finance and Operating Lease Details

The following tables present our ROU assets, lease expense, weighted average term, discount rate and maturity analysis of lease liabilities for finance and operating leases as of September 30, 2019 and for the periods presented:

	September 30, 2019
(in thousands, except weighted-averages)	Three Months Ended			Nine Months Ended
Operating lease expense		$	995		$	3,061
Amortization of ROU assets - finance leases		23			68
Interest on lease liabilities - finance leases (1)		18			54
Total Lease Expense		$	1,036		$	3,183
Operating Leases
ROU assets					$	37,534
Operating cash flows					$	931
Finance Leases
ROU assets					$	1,168
Operating cash flows					$	55
Financing cash flows					$	34
Weighted Average Lease Term - Years
Operating leases					19.94
Finance leases					15.16
Weighted Average Discount Rate
Operating leases					6.13		%
Finance leases					5.98		%

Finance and Operating Lease Details

The following tables present our ROU assets, lease expense, weighted average term, discount rate and maturity analysis of lease liabilities for finance and operating leases as of September 30, 2019 and for the periods presented:

	September 30, 2019
(in thousands, except weighted-averages)	Three Months Ended			Nine Months Ended
Operating lease expense		$	995		$	3,061
Amortization of ROU assets - finance leases		23			68
Interest on lease liabilities - finance leases (1)		18			54
Total Lease Expense		$	1,036		$	3,183
Operating Leases
ROU assets					$	37,534
Operating cash flows					$	931
Finance Leases
ROU assets					$	1,168
Operating cash flows					$	55
Financing cash flows					$	34
Weighted Average Lease Term - Years
Operating leases					19.94
Finance leases					15.16
Weighted Average Discount Rate
Operating leases					6.13		%
Finance leases					5.98		%

Maturity Analysis of Lease Liabilities for Operating Leases

(dollars in thousands)
Maturity Analysis	Finance			Operating				Total
2019	$	125			$	3,726		$	3,851
2020	126				3,681			3,807
2021	127				3,759			3,886
2022	128				3,836			3,964
2023	130				3,872			4,002
Thereafter	1,309				59,170			60,479
Total	$	1,945			$	78,044		$	79,989
Less: Present value discount	(716		)		(35,800		)	(36,516		)
Lease Liabilities	$	1,229			$	42,244		$	43,473

Maturity Analysis of Lease Liabilities for Finance Leases

(dollars in thousands)
Maturity Analysis	Finance			Operating				Total
2019	$	125			$	3,726		$	3,851
2020	126				3,681			3,807
2021	127				3,759			3,886
2022	128				3,836			3,964
2023	130				3,872			4,002
Thereafter	1,309				59,170			60,479
Total	$	1,945			$	78,044		$	79,989
Less: Present value discount	(716		)		(35,800		)	(36,516		)
Lease Liabilities	$	1,229			$	42,244		$	43,473