Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of Right-of-Use Assets and Lease Liabilities

The following table presents the Company’s right-of-use assets and lease liabilities as of September 30, 2019.

	September 30,
	2019
	(In thousands)
Right-of-use asset	$	4,925
Lease liabilities:
Current lease liability		1,732
Long-term lease liability		3,214
Total lease liability	$	4,946

Schedule of Maturity Analysis of Minimum Lease Payment Obligation Under Non-cancellable Operating Leases

The following table reflects the Company’s maturity analysis of the minimum lease payment obligations under non-cancelable operating leases with a remaining term in excess of one year (in thousands):

	Office leases		Leased vehicles and office equipment		Total
Remaining 2019	$	399	$	175	$	574
2020		1,231		537		1,768
2021		1,727		627		2,354
2022 and thereafter		411		119		530
Total lease payments	$	3,768	$	1,458	$	5,226
Less: interest	$	220	$	60	$	280
Present value of lease liabilities	$	3,548	$	1,398	$	4,946

Schedule of Future Contractual Payment for Operating Leases

The following is a schedule of the Company’s future contractual payment for operating leases prepared in accordance with accounting standards prior to the adoption of ASC 842, as of December 31, 2018 (in thousands):

			Payment or Settlement Due by Period
Operating leases	Total		2019		2020		2021		2022		2023		Thereafter
Operating leases	$	11,846	$	5,893	$	2,072	$	2,109	$	337	$	205	$	1,230

Schedule of Weighted Average Remaining Lease Terms and Discount Rate of Operating Leases

The weighted average remaining lease terms and discount rate for all of our operating leases were as follow as of September 30, 2019:

	September 30,
	2019
Weighted average remaining lease term (years):
Office leases	1.67
Vehicles		0.53
Office equipment		0.09
Weighted average discount rate:
Office leases		3.61	%
Vehicles		0.85	%
Office equipment		0.18	%