Right to Use Liabilities

6 Months Ended

Jun. 30, 2017

Right to Use Liabilities

Right to Use Liabilities

5. Right to Use Liabilities

The Company leases operating facilities throughout the United States. The Company analyzes all leases in accordance with Accounting Standards Codification (“ASC”) 840 — Leases.  The Company has included the right to use assets in property and equipment, net, as follows (in thousands):

	June 30,		December 31,
	2017		2016
Right to use assets	$	10,673	$	10,673
Accumulated depreciation		(796)		(667)
	$	9,877	$	10,006

The following is a schedule by year of the future changes in the right to use liabilities as of June 30, 2017 (in thousands):

2017	$	436
2018		583
2019		486
2020		486
2021		487
Thereafter (1)		13,813
Total minimum lease payments		16,291
Amounts representing interest		(6,021)
Present value of net minimum right to use liability payments	$	10,270

⁽¹⁾ Includes $5.0 million of scheduled derecognition of right to use liabilities upon the reduction in lease deposits to less than two months’ rent.