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Leases

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
(in thousands)						2019												2019
Finance lease cost:
Amortization of right-of-use assets						$	33											$	98
Interest on lease liabilities						3												8
Operating lease cost						1,095												3,207
Short-term lease cost						79												311
Variable lease cost						120												347
Total lease cost						$	1,330											$	3,971

Rent expense for the three and nine months ending September 30, 2018 was immaterial.

Maturities of lease liabilities were as follows:

Future Minimum Lease Payments
						September 30, 2019																		December 31, 2018
(in thousands)						Operating Leases						Finance Leases						Operating Leases						Capital Leases
2019						$	1,008		(a)			$	37		(a)			$	3,310					$	125
2020						3,215						115						2,453						97
2021						1,900						79						1,308						62
2022						1,244						41						743						24
2023						713						17						419						1
Thereafter						1,225						35						79						—
Total minimum lease payments						$	9,305					$	324					$	8,312					$	309
Less imputed interest						(658)						(19)						—						(11)
Total lease liabilities						$	8,647					$	305					$	8,312					$	298
(a) Amounts represent remaining three months of payments due for 2019.

Future Lease Commencements

As of September 30, 2019, we have additional operating leases, that have not yet commenced in the amount of $321,000. These operating leases will commence in fiscal year 2019.

Supplemental balance sheet information related to leases was as follows:

Operating Leases
(in thousands)						September 30, 2019
Other non-current assets						$	8,569
Accrued liabilities						3,314
Other long-term liabilities						5,333
Total operating lease liabilities						$	8,647
Finance Leases
(in thousands)						September 30, 2019
Property, plant and equipment, gross						$	629
Accumulated Depreciation						(324)
Property, plant and equipment, net						$	305
Current maturities of long-term debt and finance lease obligations									$	113
Long-term debt and finance lease obligations, net of current maturities									192
Total finance lease liabilities						$	305
Weighted Average Remaining Lease Term
Operating leases						4.07 years
Finance leases						3.40 years
Weighted Average Discount Rate
Operating leases						3.40		%
Finance leases						3.34		%

Supplemental Cash Flow information related to leases was as follows:

						Nine Months Ended September 30,
(in thousands)						2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases						$	11
Operating cash flows from operating leases						3,146
Financing cash flows from finance leases						97

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 September 30,												Nine Months Ended September 30,
(in thousands)						2019												2019
Finance lease cost:
Amortization of right-of-use assets						$	33											$	98
Interest on lease liabilities						3												8
Operating lease cost						1,095												3,207
Short-term lease cost						79												311
Variable lease cost						120												347
Total lease cost						$	1,330											$	3,971

Rent expense for the three and nine months ending September 30, 2018 was immaterial.

Maturities of lease liabilities were as follows:

Future Minimum Lease Payments
						September 30, 2019																		December 31, 2018
(in thousands)						Operating Leases						Finance Leases						Operating Leases						Capital Leases
2019						$	1,008		(a)			$	37		(a)			$	3,310					$	125
2020						3,215						115						2,453						97
2021						1,900						79						1,308						62
2022						1,244						41						743						24
2023						713						17						419						1
Thereafter						1,225						35						79						—
Total minimum lease payments						$	9,305					$	324					$	8,312					$	309
Less imputed interest						(658)						(19)						—						(11)
Total lease liabilities						$	8,647					$	305					$	8,312					$	298
(a) Amounts represent remaining three months of payments due for 2019.

Future Lease Commencements

As of September 30, 2019, we have additional operating leases, that have not yet commenced in the amount of $321,000. These operating leases will commence in fiscal year 2019.

Supplemental balance sheet information related to leases was as follows:

Operating Leases
(in thousands)						September 30, 2019
Other non-current assets						$	8,569
Accrued liabilities						3,314
Other long-term liabilities						5,333
Total operating lease liabilities						$	8,647
Finance Leases
(in thousands)						September 30, 2019
Property, plant and equipment, gross						$	629
Accumulated Depreciation						(324)
Property, plant and equipment, net						$	305
Current maturities of long-term debt and finance lease obligations									$	113
Long-term debt and finance lease obligations, net of current maturities									192
Total finance lease liabilities						$	305
Weighted Average Remaining Lease Term
Operating leases						4.07 years
Finance leases						3.40 years
Weighted Average Discount Rate
Operating leases						3.40		%
Finance leases						3.34		%

Supplemental Cash Flow information related to leases was as follows:

						Nine Months Ended September 30,
(in thousands)						2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases						$	11
Operating cash flows from operating leases						3,146
Financing cash flows from finance leases						97

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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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