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Leases | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Leases | Leases Balance Sheet Presentation Operating and finance lease amounts included in the unaudited condensed consolidated balance sheet are as follows (in thousands):
Classification |  | Financial Statement Line Item |  | June 30, 2020 |
Assets |  | Right-of-use assets, operating leases |  | $ | 35,717 |
Assets |  | Property, plant and equipment |  | 74 |
Current liabilities |  | Current portion of lease liabilities, operating leases |  | 991 |
Current liabilities |  | Current portion of lease liabilities, finance leases |  | 31 |
Non-current liabilities |  | Non-current portion of lease liabilities, operating leases |  | 36,510 |
Non-current liabilities |  | Non-current portion of lease liabilities, finance leases |  | 44 |
Total Lease Cost Individual components of the total lease cost incurred by the Company are as follows:
(in thousands) | Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020
Operating lease cost | $ | 1,035 |  |  | $ | 2,069 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | 26 |  |  | 75 |
Interest on finance lease liabilities | 7 |  |  | 24 |
Total lease cost | $ | 1,068 |  |  | $ | 2,168 |
Reduction in carrying amounts of right-of-use assets held under finance leases is included in depreciation expense. Minimum rental payments under operating leases are recognized on a straight-line method over the term of the lease including any periods of free rent and are included in selling, general, and administrative expense on the unaudited condensed consolidated statement of operations. Maturity of Leases The amounts of undiscounted future minimum lease payments under leases as of June 30, 2020 are as follows:
(in thousands) | Operating |  | Finance
Remainder of 2020 | $ | 1,829 |  |  | $ | 17 |
2021 | 3,710 |  |  | 22 |
2022 | 3,767 |  |  | 15 |
2023 | 3,803 |  |  | 15 |
2024 | 3,656 |  |  | 8 |
Thereafter | 48,577 |  |  | — |
Total undiscounted minimum future lease payments | 65,342 |  |  | 77 |
Imputed Interest | 27,841 |  |  | 2 |
Present value of lease liabilities | $ | 37,501 |  |  | $ | 75 |
Lease Term and Discount Rate
Weighted-average remaining lease term | June 30, 2020 |
Operating Leases | 15.96 years |
Finance Leases | 2.97 years |
Weighted-average discount rate |
Operating Leases | 7.31 | %
Finance Leases | 2.65 | %
During the three and six months ended June 30, 2020, no right-of-use assets were recognized in exchange for new operating lease liabilities.
Leases | Leases Balance Sheet Presentation Operating and finance lease amounts included in the unaudited condensed consolidated balance sheet are as follows (in thousands):
Classification |  | Financial Statement Line Item |  | June 30, 2020 |
Assets |  | Right-of-use assets, operating leases |  | $ | 35,717 |
Assets |  | Property, plant and equipment |  | 74 |
Current liabilities |  | Current portion of lease liabilities, operating leases |  | 991 |
Current liabilities |  | Current portion of lease liabilities, finance leases |  | 31 |
Non-current liabilities |  | Non-current portion of lease liabilities, operating leases |  | 36,510 |
Non-current liabilities |  | Non-current portion of lease liabilities, finance leases |  | 44 |
Total Lease Cost Individual components of the total lease cost incurred by the Company are as follows:
(in thousands) | Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020
Operating lease cost | $ | 1,035 |  |  | $ | 2,069 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | 26 |  |  | 75 |
Interest on finance lease liabilities | 7 |  |  | 24 |
Total lease cost | $ | 1,068 |  |  | $ | 2,168 |
Reduction in carrying amounts of right-of-use assets held under finance leases is included in depreciation expense. Minimum rental payments under operating leases are recognized on a straight-line method over the term of the lease including any periods of free rent and are included in selling, general, and administrative expense on the unaudited condensed consolidated statement of operations. Maturity of Leases The amounts of undiscounted future minimum lease payments under leases as of June 30, 2020 are as follows:
(in thousands) | Operating |  | Finance
Remainder of 2020 | $ | 1,829 |  |  | $ | 17 |
2021 | 3,710 |  |  | 22 |
2022 | 3,767 |  |  | 15 |
2023 | 3,803 |  |  | 15 |
2024 | 3,656 |  |  | 8 |
Thereafter | 48,577 |  |  | — |
Total undiscounted minimum future lease payments | 65,342 |  |  | 77 |
Imputed Interest | 27,841 |  |  | 2 |
Present value of lease liabilities | $ | 37,501 |  |  | $ | 75 |
Lease Term and Discount Rate
Weighted-average remaining lease term | June 30, 2020 |
Operating Leases | 15.96 years |
Finance Leases | 2.97 years |
Weighted-average discount rate |
Operating Leases | 7.31 | %
Finance Leases | 2.65 | %
During the three and six months ended June 30, 2020, no right-of-use assets were recognized in exchange for new operating lease liabilities.

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- References No definition available. + Details
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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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