| Components of Lease Expense and Supplemental Information |
The following table summarizes the components of the Company's lease expense recognized for the twelve months ended December 31, 2019, excluding variable lease and prepaid rent costs (in thousands): | | | | | | | | | | | December 31, 2019 | | Operating lease expense: | | | | Short-term operating lease | | $ | 5,691 | | | Long-term operating lease | | 8,681 | | | Total operating lease expense | | $ | 14,372 | | | Finance lease expense: | | | | Amortization of right-of-use assets | | $ | 19,171 | | | Interest on lease liabilities | | 5,005 | | | Total finance lease expense | | $ | 24,176 | |
Supplemental information related to leases was as follows: | | | | | | | | | | | December 31, 2019 | | Operating leases | | | | Weighted average remaining lease term | | 3.1 years | | Weighted average discount rate | | 14.8% | | |
| Finance leases | | | | Weighted average remaining lease term | | 2.1 years | | Weighted average discount rate | | 8.2% | |
Supplemental cash flow information related to leases was as follows for the year ended December 31, 2019 (in thousands): | | | | | | | | | | | Year Ended December 31, 2019 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash outflows from operating leases | | $ | 14,372 | | | Operating cash outflows from finance leases | | 5,005 | | | Financing cash outflows from finance leases | | 29,364 | | | Right-of-use assets obtained in exchange for lease obligations: | | | | Operating leases | | 2,477 | | | Finance leases | | 7,941 | |
Supplemental balance sheet information related to leases was as follows as of December 31, 2019, and December 31, 2018 (in thousands): | | | | | | | | | | | | | | | | | December 31, 2019 | | December 31, 2018 | | Right-of-Use Assets under Operating Leases | | | | | | | Operating lease right-of-use assets | | $ | 14,540 | | | $ | 20,819 | | | Operating lease right-of-use liabilities, current portion | | 4,906 | | | 5,649 | | | Operating lease right-of-use liabilities, long-term portion | | 9,634 | | | 15,170 | | | Total operating lease liabilities | | $ | 14,540 | | | $ | 20,819 | | |
| Right-of-Use Assets under Finance Leases | | | | | | | Property and equipment, at cost | | $ | 71,768 | | | $ | 67,585 | | | Less accumulated depreciation | | (27,727) | | | (16,634) | | | Property and equipment, net | | $ | 44,041 | | | $ | 50,951 | | | | | | | | | Current portion of finance leases | | $ | 18,738 | | | $ | 20,061 | | | Long-term finance leases | | 17,160 | | | 29,865 | | | Total finance lease liabilities | | $ | 35,898 | | | $ | 49,926 | |
|
| Schedule of Future Minimum Rental Payments for Operating Leases |
Future annual minimum operating lease payments were as follows (in thousands): | | | | | | | | | |
|
| | December 31, | | | 2019 | |
| 2020 | | $ | 6,618 | | | 2021 | | 5,227 | | | 2022 | | 4,393 | | | 2023 | | 942 | | | 2024 | | 721 | | | Thereafter | | 325 | | | Total lease payments | | $ | 18,226 | | | Impact of discounting | | (3,686) | | | Discounted value of operating lease obligation | | $ | 14,540 | |
|
| Schedule of Future Minimum Rental Payments for Capital Leases |
Future annual minimum operating lease payments were as follows (in thousands): | | | | | | | | | |
|
| | December 31, | | | 2019 | |
| 2020 | | $ | 6,618 | | | 2021 | | 5,227 | | | 2022 | | 4,393 | | | 2023 | | 942 | | | 2024 | | 721 | | | Thereafter | | 325 | | | Total lease payments | | $ | 18,226 | | | Impact of discounting | | (3,686) | | | Discounted value of operating lease obligation | | $ | 14,540 | |
|
| Maturities of Finance Lease Liabilities |
Future annual minimum operating lease payments were as follows (in thousands): | | | | | | | | | |
|
| | December 31, | | | 2019 | |
| 2020 | | $ | 6,618 | | | 2021 | | 5,227 | | | 2022 | | 4,393 | | | 2023 | | 942 | | | 2024 | | 721 | | | Thereafter | | 325 | | | Total lease payments | | $ | 18,226 | | | Impact of discounting | | (3,686) | | | Discounted value of operating lease obligation | | $ | 14,540 | |
|
| Maturities of Operating Lease Liabilities |
Future annual minimum operating lease payments were as follows (in thousands): | | | | | | | | | |
|
| | December 31, | | | 2019 | |
| 2020 | | $ | 6,618 | | | 2021 | | 5,227 | | | 2022 | | 4,393 | | | 2023 | | 942 | | | 2024 | | 721 | | | Thereafter | | 325 | | | Total lease payments | | $ | 18,226 | | | Impact of discounting | | (3,686) | | | Discounted value of operating lease obligation | | $ | 14,540 | |
|