Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.20.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease information
($ in thousands)
December 31, 2019
 
December 31, 2018
 
December 31, 2017
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
 
 
Operating cash flows used for operating leases
$
4,389

 
$

 
$

Operating cash flows used for finance leases

 

 

Financing cash flows used for finance leases

 

 

Right-of-use assets obtained in exchange for lease obligations:
 
 
 
 
 
Operating leases
$
81

 
$

 
$

Finance leases

 

 

The components of lease expense were as follows:
($ in thousands)
Classification in the Consolidated Statements of Operations
December 31, 2019
December 31, 2018
December 31, 2017
Operating lease cost (a)
Cost of sales, exclusive of depreciation and amortization
$
4,361

$

$

Operating lease cost (a)
Selling, general and administrative
137



Total operating lease cost
 
$
4,498

$

$

 
 
 
 
 
Finance lease cost:
 
 
 
 
Amortization of right-of-use assets
Depreciation



Interest on lease liabilities
Interest Expense



Total finance lease cost
 
$

$

$

 
 
 
 
 
Total lease cost
 
$
4,498

$

$

 
 
 
 
 
(a) Short-term lease costs were approximately $64,000, nil and nil as of December 31, 2019, 2018 and 2017, respectively.
Lease information
($ in thousands)
Classification on the Consolidated Balance Sheets
December 31, 2019
Assets:
 
 
Operating
Operating lease assets
$
13,512

Finance
Property, plant, and equipment

Total leased assets
 
$
13,512

 
 
 
Liabilities:
 
 
Current
 
 
Operating
Current portion of operating lease liabilities
$
3,174

Finance
Short-term debt and current portion of long-term debt

Noncurrent
 
 
Operating
Operating lease liabilities
10,338

Finance
Long-term debt

Total lease liabilities
 
$
13,512

 
December 31, 2019
Weighted-average remaining lease term (in years):
 
Operating leases
4.5

Finance leases
0.0

Weighted-average discount rate:
 
Operating leases
4.5
%
Finance leases
%
Operating lease maturities
As of December 31, 2019, maturities of lease liabilities were as follows:
($ in thousands)
Operating Leases
Finance Leases
2020
$
3,703

$

2021
3,540


2022
3,218


2023
2,329


2024
1,026


Thereafter
1,082


Total lease payments
$
14,898

$

Less: Interest
1,386


Total lease obligations
$
13,512

$

Finance lease maturities
As of December 31, 2019, maturities of lease liabilities were as follows:
($ in thousands)
Operating Leases
Finance Leases
2020
$
3,703

$

2021
3,540


2022
3,218


2023
2,329


2024
1,026


Thereafter
1,082


Total lease payments
$
14,898

$

Less: Interest
1,386


Total lease obligations
$
13,512

$

Operating leases, future minimum rental payments
December 31, 2018 that have initial or remaining lease terms in excess of one year are as follows
($ in thousands)
Operating Leases
2019
$
3,670

2020
3,583

2021
3,418

2022
3,107

2023
2,288

Beyond 2023
2,065