LEASES

12 Months Ended

Dec. 31, 2019

NOTE 9. LEASES

We lease office space and equipment under contracts we classify as operating leases. None of our leases are financing leases. Several of our leases include one or more options to renew; however, as of December 31, 2019, we are not reasonably certain that we will exercise the renewal options and we have not included such renewal options in the lease liabilities or disclosures herein.

As of December 31, 2019, the current portion of our operating lease liability was $2.9 million and was reported in Accrued expense and other current liabilities on our Consolidated Balance Sheet.

The following table presents the detail of our lease expense, net of sublease income, which is reported in General and administrative expense for the year ended December 31, 2019 (in thousands):



Operating lease expense	$	3,678
Short-term lease expense	301
Less: Sublease income	(162		)
Lease expense, net	$	3,817

We reported within continuing operating cash flows for the year ended December 31, 2019 $2.1million of cash paid for amounts included in the measurement of operating lease liabilities.

As of December 31, 2019, our operating leases had a weighted-average remaining lease term of approximately 47 months, and we used a weighted-average discount rate of 13% to measure our operating lease liabilities.

Maturity of Lease Liabilities

The following table presents information regarding the maturities of our undiscounted remaining operating lease payments, with a reconciliation to the amount of the liabilities representing such payments as presented in our December 31, 2019 Consolidated Balance Sheet (in thousands).



Operating lease liabilities maturing during the next:
One year	$	3,569
Two years	1,853
Three years	1,743
Four years	1,793
Five years	301
Thereafter	—
Total undiscounted cash flows	$	9,259
Present value of cash flows	$	7,527

Lease liabilities on balance sheet:
Short-term	$	2,877
Long-term	4,650
Total lease liabilities	$	7,527

Significant Judgments

When accounting for our leases, we make certain judgments, such as whether a contract contains a lease or what discount rate to use, that affect the determination of the amount of our lease assets and liabilities. Based on the current facts and circumstances related to our contracts, none of the judgments we make involve an elevated degree of qualitative significance or complexity such that further disclosure is warranted.