Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Operating and Finance Leases Recorded in Consolidated Balance Sheet
Operating and finance lease amounts included in the unaudited condensed consolidated balance sheet are as follows (in thousands):
Classification
 
Financial Statement Line Item
 
June 30, 2020

Assets
 
Right-of-use assets, operating leases
 
$
35,717

Assets
 
Property, plant and equipment
 
74

Current liabilities
 
Current portion of lease liabilities, operating leases
 
991

Current liabilities
 
Current portion of lease liabilities, finance leases
 
31

Non-current liabilities
 
Non-current portion of lease liabilities, operating leases
 
36,510

Non-current liabilities
 
Non-current portion of lease liabilities, finance leases
 
44


Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Lease Terms
Weighted-average remaining lease term
June 30, 2020

Operating Leases
15.96 years

Finance Leases
2.97 years

Weighted-average discount rate
 
Operating Leases
7.31
%
Finance Leases
2.65
%

Individual components of the total lease cost incurred by the Company are as follows:
(in thousands)
Three Months Ended June 30, 2020
 
Six Months Ended June 30, 2020
Operating lease cost
$
1,035

 
$
2,069

Finance lease cost:
 
 
 
Amortization of right-of-use assets
26

 
75

Interest on finance lease liabilities
7

 
24

Total lease cost
$
1,068

 
$
2,168


Schedule of Maturities For Operating Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of June 30, 2020 are as follows:
(in thousands)
Operating
 
Finance
Remainder of 2020
$
1,829

 
$
17

2021
3,710

 
22

2022
3,767

 
15

2023
3,803

 
15

2024
3,656

 
8

Thereafter
48,577

 

Total undiscounted minimum future lease payments
65,342

 
77

Imputed Interest
27,841

 
2

Present value of lease liabilities
$
37,501

 
$
75


Schedule of Maturities For Finance Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of June 30, 2020 are as follows:
(in thousands)
Operating
 
Finance
Remainder of 2020
$
1,829

 
$
17

2021
3,710

 
22

2022
3,767

 
15

2023
3,803

 
15

2024
3,656

 
8

Thereafter
48,577

 

Total undiscounted minimum future lease payments
65,342

 
77

Imputed Interest
27,841

 
2

Present value of lease liabilities
$
37,501

 
$
75