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Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Leases  
Schedule of expense, cash flow information and balance sheet information related to operating and finance leases

The components of lease cost (in thousands) for the years ended December 31, 2019, 2018 and 2017 was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2019

    

2018

 

2017

Finance lease cost

 

 

 

 

 

 

 

 

 

 Amortization of right-of-use assets

 

$
1,424

 

$
1,429

 

$
506

 Interest on lease liabilities

 

 
177

 

 
303

 

 
123

  Total finance lease cost

 

 
1,601

 

 
1,732

 

 
629

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

 
1,586

 

 
1,607

 

 
1,716

 

 

 

 

 

 

 

 

 

 

Short-term lease cost

 

 

—

 

 

—

 

 

—

  Total lease cost

 

$
3,187

 

$
3,339

 

$
2,345

 

Supplemental cash flow information related to leases (in thousands) for the years ended December 31, 2019, 2018 and 2017 was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

2019

    

2018

 

2017

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 Operating cash flows from operating leases

 

$
(1,505)

 

$
(1,594)

 

$
(1,534)

 Operating cash flows from finance leases

 

$
(184)

 

$
(308)

 

$
(108)

 Financing cash flows from finance leases

 

$
(2,855)

 

$
(2,699)

 

$
(1,076)

Right-of-use assets obtained in exchange for lease obligations

 

 

 

 

 

 

 

 

 

 Operating leases

 

$
8,252

 

$

—

 

$

—

 Finance leases

 

$
121

 

$

—

 

$

—

 

Supplemental balance sheet information related to leases (in thousands) as of December 31, 2019 and 2018 was as follows:

 

 

 

 

 

 

 

 

 

December 31, 

 

 

2019

    

2018

Operating leases

 

 

 

 

 

 

 Operating lease right-of-use assets

 

$
6,605

 

$

—

 

 

 

 

 

 

 

 Operating lease liabilities - current

 

$
1,200

 

$

—

 Operating lease liabilities - long-term

 

 
5,940

 

 

—

  Total operating lease liabilities

 

$
7,140

 

$

—

 

 

 

 

 

 

 

Finance leases

 

 

 

 

 

 

 Property and equipment, at cost

 

$
8,663

 

$
8,542

 Accumulated depreciation

 

 
(3,297)

 

 
(1,922)

   Property and equipment, net

 

$
5,366

 

$
6,620

 

 

 

 

 

 

 

 Finance lease liabilities - current

 

$
2,316

 

$
2,830

 Finance lease liabilities - long-term

 

 
96

 

 
2,295

  Total finance lease liabilities

 

$
2,412

 

$
5,125

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

 

 

 

 Operating leases

 

 

6.3 years

 

 

7.3 years

 Finance leases

 

 

0.8 years

 

 

1.8 years

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

 Operating leases

 

 
5.04%

 

 

—

 Finance leases

 

 
4.67%

 

 
4.65%

 

Schedule of maturities of lease liabilities

Maturities of lease liabilities (in thousands) at December 31, 2019 are as follows:

 

 

 

 

 

 

 

 

 

Operating Leases

 

Finance Leases

January 2020 - December 2020

 

$
1,531

 

$
2,367

January 2021 - December 2021

 

 
1,348

 

 
56

January 2022 - December 2022

 

 
1,157

 

 
37

January 2023 - December 2023

 

 
1,168

 

 
8

January 2024 - December 2024

 

 
1,175

 

 

—

Thereafter

 

 
2,001

 

 

—

 Total payments under lease agreements

 

 
8,380

 

 
2,468

 

 

 

 

 

 

 

 Less imputed interest

 

 
(1,240)

 

 
(56)

 

 

 

 

 

 

 

  Total lease liabilities

 

$
7,140

 

$
2,412