Leases Leases (Tables)

3 Months Ended

Mar. 31, 2020



		Three Months Ended
		March 31,
( in thousands)	Classification	2020		2019
Operating lease cost ⁽¹⁾	Operations expense	$	626	$	635
Finance lease cost:
Amortization of lease assets	Depreciation and amortization	—		401
Interest on lease liabilities	Interest expense	—		4
Net lease cost		$	626	$	1,040

⁽¹⁾ Includes short-term leases and variable lease costs, which are immaterial

Schedule of Leases Reported on Consolidated Statement of Financial Position [Table Text Block]

The following table presents the balance and classifications of our right of use assets and lease liabilities included in our condensed consolidated balance sheet at March 31, 2020 and December 31, 2019:



(in thousands)	Balance sheet classification	March 31, 2020		December 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	11,696	$	11,563
Total lease assets		$	11,696	$	11,563
Liabilities
Current
Operating lease liabilities	Other accrued liabilities	$	1,608	$	1,705
Noncurrent
Operating lease liabilities	Operating lease - liabilities	10,165		9,896
Total lease liabilities		$	11,773	$	11,601

Leases, Weighted Average Remaining Lease Term [Table Text Block]

The following table presents our weighted-average remaining lease terms and weighted-average discount rates for our operating and financing leases at March 31, 2020 and December 31, 2019:



	March 31, 2020		December 31, 2019
Weighted-average remaining lease term (in years)
Operating leases	8.75		8.88
Weighted-average discount rate
Operating leases	3.8	%	3.8	%

Lease, Cash Flow [Table Text Block]

The following table presents additional information related to cash paid for amounts included in the measurement of lease liabilities included in our condensed consolidated statements of cash flows as of March 31, 2020 and 2019:



	Three Months Ended
	March 31,
(in thousands)	2020		2019
Operating cash flows from operating leases	$	527	$	537
Operating cash flows from finance leases	$	—	$	4
Financing cash flows from finance leases	$	—	$	401

Schedule of Maturities of Leases [Table Text Block]

The following table presents the future undiscounted maturities of our operating leases at March 31, 2020 and for each of the next five years and thereafter:



(in thousands)	Operating Leases ⁽¹⁾
Remainder of 2020	$	1,545
2021	2,010
2022	1,916
2023	1,852
2024	1,597
2025	1,363
Thereafter	3,787
Total lease payments	$	14,070
Less: Interest	2,297
Present value of lease liabilities	$	11,773

⁽¹⁾ Operating lease payments include $4.1 million related to options to extend lease terms that are reasonably certain of being exercised.

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

⁽¹⁾ Operating lease payments include $4.1 million related to options to extend lease terms that are reasonably certain of being exercised.