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LEASES (Tables)
9 Months Ended
Sep. 30, 2019
Lessee Disclosure [Abstract]  
Summary of Operating Lease Assets and Liabilities

 

Leases (In thousands)

 

Classification

 

September 30, 2019

Assets:

 

 

 

 

 

 

 

Operating

 

Other assets

 

$

4,400

 

 

Liabilities:

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

Operating

 

Other current liabilities

 

 

698

 

 

Noncurrent

 

 

 

 

 

 

 

Operating

 

Other liabilities

 

 

4,135

 

 

Total lease liabilities

 

 

 

$

4,833

 

 

 

Summary of Maturity of Operating Lease Liabilities

 

Maturity of lease liabilities (In thousands)

 

Operating leases

2019

 

$

496

 

 

2020

 

 

1,202

 

 

2021

 

 

1,165

 

 

2022

 

 

975

 

 

2023

 

 

729

 

 

After 2023

 

 

1,140

 

 

Total lease payments

 

$

5,707

 

 

Less: Interest

 

 

874

 

 

Present value of lease liabilities

 

$

4,833

 

 

 

Summary of Lease Costs

 

 

 

 

Three Months Ended

 

Nine Months Ended

Lease costs (In thousands)

 

Classification

 

September 30, 2019

 

September 30, 2018

Operating lease costs

 

General and administrative

 

$

589

 

 

 

 

1,779

 

 

Short-term leases

 

General and administrative

 

 

469

 

 

 

 

1,552

 

 

Variable lease costs

 

General and administrative

 

 

407

 

 

 

 

1,011

 

 

Sublease income

 

General and administrative

 

 

 

 

 

 

(3

)

 

Net lease cost

 

 

 

$

1,465

 

 

 

 

4,339

 

 

 

Summary of Lease Term and Discount Rate

Lease term and discount rate

 

September 30, 2019

Weighted average remaining lease term in years

 

 

4.0

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

7.0

 

%

 

Summary Future Minimum Rental Commitments Future minimum rental commitments as of December 31, 2018 are as follows:

 

 

Minimum

Year ending (In thousands)

 

rental commitments

2019

 

$

3,511

 

 

2020

 

 

2,804

 

 

2021

 

 

2,501

 

 

2022

 

 

2,455

 

 

2023

 

 

1,734

 

 

After 2023

 

 

2,495

 

 

Total lease payments

 

$

15,500