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Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Supplemental cash flow information related to leases
The following table shows supplemental cash flow information related to leases for the three months of March 31, 2020 and 2019:
March 31,
2020		March 31,
2019
(In thousands)
Cash paid for amounts in the measurement of lease liabilities:
Operating cash flows for operating leases$1,333  577
Financing cash flows for finance leases1,025  985
Lease liabilities recognized in exchange for new operating lease right of use assets—  5
Schedule of lease assets and liabilities
The following table shows information about our lease assets and liabilities in our Unaudited Condensed Consolidated Balance Sheet:
Classification on the Consolidated Balance SheetMarch 31,
2020		December 31,
2019
(In thousands)
Assets
Operating right of use assetsRight of use assets$6,937  $5,673  
Finance right of use assetsProperty, plant, and equipment, net16,926  17,396  
Total right of use assets$23,863  $23,069  
Liabilities
Current liabilities:
Operating lease liabilitiesCurrent operating lease liabilities$4,128  $3,430  
Finance lease liabilitiesCurrent portion of other long-term liabilities5,852  4,164  
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities2,639  2,071  
Finance lease liabilitiesOther long-term liabilities502  3,215  
Total lease liabilities$13,121  $12,880  
Schedule of lease costs
The following table shows certain information related to the lease costs for our finance and operating leases for the three months ended March 31, 2020:
March 31,
2020		March 31,
2019
(In thousands)
Components of total lease cost:
Amortization of finance leased assets$1,025  $985  
Interest on finance lease liabilities70  111  
Operating lease cost1,244  598  
Short-term lease cost (1)
3,991  9,974  
Variable lease cost82  106  
Total lease cost$6,412  $11,774  
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1.Short-term lease cost includes amounts capitalized related to our oil and natural gas segment of $1.0 million and $5.7 million for the first three months of 2020 and 2019, respectively.
Schedule of weighted average discount rate for leases
The following table shows certain information related to the weighted average remaining lease terms and the weighted average discount rates for our operating and finance leases:
Weighted Average Remaining Lease Term
Weighted Average Discount
Rate (1)
(In years)
Operating leases1.96.31%
Finance leases1.44.00%
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1.Our weighted average discount rates represent the rate implicit in the lease or our incremental borrowing rate for a term equal to the remaining term of the lease.
Operating leases
The following table sets forth the maturity of our operating lease liabilities as of March 31, 2020:
Amount
(In thousands)
Ending April 1,
2021$4,425  
20222,356  
2023296  
202429  
202512  
2026 and beyond72  
Total future payments7,190  
Less: Interest423  
Present value of future minimum operating lease payments6,767  
Less: Current portion4,128  
Total long-term operating lease payments$2,639  
Finance leases
The following table sets forth the maturity of our finance lease liabilities as of March 31, 2020:
Amount
Ending April 1,(In thousands)
2021$7,841  
2022579  
Total future payments8,420  
Less payments related to:
Maintenance1,884  
Interest182  
Present value of future minimum finance lease payments6,354  
Less: Current portion5,852  
Total long-term finance lease payments$502