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Leases (Tables)

3 Months Ended

Mar. 31, 2019

The impact of the new lease standard on the March 31, 2019 consolidated balance sheet was as follows:


	Classification on the Condensed Consolidated Balance Sheet	March 31, 2019
		(in thousands, except years)
Operating lease assets	Right of use assets-operating leases	$	541

Current lease liabilities	Current operating leases	148
Noncurrent lease liabilities	Long-term operating leases	393
Total lease liabilities, net		541

Weighted average remaining lease term in years		3.1
Implicit Rate		3.8		%

Schedule of Cash Flow Impact


	March 31, 2019
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating lease cost⁽¹⁾	$	48

(1) Lease costs are classified on the condensed consolidated statements of income in cost of sales, cost of compressors and selling, general and administrative expenses.

Schedule of Future Maturities of Lease Liabilities

The following table shows the future maturities of lease liabilities:


Years Ending December 31,	Lease Liabilities
	(in thousands)
2019 (excluding the three months ended March 31, 2019)	$	134
2020	$	116
2021	$	95
2022	$	43
2023	$	35
Thereafter	$	190
Total lease payments	$	613
Less: Imputed interest	$	72
Total	$	541

Schedule of Future Minimum Obligations Under Lease Commitments

As previously disclosed on Form 10-K and under the previous lease standard (Topic 840), future minimum obligations under lease commitments in effect at December 31, 2018 as follows:


			Operating Leases
			(in thousands)
2019			298
2020			118
2021			97
2022			44
2023			35
Thereafter			15
Total			607