Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Components of Lease Expense and Supplemental Cash Flow Information
The components of lease expense were as follows (in thousands):
Successor Company Predecessor Company
Three Months Ended March 31, Three Months Ended March 31,
2020 2019
Operating lease cost (a) $ 218    $ 131   
Operating lease cost (b) 962    996   
Total operating lease cost $ 1,180    $ 1,127   

(a)  Amount is included in Cost of services in the unaudited condensed consolidated statements of operations and comprehensive income (loss).
(b)  Amount is included in Selling, general and administrative, including stock-based and long-term incentive compensation in the unaudited condensed consolidated statements of operations and comprehensive income (loss).

Remaining Lease Term and Discount Rate

The following table presents the weighted-average remaining lease term and the weighted-average discount rate:
As of March 31, 2020
Weighted-average remaining lease term for operating leases (in years) 9.3
Weighted-average discount rate for operating leases 11.7  %
The following is the supplemental cash flow information associated with the Company's leases (in thousands):
Successor Company Predecessor Company
Three Months Ended March 31, Three Months Ended March 31,
2020 2019
Cash paid for amounts included in the measurement of lease liabilities:
Lease payments included in cash flows from operating activities (a) $ 1,152    $ 1,069   
Right-of-use assets obtained in exchange for new:
Operating lease liabilities $ 429    $ 15   

(a)  Cash flow impacts from Operating lease right-of-use assets and Operating lease liabilities are presented net on the cash flow statement in changes in Payables and other liabilities.
Maturities of Lease Liabilities
As of March 31, 2020, maturities of lease liabilities were as follows:
Remainder of 2020 $ 2,947   
2021 3,573   
2022 3,435   
2023 3,118   
2024 3,065   
Thereafter 17,264   
Total lease payments $ 33,402   
Less: Interest (13,591)  
Total lease obligations $ 19,811