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Leases (Table)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Balances Included in Consolidated Statement of Financial Position Related to Leases

Amounts included in the Consolidated Statement of Financial Position related to leases include:

 

 

 

December 31, 2019

 

Right of use asset - operating leases

 

$

5,901

 

 

 

 

 

 

Operating lease liability - short-term

 

$

2,057

 

Operating lease liability - long-term

 

 

4,074

 

Total operating lease liabilities

 

$

6,131

 

 

Schedule of Lease Expense

The components of lease expense include:

 

 

 

 

 

For the Year Ended December 31,

 

Lease Cost

 

Classification

 

2019

 

 

2018

 

 

2017

 

Operating lease cost (1)

 

Cost of sales

 

$

1,744

 

 

$

1,696

 

 

$

1,718

 

Operating lease cost (1)

 

Selling, general and administrative expenses

 

 

1,741

 

 

 

1,616

 

 

 

1,480

 

Total lease cost

 

 

 

$

3,485

 

 

$

3,312

 

 

$

3,198

 

 

(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:

 

 

 

Year Ended

 

Supplemental Cash Flow Information

 

December 31, 2019

 

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

 

 

 

 

Operating cash flows from operating leases

 

$

2,428

 

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

 

 

 

 

Operating leases

 

$

2,083

 

 

Lease Term and Discount Rate

 

December 31, 2019

 

Weighted-average remaining lease term (years)

 

 

 

 

Operating leases

 

 

4.23

 

Weighted-average discount rate

 

 

 

 

Operating leases

 

 

5.0

%

 

Maturity of Operating Lease Lease Liabilities

Maturity of Lease Liabilities - As of December 31, 2019

 

Operating Leases

 

2020

 

$

2,304

 

2021

 

 

1,339

 

2022

 

 

1,189

 

2023

 

 

1,016

 

2024

 

 

339

 

After 2024

 

 

621

 

Total lease payments

 

 

6,808

 

Less: Interest

 

 

(677

)

Present value of lease liabilities

 

$

6,131

 

 

Future Minimum Rental Commitments (Undiscounted)

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

 

 

 

$

7,831