Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of Classification of Leases

Certain lease agreements include rental payments adjusted periodically for inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

		September 30, 2019
	Classification	(In thousands)
Assets
Operating	Operating lease right of use assets	$	5,328
Finance	Other assets		419
Total lease assets		$	5,747
Liabilities
Current
Operating	Operating lease liabilities	$	1,295
Finance	Other accrued liabilities		254
Noncurrent
Operating	Operating lease liabilities, long-term		4,011
Finance	Other long-term liabilities		183
Total lease liabilities		$	5,743

Schedule of Lease Cost

Our lease cost for the three and nine months ended September 30, 2019 is as follows:

		Three months ended		Nine months ended
		September 30, 2019
		(In thousands)
	Classification
Operating lease cost	Selling, general and administrative	$	474	$	1,219
Short-term lease costs	Selling, general and administrative		512		1,630
Amortization of leased assets	Selling, general and administrative		89		273
Interest on lease liabilities	Net interest expense		5		20
Total lease cost		$	1,080	$	3,142

Schedule of Maturity of Lease Obligations

The five year and beyond maturity of our lease obligations is presented below:

	Nine months ended
	September 30, 2019
	Operating		Finance
	Leases		Leases		Total
	(In thousands)
2019	$	408	$	92	$	500
2020		1,399		216		1,615
2021		695		116		811
2022		446		31		477
2023		351		4		355
After 2023		3,738		-		3,738
Total lease payments	$	7,037	$	459	$	7,496
Less: interest		1,794		23		1,817
Present value of lease liabilities	$	5,243	$	436	$	5,679

Schedule of Lease Term and Discount Rate for Operating and Finance Leases

The lease term and discount rate for our operating and finance leases is as follows:

	September 30, 2019
Weighted average remaining lease term (years)
Operating leases		12.4
Finance leases		2.0
Weighted average discount rate
Operating leases		4.8	%
Finance leases		4.3	%

Schedule of Other Information Pertaining to Lease Obligations

We had no material non-cash financing leases entered into during the three months ended September 30, 2019.

Other information pertaining to our lease obligations is as follows:

	September 30, 2019
	(In thousands)
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	472
Operating cash flows from finance leases		6
Financing cash flows from finance leases		93