Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease, Cost

Our expenses and payments for operating leases were as follows:

	Three Months Ended
(Dollars in thousands)	March 31, 2020		March 31, 2019
Operating leases expense	$	728	$	718
Short-term leases expense	$	123	$	39
Payments on operating lease obligations	$	746	$	764

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	1.3 years	2.6 years
Weighted Average Discount Rate	3.00%	5.13%

Assets and Liabilities Balance Related to Finance and Operating Leases

Our assets and liabilities balances related to finance and operating leases reflected in the condensed consolidated statements of financial position were as follows:

(Dollars in thousands)	Location in Statements of Financial Position	March 31, 2020		December 31, 2019
Finance lease right-of-use assets	Property, plant and equipment, net	$	6,079	$	6,280
Operating lease right-of-use assets	Other long-term assets	$	5,072	$	4,656
Finance lease obligations, current portion	Other accrued liabilities	$	396	$	400
Finance lease obligations, non-current portion	Other long-term liabilities	$	3,963	$	4,140
Total finance lease obligations		$	4,359	$	4,540
Operating lease obligations, current portion	Other accrued liabilities	$	2,401	$	2,343
Operating lease obligations, non-current portion	Other long-term liabilities	$	2,693	$	2,334
Total operating lease obligations		$	5,094	$	4,677

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 March 31, 2020:

	Finance		Operating
(Dollars in thousands)	Leases		Leases Signed		Less: Leases Not Yet Commenced		Leases
2020	$	394	$	2,013	$	—	$	2,013
2021	4,121		1,867		—		1,867
2022	—		968		—		968
2023	—		390		—		390
2024	—		185		—		185
Thereafter	—		5		—		5
Total lease payments	4,515		5,428		—		5,428
Less: Interest	(156)		(334)		—		(334)
Present Value of Net Future Minimum Lease Payments	$	4,359	$	5,094	$	—	$	5,094

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 March 31, 2020:

	Finance		Operating
(Dollars in thousands)	Leases		Leases Signed		Less: Leases Not Yet Commenced		Leases
2020	$	394	$	2,013	$	—	$	2,013
2021	4,121		1,867		—		1,867
2022	—		968		—		968
2023	—		390		—		390
2024	—		185		—		185
Thereafter	—		5		—		5
Total lease payments	4,515		5,428		—		5,428
Less: Interest	(156)		(334)		—		(334)
Present Value of Net Future Minimum Lease Payments	$	4,359	$	5,094	$	—	$	5,094