Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease Assets and Liabilities

The following table presents the lease balances within the Consolidated Balance Sheet as of December 31, 2019:

(in thousands)	Classification on the Balance Sheet	December 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	39,380
Finance lease assets	Property, plant and equipment, net	6,789
Liabilities
Current
Operating lease liabilities	Current maturities of operating leases	12,038
Accrued expenses	Current maturities of finance leases	2,743
Long-term
Operating lease liabilities	Operating lease liabilities	27,665
Other long-term liabilities	Finance lease liabilities	$	4,046
Weighted average remaining lease term
Operating leases		5.6 years
Finance leases		2.6 years
Weighted average discount rate
Operating leases		6.3		%
Finance leases		3.0		%

Lease Liability Maturity

(in thousands)	Classification on the Balance Sheet	December 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	39,380
Finance lease assets	Property, plant and equipment, net	6,789
Liabilities
Current
Operating lease liabilities	Current maturities of operating leases	12,038
Accrued expenses	Current maturities of finance leases	2,743
Long-term
Operating lease liabilities	Operating lease liabilities	27,665
Other long-term liabilities	Finance lease liabilities	$	4,046
Weighted average remaining lease term
Operating leases		5.6 years
Finance leases		2.6 years
Weighted average discount rate
Operating leases		6.3		%
Finance leases		3.0		%

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Consolidated Balance Sheet as of December 31, 2019:

(in thousands)	Operating		Finance
2020	$	12,750	$	2,871
2021	6,526		2,186
2022	5,777		1,155
2023	5,450		563
2024	4,297		233
Thereafter	17,186		—
Total undiscounted future minimum lease payments	51,986		7,008
Less: Difference between lease payments and discounted lease liabilities	12,283		219
Total lease liabilities	$	39,703	$	6,789

Lease Liability Maturity

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Consolidated Balance Sheet as of December 31, 2019:

(in thousands)	Operating		Finance
2020	$	12,750	$	2,871
2021	6,526		2,186
2022	5,777		1,155
2023	5,450		563
2024	4,297		233
Thereafter	17,186		—
Total undiscounted future minimum lease payments	51,986		7,008
Less: Difference between lease payments and discounted lease liabilities	12,283		219
Total lease liabilities	$	39,703	$	6,789

Supplemental Cash Flow Information

Supplemental cash flow information is as follows:

(in thousands)	For the year ended December 31, 2019
Operating cash out flows from operating leases	$	20,712
Operating cash out flows from finance leases	374
Financing cash out flows from finance leases	2,833
Total	$	23,919