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Leases
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Leases 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 ROU 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 September 30, 2019
 
(In thousands)
Operating lease information:
 
Operating lease cost
$
1,071

Operating cash flows from operating leases
1,078

Weighted average remaining lease term in years
6.19

Weighted average discount rate
5.5
%


Future minimum lease payments under non-cancellable leases as of September 30, 2019 were as follows:

Year
Amount
 
(In thousands)
2019
$
1,024

2020
3,616

2021
3,367

2022
3,292

2023
3,261

Thereafter
11,153

Total minimum lease payments
$
25,713

Less imputed interest
(4,725
)
 

Total operating lease liability
$
20,988

 
 
As reflected on balance sheet:
 
Accrued expenses and other current liabilities
$
2,713

Other noncurrent liabilities
18,275

 
 
Total operating lease liability
$
20,988



At September 30, 2019, the Company had a $20.3 million ROU operating lease asset recorded within “Other noncurrent assets” on the Condensed Consolidated Balance Sheet.