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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Lease, cost
The components of lease expense were as follows:
(in thousands)
Three Months Ended March 31, 2020
 
Three Months Ended March 31, 2019
Operating lease expense
$
149

 
$
125

Short-term lease expense
1,281

 
1,193

Variable lease expense
134

 
86

 
 
 
 
Finance lease expense:
 
 
 
Amortization of right-of-use assets
$
392

 
$
265

Interest expense on lease liabilities
195

 
32

Total finance lease expense
587

 
297

Total lease expense
$
2,151

 
$
1,701

Supplemental cash flow information related to leases is as follows:
(in thousands)
Three Months Ended March 31, 2020
 
Three Months Ended March 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
 
 
 
Operating cash flows from operating leases
$
160

 
$
103

Operating cash flows from finance leases
$
194

 
$
32

Financing cash flows from finance leases
$
1,086

 
$
216

 
 
 
 
Right-of-use assets obtained or recorded in exchange for lease obligations:
 
 
 
Operating leases
$
178

 
$
955

Finance leases
$
54

 
$
520

Assets and liabilities, lessee
Supplemental balance sheet information related to leases is as follows:
(in thousands)
 
March 31, 2020
 
December 31, 2019
Operating leases:
 
 
 
 
Other long-term assets, net
 
$
1,095

 
$
1,033

 
 
 
 
 
Accrued liabilities
 
$
545

 
$
475

Other long-term liabilities
 
1,198

 
1,250

Total operating lease liabilities
 
$
1,743

 
$
1,725

 
 
 
 
 
Finance leases:
 
 
 
 
Property, plant and equipment
 
$
13,774

 
$
14,375

Accumulated depreciation
 
(1,352
)
 
(1,425
)
Property, plant and equipment, net
 
$
12,422

 
$
12,950

 
 
 
 
 
Current portion of long-term debt
 
$
3,268

 
$
3,685

Long-term debt
 
6,654

 
7,472

Total finance lease liabilities
 
$
9,922

 
$
11,157

 
 
 
 
 
Weighted-average remaining lease term
 
 
 
 
Operating leases
 
3.3 years

 
3.6 years

Finance leases
 
2.5 years

 
2.7 years

 
 
 
 
 
Weighted-average discount rate
 
 
 
 
Operating leases
 
8.00
%
 
8.07
%
Finance leases
 
7.66
%
 
7.64
%
Maturity of operating lease liability
Maturities of lease liabilities at March 31, 2020 were as follows:
(in thousands)
Operating Leases
 
Finance Leases
2020
$
505

 
$
2,861

2021
616

 
3,661

2022
444

 
3,517

2023
370

 
164

2024
47

 

Thereafter

 

Total cash lease payment
1,982

 
10,203

Add: expected residual value

 
832

Less: imputed interest
(239
)
 
(1,113
)
Total lease liabilities
$
1,743

 
$
9,922

Maturity of finance lease liability
Maturities of lease liabilities at March 31, 2020 were as follows:
(in thousands)
Operating Leases
 
Finance Leases
2020
$
505

 
$
2,861

2021
616

 
3,661

2022
444

 
3,517

2023
370

 
164

2024
47

 

Thereafter

 

Total cash lease payment
1,982

 
10,203

Add: expected residual value

 
832

Less: imputed interest
(239
)
 
(1,113
)
Total lease liabilities
$
1,743

 
$
9,922