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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of supplemental balance sheet information
Supplemental balance sheet information related to leases was as follows:
Leases
 
Classification
 
September 30, 2019
 
 
 
 
(in thousands, except lease term and discount rate)
Assets
 
 
 
 
Operating lease right-of-use assets
 
Other assets
 
$
4,294

Total leased assets
 
 
 
$
4,294

 
 
 
 
 
Liabilities
 
 
 
 
Operating lease right-of-use liabilities
 
Accounts payable and accrued expenses
 
$
4,015

Total lease liabilities
 
 
 
$
4,015

 
 
 
 
 
Weighted average remaining lease term (years)
 
 
 
 
Operating leases
 
 
 
5.11

Weighted average discount rate
 
 
 
 
Operating leases
 
 
 
4.5
%

Schedule of future maturities operating lease liabilities
Future maturities of the Company's operating lease liabilities at September 30, 2019 are as follows:
Year
 
(in thousands)
Remaining for year ending December 31, 2019
 
$
250

2020
 
943

2021
 
890

2022
 
758

2023
 
501

Thereafter
 
1,245

Total lease payments
 
4,587

Less: interest
 
(572
)
Total lease liabilities
 
$
4,015


Schedule of future minimum lease payments under noncancelable operating leases
The following table represents future minimum lease payments under noncancelable operating leases at December 31, 2018 as presented in the Company’s 2018 Form 10-K:
Year
 
(in thousands)
2019
 
$
1,172

2020
 
676

2021
 
638

2022
 
645

2023
 
483

Thereafter
 
1,183

 
 
$
4,797



Schedule of components lease expense
The components of lease expense for the three and nine months ended September 30, 2019 were as follows:
Lease expense
 
Classification
 
Three Months Ended September 30, 2019
 
Nine Months Ended September 30, 2019
 
 
 
 
(in thousands)
Operating lease cost
 
General and administrative
 
$
328

 
$
1,069

Net lease cost
 
 
 
$
328

 
$
1,069


Supplemental cash flow information related to leases for the nine months ended September 30, 2019 was as follows:
 
 
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
 
$
754

 
 
 
Right-of-use assets obtained in exchange for lease obligations:
 
 
Operating leases
 
$
495