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Leases (Tables)
9 Months Ended
Sep. 30, 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 Nine Months Ended

 

 

September 30,

 

 

2020

 

 

2019

 

 

(In thousands)

 

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

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

1,351

 

 

$

4,925

 

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:

 

September 30,

 

 

December 31,

 

 

2020

 

 

2019

 

 

(In thousands)

 

Right-of-use asset

$

3,055

 

 

$

4,406

 

 

 

 

 

 

 

 

 

Lease liabilities:

 

 

 

 

 

 

 

Current lease liability

 

2,227

 

 

 

1,712

 

Long-term lease liability

 

853

 

 

 

2,720

 

Total lease liability

$

3,080

 

 

$

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

$

406

 

 

$

174

 

 

$

580

 

2021

 

1,355

 

 

 

587

 

 

 

1,942

 

2022

 

411

 

 

 

207

 

 

 

618

 

2023 and thereafter

 

 

 

 

44

 

 

 

44

 

Total lease payments

 

2,172

 

 

 

1,012

 

 

 

3,184

 

Less: interest

 

75

 

 

 

29

 

 

 

104

 

Present value of lease liabilities

$

2,097

 

 

$

983

 

 

$

3,080

 

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:

 

 

September 30,

 

 

2020

 

 

2019

 

Weighted average remaining lease term (years):

 

 

 

 

 

 

 

Office leases

 

0.91

 

 

 

1.67

 

Vehicles

 

0.41

 

 

 

0.53

 

Office equipment

 

0.05

 

 

 

0.09

 

Weighted average discount rate:

 

 

 

 

 

 

 

Office leases

 

3.41

%

 

 

3.61

%

Vehicles

 

0.97

%

 

 

0.85

%

Office equipment

 

0.17

%

 

 

0.18

%