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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Supplemental Cash Flow Information Related to Lease Liabilities

Supplemental cash flow information related to the Company’s lease liabilities are included in the table below:

 

For the Three Months Ended

 

 

March 31,

 

 

2020

 

 

2019

 

 

(In thousands)

 

Non-cash amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

330

 

 

$

5,010

 

Schedule of Right-of-Use Assets and Lease Liabilities

The following table presents the Company’s right-of-use assets and lease liabilities for the period presented:

 

March 31,

 

 

December 31,

 

 

2020

 

 

2019

 

 

(In thousands)

 

Right-of-use asset

$

4,076

 

 

$

4,406

 

 

 

 

 

 

 

 

 

Lease liabilities:

 

 

 

 

 

 

 

Current lease liability

 

2,202

 

 

 

1,712

 

Long-term lease liability

 

1,901

 

 

 

2,720

 

Total lease liability

$

4,103

 

 

$

4,432

 

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 in 2020

$

1,207

 

 

$

551

 

 

$

1,758

 

2021

 

1,426

 

 

 

564

 

 

 

1,990

 

2022

 

341

 

 

 

199

 

 

 

540

 

2023 and thereafter

 

 

 

 

 

 

 

 

Total lease payments

$

2,974

 

 

$

1,314

 

 

$

4,288

 

Less: interest

$

139

 

 

$

46

 

 

$

185

 

Present value of lease liabilities

$

2,835

 

 

$

1,268

 

 

$

4,103

 

 

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 for the period presented:

 

 

For the Three Months Ended

 

 

March 31,

 

 

2020

 

 

2019

 

Weighted average remaining lease term (years):

 

 

 

 

 

 

 

Office leases

 

1.27

 

 

 

2.32

 

Vehicles

 

0.55

 

 

 

0.40

 

Office equipment

 

0.07

 

 

 

0.12

 

Weighted average discount rate:

 

 

 

 

 

 

 

Office leases

 

3.5

%

 

 

4.1

%

Vehicles

 

1.0

%

 

 

0.5

%

Office equipment

 

0.2

%

 

 

0.2

%