Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Components of Lease Expense

The Company’s components of lease expense was as follows:

	For the Year Ended December 31, 2019
Finance lease expense:
Depreciation of right-of-use assets	$	145
Interest on lease liabilities	42
Operating lease expense (1)	6,586
Other lease expense	(32)
Total	$	6,741

(1) Operating lease expense includes $0.6 million of accelerated lease expense related to the planned vacating of certain facilities in the industrial and engineered components segments.

Summary of Lease Assets and Liabilities

The Company’s balance sheet information related to leases was as follows:

	December 31, 2019
Finance Leases
Property, plant and equipment - net	$	506
Current portion of long-term debt	$	417
Long-term debt	325
Total finance lease liabilities	$	742
Operating Leases
Right-of-use operating lease assets	$	20,910
Current portion of operating lease liabilities	$	4,275
Long-term operating lease liabilities	19,136
Total operating lease liabilities	$	23,411

Summary of Lease Information

Other information related to the Company’s leases was as follows:

	December 31, 2019
Weighted-average remaining lease term (in years)
Finance leases	2.59
Operating leases	7.19
Weighted-average discount rate
Finance leases	6.7	%
Operating leases	6.9	%

Cash paid for amounts included in the measurement of lease liabilities for the year ended December 31, 2019 are as follows:

	Continuing Operations		Discontinued Operations		Total
Operating cash flows from finance leases	$	47	$	3	$	50
Operating cash flows from operating leases	$	6,262	$	4,023	$	10,285
Financing cash flows from finance leases	$	332	$	8	$	340

Summary of Finance Lease Liability Payments

Future minimum lease payments required under finance and operating leases for each of the next five years and thereafter are as follows:

	Finance Leases		Operating Leases
2020	$	450	$	5,730
2021	136		4,790
2022	107		3,528
2023	79		2,946
2024	31		2,530
Thereafter	—		10,654
Total future undiscounted lease payments	803		30,178
Less: imputed interest	(61)		(6,767)
Total lease obligations	$	742	$	23,411

Summary of Operating Lease Liability Payments

Future minimum lease payments required under finance and operating leases for each of the next five years and thereafter are as follows:

	Finance Leases		Operating Leases
2020	$	450	$	5,730
2021	136		4,790
2022	107		3,528
2023	79		2,946
2024	31		2,530
Thereafter	—		10,654
Total future undiscounted lease payments	803		30,178
Less: imputed interest	(61)		(6,767)
Total lease obligations	$	742	$	23,411

Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum lease payments required under long-term operating leases in effect at December 31, 2018 were as follows:

2019	$	5,768
2020	4,418
2021	3,823
2022	2,877
2023	2,362
Thereafter	10,307
	$	29,555