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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Balances Recorded in Consolidated Balance Sheet Related to Lease Arrangements

At December 31, 2019, the Company had the following balances recorded in the consolidated balance sheet related to its lease arrangements:

 

($ in thousands)

 

Classification

 

December 31,

2019

 

Assets

 

 

 

 

 

 

Operating leases

 

Right-of-use-asset

 

$

13,749

 

Finance leases

 

Right-of-use-asset

 

 

3,436

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating leases

 

Operating lease liabilities, current portion

 

 

4,161

 

Finance leases

 

Finance lease liabilities, current portion

 

 

1,196

 

 

 

 

 

 

 

 

Non-current:

 

 

 

 

 

 

Operating leases

 

Operating lease liabilities, less current portion

 

 

9,374

 

Finance leases

 

Finance lease liabilities, less current portion

 

 

2,615

 

Schedule of Components of Lease Cost

Components of lease cost are as follows:

 

($ in thousands)

 

Year ended

December 31,

2019

 

Finance lease costs:

 

 

 

 

Amortization of ROU assets

 

$

1,086

 

Interest on lease assets

 

 

383

 

Operating lease costs

 

 

4,460

 

Short-term lease costs

 

 

6,848

 

Variable lease costs

 

 

291

 

Total

 

$

13,068

 

Schedule of Supplemental Cash Flow Information and Non-Cash Activity Related to Leases

Supplemental cash flow information and non-cash activity related to our leases are as follows:

 

($ in thousands)

 

Year ended

December 31,

2019

 

Supplemental cash flow information:

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Financing cash flows from finance leases

 

$

908

 

Operating cash flows from finance lease interest expense

 

 

383

 

Operating cash flows from operating leases

 

 

4,703

 

 

 

 

 

 

Non-cash activity

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

Finance lease liabilities – recognized as of ASC 842 adoption

 

 

1,493

 

Operating lease liabilities – recognized as of ASC 842 adoption

 

 

3,040

 

Finance lease liabilities – recognized as a result of 2019 business combinations

 

 

1,665

 

Operating lease liabilities – recognized as a result of 2019 business combinations

 

 

10,276

 

Schedule of Weighted-Average Remaining Lease-Term and Discount Rate

Weighted-average remaining lease term and discount rate for our leases are as follows:

 

 

 

December 31, 2019

 

Weighted-average remaining lease term (years)

 

 

 

 

Finance leases

 

 

3.7

 

Operating leases

 

 

4.8

 

 

 

 

 

 

Weighted-average discount rate

 

 

 

 

Finance leases

 

 

12

%

Operating leases

 

 

19

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities by fiscal year for our leases are as follows:

 

($ in thousands)

 

Operating

Leases

 

 

Finance

Leases

 

2020

 

$

6,129

 

 

$

1,575

 

2021

 

 

4,547

 

 

 

952

 

2022

 

 

3,466

 

 

 

928

 

2023

 

 

2,189

 

 

 

916

 

2024

 

 

1,028

 

 

 

293

 

Thereafter

 

 

2,348

 

 

 

90

 

Total lease payments

 

$

19,707

 

 

$

4,754

 

Less: Imputed interest

 

 

(6,172

)

 

 

(943

)

Present value of lease liabilities

 

$

13,535

 

 

$

3,811

 

Schedule of Future Minimum Lease Commitments Under ASC Topic 840

Future minimum lease commitments as of December 31, 2018, under ASC Topic 840, the predecessor to Topic 842, are as follows:

 

Year Ending December 31,

 

 

 

 

($ in thousands)

 

 

 

 

2019

 

$

1,655

 

2020

 

 

1,007

 

2021

 

 

552

 

2022

 

 

504

 

2023

 

 

187

 

Thereafter

 

 

39

 

 

 

$

3,944