Leases and Lease Commitments (Tables)

12 Months Ended

Dec. 31, 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.

		December 31, 2019
	Classification	(In thousands)
Assets
Operating	Operating lease right of use assets	$	5,144
Finance	Other assets		437
Total lease assets		$	5,581
Liabilities
Current
Operating	Operating lease liabilities	$	1,314
Finance	Other accrued liabilities		228
Noncurrent
Operating	Operating lease liabilities, long-term		3,801
Finance	Other long-term liabilities		224
Total lease liabilities		$	5,567

Schedule of Lease Cost

Our lease cost for the twelve months ended December 31, 2019 is as follows:

		Twelve Months Ended
		December 31, 2019
		(In thousands)
	Classification
Operating lease cost	Selling, general and administrative	$	1,713
Short-term lease costs	Selling, general and administrative		2,104
Amortization of leased assets	Selling, general and administrative		361
Interest on lease liabilities	Net interest expense		25
Total lease cost		$	4,203

Schedule of Maturity of Lease Obligations

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

	Twelve months ended
	December 31, 2019
	Operating		Finance
	Leases		Leases		Total
	(In thousands)
2020	$	1,486	$	244	$	1,730
2021		711		142		853
2022		461		53		514
2023		361		25		386
2024		329		20		349
After 2024		3,513		-		3,513
Total lease payments		6,861		484		7,345
Less: interest		1,797		31		1,828
Present value of lease liabilities	$	5,064	$	453	$	5,517

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:

	December 31, 2019
Weighted average remaining lease term (years)
Operating leases		12.6
Finance leases		2.5
Weighted average discount rate
Operating leases		4.8	%
Finance leases		4.3	%

Schedule of Other Information Pertaining to Lease Obligations

Other information pertaining to our lease obligations is as follows:

	December 31, 2019
	(In thousands)
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,737
Operating cash flows from finance leases		28
Financing cash flows from finance leases		183