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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Components of Lease Cost

The Company's lease cost for the three months ended March 31, 2019 included the following components:

 

 

 

March 31, 2019

 

Operating lease costs

 

$

219

 

Short-term lease costs

 

 

30

 

Amortization of finance lease assets

 

 

26

 

Interest on finance lease liabilities

 

 

2

 

Total lease cost

 

$

277

 

 

 

 

 

 

Schedule of Future Minimum Lease Payments under Operating and Finance Leases

The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases recorded on the balance sheet as of March 31, 2019:

 

Year

 

Operating Leases

 

 

Finance Leases

 

2019

 

$

703

 

 

$

69

 

2020

 

 

379

 

 

 

61

 

2021

 

 

104

 

 

 

48

 

2022

 

 

106

 

 

 

23

 

2023

 

 

107

 

 

 

8

 

Thereafter

 

 

137

 

 

 

0

 

Total minimum payments required

 

 

1,536

 

 

 

209

 

Less: amount representing interest

 

 

98

 

 

 

12

 

Present value of net minimum lease payments

 

$

1,438

 

 

$

197

 

Less: Current maturities of lease obligations

 

 

(876

)

 

 

(80

)

Long-Term lease obligations

 

$

562

 

 

$

117

 

 

 

 

 

 

 

 

 

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

The weighted average remaining lease terms and discount rates for all of the Company’s operating and finance leases were as follows as of March 31, 2019:

 

 

 

March 31, 2019

 

Weighted-average remaining lease term - finance leases

 

2.9 years

 

Weighted-average remaining lease term - operating leases

 

3.1 years

 

Weighted-average discount rate - finance leases

 

4%

 

Weighted-average discount rate - operating leases

 

5%

 

 

Schedule of Supplemental Cash Flow Information Related to Leases

The table below presents supplemental cash flow information related to leases during the three months ended March 31, 2019:

 

 

 

March 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows for operating leases

 

$

236

 

Operating cash flows for finance leases

 

 

2

 

Financing cash flows for finance leases

 

 

26

 

 

Schedule of Classification of ROU Assets and Lease liabilities

The following table summarizes the classification of ROU assets and lease liabilities as of March 31, 2019:

 

  

Leases

Consolidated Balance Sheet Classification

March 31, 2019

 

Assets:

 

 

 

 

Operating right-of-use assets

Other noncurrent assets

$

1,304

 

Finance right-of-use assets

Other noncurrent assets

 

189

 

Total leased assets

 

$

1,493

 

Liabilities:

 

 

 

 

Current

 

 

 

 

Operating lease liabilities

Accrued liabilities

$

876

 

Finance lease liabilities

Accrued liabilities

 

80

 

Noncurrent

 

 

 

 

Operating lease liabilities

Long-term liabilities

 

562

 

Finance lease liabilities

Long-term liabilities

 

117

 

Total lease liabilities

 

$

1,635