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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Expense

Components of lease expense were as follows:

 

 

 

 

 

 

 

Year Ended December 31,

 

Lease Cost

 

Classification

 

2019

 

Operating lease cost

 

Operating expenses

 

$

1,550

 

Operating lease cost

 

Inventory

 

 

4,206

 

Total operating lease cost

 

 

 

 

 

$

5,756

 

Finance lease cost

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

Operating expenses

 

 

41

 

Interest on lease liabilities

 

Other income (expense), net

 

 

4

 

Total finance lease cost

 

 

 

 

 

$

45

 

Variable lease cost

 

Inventory

 

 

10,568

 

Total lease cost

 

 

 

 

 

$

16,369

 

Supplemental Cash Flow Information Related to Operating and Finance Leases

Supplemental cash flow information related to operating and finance leases for the year ended December 31, 2019 was as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2019

 

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

 

 

 

 

Operating cash outflows from operating leases

 

$

5,419

 

Operating cash outflows from finance leases

 

 

44

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

Operating leases

 

$

8,667

 

Finance leases

 

 

117

 

Supplemental Balance Sheet Information Related to Operating and Finance Leases

 

Supplemental balance sheet information, as of December 31, 2019, related to operating and finance leases was as follows (in thousands, except lease term and discount rate):

 

 

 

December 31,

 

 

 

2019

 

Reported as:

 

 

 

 

Other assets

 

 

 

 

Operating lease right-of-use assets

 

$

7,494

 

Finance lease right-of-use assets

 

 

78

 

Total right-of use assets

 

$

7,572

 

Accrued and other current liabilities

 

 

 

 

Operating lease liabilities

 

$

1,259

 

Finance lease liabilities

 

 

40

 

Warranty reserve and other long-term liabilities

 

 

 

 

Operating lease liabilities

 

 

6,434

 

Finance lease liabilities

 

 

35

 

Total lease liabilities

 

$

7,768

 

Weighted average remaining lease term (years)

 

 

 

 

Operating leases

 

 

5

 

Finance leases

 

 

2

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

7.45

%

Finance leases

 

 

4.06

%

Maturities of Operating and Finance Lease Liabilities

As of December 31, 2019, maturities of the Company’s operating and finance lease liabilities are as follows (in thousands):

 

Period

 

Operating leases

 

 

Finance leases

 

 

Total

 

2020

 

 

1,838

 

 

 

42

 

 

 

1,880

 

2021

 

 

1,871

 

 

 

36

 

 

 

1,907

 

2022

 

 

1,718

 

 

 

 

 

 

1,718

 

2023

 

 

1,759

 

 

 

 

 

 

1,759

 

2024 and thereafter

 

 

2,246

 

 

 

 

 

 

2,246

 

Total lease payments

 

$

9,432

 

 

$

78

 

 

$

9,510

 

Less imputed interest

 

 

1,739

 

 

 

3

 

 

 

1,742

 

Total operating lease liabilities

 

$

7,693

 

 

$

75

 

 

$

7,768

 

Schedule of Future Minimum Lease Payments under Non-cancelable Operating Leases

As previously reported in our Annual Report on Form 10-K for the year ended December 31, 2018 and under legacy lease accounting (ASC 840), future minimum lease payments under non-cancellable leases as of December 31, 2018 was as follows (in thousands):

 

Year Ended December 31:

 

 

 

 

2019

 

$

1,325

 

2020

 

 

1,134

 

2021

 

 

1,060

 

2022

 

 

947

 

2023 and thereafter

 

 

1,557

 

 

 

$

6,023