Operating and Finance Lease Right-of-Use Assets (Tables)
|
9 Months Ended |
Sep. 30, 2019 |
|---|
| Leases [Abstract] |
|
| Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases was as follows:
|
|
|
September 30, 2019
|
|
|
|
|
(Dollars in thousands)
|
|
|
Operating Leases
|
|
Related Party
|
|
|
Other
|
|
|
Total
|
|
|
Operating leases ROU assets
|
|
$
|
8,224
|
|
|
$
|
48,576
|
|
|
$
|
56,800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease liabilities (current)
|
|
|
945
|
|
|
|
7,246
|
|
|
|
8,191
|
|
|
Operating lease liabilities (non-current)
|
|
|
7,462
|
|
|
|
48,881
|
|
|
|
56,343
|
|
|
Total operating lease liabilities
|
|
$
|
8,407
|
|
|
$
|
56,127
|
|
|
$
|
64,534
|
|
|
Weighted Average Remaining Lease Term
|
|
|
|
|
|
Operating leases
|
|
8.8 years
|
|
|
Finance leases
|
|
3.4 years
|
|
|
Weighted Average Discount Rate
|
|
|
|
|
|
Operating leases
|
|
8.20%
|
|
|
Finance leases
|
|
4.54%
|
|
|
| Components of Lease Expense |
Lease Expense
The components of lease expense were as follows:
|
|
|
Nine Months Ended
September 30, 2019
|
|
|
|
|
(Dollars in thousands)
|
|
|
Amortization of finance lease ROU Assets
|
|
$
|
77
|
|
|
Interest on finance lease liabilities
|
|
|
7
|
|
|
Finance lease expense
|
|
|
84
|
|
|
Operating lease expense
|
|
|
10,389
|
|
|
Variable lease expense
|
|
|
712
|
|
|
Short-term lease expense
|
|
|
629
|
|
|
Total lease expense
|
|
$
|
11,814
|
|
|
| Schedule of other information related to leases |
Supplemental Cash Flow
Supplemental cash flow information related to leases was as follows:
|
|
|
Nine Months Ended
September 30, 2019
|
|
|
|
|
(Dollars in thousands)
|
|
|
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
|
Operating cash flows from operating leases
|
|
$
|
10,791
|
|
|
Operating cash flows from finance leases
|
|
|
11
|
|
|
Financing cash flows from finance leases
|
|
|
65
|
|
|
Leased assets obtained in exchange for new operating lease liabilities
|
|
$
|
1,854
|
|
|
Leased assets obtained in exchange for new finance lease liabilities
|
|
|
14
|
|
|
| Summary 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 September 30, 2019, are as follows:
|
|
|
Operating Leases
|
|
|
|
|
|
|
|
|
|
|
|
|
Related Party
|
|
|
Other
|
|
|
Total
|
|
|
Finance Leases
|
|
|
Total
|
|
|
|
|
(Dollars in thousands)
|
|
|
2019 (Oct-Dec)
|
|
$
|
416
|
|
|
$
|
1,959
|
|
|
$
|
2,375
|
|
|
$
|
75
|
|
|
$
|
2,450
|
|
|
2020
|
|
|
1,602
|
|
|
|
12,587
|
|
|
|
14,189
|
|
|
|
58
|
|
|
|
14,247
|
|
|
2021
|
|
|
1,619
|
|
|
|
11,485
|
|
|
|
13,104
|
|
|
|
45
|
|
|
|
13,149
|
|
|
2022
|
|
|
1,612
|
|
|
|
9,981
|
|
|
|
11,593
|
|
|
|
30
|
|
|
|
11,623
|
|
|
2023
|
|
|
1,169
|
|
|
|
8,909
|
|
|
|
10,078
|
|
|
|
8
|
|
|
|
10,086
|
|
|
Thereafter
|
|
|
6,112
|
|
|
|
37,992
|
|
|
|
44,104
|
|
|
|
—
|
|
|
|
44,104
|
|
|
Undiscounted Cash Flows
|
|
$
|
12,530
|
|
|
$
|
82,913
|
|
|
$
|
95,443
|
|
|
$
|
216
|
|
|
$
|
95,659
|
|
|
Less: imputed interest
|
|
|
(4,123
|
)
|
|
|
(26,786
|
)
|
|
|
(30,909
|
)
|
|
|
(14
|
)
|
|
|
(30,923
|
)
|
|
Total
|
|
$
|
8,407
|
|
|
$
|
56,127
|
|
|
$
|
64,534
|
|
|
$
|
202
|
|
|
$
|
64,736
|
|
|
Reconciliation to lease liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease liabilities - current
|
|
$
|
945
|
|
|
$
|
7,246
|
|
|
$
|
8,191
|
|
|
$
|
69
|
|
|
$
|
8,260
|
|
|
Lease liabilities - long-term
|
|
|
7,462
|
|
|
|
48,881
|
|
|
|
56,343
|
|
|
|
133
|
|
|
|
56,476
|
|
|
Total Lease Liabilities
|
|
$
|
8,407
|
|
|
$
|
56,127
|
|
|
$
|
64,534
|
|
|
$
|
202
|
|
|
$
|
64,736
|
|
|
| Summary 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:
|
|
|
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
|
|
|
|
—
|
|
|
|
61,473
|
|
|
|
|
$
|
21,588
|
|
|
$
|
100,004
|
|
|
$
|
121,592
|
|
|
$
|
163
|
|
|
$
|
121,755
|
|
|