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Leases (Table)
9 Months Ended
Sep. 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:

 

 

 

September 30, 2019

 

Right of use asset - operating leases

 

$

6,384

 

 

 

 

 

 

Operating lease liability - short-term

 

$

2,215

 

Operating lease liability - long-term

 

 

4,402

 

Total operating lease liabilities

 

$

6,617

 

 

Schedule of Lease Expense

 

The components of lease expense include:

 

 

 

 

 

Quarter Ended

 

 

Nine Months Ended

 

Lease Cost

 

Classification

 

September 30, 2019

 

 

September 30, 2019

 

Operating lease cost (1)

 

Cost of sales

 

$

453

 

 

$

1,310

 

Operating lease cost (1)

 

Selling, general and administrative expenses

 

 

441

 

 

 

1,338

 

Total lease cost

 

 

 

$

894

 

 

$

2,648

 

 

 

(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:

 

 

 

Nine Months Ended

 

Supplemental Cash Flow Information

 

September 30, 2019

 

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

 

 

 

 

Operating cash flows from operating leases

 

$

1,808

 

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

 

 

 

 

Operating leases

 

 

2,029

 

 

Lease Term and Discount Rate

 

September 30, 2019

 

Weighted-average remaining lease term (years)

 

 

 

 

Operating leases

 

 

4.35

 

Weighted-average discount rate

 

 

 

 

Operating leases

 

 

5.0

%

 

Maturity of Operating Lease Lease Liabilities

Maturity of Lease Liabilities - As of September 30, 2019

 

Operating Leases

 

2019 (1)

 

$

620

 

2020

 

 

2,247

 

2021

 

 

1,339

 

2022

 

 

1,189

 

2023

 

 

1,016

 

After 2023

 

 

961

 

Total lease payments

 

 

7,372

 

Less: Interest

 

 

(755

)

Present value of lease liabilities

 

$

6,617

 

 

 

(1)

Represents amounts due in 2019 after September 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