Leases (Tables)

6 Months Ended

Jun. 30, 2020

The impact of the new lease standard on the June 30, 2020 condensed consolidated balance sheet was as follows:


	Classification on the Condensed Consolidated Balance Sheet	June 30, 2020
		(in thousands, except years)
Operating lease assets	Right of use assets-operating leases	$	510

Current lease liabilities	Current operating leases	$	183
Noncurrent lease liabilities	Long-term operating leases	327
Total lease liabilities		$	510

Weighted average remaining lease term in years		2.1
Implicit Rate		3.1		%

Schedule of Cash Flow Impact


	June 30, 2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating lease cost ^{(1) (2)}	$	275

(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 $179,000 for leases with terms of 12 months or less and $96,000 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 June 30, 2020:


Years Ending December 31,	Lease Liabilities
	(in thousands)
2020 (excluding the six months ended June 30, 2020)	$	101
2021	174
2022	47
2023	38
2024	38
Thereafter	168
Total lease payments	566
Less: Imputed interest	(56)
Total	$	510