Leases (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Leases [Abstract] |
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| Schedule of Lease Payments and Fair Value Assumptions |
The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments: | | | | | | Finance
Leases | | Operating
Leases | Weighted Average Remaining Lease Term | 1.5 years | | 2.5 years | Weighted Average Discount Rate | 3.00% | | 6.07% |
Our expenses and payments for operating leases were as follows: | | | | | | | | | | | | | | Year Ended December 31, | (Dollars in thousands) | 2019 | | 2018 | | 2017 | Operating leases expense | $ | 3,119 |
| | $ | 3,850 |
| | $ | 3,819 |
| Short-term leases expense | $ | 192 |
| | $ | 112 |
| | $ | 236 |
| Payments on operating lease obligations | $ | 2,967 |
| | $ | 3,850 |
| | $ | 3,819 |
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| Schedule of Assets and Liabilities Related to Finance and Operating Leases |
Our assets and liabilities balances related to finance and operating leases reflected in the consolidated statements of financial position, were as follows: | | | | | | | | | | | | As of December 31, | (Dollars in thousands) | Financial Statement Line Item | 2019 | | 2018 | Finance lease right-of-use assets | Property, plant and equipment, net | $ | 6,280 |
| | $ | 6,750 |
| Operating lease right-of-use assets | Other long-term assets | $ | 4,656 |
| | $ | — |
| | | | | | Finance lease obligations, current portion | Other accrued liabilities | $ | 400 |
| | $ | 420 |
| Finance lease obligations, non-current portion | Other long-term liabilities | $ | 4,140 |
| | $ | 4,629 |
| Total finance lease obligations | | $ | 4,540 |
| | $ | 5,049 |
| | | | | | Operating lease obligations, current portion | Other accrued liabilities | $ | 2,343 |
| | $ | — |
| Operating lease obligations, non-current portion | Other long-term liabilities | $ | 2,334 |
| | $ | — |
| Total operating lease obligations | | $ | 4,677 |
| | $ | — |
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| Schedule of Finance Lease Liability Maturity |
The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of December 31, 2019: | | | | | | | | | | | | | | | | | | Finance | | Operating | (Dollars in thousands) | Leases in Effect | | Leases Signed | | Less: Leases Not Yet Commenced | | Leases in Effect | 2020 | $ | 532 |
| | $ | 2,570 |
| | $ | (128 | ) | | $ | 2,442 |
| 2021 | 4,202 |
| | 1,649 |
| | (128 | ) | | 1,521 |
| 2022 | — |
| | 919 |
| | (101 | ) | | 818 |
| 2023 | — |
| | 332 |
| | (101 | ) | | 231 |
| 2024 | — |
| | 131 |
| | (101 | ) | | 30 |
| Thereafter | — |
| | 2 |
| | — |
| | 2 |
| Total lease payments | 4,734 |
| | 5,603 |
| | (559 | ) | | 5,044 |
| Less: Interest | (194 | ) | | (389 | ) | | 22 |
| | (367 | ) | Present Value of Net Future Minimum Lease Payments | $ | 4,540 |
| | $ | 5,214 |
| | $ | (537 | ) | | $ | 4,677 |
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| Schedule of Operating Lease Liability Maturity |
The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of December 31, 2019: | | | | | | | | | | | | | | | | | | Finance | | Operating | (Dollars in thousands) | Leases in Effect | | Leases Signed | | Less: Leases Not Yet Commenced | | Leases in Effect | 2020 | $ | 532 |
| | $ | 2,570 |
| | $ | (128 | ) | | $ | 2,442 |
| 2021 | 4,202 |
| | 1,649 |
| | (128 | ) | | 1,521 |
| 2022 | — |
| | 919 |
| | (101 | ) | | 818 |
| 2023 | — |
| | 332 |
| | (101 | ) | | 231 |
| 2024 | — |
| | 131 |
| | (101 | ) | | 30 |
| Thereafter | — |
| | 2 |
| | — |
| | 2 |
| Total lease payments | 4,734 |
| | 5,603 |
| | (559 | ) | | 5,044 |
| Less: Interest | (194 | ) | | (389 | ) | | 22 |
| | (367 | ) | Present Value of Net Future Minimum Lease Payments | $ | 4,540 |
| | $ | 5,214 |
| | $ | (537 | ) | | $ | 4,677 |
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