Right to Use Liability (Tables)

12 Months Ended

Dec. 31, 2017

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):

	2017		2016
Right to use assets	$	10,673	$	10,673
Accumulated depreciation		(926)		(667)
	$	9,747	$	10,006

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):

2018	$	583
2019		486
2020		486
2021		487
2022		487
Thereafter (1)		13,325
Total minimum lease payments		15,854
Amounts representing interest		(5,661)
Present value of net minimum right to use liability payments	$	10,193

(1)    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.