Lease Obligations

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease Obligations

10. LEASE OBLIGATIONS

The Company has operating and finance leases primarily for construction and transportation equipment, as well as office space. The Company’s leases have remaining lease terms of 1 month to 5 years, some of which include options to extend the leases for up to 10 years.

The components of lease expense were as follows:

	Three Months Ended March 31,
	2020		2019
Operating lease cost	$	2,159	$	2,211
Short-term lease cost	$	3,281	$	4,743
Finance lease cost:
Amortization of right-of-use assets	$	56	$	32
Interest on lease liabilities	8		2
Total finance lease cost	$	64	$	34

Supplemental cash flow information related to leases was as follows:

	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,105	$	2,383
Operating cash flows from finance leases	$	8	$	2
Financing cash flows from finance leases	$	56	$	32
Right-of-use assets obtained in exchange for lease obligations (noncash):
Operating leases	$	3,540	$	3,101
Finance leases	$	—	$	76

Supplemental balance sheet information related to leases was as follows:

	March 31, 2020			December 31, 2019
Operating Leases
Operating lease right-of-use assets	$	14,790		$	13,979
Current portion of long-term lease obligations	$	7,410		$	7,095
Long-term lease obligations	7,465			6,976
Total operating lease liabilities	$	14,875		$	14,071
Finance Leases
Property and equipment, at cost	$	1,479		$	1,479
Accumulated depreciation	(537		)	(482		)
Property and equipment, net	$	942		$	997
Current maturities of long-term debt	$	198		$	204
Long-term debt	509			560
Total finance lease liabilities	$	707		$	764
Weighted Average Remaining Lease Term
Operating leases	2.6			2.5
Finance leases	3.9			4.0
Weighted Average Discount Rate
Operating leases	6.0		%	6.0		%
Finance leases	4.2		%	4.2		%

Maturities of lease liabilities are as follows:

	Operating Leases			Finance Leases
Year Ending December 31,
2020 (excluding the three months ended March 31, 2020)	$	5,159		$	168
2021	5,720			208
2022	3,768			161
2023	1,624			154
2024	198			77
Thereafter	11			—
Total lease payments	$	16,480		$	768
Less imputed interest	(1,605		)	(61		)
Total	$	14,875		$	707

Lease Obligations

10. LEASE OBLIGATIONS

The Company has operating and finance leases primarily for construction and transportation equipment, as well as office space. The Company’s leases have remaining lease terms of 1 month to 5 years, some of which include options to extend the leases for up to 10 years.

The components of lease expense were as follows:

	Three Months Ended March 31,
	2020		2019
Operating lease cost	$	2,159	$	2,211
Short-term lease cost	$	3,281	$	4,743
Finance lease cost:
Amortization of right-of-use assets	$	56	$	32
Interest on lease liabilities	8		2
Total finance lease cost	$	64	$	34

Supplemental cash flow information related to leases was as follows:

	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,105	$	2,383
Operating cash flows from finance leases	$	8	$	2
Financing cash flows from finance leases	$	56	$	32
Right-of-use assets obtained in exchange for lease obligations (noncash):
Operating leases	$	3,540	$	3,101
Finance leases	$	—	$	76

Supplemental balance sheet information related to leases was as follows:

	March 31, 2020			December 31, 2019
Operating Leases
Operating lease right-of-use assets	$	14,790		$	13,979
Current portion of long-term lease obligations	$	7,410		$	7,095
Long-term lease obligations	7,465			6,976
Total operating lease liabilities	$	14,875		$	14,071
Finance Leases
Property and equipment, at cost	$	1,479		$	1,479
Accumulated depreciation	(537		)	(482		)
Property and equipment, net	$	942		$	997
Current maturities of long-term debt	$	198		$	204
Long-term debt	509			560
Total finance lease liabilities	$	707		$	764
Weighted Average Remaining Lease Term
Operating leases	2.6			2.5
Finance leases	3.9			4.0
Weighted Average Discount Rate
Operating leases	6.0		%	6.0		%
Finance leases	4.2		%	4.2		%

Maturities of lease liabilities are as follows:

	Operating Leases			Finance Leases
Year Ending December 31,
2020 (excluding the three months ended March 31, 2020)	$	5,159		$	168
2021	5,720			208
2022	3,768			161
2023	1,624			154
2024	198			77
Thereafter	11			—
Total lease payments	$	16,480		$	768
Less imputed interest	(1,605		)	(61		)
Total	$	14,875		$	707