Schedule of expense, cash flow information and balance sheet information related to operating and finance leases |
The components of lease cost (in thousands) for the years ended December 31, 2020 and 2019 were as follows: | | | | | | | | | Year Ended December 31, | | | 2020 | | 2019 | Finance lease cost | | | | | | | Amortization of right-of-use assets | | $ | 1,357 | | $ | 1,424 | Interest on lease liabilities | | | 46 | | | 177 | Total finance lease cost | | | 1,403 | | | 1,601 | | | | | | | | Operating lease cost | | | 1,511 | | | 1,586 | | | | | | | | Short-term lease cost | | | — | | | — | Total lease cost | | $ | 2,914 | | $ | 3,187 |
Supplemental cash flow information related to leases (in thousands) for the years ended December 31, 2020 and 2019 was as follows: | | | | | | | | | Year Ended December 31, | | | 2020 | | 2019 | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | Operating cash flows from operating leases | | $ | (1,534) | | $ | (1,505) | Operating cash flows from finance leases | | $ | (51) | | $ | (184) | Financing cash flows from finance leases | | $ | (2,326) | | $ | (2,855) | Right-of-use assets obtained in exchange for lease obligations | | | | | | | Operating leases | | $ | 64 | | $ | 8,252 | Finance leases | | $ | — | | $ | 121 |
Supplemental balance sheet information related to leases (in thousands) as of December 31, 2020 and 2019 was as follows: | | | | | | | | | December 31, | | | 2020 | | 2019 | Operating leases | | | | | | | Operating lease right-of-use assets | | $ | 5,494 | | $ | 6,605 | | | | | | | | Operating lease liabilities - current | | $ | 1,109 | | $ | 1,200 | Operating lease liabilities - long-term | | | 4,899 | | | 5,940 | Total operating lease liabilities | | $ | 6,008 | | $ | 7,140 | | | | | | | | Finance leases | | | | | | | Property and equipment, at cost | | $ | 8,663 | | $ | 8,663 | Accumulated depreciation | | | (4,624) | | | (3,297) | Property and equipment, net | | $ | 4,039 | | $ | 5,366 | | | | | | | | Finance lease liabilities - current | | $ | 54 | | $ | 2,316 | Finance lease liabilities - long-term | | | 44 | | | 96 | Total finance lease liabilities | | $ | 98 | | $ | 2,412 | | | | | | | | Weighted average remaining lease term | | | | | | | Operating leases | | | 5.6 years | | | 6.3 years | Finance leases | | | 1.6 years | | | 0.8 years | | | | | | | | Weighted average discount rate | | | | | | | Operating leases | | | 5.04% | | | 5.04% | Finance leases | | | 5.00% | | | 4.67% |
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Schedule of maturities of lease liabilities |
Maturities of lease liabilities (in thousands) at December 31, 2020 are as follows: | | | | | | | | | Operating Leases | | Finance Leases | January 2021 - December 2021 | | $ | 1,386 | | $ | 57 | January 2022 - December 2022 | | | 1,184 | | | 38 | January 2023 - December 2023 | | | 1,172 | | | 8 | January 2024 - December 2024 | | | 1,178 | | | — | January 2025 - December 2025 | | | 879 | | | — | Thereafter | | | 1,122 | | | — | Total payments under lease agreements | | | 6,921 | | | 103 | | | | | | | | Less imputed interest | | | (913) | | | (5) | | | | | | | | Total lease liabilities | | $ | 6,008 | | $ | 98 |
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