XML 29 R18.htm IDEA: XBRL DOCUMENT v3.20.2
Leases
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases

Note 10 – Leases

Operating lease cost details for the three and nine months ended September 30, 2020 and 2019 are as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Nine months ended

​

​

September 30, 

​

September 30, 

​

    

2020

    

2019

    

2020

    

2019

​

​

(in thousands)

​

(in thousands)

Building rent

​

$

808

​

$

955

​

$

2,264

​

$

2,676

Automobile rentals

​

 

426

​

 

603

​

 

1,137

​

 

1,113

Total net operating lease costs

​

$

1,234

​

$

1,558

​

$

3,401

​

$

3,789

​

At September 30, 2020, the weighted average remaining lease term for our operating leases is 7.0 years. The weighted average discount rate for our operating leases is 5%.

​

During the nine months ended September 30, 2020, there were $3.0 million of operating cash payments for lease liabilities, and $3.2 million of right-of use assets obtained in exchange for new lease liabilities.

​

Maturities of our operating leases are as follows:

​

​

​

​

​

​

​

As of September 30, 2020

​

​

​

(in $ thousands)

2020 (remaining 3 months)

​

$

661

2021

​

​

3,413

2022

​

​

3,010

2023

​

​

2,429

2024

​

​

1,635

Later years

​

​

7,277

Less imputed interest

​

​

(3,291)

Total lease liabilities

​

$

15,134

​