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Leases (Table)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Balances Included in Condensed Consolidated Statement of Financial Position (Unaudited) Related to Leases

Amounts included in the Condensed Consolidated Statement of Financial Position (Unaudited) related to leases include:

 

 

 

June 30, 2019

 

Right of use asset - operating leases

 

$

5,983

 

 

 

 

 

 

Operating lease liability - short-term

 

$

2,000

 

Operating lease liability - long-term

 

 

4,225

 

Total operating lease liabilities

 

$

6,225

 

 

Schedule of Lease Expense

The components of lease expense include:

 

 

 

 

 

Quarter Ended

 

 

Six Months Ended

 

Lease Cost

 

Classification

 

June 30, 2019

 

 

June 30, 2019

 

Operating lease cost (1)

 

Cost of sales

 

$

442

 

 

$

857

 

Operating lease cost (1)

 

Selling, general and administrative expenses

 

 

426

 

 

 

897

 

Total lease cost

 

 

 

$

868

 

 

$

1,754

 

 

 

(1)

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

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

Six Months Ended

 

Supplemental Cash Flow Information

 

June 30, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

$

1,149

 

Right-of-use assets obtained in exchange for new lease liabilities:

 

 

 

 

Operating leases

 

 

1,037

 

 

Lease Term and Discount Rate

 

June 30, 2019

 

Weighted-average remaining lease term (years)

 

 

 

 

Operating leases

 

 

4.53

 

Weighted-average discount rate

 

 

 

 

Operating leases

 

 

5.0

%

 

Maturity of Operating Lease Lease Liabilities

Maturity of Lease Liabilities - As of June 30, 2019

 

Operating Leases

 

2019 (1)

 

$

1,203

 

2020

 

 

1,805

 

2021

 

 

1,107

 

2022

 

 

1,051

 

2023

 

 

906

 

After 2023

 

 

897

 

Total lease payments

 

 

6,969

 

Less: Interest

 

 

(744

)

Present value of lease liabilities

 

$

6,225

 

 

 

(1)

Represents amounts due in 2019 after June 30, 2019

Future Minimum Rental Commitments

Future minimum rental commitments (undiscounted) as of December 31, 2018 under ASC 840 were as follows:

 

Year Ended December 31,

 

 

 

 

2019

 

$

2,492

 

2020

 

 

1,739

 

2021

 

 

982

 

2022

 

 

966

 

2023

 

 

841

 

Thereafter

 

 

811

 

Total

 

$

7,831