Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Operating and Finance Leases Recorded in Consolidated Balance Sheet
Operating and finance lease amounts included in the Condensed Consolidated Balance Sheet are as follows (in thousands):
Classification
 
Financial Statement Line Item
 
March 31, 2020

Assets
 
Right-of-use assets, operating leases
 
$
36,072

Assets
 
Property, plant and equipment
 
296

Current liabilities
 
Current portion of lease liabilities, operating leases
 
957

Current liabilities
 
Current portion of lease liabilities, finance leases
 
275

Non-current liabilities
 
Non-current portion of lease liabilities, operating leases
 
36,770

Non-current liabilities
 
Non-current portion of lease liabilities, finance leases
 
200

Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Lease Terms
Weighted-average remaining lease term
March 31, 2020

Operating Leases
16.19 years

Finance Leases
1.67 years

Weighted-average discount rate
 
Operating Leases
7.32
%
Finance Leases
12.40
%
Individual components of the total lease cost incurred by the Company are as follows:
(in thousands)
Three Months Ended March 31, 2020
Operating lease cost
$
1,035

Finance lease cost:
 
Amortization of right-of-use assets
59

Interest on finance lease liabilities
17

Total lease cost
$
1,111

Schedule of Maturities For Operating Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of March 31, 2020 are as follows:
(in thousands)
Operating
 
Finance
Remainder of 2020
$
2,735

 
$
237

2021
3,710

 
291

2022
3,767

 

2023
3,803

 

2024
3,656

 

Thereafter
48,577

 

Total undiscounted minimum future lease payments
66,248

 
528

Imputed Interest
28,521

 
53

Present value of lease liabilities
$
37,727

 
$
475

Schedule of Maturities For Finance Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of March 31, 2020 are as follows:
(in thousands)
Operating
 
Finance
Remainder of 2020
$
2,735

 
$
237

2021
3,710

 
291

2022
3,767

 

2023
3,803

 

2024
3,656

 

Thereafter
48,577

 

Total undiscounted minimum future lease payments
66,248

 
528

Imputed Interest
28,521

 
53

Present value of lease liabilities
$
37,727

 
$
475