Leases (Tables)

9 Months Ended

Sep. 30, 2019

The components of lease expense were as follows (in thousands):



	Income Statement Location	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease cost	Operations and maintenance	$	227	$	683
Variable lease cost	Operations and maintenance	39		121
Total lease cost		$	266	$	804

Supplemental balance sheet information related to leases was as follows (in thousands):



	Balance Sheet Location	As of September 30, 2019
Assets:
Operating lease assets	Other assets, non-current	$	14,171
Total lease assets		$	14,171

Liabilities:
Current:
Operating leases	Accrued liabilities	$	198

Noncurrent:
Operating leases	Other deferred credits and other liabilities	13,993
Total lease liabilities		$	14,191

Supplemental cash flow information related to leases was as follows (in thousands):



	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	676
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—



	As of September 30, 2019
Weighted average remaining lease term (years):
Operating leases	30 years

Weighted average discount rate:
Operating leases	4.4	%

Scheduled maturities of operating lease liabilities for future years were as follows (in thousands):



	Total
2019 ^(a)	$	231
2020	856
2021	856
2022	856
2023	853
Thereafter	21,947
Total lease payments	$	25,599
Less imputed interest	11,408
Present value of lease liabilities	$	14,191

(a)

Includes lease obligations for the remaining three months of 2019.

BLACK HILLS POWER INC 10-Q