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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Components of Lease Costs, Lease Term and Discount Rate

The components of lease costs, lease term and discount rate are as follows (lease cost in thousands):

 

 

 

Three Months Ended

March 31, 2019

 

 

Finance lease cost

 

 

 

 

 

Amortization of right-of-use assets

 

$

628

 

 

Interest

 

 

189

 

 

Operating lease cost

 

 

1,090

 

 

Total lease cost

 

$

1,907

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

Operating leases

 

2.7

 

Years

Finance leases

 

0.5

 

Years

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

Operating leases

 

 

6.0

 

%

Finance leases

 

 

5.7

 

%

Schedule of Maturities of Operating and Finance Leases Liabilities

The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2019 (in thousands):

 

 

 

Operating Leases

 

 

Finance Leases

 

The remainder of 2019

 

$

3,867

 

 

$

2,220

 

2020

 

 

3,110

 

 

 

1,557

 

2021

 

 

1,596

 

 

 

107

 

2022

 

 

947

 

 

 

—

 

2023

 

 

451

 

 

 

—

 

2024

 

 

36

 

 

 

—

 

Total undiscounted cash flows

 

$

10,007

 

 

$

3,884

 

Less imputed interest

 

 

(787

)

 

 

(815

)

Present value of lease liabilities

 

$

9,220

 

 

$

3,069

 

 

Schedule of Operating Lease Commitments

As previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 and under Accounting Standard Codification Topic 840, the predecessor to Topic 842, the following is a summary of annual future minimum lease and rental commitments under noncancelable operating leases as of December 31, 2018 (in thousands):

 

Years Ending December 31,

 

Operating Lease

Commitments

 

2019

 

$

5,276

 

2020

 

 

3,101

 

2021

 

 

1,594

 

2022

 

 

782

 

2023

 

 

250

 

2024

 

 

33

 

Total lease commitments

 

$

11,036

 

 

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases are as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31, 2019

 

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

 

 

 

 

Operating cash flows from operating leases

 

 

1,202

 

Operating cash flows from financing leases

 

576

 

Financing cash flows from finance leases

 

 

48

 

 

 

 

 

 

Lease liabilities arising from obtaining right-of-use-assets:

 

 

 

 

Operating leases

 

 

—

 

Finance leases

 

 

—