Right to Use Liability (Tables)

12 Months Ended

Dec. 31, 2016

Right to Use Liability

Schedule of right to use assets

The Company has included the right to use assets in property and equipment, net at December 31, as follows (in thousands):

	2016		2015
Right to use assets	$	10,673	$	31,757
Accumulated depreciation		(667)		(1,457)
	$	10,006	$	30,300

Schedule of future changes in the right to use liability

The following is a schedule by year of the future changes in the right to use liability (in thousands):

2017	$	872
2018		583
2019		486
2020		486
2021		486
Thereafter (1)		13,813
Total minimum lease payments		16,726
Amounts representing interest		(6,383)
Present value of net minimum right to use liability payments	$	10,343

Includes $5.0 million of scheduled derecognition of right to use liability due to reductions in the lease deposit to less than two months’ rent.