Leases (Tables)

9 Months Ended

Sep. 30, 2019

Disclosure Of Leases [Abstract]

Disclosure of operating and finance leases of lessee

The following table summarizes the Company’s operating and finance leases in which the Company is a lessee:

		Renewal	Other Terms and
Class of Assets	Initial Term	Option	Conditions
Operating lease:
Office equipment	1 to 63 months	Yes	(a), (b)
Storage units	2 years	Yes	(b)
Office space	3 to 10 years	Yes	(b), (c)
Finance lease:
Office equipment	3 to 5 years	Not applicable	(d)

(a) At the end of the lease term, the Company can purchase the equipment at fair market value.

(b) There are no variable lease payments.

(c) Rent escalation provisions exist.

(d) There is a bargain purchase option.

Disclosure of lease liabilities maturities

As of September 30, 2019, maturities of lease liabilities were as follows:

	Leases
	Operating		Finance
Due in 12 months following September 30,
2019	$	330	$	19
2020		248		19
2021		54		18
2022		—		13
Total lease payments		632		69
Less: interest and foreign taxes		42		5
Total lease obligations	$	590	$	64

Disclosure of quantitative information of operating and finance leases

The following table provides quantitative information with regard to the Company’s operating and finance leases.  

	Three Months Ended			Nine Months Ended
	September 30, 2019			September 30, 2019
Lease costs:
Finance lease costs:
Amortization – ROU assets*	$	4		$	10
Interest expense		1			2
Operating lease costs*		90			244
Short-term lease costs*		37			141
Total lease costs	$	132		$	397
Cash paid for amounts included in    the measurement of lease liabilities:
Operating cash flows – finance leases	$	1		$	2
Operating cash flows – operating leases	$	80		$	239
Financing cash flows – finance leases	$	4		$	9
	September 30, 2019
Weighted-average remaining lease term:
Finance leases (in years)		3.8
Operating leases (in years)		1.9
Weighted-average discount rate:
Finance leases		3.7	%
Operating leases		4.0	%

* Included in other operating expenses of the consolidated statement of income.

Disclosure of operating leases of lessor entity

The following table summarizes the Company’s operating leases in which the Company is a lessor:

		Renewal	Other Terms and
Class of Assets	Initial Term	Option	Conditions
Operating lease:
Office space	1 to 3 years	Yes	(e)
Retail space	3 to 20 years	Yes	(e)
Boat docks/wet slips	1 to 12 months	Yes	(e)

(e) There are no purchase options.