Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2020
LEASES  
Schedule of components of lease expense

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

Lease Cost/(Sublease Income) (in thousands)

 

2020

 

2019

Operating lease cost

 

$

1,219

 

$

1,227

Short-term lease cost

 

 

835

 

 

306

Sublease income

 

 

 —

 

 

(9)

Total lease cost

 

$

2,054

 

$

1,524

 

Schedule of right-of use assets and lease liabilities

 

 

 

 

 

 

 

 

 

Lease Assets/Liabilities (in thousands)

 

Balance Sheet Classification

 

March 31, 2020

 

December 31, 2019

Lease Assets 

 

 

 

 

 

 

 

 

Right-of-use assets

 

Other long-term assets

 

$

5,449

 

$

5,743

 

 

 

 

 

 

 

 

 

Lease Liabilities

 

 

 

 

 

 

 

 

Short-term lease liabilities

 

Other current liabilities

 

$

3,389

 

$

2,985

Long-term lease liabilities

 

Other long-term liabilities

 

 

2,253

 

 

2,939

Total lease liabilities

 

 

 

$

5,642

 

$

5,924

 

Schedule of supplemental information

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

(dollars in thousands)

 

2020

 

2019

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

 

 

 

 

 

 

Operating cash used by operating leases

 

$

1,231

 

 

1,238

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

 

 

1,001

 

 

578

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

 

 

 —

 

 

27

Weighted-average remaining lease term - operating leases

 

 

1.83 years

 

 

2.56 years

Weighted-average remaining lease term - finance leases

 

 

3.98 years

 

 

5 years

Weighted-average discount rate - operating leases

 

 

9%

 

 

9%

Weighted-average discount rate - finance leases

 

 

9%

 

 

9%

 

Schedule of remaining lease payments under operating leases

 

 

 

 

 

 

 

 

 

Operating Leases

 

Finance Leases

Three Months Ended March 31, 2020

 

(in thousands)

Remainder of 2020

 

$

2,988

 

$

 4

2021

 

 

2,256

 

 

 6

2022

 

 

696

 

 

 6

2023

 

 

145

 

 

 5

2024

 

 

 2

 

 

 1

Thereafter

 

 

 —

 

 

 —

Total lease payments

 

$

6,087

 

$

22

Less: interest

 

 

(467)

 

 

 —

Present value of lease liabilities

 

$

5,620

 

$

22

 

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

Three Months Ended March 31, 2020

 

(in thousands)

Remainder of 2020

 

$

2,988

 

$

 4

2021

 

 

2,256

 

 

 6

2022

 

 

696

 

 

 6

2023

 

 

145

 

 

 5

2024

 

 

 2

 

 

 1

Thereafter

 

 

 —

 

 

 —

Total lease payments

 

$

6,087

 

$

22

Less: interest

 

 

(467)

 

 

 —

Present value of lease liabilities

 

$

5,620

 

$

22