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Leases (Table)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of Balances Included in Condensed Consolidated Statement of Financial Position (Unaudited) Related to Leases

Amounts included in the Condensed Consolidated Statement of Financial Position (Unaudited) related to leases include:

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Right of use asset - operating leases

 

$

4,935

 

 

$

5,901

 

 

 

 

 

 

 

 

 

 

Operating lease liability - short-term

 

$

1,786

 

 

$

2,057

 

Operating lease liability - long-term

 

 

3,365

 

 

 

4,074

 

Total operating lease liabilities

 

$

5,151

 

 

$

6,131

 

 

Schedule of Lease Expense

 

The components of lease expense include:

 

 

 

 

 

For the Quarter Ended September 30,

 

 

For the Nine Months Ended September 30,

 

Lease Cost

 

Classification

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease cost (1)

 

Cost of sales

 

$

392

 

 

$

453

 

 

$

1,226

 

 

$

1,310

 

Operating lease cost (1)

 

Selling, general and administrative expenses

 

 

396

 

 

 

441

 

 

 

1,264

 

 

 

1,338

 

Total lease cost

 

 

 

$

788

 

 

$

894

 

 

$

2,490

 

 

$

2,648

 

 

(1)

Includes short-term leases and variable lease costs, which are immaterial

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

For the Nine Months Ended September 30,

 

Supplemental Cash Flow Information

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,877

 

 

$

1,808

 

Right-of-use assets obtained in exchange for new lease liabilities:

 

 

 

 

 

 

 

 

Operating leases

 

$

701

 

 

$

2,029

 

 

Lease Term and Discount Rate

 

September 30, 2020

 

 

December 31, 2019

 

Weighted-average remaining lease term (years):

 

 

 

 

 

 

 

 

Operating leases

 

 

3.81

 

 

 

4.23

 

Weighted-average discount rate:

 

 

 

 

 

 

 

 

Operating leases

 

 

5.0

%

 

 

5.0

%

 

Maturity of Operating Lease Lease Liabilities

Maturity of Lease Liabilities - As of September 30, 2020

 

Operating Leases

 

2020 (1)

 

$

568

 

2021

 

 

1,782

 

2022

 

 

1,312

 

2023

 

 

1,038

 

2024

 

 

339

 

After 2024

 

 

621

 

Total lease payments

 

 

5,660

 

Less: Interest

 

 

(509

)

Present value of lease liabilities

 

$

5,151

 

 

(1)

Represents amounts due in 2020 after September 30, 2020