Operating Leases (Notes)
|3 Months Ended|
Mar. 31, 2020
|Operating Leases [Abstract]|
6. OPERATING LEASES
As of March 31, 2020, the Company leased-in two U.S.-flag petroleum and chemical carriers, four U.S.-flag harbor tugs, four U.S.-flag PCTCs, 50 inland river dry-cargo barges, four inland river towboats, six inland river harbor boats and certain facilities and other equipment. The leases generally contain purchase and renewal options or rights of first refusal with respect to the sale or lease of the equipment. As of March 31, 2020, the lease terms of the U.S.-flag petroleum and chemical carriers, which are subject to subleases, have remaining durations of 30 and 77 months. The lease terms of the other vessels, facilities and equipment range in duration from 1 to 192 months.
For the three months ended March 31, the components of lease expense were as follows (in thousands):
For the three months ended March 31, 2020, other information related to operating leases was as follows (in thousands except weighted average data):