XML 58 R35.htm IDEA: XBRL DOCUMENT v3.20.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of Lease Assets and Liabilities
The following table represents the consolidated balance sheet classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet (in thousands):
March 31,December 31,
Classification20202019
Assets:
  Operating lease right-of-use assetsOther assets$5,493  $5,470  
Liabilities:
  Operating lease liabilitiesOther liabilities$5,508  $5,479  
Summary of Lease Costs and Other Information
The following table represents lease costs and other lease information, in thousands. As the Company elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance (in thousands).
Three Months Ended
March 31,
20202019
Lease costs:
  Operating lease costs$237  $146  
  Short-term lease costs—  36  
  Variable lease costs26  23  
    Total$263  $205  
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
  Operating cash flows from operating leases$230  $139  
Summary of Future Minimum Payments
Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2020, were as follows (in thousands):
Amounts
March 31, 2021$729  
March 31, 2022846  
March 31, 2023668  
March 31, 2024463  
March 31, 2025366  
Thereafter3,381  
Total future minimum lease payments6,453  
Amounts representing interest(945) 
Present value of net future minimum lease payments$5,508