Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2019
LEASES  
Schedule of components of lease expense

 

 

 

 

 

 

 

Lease Cost/(Sublease Income) (in thousands)

 

Three Months Ended June 30, 2019

 

Six Months Ended June 30, 2019

Operating lease cost

 

$

1,219

 

$

2,446

Short-term lease cost

 

 

711

 

 

1,017

Sublease income

 

 

(39)

 

 

(48)

Total lease cost

 

$

1,891

 

$

3,415

 

Schedule of right-of use assets and lease liabilities

 

 

 

 

 

 

Lease Assets/Liabilities (in thousands)

 

Balance Sheet Classification

 

June 30, 2019

Lease Assets 

 

 

 

 

 

Right-of-use assets

 

Other long-term assets

 

$

7,079

 

 

 

 

 

 

Lease Liabilities

 

 

 

 

 

Short-term lease liabilities

 

Other current liabilities

 

$

3,235

Long-term lease liabilities

 

Other long-term liabilities

 

 

4,045

Total lease liabilities

 

 

 

$

7,280

 

Schedule of supplemental information

 

 

 

 

(in thousands)

 

Six Months Ended June 30, 2019

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

Operating cash used by operating leases

 

$

2,462

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

9,192

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

27

Weighted-average remaining lease term - operating leases

 

 

2.67 years

Weighted-average remaining lease term - finance leases

 

 

4.74 years

Weighted-average discount rate - operating leases

 

 

9%

Weighted-average discount rate - finance leases

 

 

9%

 

Schedule of remaining lease payments under operating leases

 

 

 

 

 

 

 

 

 

Operating Leases

 

Finance Leases

Year Ended December 31,

 

(in thousands)

Remainder of 2019

 

$

2,196

 

$

 4

2020

 

 

2,870

 

 

 6

2021

 

 

2,246

 

 

 6

2022

 

 

599

 

 

 5

2023

 

 

144

 

 

 5

Thereafter

 

 

 1

 

 

 1

Total lease payments

 

$

8,056

 

$

27

Less: interest

 

 

(802)

 

 

(1)

Present value of lease liabilities

 

$

7,254

 

$

26

 

Schedule of remaining lease payments under finance leases

Total remaining lease payments under the Company’s operating and finance leases are as follows:

 

 

 

 

 

 

 

 

 

Operating Leases

 

Finance Leases

Year Ended December 31,

 

(in thousands)

Remainder of 2019

 

$

2,196

 

$

 4

2020

 

 

2,870

 

 

 6

2021

 

 

2,246

 

 

 6

2022

 

 

599

 

 

 5

2023

 

 

144

 

 

 5

Thereafter

 

 

 1

 

 

 1

Total lease payments

 

$

8,056

 

$

27

Less: interest

 

 

(802)

 

 

(1)

Present value of lease liabilities

 

$

7,254

 

$

26