Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Operating Leases and Related Expense

Other information concerning the Company’s operating leases accounted for under ASC 842 guidelines and the related expense, assets and liabilities follow:

	Three Months Ended June 30, 2019
Operating lease expense	$	651
Cash paid for operating leases included in operating cash flows		696

	Six Months Ended June 30, 2019
Operating lease expense	$	1,252
Cash paid for operating leases included in operating cash flows		1,341

Assets and Liabilities

	As of June 30, 2019
Operating lease right-of-use asset	$	4,075
Operating lease short-term liability included in other current liabilities		1,742
Operating lease long-term liability included in other long-term liabilities		2,349
Weighted average remaining lease term (in years)		4.73
Weighted average discount rate used in calculating right-of-use asset		4.12	%

Future Annual Minimum Lease Payments

Future annual minimum lease payments as of June 30, 2019 are as follows:

	Amount
2019 (six months remaining)	$	1,116
2020		1,321
2021		683
2022		382
2023		219
2024 and thereafter		911
Total		4,632
Less interest		(541	)
Present value of lease liabilities	$	4,091

Minimum Rental Commitments

As required by the ASU, the following table discloses the minimum rental commitments for all non-cancelable operating leases at December 31, 2018 as reported in the Company’s 2018 10-K under previous ASC 840 guidance:

	Amount
2019	$	1,992
2020		1,100
2021		388
2022		144
2023		66
2024 and thereafter		12
Total	$	3,702