Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Cost

The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments:

	Finance Leases	Operating Leases
Weighted Average Remaining Lease Term	2.0 years	2.6 years
Weighted Average Discount Rate	3.00%	6.08%

The following table includes our expenses and payments for operating leases for the three and nine months ended September 30, 2019:

(Dollars in thousands)	Three Months Ended	Nine Months Ended
	September 30, 2019	September 30, 2019
Operating leases expense	843	2,336
Short-term leases expense	68	150
Payments on operating lease obligations	719	2,243

Assets and Liabilities Balance Related to Finance and Operating Leases

As of September 30, 2019 and December 31, 2018, our assets and liabilities balances related to finance and operating leases were as follows:

(Dollars in thousands)	Location in Statements of Financial Position	September 30, 2019		December 31, 2018
Finance lease right-of-use assets	Property, plant and equipment, net	$	6,186	$	6,750
Operating lease right-of-use assets	Other long-term assets	$	5,461	$	—
Finance lease obligations, current portion	Other accrued liabilities	$	404	$	420
Finance lease obligations, non-current portion	Other long-term liabilities	$	4,119	$	4,629
Total finance lease obligations		$	4,523	$	5,049
Operating lease obligations, current portion	Other accrued liabilities	$	2,449	$	—
Operating lease obligations, non-current portion	Other long-term liabilities	$	3,031	$	—
Total operating lease obligations		$	5,480	$	—

Finance Lease, Liability, Maturity

The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of September 30, 2019:

(Dollars in thousands)	Finance			Operating
	Leases			Leases Signed			Less: Leases Not Yet Commenced		Leases
2019	$	143		$	696		$	—	$	696
2020	500			2,630			—		2,630
2021	4,072			1,546			—		1,546
2022	—			802			—		802
2023	—			229			—		229
Thereafter	—			31			—		31
Total Lease Payments	4,715			5,934			—		5,934
Less: Interest	(192		)	(454		)	—		(454		)
Present Value of Net Future Minimum Lease Payments	$	4,523		$	5,480		$	—	$	5,480

Operating Lease, Liability, Maturity

The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of September 30, 2019:

(Dollars in thousands)	Finance			Operating
	Leases			Leases Signed			Less: Leases Not Yet Commenced		Leases
2019	$	143		$	696		$	—	$	696
2020	500			2,630			—		2,630
2021	4,072			1,546			—		1,546
2022	—			802			—		802
2023	—			229			—		229
Thereafter	—			31			—		31
Total Lease Payments	4,715			5,934			—		5,934
Less: Interest	(192		)	(454		)	—		(454		)
Present Value of Net Future Minimum Lease Payments	$	4,523		$	5,480		$	—	$	5,480