Leases (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Leases [Abstract] |
|
| Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Leases |
Individual components of the total lease cost incurred by the Company are as follows:
|
|
|
|
|
(in thousands) |
December 31, 2019
|
Operating lease cost |
$ |
4,112 |
|
Finance lease cost: |
|
Reduction in carrying amount of right-of-use assets |
175 |
|
Interest on finance lease liabilities |
85 |
|
Total lease cost |
$ |
4,372 |
|
Weighted average remaining lease terms for operating and finance leases as of December 31, 2019 are as follows:
|
|
|
Operating Leases |
16.55 years |
Finance Leases |
2.16 years |
Weighted average discount rates for operating and finance leases are as follows:
|
|
|
|
Operating Leases |
7.32 |
% |
Finance Leases |
11.94 |
% |
|
| Schedule of Operating and Finance leases recorded in Consolidated Balance Sheet |
Operating and finance lease amounts included in the Consolidated Balance Sheet are as follows (in thousands):
|
|
|
|
|
|
|
|
Classification |
|
Financial Statement Line Item |
|
December 31, 2019 |
|
Assets |
|
Right-of-use assets, operating leases |
|
$ |
35,772 |
|
Assets |
|
Property, plant and equipment, net |
|
401 |
|
Current liabilities |
|
Current portion of lease liabilities, operating leases |
|
3,562 |
|
Current liabilities |
|
Current portion of lease liabilities, finance leases |
|
253 |
|
Non-current liabilities |
|
Non-current portion of lease liabilities, operating leases |
|
33,723 |
|
Non-current liabilities |
|
Non-current portion of lease liabilities, finance leases |
|
336 |
|
|
| Schedule of Maturities For Operating Leases After Adoption of 842 |
The amounts of undiscounted future minimum lease payments under leases as of December 31, 2019 are as follows:
|
|
|
|
|
|
|
|
|
(in thousands) |
Operating |
|
Finance |
2020 |
3,562 |
|
|
275 |
|
2021 |
3,635 |
|
|
316 |
|
2022 |
3,673 |
|
|
12 |
|
2023 |
3,563 |
|
|
— |
|
2024 |
3,635 |
|
|
— |
|
Thereafter |
48,554 |
|
|
— |
|
Total undiscounted minimum future lease payments |
66,622 |
|
|
603 |
|
Imputed Interest |
29,337 |
|
|
14 |
|
Total lease liabilities |
$ |
37,285 |
|
|
$ |
589 |
|
|
| Schedule of Maturities For Finance Leases After Adoption of 842 |
The amounts of undiscounted future minimum lease payments under leases as of December 31, 2019 are as follows:
|
|
|
|
|
|
|
|
|
(in thousands) |
Operating |
|
Finance |
2020 |
3,562 |
|
|
275 |
|
2021 |
3,635 |
|
|
316 |
|
2022 |
3,673 |
|
|
12 |
|
2023 |
3,563 |
|
|
— |
|
2024 |
3,635 |
|
|
— |
|
Thereafter |
48,554 |
|
|
— |
|
Total undiscounted minimum future lease payments |
66,622 |
|
|
603 |
|
Imputed Interest |
29,337 |
|
|
14 |
|
Total lease liabilities |
$ |
37,285 |
|
|
$ |
589 |
|
|
| Schedule of Undiscounted Future Minimum Lease payments for Operating Lease Before Adoption of 842 |
Undiscounted future minimum lease payments under non-cancellable operating and capital leases as of December 31, 2018 accounted for under ASC 840 "Leases" were as follows:
|
|
|
|
|
|
|
|
|
(in thousands) |
Operating |
|
Capital |
2019 |
$ |
3,207 |
|
|
$ |
354 |
|
2020 |
3,244 |
|
|
358 |
|
2021 |
3,239 |
|
|
347 |
|
2022 |
3,225 |
|
|
18 |
|
2023 |
3,103 |
|
|
— |
|
Thereafter |
45,337 |
|
|
— |
|
Total undiscounted minimum future operating lease payments |
|
|
1,077 |
|
Imputed Interest |
|
|
165 |
|
Total lease liabilities recorded as of December 31, 2018 |
|
|
$ |
912 |
|
|
| Schedule of Undiscounted Future Minimum Lease Payments for Capital Leases Before Adoption 842 |
Undiscounted future minimum lease payments under non-cancellable operating and capital leases as of December 31, 2018 accounted for under ASC 840 "Leases" were as follows:
|
|
|
|
|
|
|
|
|
(in thousands) |
Operating |
|
Capital |
2019 |
$ |
3,207 |
|
|
$ |
354 |
|
2020 |
3,244 |
|
|
358 |
|
2021 |
3,239 |
|
|
347 |
|
2022 |
3,225 |
|
|
18 |
|
2023 |
3,103 |
|
|
— |
|
Thereafter |
45,337 |
|
|
— |
|
Total undiscounted minimum future operating lease payments |
|
|
1,077 |
|
Imputed Interest |
|
|
165 |
|
Total lease liabilities recorded as of December 31, 2018 |
|
|
$ |
912 |
|
|