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Lease Commitments
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Lease Commitments Lease Commitments
The Company leases property under operating leases with varying expiration dates between 2021 and 2025. The Company also leases equipment and automobiles under operating leases with expiration dates between 2022 and 2025. The Company determines if an arrangement is a lease at inception. The Company presents operating leases in right-of-use assets and lease liabilities, while finance leases are presented in property, equipment, and software development, net, and lease liabilities in the unaudited condensed consolidated balance sheets.
The following table presents information related to leases as of June 30, 2020 and December 31, 2019:
(In thousands)June 30, 2020December 31, 2019
Assets:
Operating leases
Right-of-use assets, net(1)
$984 $2,241 
Finance leases
Property, equipment, and software development, net(2)
118 133 
Total leased assets$1,102 $2,374 
Liabilities:
Current:
Operating leasesCurrent portion of lease liabilities$545 $2,376 
Finance leasesCurrent portion of lease liabilities47 46 
Current portion of lease liabilities592 2,422 
Noncurrent:
Operating leasesLease liabilities, net of current portion438 333 
Finance leasesLease liabilities, net of current portion58 82 
Lease liabilities, net of current portion496 415 
Total lease liabilities$1,088 $2,837 
(1) Right-of-use assets are recorded net of accumulated amortization of $1.1 million and $2.0 million as of June 30, 2020 and December 31, 2019, respectively.
(2) Finance lease assets are recorded net of accumulated depreciation of $24 thousand and $9 thousand as of June 30, 2020 and December 31, 2019, respectively.
The following table presents maturities of lease liabilities as of June 30, 2020:
(In thousands)Operating LeasesFinance Leases
2020 (excluding the six months ended June 30, 2020)
$58 $25 
2021505 51 
2022220 34 
2023207 — 
2024134 — 
Thereafter24 — 
Total lease payments1,148 110 
Imputed interest(165)(5)
Total lease liabilities983 105 
Current portion of lease liabilities545 47 
Lease liabilities, net of current portion$438 $58 
Lease Commitments Lease Commitments
The Company leases property under operating leases with varying expiration dates between 2021 and 2025. The Company also leases equipment and automobiles under operating leases with expiration dates between 2022 and 2025. The Company determines if an arrangement is a lease at inception. The Company presents operating leases in right-of-use assets and lease liabilities, while finance leases are presented in property, equipment, and software development, net, and lease liabilities in the unaudited condensed consolidated balance sheets.
The following table presents information related to leases as of June 30, 2020 and December 31, 2019:
(In thousands)June 30, 2020December 31, 2019
Assets:
Operating leases
Right-of-use assets, net(1)
$984 $2,241 
Finance leases
Property, equipment, and software development, net(2)
118 133 
Total leased assets$1,102 $2,374 
Liabilities:
Current:
Operating leasesCurrent portion of lease liabilities$545 $2,376 
Finance leasesCurrent portion of lease liabilities47 46 
Current portion of lease liabilities592 2,422 
Noncurrent:
Operating leasesLease liabilities, net of current portion438 333 
Finance leasesLease liabilities, net of current portion58 82 
Lease liabilities, net of current portion496 415 
Total lease liabilities$1,088 $2,837 
(1) Right-of-use assets are recorded net of accumulated amortization of $1.1 million and $2.0 million as of June 30, 2020 and December 31, 2019, respectively.
(2) Finance lease assets are recorded net of accumulated depreciation of $24 thousand and $9 thousand as of June 30, 2020 and December 31, 2019, respectively.
The following table presents maturities of lease liabilities as of June 30, 2020:
(In thousands)Operating LeasesFinance Leases
2020 (excluding the six months ended June 30, 2020)
$58 $25 
2021505 51 
2022220 34 
2023207 — 
2024134 — 
Thereafter24 — 
Total lease payments1,148 110 
Imputed interest(165)(5)
Total lease liabilities983 105 
Current portion of lease liabilities545 47 
Lease liabilities, net of current portion$438 $58