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LEASES (Tables)
6 Months Ended
Jun. 30, 2019
Lessee Disclosure [Abstract]  
Summary of Operating Lease Assets and Liabilities

 

Leases (In thousands)

 

Classification

 

June 30, 2019

Assets:

 

 

 

 

 

 

 

Operating

 

Other assets

 

$

4,651

 

 

Liabilities:

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

Operating

 

Other current liabilities

 

 

710

 

 

Noncurrent

 

 

 

 

 

 

 

Operating

 

Other liabilities

 

 

4,420

 

 

Total lease liabilities

 

 

 

$

5,130

 

 

 

Summary of Maturity of Operating Lease Liabilities

 

Maturity of lease liabilities (In thousands)

 

Operating leases

2019

 

$

794

 

 

2020

 

 

1,221

 

 

2021

 

 

1,182

 

 

2022

 

 

990

 

 

2023

 

 

740

 

 

After 2023

 

 

1,187

 

 

Total lease payments

 

$

6,114

 

 

Less: Interest

 

 

984

 

 

Present value of lease liabilities

 

$

5,130

 

 

 

Summary of Lease Costs

 

 

 

 

Three Months Ended

 

Six Months Ended

Lease costs (In thousands)

 

Classification

 

June 30, 2019

 

June 30, 2019

Operating lease costs

 

General and administrative

 

$

528

 

 

 

 

1,190

 

 

Short-term leases

 

General and administrative

 

 

629

 

 

 

 

1,083

 

 

Variable lease costs

 

General and administrative

 

 

270

 

 

 

 

604

 

 

Sublease income

 

General and administrative

 

 

(1

)

 

 

 

(3

)

 

Net lease cost

 

 

 

$

1,426

 

 

 

 

2,874

 

 

 

Summary of Lease Term and Discount Rate

Lease term and discount rate

 

June 30, 2019

 

 

 

 

 

 

Weighted average remaining lease term in years

 

 

4.2

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

7.0

 

%

 

Summary Future Minimum Rental Commitments Future minimum rental commitments under these leases as of December 31, 2018 are as follows:

 

 

Minimum

Year ending (In thousands)

 

rental commitments

2019

 

$

3,511

 

 

2020

 

 

2,804

 

 

2021

 

 

2,501

 

 

2022

 

 

2,455

 

 

2023

 

 

1,734

 

 

After 2023

 

 

2,495

 

 

Total lease payments

 

$

15,500