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Leases (Tables)
 6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Summary of Operating and Financing Leases

 

The following table summarizes the Company’s operating and financing leases as of and for the six months ended June 30, 2019:

 

(in thousands)

 

U.S.

 

 

Ireland

 

 

Total

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

475

 

 

$

112

 

 

$

587

 

Financing lease cost

 

 

19

 

 

 

—

 

 

 

19

 

Sublease income

 

 

(215

)

 

 

(93

)

 

 

(308

)

Total

 

$

279

 

 

$

19

 

 

 

298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows out from operating leases

 

 

(516

)

 

 

(112

)

 

 

(628

)

Operating cash flows in from operating leases

 

 

215

 

 

 

93

 

 

 

308

 

Operating cash flows from financing leases

 

 

(24

)

 

 

—

 

 

 

(24

)

Right-of-use assets exchanged for new operating lease liabilities

 

 

874

 

 

 

—

 

 

 

874

 

Weighted average remaining lease term

 

 

1.7

 

 

 

2.1

 

 

 

 

 

Weighted average discount rate - operating leases

 

 

8

%

 

 

8

%

 

 

 

 
Schedule of Maturity of Operating Leases Excluding Short-Term Leases

 

           Maturities of the Company’s operating leases, excluding short-term leases, are as follows:

 

(in thousands)

 

U.S.

 

 

Ireland

 

 

Total

 

Six months ended December 31, 2019

 

$

472

 

 

$

107

 

 

$

579

 

Year ended December 31, 2020

 

 

936

 

 

 

213

 

 

 

1,149

 

Year ended December 31, 2021

 

 

190

 

 

 

124

 

 

 

314

 

Total

 

 

1,598

 

 

 

444

 

 

 

2,042

 

Less present value discount

 

 

(108

)

 

 

(36

)

 

 

(144

)

Operating lease liabilities included in the condensed consolidated balance sheets at June 30, 2019

 

$

1,490

 

 

$

408

 

 

$

1,898