XML 32 R21.htm IDEA: XBRL DOCUMENT

LEASE COMMITMENTS (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of future minimum lease payments for operating leases

Future minimum lease payments for operating leases for the next five twelve-month periods ending June 30 of each year and thereafter, in thousands, as of June 30, 2019, are as follows:

	Related Party		Other		Total
2020	$	450	$	103	$	553
2021		450		103	553
2022		450		103	553
2023		457		100	557
2024		466		96	562
Thereafter		5,345		232	5,577
Total future operating lease payments		7,618		737		8,355
Less: imputed interest		2,737		141		2,878
Present value of lease liabilities		4,881		596		5,477
Less: current portion of operating lease liabilities		161		69		230
Long-term operating lease liabilities	$	4,720	$	527	$	5,247

Schedule of other information related to operating leases

Other information related to operating leases is as follows:

	June 30,
	2019
Weighted average remaining lease term (years) *		14.3
Weighted average discount rate		6.0	%

*The Company has included lease renewal options that are reasonably certain of exercise in the calculation of the weighted average remaining lease term.

Schedule of depreciation and interest expense for finance leases

Depreciation and interest expense for finance leases, in thousands, are as follows:

	For the three months ended June 30,				For the six months ended June 30,
	2019		2018		2019		2018
Depreciation expense	$	75	$	68	$	146	$	136
Interest expense		19		24		38		50

Schedule of accumulated depreciation and net book value for finance leases

Accumulated depreciation and net book value for finance leases, in thousands, are as follows:

	June 30,
	2019		2018
Accumulated depreciation	$	858	$	571
Net book value		854		842

Schedule of future minimum lease payments for finance leases

Future minimum lease payments for finance leases for the next five twelve-month periods ending June 30 of each year, in thousands, as of June 30, 2019 are as follows:

	Total		Principal		Interest
2020	$	482	$	413	$	69
2021		388		356		32
2022		105		89		16
2023		90		80		10
2024	74		69		5
2025	59		58		1
	$	1,198	$	1,065	$	133