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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Summary of Components of Operating Lease Expense

For the three and six months ended June 30, 2019, the components of operating lease expense were as follows (in thousands):

 

Summary of Supplemental Cash Flow Information Related to Operating Leases

 

Supplemental cash flow information related to the Company’s operating leases for the six months ended June 30, 2019, was as follows (in thousands):

 

Summary of Lease Balances Related to Operating and Finance Leases Except Weighted Average Remaining Lease Term And Discount Rate

The following table presents the lease balances within the condensed consolidated balance sheet, weighted average remaining lease term, and the weighted average discount rates related to the Company’s operating and finance leases as of June 30, 2019 (in thousands, except for the weighted average remaining lease term and the weighted average discount rate):

 

Lease Assets and Liabilities

 

Classification

 

June 30, 2019

 

Assets

 

 

 

 

 

 

Operating

 

Operating lease right of use assets

 

$

4,187

 

Financing

 

Property and equipment, net

 

 

1,346

 

Total leased assets

 

 

 

$

5,533

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Current

 

 

 

 

 

 

Operating

 

Current operating lease liabilities

 

$

571

 

Non-Current

 

 

 

 

 

 

Operating

 

Non-current operating lease liabilities

 

 

4,278

 

Total lease liabilities

 

 

 

$

4,849

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

6 years

 

Weighted average discount rate

 

 

 

 

11

%

Summary of Maturity of Operating Lease Liabilities

 

The following table presents the maturity of the Company’s operating lease liabilities as of June 30, 2019 (in thousands):

 

Years Ending December 31,

 

 

 

 

2019 (remainder)

 

$

603

 

2020

 

 

928

 

2021

 

 

943

 

2022

 

 

1,061

 

2023

 

 

1,076

 

2024

 

 

1,092

 

Thereafter

 

 

1,108

 

Total future minimum lease payments

 

 

6,811

 

Less imputed interest

 

 

(1,962

)

Total operating lease liabilities

 

$

4,849

 

Summary of Future Minimum Payments Due Under Operating Leases

The following table summarizes the future minimum payments due for the Company’s operating leases under the prior lease guidance for each of the next five years and total thereafter as of December 31, 2018 (in thousands):

 

Years Ending December 31,

 

 

 

 

2019

 

$

1,361

 

2020

 

 

1,054

 

2021

 

 

995

 

2022

 

 

1,107

 

2023

 

 

1,123

 

Thereafter

 

 

2,246

 

 

 

$

7,886