Operating and Finance Lease Right-of-Use Assets (Tables)
|
3 Months Ended |
Mar. 31, 2019 |
|---|
| Leases [Abstract] |
|
| Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases was as
follows:
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March 31, 2019 |
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(Dollars in thousands) |
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|
Related Party |
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|
Other |
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Total |
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|
Operating Leases
|
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|
|
|
|
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Operating leases ROU assets
|
|
$ |
9,163 |
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|
$ |
53,957 |
|
|
$ |
63,120 |
|
|
|
|
|
|
Operating lease liabilities (current)
|
|
|
903 |
|
|
|
8,561 |
|
|
|
9,464 |
|
|
Operating lease liabilities (noncurrent)
|
|
|
8,633 |
|
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|
53,214 |
|
|
|
61,847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total operating lease liabilities
|
|
$ |
9,536 |
|
|
$ |
61,775 |
|
|
$ |
71,311 |
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Weighted Average Remaining Lease Term
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Operating leases
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|
8.7 years |
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Finance leases
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|
3.8 years |
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Weighted Average Discount Rate
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|
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Operating leases
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|
|
8.05 |
% |
|
Finance leases
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|
|
4.28 |
% |
|
| Components of Lease Expense |
The components of lease expense were as follows:
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| |
|
Three Months Ended
March 31, 2019 |
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| |
(Dollars in thousands) |
|
|
Amortization of ROU Assets
|
|
$ |
33 |
|
|
Interest on finance lease liabilities
|
|
|
2 |
|
|
|
|
|
|
|
Finance lease expense
|
|
|
35 |
|
|
Operating lease expense
|
|
|
3,497 |
|
|
Variable lease expense
|
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|
252 |
|
|
Short-term lease expense
|
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|
225 |
|
|
|
|
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Total lease expense
|
|
$ |
4,009 |
|
|
|
|
|
|
|
| Schedule of other information related to leases |
Supplemental cash flow information related to leases was as
follows:
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|
Three Months Ended
March 31, 2019 |
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| |
|
(Dollars in
thousands) |
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|
Operating cash flows from operating leases
|
|
$ |
2,267 |
|
|
Operating cash flows from finance leases
|
|
|
33 |
|
|
Financing cash flows from finance leases
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|
21 |
|
|
|
|
|
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Cash paid for amounts included in the measurement of lease
liabilities
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|
$ |
2,321 |
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|
|
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|
ROU assets acquired in exchange for new operating lease
liabilities
|
|
|
288 |
|
|
| Schedule of Future Minimum Lease Payments |
Future minimum lease payments required under leases that have
initial or remaining non-cancelable lease
terms in excess of one year as of March 31, 2019, are as
follows:
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|
Operating Leases |
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|
Related
Parties |
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Other |
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Total |
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Finance Leases |
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|
Total |
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| |
|
(Dollars in
thousands) |
|
|
2019 (Apr-Dec)
|
|
$ |
1,227 |
|
|
$ |
9,349 |
|
|
$ |
10,576 |
|
|
$ |
64 |
|
|
$ |
10,640 |
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|
2020
|
|
|
1,665 |
|
|
|
12,785 |
|
|
|
14,450 |
|
|
|
66 |
|
|
|
14,516 |
|
|
2021
|
|
|
1,669 |
|
|
|
11,660 |
|
|
|
13,329 |
|
|
|
51 |
|
|
|
13,380 |
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2022
|
|
|
1,647 |
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|
|
10,081 |
|
|
|
11,728 |
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|
|
43 |
|
|
|
11,771 |
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2023
|
|
|
1,207 |
|
|
|
8,925 |
|
|
|
10,132 |
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|
22 |
|
|
|
10,154 |
|
|
Thereafter
|
|
|
7,510 |
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|
|
40,120 |
|
|
|
47,630 |
|
|
|
3 |
|
|
|
47,633 |
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Undiscounted Cash Flows
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|
$ |
14,925 |
|
|
$ |
92,920 |
|
|
$ |
107,845 |
|
|
$ |
249 |
|
|
$ |
108,094 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Less: imputed interest
|
|
|
5,389 |
|
|
|
31,145 |
|
|
|
36,534 |
|
|
|
19 |
|
|
|
36,553 |
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total
|
|
$ |
9,536 |
|
|
$ |
61,775 |
|
|
$ |
71,311 |
|
|
$ |
230 |
|
|
$ |
71,541 |
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Reconciliation to lease liabilities:
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Lease liabilities - current
|
|
$ |
903 |
|
|
$ |
8,561 |
|
|
$ |
9,464 |
|
|
$ |
74 |
|
|
$ |
9,538 |
|
|
Lease liabilities - long-term
|
|
|
8,633 |
|
|
|
53,214 |
|
|
|
61,847 |
|
|
|
156 |
|
|
|
62,003 |
|
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|
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Total Lease Liabilities
|
|
$ |
9,536 |
|
|
$ |
61,775 |
|
|
$ |
71,311 |
|
|
$ |
230 |
|
|
$ |
71,541 |
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| Schedule of Future Minimum Lease Payments Based on Former Accounting Guidance |
Future minimum lease payments under leases that had initial or
remaining non-cancelable lease terms in excess of one year as of
December 31, 2018, based on the former accounting guidance for
leases, were as follows:
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Operating Leases |
|
|
|
|
|
|
|
| |
|
Related Party |
|
|
Other |
|
|
Total |
|
|
Finance Leases |
|
|
Total |
|
| |
|
(Dollars in
thousands) |
|
|
2019
|
|
$ |
1,730 |
|
|
$ |
11,633 |
|
|
$ |
13,363 |
|
|
$ |
58 |
|
|
$ |
13,421 |
|
|
2020
|
|
|
1,763 |
|
|
|
11,592 |
|
|
|
13,355 |
|
|
|
39 |
|
|
|
13,394 |
|
|
2021
|
|
|
1,767 |
|
|
|
10,596 |
|
|
|
12,363 |
|
|
|
31 |
|
|
|
12,394 |
|
|
2022
|
|
|
1,730 |
|
|
|
9,490 |
|
|
|
11,220 |
|
|
|
27 |
|
|
|
11,247 |
|
|
2023
|
|
|
1,234 |
|
|
|
8,584 |
|
|
|
9,818 |
|
|
|
8 |
|
|
|
9,826 |
|
|
Thereafter
|
|
|
13,364 |
|
|
|
48,109 |
|
|
|
61,473 |
|
|
|
— |
|
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|
61,473 |
|
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|
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|
|
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|
|
|
$ |
21,588 |
|
|
$ |
100,004 |
|
|
$ |
121,592 |
|
|
$ |
163 |
|
|
$ |
121,755 |
|
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