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Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2019
Significant Accounting Policies  
Lease Accounting

Lease Accounting

In February 2016, the FASB issued ASU No. 2016-02, Leases. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record an ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The Company adopted the standard on January 1, 2019 using the modified retrospective approach.  We recognized additional operating liabilities of $186 on adoption, with corresponding ROU assets of the same amount, based on the present value of the remaining lease payments. This standard does not affect the expense recognition of the leases currently held by the Company. On adoption, we also elected the practical expedients, which among other things, does not require reassessment of lease classification. The Company does not include short term leases in its ROU and lease liability calculations. As of March, 31, 2019, the asset and liability were $163.  These amounts are broken out into current and non-current assets. $100 is included in other current assets, and accrued liabilities and other, respectively.  $63 is included in other non-current assets and lease liability, respectively. The Company’s leases have remaining terms which range from 0.7 to 2.7 years as of March 31, 2019.