Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Minimum Annual Rental Commitments

We have no financing leases and minimum annual rental commitments under non-cancellable operating leases consisted of the following at December 31, 2019 (in thousands):


Years Ending December 31,
2020	$	1,689
2021		1,635
2022		1,456
2023		1,122
2024		787
Thereafter		1,504
Total lease payments (a)		8,193
Less: Interest (b)		1,196
Present value of lease liabilities (c)	$	6,997

(a)

Lease payments include options to extend lease terms that are reasonably certain of being exercised. There were no legally binding minimum lease payments for leases signed but not yet commenced at December 31, 2019.

(b)

Our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our discount rate for such leases to determine the present value of lease payments at the lease commencement date.

(c)

The weighted average remaining lease term and weighted average discount rate used in calculating our lease liabilities were 6.6 years and 4.6%, respectively, at December 31, 2019.