Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Components of Lease Cost

Components of lease cost (income) were as follows:

	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019
Operating lease cost	$	3,014	$	3,646	$	9,020	$	11,110
Loss due to remeasurement	1,627		—		1,627		—
Finance lease cost - amortization expense	241		174		681		592
Finance lease cost - interest expense	167		114		495		344
Short-term lease cost	52		30		105		80
Variable lease cost	205		102		498		137
Sublease income	(155)		(33)		(459)		(33)
Total	$	5,151	$	4,033	$	11,967	$	12,230

Balance Sheet Classifications

Balance sheet classifications at September 30, 2020 and December 31, 2019 are summarized below:

	2020						2019
(in thousands)	Right of use assets		Current right of use liabilities		Long-term right of use liabilities		Right of use assets		Current right of use liabilities		Long-term right of use liabilities
Operating Leases	$	36,391	$	8,463	$	34,398	$	28,571	$	9,231	$	24,835
Finance Leases	7,975		968		10,123		8,319		338		10,567
Total	$	44,366	$	9,431	$	44,521	$	36,890	$	9,569	$	35,402

Future Minimum Lease Payments - Finance Leases

Our future minimum lease payments as of September 30, 2020 under operating lease and finance leases, with initial or remaining lease terms in excess of one year, were as follows:

	September 30, 2020
(in thousands)	Operating Leases		Finance Leases
Years ending September 30:
2021	$	10,640	$	1,671
2022	8,846		1,630
2023	7,162		1,622
2024	6,308		1,534
2025	4,552		1,427
Thereafter	15,511		6,881
Total lease payments	53,019		14,765
Less: imputed interest	(10,158)		(3,674)
Present value of lease liabilities	$	42,861	$	11,091

Future Minimum Lease Payments - Operating Leases

Our future minimum lease payments as of September 30, 2020 under operating lease and finance leases, with initial or remaining lease terms in excess of one year, were as follows:

	September 30, 2020
(in thousands)	Operating Leases		Finance Leases
Years ending September 30:
2021	$	10,640	$	1,671
2022	8,846		1,630
2023	7,162		1,622
2024	6,308		1,534
2025	4,552		1,427
Thereafter	15,511		6,881
Total lease payments	53,019		14,765
Less: imputed interest	(10,158)		(3,674)
Present value of lease liabilities	$	42,861	$	11,091

Supplemental Cash Flow Information

Supplemental cash flow information related to our operating leases for the periods ending September 30, 2020 and September 30, 2019 were as follows:

(in thousands)	September 30, 2020		September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$	9,654	$	11,657
Operating cash outflow from finance leases	$	493	$	343
Financing cash outflow from finance leases	$	186	$	513

Weighted-average remaining lease terms and discount rate for our operating leases for the period ending September 30, 2020, were as follows:

	September 30, 2020
	Operating		Financing
Weighted-average remaining lease term	6.1 years		9.8 years
Weighted-average discount rate	6.26	%	5.97	%