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Leaes
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Leases



(13)Leases



We have operating leases for office space and processing facilities with remaining lease terms ranging from less than 1 year to approximately 4 years. As most of the leases do not provide an implicit rate, we calculated the right-of-use assets and lease liabilities using our secured incremental borrowing rate at the lease commencement date. We currently do not have any finance leases outstanding.

 

Information related to leases was as follows: 





 

 

 

 



 



Three Months Ended

 



March 31, 2019

 



(In thousands)

 

Operating lease information:

 

 

 

 

   Operating cash flows from operating leases

 

$

79 

 

   Weighted average remaining lease term in years

 

 

4.26 

 

   Weighted average discount rate

 

 

%



 

 

 

 



 





Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows:











 

 

 

 



 

 

Year

 

 

Amount

 



 

 

(In thousands)

 

2019

 

$

89

 

2020

 

 

99

 

2021

 

 

103

 

2022

 

 

106

 

2023

 

 

72

 

Total minimum lease payments

 

$

469

 

Less imputed interest

 

 

(43

)



 

 

 

Total operating lease liability

 

$

426

 



 

 

 

As reflected on balance sheet:

 

 

 

Other long-term liabilities

 

$

426

 

Total operating lease liability

 

$

426

 



 

 

 

 



At March 31, 2019, we had approximately $426,000 right-of-use operating lease assets recorded within “buildings and equipment” on the Consolidated Balance Sheet.