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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Net Lease Investment The gross lease payments receivable and the net investment included in accounts receivable for such leases are as follows:

 

As of December 31,

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

Gross direct finance lease payments receivable

$

13,959

 

 

$

12,541

 

Less - unearned interest

 

(2,562

)

 

 

(2,635

)

Net investment in direct financing leases

$

11,397

 

 

$

9,906

 

Future Minimum Capital Lease Payments Receivable

Future minimum lease payments receivable under direct finance leases are as follows:

As of December 31, 2019

 

Amount

 

2020

 

$

3,081

 

2021

 

 

2,969

 

2022

 

 

2,705

 

2023

 

 

2,260

 

2024

 

 

1,635

 

Thereafter

 

 

1,309

 

Total

 

$

13,959

 

Maturity Analysis of Future Minimum Operating Lease Payments Receivable

A maturity analysis of future minimum lease payments receivable under non-cancelable operating leases is as follows:

As of December 31, 2019

 

Amount

 

2020

 

$

9,005

 

2021

 

 

9,052

 

2022

 

 

9,044

 

2023

 

 

9,075

 

2024

 

 

8,808

 

Thereafter

 

 

40,110

 

Total

 

$

85,094

 

Summary of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

December 31, 2019

 

 

December 31, 2018

 

Operating lease cost

 

$

186

 

 

$

669

 

Short-term lease cost

 

 

25

 

 

 

528

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

1

 

 

 

4

 

Interest expense on lease liabilities

 

 

 

 

 

 

Sublease income

 

 

(9

)

 

 

(35

)

Total net lease cost

 

$

203

 

 

$

1,166

 

Summary of Consolidated Balance Sheet Related to Finance Leases

Supplemental disclosure for the consolidated balance sheet related to finance leases is as follows:

 

 

 

December 31, 2019

 

Finance lease right-of-use asset

 

$

13

 

Finance lease liability

 

 

14

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Leases

The weighted average remaining lease term and weighted average discount rate for leases are as follows:

 

 

 

As of December 31, 2019

 

Weighted average remaining lease term (years)

 

 

 

 

Operating leases

 

 

13.41

 

Finance lease

 

 

2.92

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

3.12

%

Finance lease

 

 

3.10

%

Summary of Operating and Finance Lease Liabilities

 


A maturity analysis of operating and finance lease liabilities is as follows:

 

As of December 31, 2019

 

Operating Leases

 

 

Finance Leases

 

2020

 

$

670

 

 

$

5

 

2021

 

 

459

 

 

 

5

 

2022

 

 

434

 

 

 

5

 

2023

 

 

306

 

 

 

 

2024

 

 

194

 

 

 

 

Thereafter

 

 

1,245

 

 

 

 

Total lease payments

 

 

3,308

 

 

 

15

 

Less: imputed interest

 

 

(689

)

 

 

(1

)

Total lease liabilities

 

$

2,619

 

 

$

14

 

Schedule of Future Minimum Rental Payments for Operating Leases

Pursuant to the terms of non-cancelable lease agreements in effect at December 31, 2018 pertaining to Company premises and equipment, future minimum rent commitments under various operating leases are as follows:

 

As of December 31, 2018

 

Amount

 

2019

 

$

1,068

 

2020

 

 

512

 

2021

 

 

316

 

2022

 

 

275

 

2023

 

 

144

 

Thereafter

 

 

107

 

Total

 

$

2,422