Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of leasing activity as lessee

The expenses generated by the lease activity of the Company as lessee for the three months ended March 31, 2019 were as follows: 

Lease Type	Income Statement Classification	Amount
(Dollars in thousands)
Consolidated operating lease expense	Operating expenses	$	986
Consolidated financing lease amortization	Operating expenses		17
Consolidated financing lease interest	Interest expense		2
Consolidating financing lease expense			19
Net lease cost	Operating expenses	$	1,005

The value of the net assets and liabilities generated by the leasing activity of the Company as lessee as of March 31, 2019 were as follows:

Lease Type	Balance Sheet Classification	Amount
(Dollars in thousands)
Total ROU operating lease assets (1)	Operating lease right-of-use assets, net	$	11,954
Total ROU financing lease assets (2)	Property and equipment, net		220
Total lease assets		$	12,174
Total current operating lease obligation	Operating lease liabilities	$	3,082
Total current financing lease obligation	Accrued and other current liabilities		70
Total current lease obligation		$	3,152
Total long term operating lease obligation	Operating lease long term liabilities	$	9,280
Total long term financing lease obligation	Other long term liabilities		159
Total long term lease obligation		$	9,439

⁽¹⁾ Operating lease assets are recorded net of accumulated amortization of $0.8 million as of March 31, 2019

⁽²⁾ Financing lease assets are recorded net of accumulated amortization of $0.1 million as of March 31, 2019

The cash outflows of the leasing activity of the Company as lessee for the three months ended March 31, 2019 were as follows:

Cash Flow Source	Classification	Amount
(Dollars in thousands)
Operating cash outflows from operating leases	Operating activities	$	980
Operating cash outflows from financing leases	Operating activities		2
Financing cash outflows from financing leases	Financing activities		17

Schedule of maturity date of lease liabilities

The future minimum lease payments for finance and operating lease liabilities of the Company as lessee as of March 31, 2019 were as follows:

Maturity Date of Lease Liabilities	Operating Leases		Financing Leases		Total
(Dollars in thousands)
Year one	$	3,665	$	77	$	3,742
Year two		2,831		72		2,903
Year three		2,680		61		2,741
Year four		2,322		32		2,354
Year five		1,081		1		1,082
Subsequent years		1,462		—		1,462
Total lease payments		14,041		243		14,284
Less: Interest		1,679		14		1,693
Present value of lease liabilities	$	12,362	$	229	$	12,591

Schedule of weighted average remaining lease terms and discount rates held

The weighted average remaining lease terms and discount rates of the leases held by the Company as of March 31, 2019 were as follows:

Lease Type	Weighted Average Term in Years		Weighted Average Interest Rate
Operating leases		4.7		5.5
Financing leases		3.3		3.6