Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease Information



($ in thousands)	Three Months Ended March 31, 2020				Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	947			$	1,133
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	$	—			$	113
Finance leases	—				—

The components of lease expense were as follows:



($ in thousands)	Classification in the Condensed Consolidated Statements of Income	Three Months Ended March 31, 2020				Three Months Ended March 31, 2019
Operating lease cost (a)	Cost of sales, exclusive of depreciation and amortization	$	920			$	1,139
Operating lease cost (a)	Selling, general and administrative	48				34
Total operating lease cost		$	968			$	1,173

Finance lease cost:
Amortization of right-of-use assets	Depreciation	$	—			—
Interest on lease liabilities	Interest Expense	—				—
Total finance lease cost		$	—			$	—

Total lease cost		$	968			$	1,173

(a) Short-term lease costs were approximately $0.1 million and $0.1 million during the periods, respectively.

Lease Information



	March 31, 2020
Weighted-average remaining lease term (in years):
Operating leases	4.3
Finance leases	0.0
Weighted-average discount rate:
Operating leases	4.5	%
Finance leases	—	%



($ in thousands)	Classification on the Condensed Consolidated Balance Sheets	March 31, 2020				December 31, 2019
Assets:
Operating	Operating lease assets	$	12,711			$	13,512
Finance	Property, plant, and equipment	—				—
Total leased assets		$	12,711			$	13,512

Liabilities:
Current
Operating	Current portion of operating lease liabilities	$	3,153			$	3,174
Finance	Short-term debt and current portion of long-term debt	—				—
Noncurrent
Operating	Operating lease liabilities	9,558				10,338
Finance	Long-term debt	—				—
Total lease liabilities		$	12,711			$	13,512

Operating Lease Maturities

As of March 31, 2020, maturities of lease liabilities were as follows:



($ in thousands)	Operating Leases				Finance Leases
2020	$	2,756			$	—
2021	3,540				—
2022	3,218				—
2023	2,329				—
2024	1,026				—
Thereafter	1,082				—
Total lease payments	$	13,951			$	—
Less: Interest	1,240				—
Total lease obligations	$	12,711			$	—

Finance Lease Maturities

As of March 31, 2020, maturities of lease liabilities were as follows:



($ in thousands)	Operating Leases				Finance Leases
2020	$	2,756			$	—
2021	3,540				—
2022	3,218				—
2023	2,329				—
2024	1,026				—
Thereafter	1,082				—
Total lease payments	$	13,951			$	—
Less: Interest	1,240				—
Total lease obligations	$	12,711			$	—