Sale-leaseback Transactions (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Future Payment on Sale-leaseback Financing Liability

As of September 30, 2016, future payments on the sale-leaseback financing liability are as follows (in thousands):

Fiscal Years	Payments
Remainder of 2016	$	98
2017		399
2018		407
2019		415
2020		423
2021		431
Thereafter		3,480
Total payments		5,653
Less amount representing interest		(756	)
Total sale-leaseback financing liability		4,897
Less current portion of sale-leaseback financing liability included in accounts payable and accrued expenses		(291	)
Long-term portion of sale-leaseback financing liability included in other liabilities	$	4,606

Schedule of Future Minimum Payments for Both Capital Leases

The future minimum payments for both capital leases that the Company entered into as of September 30, 2016, are as follows (in thousands):

Fiscal Years	Payments
Remainder of 2016	$	184
2017		744
2018		759
2019		774
2020		790
2021		805
Thereafter		6,577
Total payments		10,633
Less amount representing interest		(2,049	)
Present value of future minimum lease payments		8,584
Less current portion of capital lease obligation included in accounts payable and accrued expenses		(462	)
Long-term portion of capital lease obligation included in other liabilities	$	8,122

Schedule of Capital Lease Assets Included in Condensed Consolidated Balance Sheets

Capital lease assets included in the Condensed Consolidated Balance Sheets as part of property, plant, and equipment as of September 30, 2016, are as follows (in thousands):

	September 30, 2016			Depreciable Life (Years)

Building and improvements, net of deferred gain	$	4,385			13
Less: Accumulated depreciation		(113	)
Total	$	4,272