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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Operating and Financing Leases

 


The following table summarizes the Company’s operating and financing leases as of and for the three months ended March 31, 2019:

 

(in thousands)

 

U.S.

 

 

Ireland

 

 

Total

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

242

 

 

$

56

 

 

$

298

 

Financing lease cost

 

 

8

 

 

 

 

 

 

8

 

Sublease income

 

 

(107

)

 

 

(47

)

 

 

(154

)

Total

 

$

143

 

 

$

9

 

 

 

152

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows out from operating leases

 

 

(262

)

 

 

(56

)

 

 

(318

)

Operating cash flows in from operating leases

 

 

107

 

 

 

47

 

 

 

154

 

Operating cash flows from financing leases

 

 

(12

)

 

 

 

 

 

(12

)

Right-of-use assets exchanged for new operating lease liabilities

 

 

874

 

 

 

 

 

 

874

 

Weighted average remaining lease term

 

 

1.9

 

 

 

2.4

 

 

 

 

 

Weighted average discount rate - operating leases

 

 

8

%

 

 

8

%

 

 

 

 

Schedule of Maturity of Operating Leases Excluding Short-Term Leases

 

           Maturities of the Company’s operating leases, excluding short-term leases, are as follows:

 

(in thousands)

 

U.S.

 

 

Ireland

 

 

Total

 

Nine months ended December 31, 2019

 

$

710

 

 

$

168

 

 

$

878

 

Year ended December 31, 2020

 

 

936

 

 

 

225

 

 

 

1,161

 

Year ended December 31, 2021

 

 

190

 

 

 

131

 

 

 

321

 

Total

 

 

1,836

 

 

 

524

 

 

 

2,360

 

Less present value discount

 

 

(172

)

 

 

(47

)

 

 

(219

)

Operating lease liabilities included in the condensed consolidated balance sheets at March 31, 2019

 

$

1,664

 

 

$

477

 

 

$

2,141