Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of Classification of Leases

Certain lease agreements include rental payments adjusted periodically for inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

		June 30, 2019
	Classification	(In thousands)
Assets
Operating	Operating lease right of use assets	$	4,295
Finance	Other assets		518
Total lease assets		$	4,813
Liabilities
Current
Operating	Operating lease liabilities	$	1,276
Finance	Other accrued liabilities		310
Noncurrent
Operating	Operating lease liabilities, long-term		3,005
Finance	Other long-term liabilities		229
Total lease liabilities		$	4,820

Schedule of Lease Cost

Our lease cost for the three and six months ended June 30, 2019 is as follows:

		Three months ended		Six months ended
		June 30, 2019
		(In thousands)
	Classification
Operating lease cost	Selling, general and administrative	$	371	$	745
Short-term lease costs	Selling, general and administrative		589		1,118
Amortization of leased assets	Selling, general and administrative		92		184
Interest on lease liabilities	Net interest expense		6		15
Total lease cost		$	1,058	$	2,062

Schedule of Maturity of Lease Obligations

The five year and beyond maturity of our lease obligations is presented below:

	Six months ended
	June 30, 2019
	Operating		Finance
	Leases		Leases		Total
	(In thousands)
2019	$	727	$	194	$	921
2020		1,231		224		1,455
2021		523		122		645
2022		274		31		305
2023		177		4		181
After 2023		2,767		-		2,767
Total lease payments	$	5,699	$	575	$	6,274
Less: interest		1,476		39		1,515
Present value of lease liabilities	$	4,223	$	536	$	4,759

Schedule of Lease Term and Discount Rate for Operating and Finance Leases

The lease term and discount rate for our operating and finance leases is as follows:

	June 30, 2019
Weighted average remaining lease term (years)
Operating leases		12.4
Finance leases		2.1
Weighted average discount rate
Operating leases		4.8	%
Finance leases		4.3	%

Schedule of Other Information Pertaining to Lease Obligations

We had no material non-cash financing leases entered into during the three months ended June 30, 2019.

Other information pertaining to our lease obligations is as follows:

	June 30, 2019
	(In thousands)
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	395
Operating cash flows from finance leases	$	8