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Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases

Leases

The Company leases office space and equipment under various operating and finance leases, which generally are expected to be renewed or replaced by other leases. The components of lease cost were as follows:

Components of Lease Cost
						Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)						2019												2019
Finance lease cost:
Amortization of right-of-use assets						$	34											$	65
Interest on lease liabilities						3												5
Operating lease cost						1,088												2,112
Short-term lease cost						180												232
Variable lease cost						122												227
Total lease cost						$	1,427											$	2,641

Rent expense for the three and six months ending June 30, 2018 was immaterial.

Maturities of lease liabilities were as follows:

Future Minimum Lease Payments
						June 30, 2019																		December 31, 2018
(in thousands)						Operating Leases						Finance Leases						Operating Leases						Capital Leases
2019						$	1,965		(a)			$	77		(a)			$	3,310					$	125
2020						3,009						124						2,453						97
2021						1,743						88						1,308						62
2022						1,117						49						743						24
2023						655						26						419						1
Thereafter						1,205						24						79						—
Total minimum lease payments						$	9,694					$	388					$	8,312					$	309
Less imputed interest						(690)						(25)						—						(11)
Total lease liabilities						$	9,004					$	363					$	8,312					$	298
(a) Amounts represent remaining six months of payments due for 2019.

Future Lease Commencements

As of June 30, 2019, we have additional operating leases, that have not yet commenced in the amount of $88,000. These operating leases will commence in fiscal year 2019.

Supplemental balance sheet information related to leases was as follows:

Operating Leases
(in thousands)						June 30, 2019
Other non-current assets						$	8,950
Accrued liabilities						3,382
Other long-term liabilities						5,622
Total operating lease liabilities						$	9,004
Finance Leases
(in thousands)						June 30, 2019
Property, plant and equipment, gross						$	629
Accumulated Depreciation						(297)
Property, plant and equipment, net						$	332
Current maturities of long-term debt and finance lease obligations									$	131
Long-term debt and finance lease obligations, net of current maturities									232
Total finance lease liabilities						$	363
Weighted Average Remaining Lease Term
Operating leases						3.58 years
Finance leases						4.10 years
Weighted Average Discount Rate
Operating leases						3.33		%
Finance leases						3.36		%

Supplemental Cash Flow information related to leases was as follows:

						Six Months Ended June 30,
(in thousands)						2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases						$	7
Operating cash flows from operating leases						2,108
Financing cash flows from finance leases						76

Leases

Leases

The Company leases office space and equipment under various operating and finance leases, which generally are expected to be renewed or replaced by other leases. The components of lease cost were as follows:

Components of Lease Cost
						Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)						2019												2019
Finance lease cost:
Amortization of right-of-use assets						$	34											$	65
Interest on lease liabilities						3												5
Operating lease cost						1,088												2,112
Short-term lease cost						180												232
Variable lease cost						122												227
Total lease cost						$	1,427											$	2,641

Rent expense for the three and six months ending June 30, 2018 was immaterial.

Maturities of lease liabilities were as follows:

Future Minimum Lease Payments
						June 30, 2019																		December 31, 2018
(in thousands)						Operating Leases						Finance Leases						Operating Leases						Capital Leases
2019						$	1,965		(a)			$	77		(a)			$	3,310					$	125
2020						3,009						124						2,453						97
2021						1,743						88						1,308						62
2022						1,117						49						743						24
2023						655						26						419						1
Thereafter						1,205						24						79						—
Total minimum lease payments						$	9,694					$	388					$	8,312					$	309
Less imputed interest						(690)						(25)						—						(11)
Total lease liabilities						$	9,004					$	363					$	8,312					$	298
(a) Amounts represent remaining six months of payments due for 2019.

Future Lease Commencements

As of June 30, 2019, we have additional operating leases, that have not yet commenced in the amount of $88,000. These operating leases will commence in fiscal year 2019.

Supplemental balance sheet information related to leases was as follows:

Operating Leases
(in thousands)						June 30, 2019
Other non-current assets						$	8,950
Accrued liabilities						3,382
Other long-term liabilities						5,622
Total operating lease liabilities						$	9,004
Finance Leases
(in thousands)						June 30, 2019
Property, plant and equipment, gross						$	629
Accumulated Depreciation						(297)
Property, plant and equipment, net						$	332
Current maturities of long-term debt and finance lease obligations									$	131
Long-term debt and finance lease obligations, net of current maturities									232
Total finance lease liabilities						$	363
Weighted Average Remaining Lease Term
Operating leases						3.58 years
Finance leases						4.10 years
Weighted Average Discount Rate
Operating leases						3.33		%
Finance leases						3.36		%

Supplemental Cash Flow information related to leases was as follows:

						Six Months Ended June 30,
(in thousands)						2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases						$	7
Operating cash flows from operating leases						2,108
Financing cash flows from finance leases						76

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- References

No definition available.

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- Definition

The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

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X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

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