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LEASES

6 Months Ended

Jun. 30, 2020

LEASES

Lessee Accounting

The Company leases buildings, office equipment, and vehicles. The following table summarizes the Company's operating and finance lease balances (in thousands):


Leases	Balance Sheet Location	June 30, 2020		December 31, 2019
Assets
Operating	Operating lease right-of-use assets	$	5,988	$	5,726
Finance	Property and equipment, net	1,815		81
Total Leased Assets		$	7,803	$	5,807

Liabilities
Operating	Operating lease liabilities, current	$	2,108	$	1,745
	Operating lease liabilities, non-current	4,341		4,413
Finance	Deferred revenue, current, and other	307		47
	Other liabilities	318		37
Total Lease Liabilities		$	7,074	$	6,242

For the three and six months ended June 30, 2020, operating lease expense was approximately $0.7 million and $1.3 million, respectively, including immaterial variable lease costs. For the three and six months ended June 30, 2019, operating lease expense was approximately $0.6 million and $1.1 million, respectively, including immaterial variable lease costs.

For the three and six months ended June 30, 2020, finance lease amortization expense was $165 thousand and $176 thousand, respectively. For the three and six months ended June 30, 2019, finance lease amortization expense was $5 thousand and $14 thousand, respectively. For the three and six months ended June 30, 2020, finance lease interest expense was $3 thousand and $4 thousand, respectively. For the three and six months ended June 30, 2019, finance lease interest expense was $0 and $1 thousand, respectively.

Supplemental cash flow information related to the Company's operating and finance leases for the six months ended June 30, 2020 and 2019, respectively, was as follows (in thousands):


	Six Months Ended June 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - operating leases	$	1,011	$	889
Operating cash outflows - finance leases	$	4	$	1
Financing cash outflows - finance leases	$	83	$	10
ROU assets obtained in exchange for new lease obligations:
Operating leases	$	316	$	341
Finance leases	$	110	$	—

The following table presents the weighted average remaining lease term and weighted average discount rate related to the Company's leases:


	June 30, 2020		December 31, 2019
Weighted average remaining lease term:
Operating	3.4 years		3.8 years
Finance	2.8 years		2.0 years
Weighted average discount rate:
Operating	4.3 %		4.4	%
Finance	2.7	%	4.0	%

The following table presents the maturity of the Company's lease liabilities as of June 30, 2020 (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
Remainder of 2020	$	1,303	$	162
2021	1,909		252
2022	1,591		115
2023	1,881		44
2024	99		34
Thereafter	179		37
Total lease payments	6,962		644
Less: imputed interest	513		19
Total lease liabilities	$	6,449	$	625

Lessor Accounting

The Company enters into sales-type leases as part of our subscription agreements. The following table presents the maturity of the Company's lease receivables as of June 30, 2020 (in thousands):


Year Ending December 31,
Remainder of 2020	$	2,288
2021	4,695
2022	4,392
2023	3,678
2024	2,723
Thereafter	2,203
Total undiscounted future maturities	19,979
Less: interest	107
Total lease receivables	$	19,872

LEASES, LESSOR