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Lease Commitments
12 Months Ended
Dec. 31, 2019
Lease Commitments  
Lease Commitments

Note 14.  Lease Commitments

The Company leases property under operating leases with varying expiration dates between 2020 and 2025. The Company also leases equipment and automobiles under operating leases with expiration dates between 2021 and 2024.  The Company determines if an arrangement is a lease at inception. The Company presents the operating leases in long-term assets and current and long-term liabilities. Finance lease assets are included in property and equipment, net, and finance lease liabilities are presented in current and long-term liabilities in the accompanying consolidated balance sheet as of December 31, 2019.

As of December 31, 2019, the Company had 10 leased properties with remaining lease terms that ranged from of 1.0 year to 5.5 years. Two leases expired on December 31, 2019. The Company is also party to three equipment leases and 41 automobile leases.  Many of our leases include options to extend the term with several allowed to renew indefinitely.

The components of the lease expense recorded in the consolidated statement of operations were as follows:

 

 

 

 

 

    

Year ended December 31, 2019

Operating lease cost

 

$

2,313

Finance lease cost:

 

 

  

Amortization of assets

 

 

 9

Interest on lease liabilities

 

 

 2

Total net lease cost

 

$

2,324

 

Supplemental balance sheet information related to leases was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

As of 

Leases

    

Classification

    

December31, 2019

Assets:

 

  

 

 

  

 

Operating lease assets

 

 

Operating right-of-use asset, net of accumulated amortization (1)

 

$

2,241

Finance lease assets

 

 

Property and equipment, net of accumulated depreciation (2)

 

 

133

Total leased assets

 

 

 

 

$

2,374

 

 

 

 

 

 

 

Liabilities:

 

 

  

 

 

  

Current

 

 

  

 

 

  

Operating

 

 

Operating lease liability, current

 

$

2,376

Finance

 

 

Financing lease liability, current

 

 

46

Noncurrent

 

 

  

 

 

  

Operating

 

 

Operating lease liability, noncurrent

 

 

333

Finance

 

 

Finance lease liability, noncurrent

 

 

82

Total lease liabilities

 

 

 

 

$

2,837


(1)

Operating lease assets are recorded net of accumulated amortization of $2,006 as of December 31, 2019.

(2)

Finance lease assets are recorded net of accumulated depreciation of $9 as of December 31, 2019.

 

Supplemental cash flow and other information related to leases was as follows:

 

 

 

 

 

 

 

 

Year Ended

 

 

    

December 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

  

 

 

Operating cash outflows from operating leases

 

$

1,656

 

Operating cash outflows from finance leases (interest)

 

$

 2

 

Financing cash outflows from finance leases

 

$

17

 

Weighted-average remaining lease term (in years):

 

 

  

 

Operating leases

 

 

1.64

 

Finance leases

 

 

2.67

 

Weighted-average discount rate:

 

 

  

 

Operating leases

 

 

9.22

%

Finance leases

 

 

5.00

%

 

Maturities of lease liabilities were as follows:

 

 

 

 

 

 

 

 

 

 

As of December 31, 2019

 

 

Operating 

 

Finance 

 

 

Leases

 

Leases

2020

    

$

2,524

    

$

51

2021

 

 

196

 

 

51

2022

 

 

54

 

 

34

2023

 

 

45

 

 

 —

2024

 

 

45

 

 

 —

Thereafter

 

 

22

 

 

 —

Total lease payments

 

 

2,886

 

 

136

Less: imputed interest

 

 

(177)

 

 

(8)

Total lease liabilities

 

 

2,709

 

 

128

Less: current liabilities

 

 

(2,376)

 

 

(46)

Long-term lease liabilities

 

$

333

 

$

82

 

As of December 31, 2019, the Company had additional operating lease obligations totaling $551 that had not yet commenced, all of which commenced in 2020 and had lease terms ranging from of 3 to 4 years.