Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of leasing activity as lessee

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

Lease Type	Income Statement Classification	Amount
(Dollars in thousands)
Consolidated operating lease expense	Operating expenses	$	5,887
Consolidated financing lease amortization	Depreciation and amortization		305
Consolidated financing lease interest	Interest expense		61
Consolidating financing lease expense			366
Net lease cost		$	6,253

The value of the net assets and liabilities generated by the leasing activity of the Company as lessee as of December 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	$	13,481
Total ROU financing lease assets (2)	Property and equipment, net		2,430
Total lease assets		$	15,911
Total current operating lease obligation	Operating lease liabilities	$	2,742
Total current financing lease obligation	Accrued and other current liabilities		593
Total current lease obligation		$	3,335
Total long term operating lease obligation	Operating lease long term liabilities	$	11,182
Total long term financing lease obligation	Other long term liabilities		1,860
Total long term lease obligation		$	13,042

⁽¹⁾ Operating lease assets are recorded net of accumulated amortization of $2.3 million as of December 31, 2019 

⁽²⁾ Financing lease assets are recorded net of accumulated amortization of $0.4 million as of December 31, 2019

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

Cash Flow Source	Classification	Amount
(Dollars in thousands)
Operating cash outflows from operating leases	Operating activities	$	6,140
Operating cash outflows from financing leases	Operating activities		54
Financing cash outflows from financing leases	Financing activities		293

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 December 31, 2019 were as follows:

Maturity Date of Lease Liabilities	Operating Leases		Financing Leases		Total
(Dollars in thousands)
Year one	$	3,391		708		4,099
Year two		3,298		661		3,959
Year three		3,169		599		3,768
Year four		2,509		517		3,026
Year five		2,181		256		2,437
Subsequent years		1,266		—		1,266
Total lease payments		15,814		2,741		18,555
Less: Interest		1,900		289		2,189
Present value of lease liabilities	$	13,914		2,452		16,366

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 December 31, 2019 were as follows:

Lease Type	Weighted Average Term in Years	Weighted Average Interest Rate
Operating leases	4.9	5.3
Financing leases	4.2	5.3