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LEASES (Tables)
12 Months Ended
Dec. 31, 2019
LEASES  
Schedule of components of lease expense

 

 

 

 

Lease Cost/(Sublease Income) (in thousands)

 

Year Ended December 31, 2019

Operating lease cost

 

$

4,846

Short-term lease cost

 

 

2,429

Sublease income

 

 

(66)

Total lease cost

 

$

7,209

 

Schedule of right-of use assets and lease liabilities

 

 

 

 

 

 

Lease Assets/Liabilities (in thousands)

 

Balance Sheet Classification

 

December 31, 2019

Lease Assets 

 

 

 

 

 

Right-of-use assets

 

Other long-term assets

 

$

5,743

 

 

 

 

 

 

Lease Liabilities

 

 

 

 

 

Short-term lease liabilities

 

Other current liabilities

 

$

2,985

Long-term lease liabilities

 

Other long-term liabilities

 

 

2,939

Total lease liabilities

 

 

 

$

5,924

 

Schedule of supplemental information

 

 

 

 

(dollars in thousands)

 

Year Ended December 31, 2019

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

 

 

 

Operating cash used by operating leases

 

$

4,884

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

10,255

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

27

Weighted-average remaining lease term - operating leases

 

 

2.09 years

Weighted-average remaining lease term - finance leases

 

 

4.23 years

Weighted-average discount rate - operating leases

 

 

9%

Weighted-average discount rate - finance leases

 

 

9%

 

Schedule of remaining lease payments under operating leases

 

 

 

 

 

 

 

 

 

Operating Leases

 

Finance Leases

Year Ended December 31,

 

(in thousands)

2020

 

$

3,395

 

$

 6

2021

 

 

2,215

 

 

 6

2022

 

 

695

 

 

 6

2023

 

 

145

 

 

 6

2024

 

 

 2

 

 

 2

Thereafter

 

 

 —

 

 

 —

Total lease payments

 

$

6,452

 

$

26

Less: interest

 

 

(554)

 

 

 —

Present value of lease liabilities

 

$

5,898

 

$

26

 

Schedule of remaining lease payments under finance leases

 

 

 

 

(dollars in thousands)

 

Year Ended December 31, 2019

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

 

 

 

Operating cash used by operating leases

 

$

4,884

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

10,255

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

27

Weighted-average remaining lease term - operating leases

 

 

2.09 years

Weighted-average remaining lease term - finance leases

 

 

4.23 years

Weighted-average discount rate - operating leases

 

 

9%

Weighted-average discount rate - finance leases

 

 

9%

Total remaining lease payments under the Company’s operating and finance leases are as follows:

 

 

 

 

 

 

 

 

 

Operating Leases

 

Finance Leases

Year Ended December 31,

 

(in thousands)

2020

 

$

3,395

 

$

 6

2021

 

 

2,215

 

 

 6

2022

 

 

695

 

 

 6

2023

 

 

145

 

 

 6

2024

 

 

 2

 

 

 2

Thereafter

 

 

 —

 

 

 —

Total lease payments

 

$

6,452

 

$

26

Less: interest

 

 

(554)

 

 

 —

Present value of lease liabilities

 

$

5,898

 

$

26