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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of supplemental balance sheet information
Supplemental balance sheet information related to leases was as follows:
Leases
 
Classification
 
December 31, 2019
 
 
 
 
(in thousands, except lease term and discount rate)
Assets
 
 
 
 
Operating lease right-of-use assets
 
Other assets
 
$
4,084

Total leased assets
 
 
 
$
4,084

 
 
 
 
 
Liabilities
 
 
 
 
Operating lease right-of-use liabilities
 
Accounts payable and accrued expenses
 
$
3,835

Total lease liabilities
 
 
 
$
3,835

 
 
 
 
 
Weighted average remaining lease term (years)
 
 
 
 
Operating leases
 
 
 
5.17

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 December 31, 2019 are as follows:
Year
 
(in thousands)
2020
 
$
947

2021
 
895

2022
 
762

2023
 
504

2024
 
358

Thereafter
 
896

Total lease payments
 
4,362

Less: interest
 
(527
)
Total lease liabilities
 
$
3,835


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, 2019:
Year
 
(in thousands)
2020
 
$
922

2021
 
878

2022
 
762

2023
 
504

2024
 
358

Thereafter
 
896

 
 
$
4,320



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 years ended December 31, 2019 and 2018 were as follows:
Lease expense
 
Classification
 
2019
 
2018
 
 
 
 
(in thousands)
Operating lease cost
 
General and administrative
 
$
1,326

 
$
1,688

Net lease cost
 
 
 
$
1,326

 
$
1,688


Supplemental cash flow information related to leases for the year ended December 31, 2019 was as follows:
 
 
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
 
$
920

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