Leases

The Company has operating leases for mining equipment, office equipment and office space with remaining lease terms ranging from less than 1 year to approximately 8 years. Some of these leases include both lease and non-lease components which are accounted for as a single lease component as the Company has elected the practical expedient to combine these components for all leases. As most of the leases do not provide an implicit rate, the Company calculated the right-of-use assets and lease liabilities using its’ secured incremental borrowing rate at the lease commencement date. The Company currently does not have any finance leases outstanding.

Information related to leases was as follows:



	Three Months Ended March 31, 2019
	(In thousands)
Operating lease information:
Operating lease cost	$	917
Operating cash flows from operating leases	871
Weighted average remaining lease term in years	5.06
Weighted average discount rate	5.6		%

Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows:



Year	Amount
	(In thousands)
2019	$	2,412
2020	2,456
2021	2,207
2022	2,203
2023	2,172
Thereafter	7,504
Total minimum lease payments	$	18,954
Less imputed interest	(3,601		)

Total operating lease liability	$	15,353

As reflected on balance sheet:
Accrued expenses and other current liabilities	$	2,353
Other noncurrent liabilities	13,000

Total operating lease liability	$	15,353

At March 31, 2019, the Company had a $14.7 million right-of-use operating lease asset recorded within “Other noncurrent assets” on the Condensed Consolidated Balance Sheet.