Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Operating Leases and Related Expense

Other information concerning the Company’s operating leases accounted for under ASC 842 guidelines and the related expense, assets and liabilities follow:

	Three Months Ended September 30, 2019
Operating lease expense	$	657
Cash paid for operating leases included in operating cash flows		697

	Nine Months Ended September 30, 2019
Operating lease expense	$	1,907
Cash paid for operating leases included in operating cash flows		2,037

Assets and Liabilities

	As of September 30, 2019
Operating lease right-of-use asset	$	4,241
Operating lease short-term liability included in other current liabilities		2,021
Operating lease long-term liability included in other long-term liabilities		2,234
Weighted average remaining lease term (in years)		4.60
Weighted average discount rate used in calculating right-of-use asset		3.64	%

Future Annual Minimum Lease Payments

Future annual minimum lease payments as of September 30, 2019 are as follows:

	Amount
2019 (three months remaining)	$	685
2020		1,723
2021		703
2022		406
2023		245
2024 and thereafter		922
Total		4,684
Less interest		(429	)
Present value of lease liabilities	$	4,255

Minimum Rental Commitments

As required by the ASU, the following table discloses the minimum rental commitments for all non-cancelable operating leases at December 31, 2018 as reported in the Company’s 2018 10-K under previous ASC 840 guidance:

	Amount
2019	$	1,992
2020		1,100
2021		388
2022		144
2023		66
2024 and thereafter		12
Total	$	3,702