Leases (Tables)

3 Months Ended

Mar. 31, 2020

The impact of the new lease standard on the March 31, 2020 condensed consolidated balance sheet was as follows:


	Classification on the Condensed Consolidated Balance Sheet	March 31, 2020
		(in thousands, except years)
Operating lease assets	Right of use assets-operating leases	$	559

Current lease liabilities	Current operating leases	$	187
Noncurrent lease liabilities	Long-term operating leases	372
Total lease liabilities		$	559

Weighted average remaining lease term in years		2.3
Implicit Rate		3.1		%

Schedule of Cash Flow Impact


	March 31, 2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating lease cost ^{(1) (2)}	$	122

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

(2) Includes costs of $74,000 for leases with terms of 12 months or less and $48,000 for leases with terms greater than 12 months.

Schedule of Future Maturities of Lease Liabilities

The following table shows the future maturities of lease liabilities as of March 31, 2020:


Years Ending December 31,	Lease Liabilities
	(in thousands)
2020 (excluding the three months ended March 31, 2020)	$	154
2021	174
2022	47
2023	38
2024	38
Thereafter	168
Total lease payments	619
Less: Imputed interest	(60)
Total	$	559