Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases

7. LEASES

The Company leases facilities and certain equipment under noncancelable leases that expire at various dates through November 2024. These leases require monthly lease payments that may be subject to annual increases throughout the lease term. Certain of these leases may include options to extend or terminate the lease at the election of the Company. These optional periods have not been considered in the determination of the right-of-use-assets or lease liabilities associated with these leases as the Company did not consider it reasonably certain it would exercise the options.

As of March 31, 2019, the maturities of our operating and finance lease liabilities were as follows (in thousands):

	Operating leases			Finance leases
2019 (excluding the three months ended March 31, 2019)	$	1,419		$	459
2020		1,815			605
2021		1,458			602
2022		1,216			327
2023		–			255
2024		–			42
Total lease payments		5,908			2,290
Less:
Imputed interest		(860	)		(399	)
Total	$	5,048		$	1,891

Supplemental balance sheet information related to leases was as follows (in thousands):

Finance leases
	As of March 31, 2019
Finance lease right-of-use assets included within property and equipment, net	$	2,472
Current finance lease liabilities included within other current liabilities	$	445
Non-current finance lease liabilities included within other long-term liabilities		1,446
Total	$	1,891

Operating leases
	As of March 31, 2019
Current operating lease liabilities included within other current liabilities	$	1,482
Operating lease liabilities – non current		3,566
Total	$	5,048

The components of lease expense were as follows (in thousands):

	Three Months Ended March 31, 2019
Operating lease costs included within operating costs and expenses	$	482
Finance lease costs:
Amortization of right of use assets	$	138
Interest on lease liabilities		23
Total	$	161

Supplemental cash flow information related to leases was as follows (in thousands):

	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	470
Operating cash flows from finance leases		23
Financing cash flows from finance leases		118
Lease liabilities arising from obtaining right-of-use assets:
Finance leases	$	1,824
Lease payments made in prior period reclassified to property and equipment		535
Operating leases		9

As of March 31, 2019, the weighted average remaining operating lease term is 3.3 years and the weighted average discount rate used to determine the operating lease liability was 9.90%. The weighted average remaining finance lease term is 4.0 years and the weighted average discount rate used to determine the finance lease liability was 9.68%.