Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2019
LEASES  
Schedule of components of lease expense

 

 

 

 

 

 

 

Lease Cost/(Sublease Income) (in thousands)

 

Three Months Ended September 30, 2019

 

Nine Months Ended September 30, 2019

Operating lease cost

 

$

1,223

 

$

3,669

Short-term lease cost

 

 

463

 

 

1,480

Sublease income

 

 

(38)

 

 

(86)

Total lease cost

 

$

1,648

 

$

5,063

 

Schedule of right-of use assets and lease liabilities

 

 

 

 

 

 

Lease Assets/Liabilities (in thousands)

 

Balance Sheet Classification

 

September 30, 2019

Lease Assets 

 

 

 

 

 

Right-of-use assets

 

Other long-term assets

 

$

6,349

 

 

 

 

 

 

Lease Liabilities

 

 

 

 

 

Short-term lease liabilities

 

Other current liabilities

 

$

3,046

Long-term lease liabilities

 

Other long-term liabilities

 

 

3,495

Total lease liabilities

 

 

 

$

6,541

 

Schedule of supplemental information

 

 

 

 

(in thousands)

 

Nine Months Ended September 30, 2019

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

 

 

 

Operating cash used by operating leases

 

$

3,696

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

 

 

9,701

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

 

 

27

Weighted-average remaining lease term - operating leases

 

 

2.25 years

Weighted-average remaining lease term - finance leases

 

 

4.48 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

 

$

1,136

 

$

 1

2020

 

 

3,060

 

 

 6

2021

 

 

2,208

 

 

 6

2022

 

 

646

 

 

 6

2023

 

 

144

 

 

 6

Thereafter

 

 

 1

 

 

 1

Total lease payments

 

$

7,195

 

$

26

Less: interest

 

 

(678)

 

 

(1)

Present value of lease liabilities

 

$

6,517

 

$

25

 

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

 

$

1,136

 

$

 1

2020

 

 

3,060

 

 

 6

2021

 

 

2,208

 

 

 6

2022

 

 

646

 

 

 6

2023

 

 

144

 

 

 6

Thereafter

 

 

 1

 

 

 1

Total lease payments

 

$

7,195

 

$

26

Less: interest

 

 

(678)

 

 

(1)

Present value of lease liabilities

 

$

6,517

 

$

25