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Leases
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Leases

(13)LEASES

We have operating leases for office space and processing facilities with remaining lease terms ranging from less than one year to approximately five 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:

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

Three Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2019

 

 

 

(In thousands)

 

 

(In thousands)

 

Operating lease information:

 

 

 

 

 

 

 

 

Operating cash outflows from operating leases

 

$

234

 

 

$

77

 

Weighted average remaining lease term in years

 

 

4.11

 

 

 

4.11

 

Weighted average discount rate

 

 

6.0

%

 

 

6.0

%

 

Future minimum lease payments under non-cancellable leases as of September 30, 2019 were as follows:

 

 

 

 

Year

    

Amount

 

 

 (In thousands)

2019

 

$

88

2020

 

 

238

2021

 

 

201

2022

 

 

206

2023

 

 

174

2024

 

 

59

Total minimum lease payments

 

$

966

Less imputed interest

 

 

(84)

 

 

 

 

Total operating lease liability

 

$

882

 

 

 

 

As reflected on balance sheet:

 

 

 

Other long-term liabilities

 

$

882

Total operating lease liability

 

$

882

 

 

 

 

 

At September 30, 2019, we had approximately $882,000 right-of-use operating lease assets recorded within “buildings and equipment” on the Consolidated Balance Sheet.