Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

Note 8 – Leases

The Company determines if a contract is or contains a lease at inception. The Company has entered into leases for certain facilities, vehicles and other equipment. The Company’s leases consist mainly of operating leases which expire at various dates through 2036. Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain nonlease components, such as maintenance and other services provided by the lessor, and other charges included in the lease.

The components of lease expense were as follows:

		Year Ended
(in thousands)		December 31, 2019
Finance lease cost:
	Amortization of right-of-use assets (included in depreciation expense)		$	711
	Interest on lease liabilities			548
Operating lease cost				17,014
Short-term lease cost				566
Variable lease cost				1,899
	Total lease cost		$	20,738
Other information:
	Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows used for finance lease		$	578
	Operating cash flows used for operating leases		$	15,169
	Financing cash flows used for finance lease		$	1,168
	Right-of-use assets obtained in exchange for new operating lease liabilities		$	15,501

The lease assets and liabilities as of December 31, 2019 were as follows (in thousands):

	December 31,
			2019
Finance lease right-of-assets (included in other assets)		$	2,311
Operating lease right-of-use assets		$	76,859
Finance liability, current (included in current installments of long-term debt)		$	1,325
Finance lease liability, noncurrent (included in long-term debt)		$	3,654
Operating lease liabilities, current (included in accrued liabilities)		$	11,043
Operating lease liabilities, noncurrent		$	67,898
Weighted average remaining lease term – finance leases		3.5 years
Weighted average remaining lease term – operating leases		10.2 years
Weighted average discount rate – finance leases			10.1%
Weighted average discount rate – operating leases			4.7%

Future annual minimum lease payments and finance lease commitments as of December 31, 2019 were as follows (in thousands):

		Operating			Finance
Year ending December 31,			Leases		Leases
	2020	$	14,552	$	1,781
	2021		12,168		1,816
	2022		10,399		1,853
	2023		9,751		465
	2024		8,585		—
	2025 and thereafter		46,016		—
	Total minimum lease payments	$	101,471	$	5,915
	Less: imputed interest		(22,530)		(936)
	Present value of lease liabilities	$	78,941	$	4,979

As of December 31, 2019, the Company’s future operating leases that have not yet commenced are immaterial.Future annual minimum lease payments and capital lease commitments in effect as of December 31, 2018 having a noncancelable term in excess of one year as determined prior to the adoption of ASU 842 were as follows (in thousands):

			Operating		Capital
Year ending December 31,			Leases		Leases
	2019	$	15,272	$	1,746
	2020		14,518		1,781
	2021		12,203		1,816
	2022		10,466		1,853
	2023		9,890		465
	Thereafter		47,868		—
	Total minimum lease payments	$	110,217	$	7,661
	Less: amount representing interest				(1,514)
	Present value of minimum lease payments				6,147
	Less: current installments				(1,168)
	Capital lease obligations, less current installments			$	4,979