LEASES AND RIGHT OF USE ASSETS (Tables)

9 Months Ended

Sep. 30, 2019

LEASES AND RIGHT OF USE ASSETS

Schedule of lease expense

The components of lease expense for the three and nine months ended September 30, 2019 are as follows:

	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
	(in thousands)
Operating lease costs	$	2,355	$	6,870
Finance lease costs:
Amortization of assets		3,903		9,553
Interest on lease liabilities		671		1,820
Total finance lease costs		4,574		11,373
Variable and short-term lease costs		71		844
Total lease costs	$	7,000	$	19,087

Schedule of supplemental balance sheet information

Supplemental information and balance sheet location related to leases is as follows:

	Nine Months Ended
	September 30, 2019
Operating leases:	(in thousands)
Operating lease right-of-use assets	$	12,077
Current operating lease obligations		7,556
Long-term operating lease obligations		4,568
Total operating lease liabilities	$	12,124
Finance leases:
Property and equipment, at cost		127,798
Accumulated amortization		(27,851)
Property and equipment, net	$	99,947
Current finance lease obligations		19,469
Long-term finance lease obligations		68,610
	$	88,079
Weighted average remaining lease term:		(in months)
Operating leases		41 months
Finance leases		45 months
Weighted average discount rate:
Operating leases		4.07	%
Finance leases		3.37	%

Supplemental cash flow information related to leases is as follows:

	Nine Months Ended
	September 30, 2019
Cash paid for amounts included in measurement of liabilities:	(in thousands)
Operating cash flows from operating leases	$	48
Operating cash flows from finance leases		1,820
Financing cash flows from finance leases		10,021
ROU assets obtained in exchange for lease liabilities:
Operating leases		1,393
Finance leases		27,348

Schedule of supplemental cash flow and other information

	Nine Months Ended
	September 30, 2019
Operating leases:	(in thousands)
Operating lease right-of-use assets	$	12,077
Current operating lease obligations		7,556
Long-term operating lease obligations		4,568
Total operating lease liabilities	$	12,124
Finance leases:
Property and equipment, at cost		127,798
Accumulated amortization		(27,851)
Property and equipment, net	$	99,947
Current finance lease obligations		19,469
Long-term finance lease obligations		68,610
	$	88,079
Weighted average remaining lease term:		(in months)
Operating leases		41 months
Finance leases		45 months
Weighted average discount rate:
Operating leases		4.07	%
Finance leases		3.37	%

Schedule of maturities of operating lease liabilities

	Finance Leases		Operating Leases
	(in thousands)
2019 (remaining)	$	4,690	$	1,381
2020		32,539		6,016
2021		11,777		1,680
2022		11,777		1,115
2023		22,635		789
Thereafter		12,297		1,394
Total lease payments		95,715		12,375
Less: Imputed interest		(7,636)		(251)
Total lease obligations		88,079		12,124
Less: Current obligations		(19,469)		(7,556)
Long-term lease obligations	$	68,610	$	4,568

Schedule of maturities of finance lease liabilities

Maturities of lease liabilities as of September 30, 2019 are as follows:

	Finance Leases		Operating Leases
	(in thousands)
2019 (remaining)	$	4,690	$	1,381
2020		32,539		6,016
2021		11,777		1,680
2022		11,777		1,115
2023		22,635		789
Thereafter		12,297		1,394
Total lease payments		95,715		12,375
Less: Imputed interest		(7,636)		(251)
Total lease obligations		88,079		12,124
Less: Current obligations		(19,469)		(7,556)
Long-term lease obligations	$	68,610	$	4,568