Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Right-of-Use Assets and Operating Lease Liabilities

Information related to the Company’s right-of-use assets and related operating lease liabilities were as follows:

 

(amounts in thousands)

 

Twelve months ended

December 31, 2019

 

Cash paid for operating lease liabilities

 

$

2,486

 

Operating lease cost

 

 

2,269

 

Non-cash right-of-use assets obtained in exchange for new operating lease obligations

 

 

7,855

 

Weighted-average remaining lease term

 

2.6 years

 

Weighted-average discount rate

 

 

3.8

%

Schedule of Maturities of Lease Liabilities

 

Maturities of lease liabilities due in the 12-month period ending December 31,

 

 

 

 

2020

 

$

2,228

 

2021

 

 

1,604

 

2022

 

 

1,284

 

2023

 

 

1,217

 

2024

 

 

917

 

Thereafter

 

 

 

 

 

 

7,250

 

Less imputed interest

 

 

(534

)

Total lease liabilities

 

$

6,716

 

 

 

 

 

 

Operating lease liability - current

 

$

2,014

 

Operating lease liability - noncurrent

 

 

4,702

 

Total lease liabilities

 

$

6,716

 

 

Future Minimum Payments under Operating Leases Having Initial or Remaining Non-cancelable Lease Terms in Excess of One Year

As of December 31, 2018, prior to the adoption of Topic 842, future minimum payments under operating leases having initial or remaining non-cancelable lease terms in excess of one year were as follows:

 

(amounts in thousands)

 

Operating leases (1)

 

2019

 

$

2,450

 

2020

 

 

2,212

 

2021

 

 

1,593

 

2022

 

 

1,273

 

2023

 

 

1,215

 

Thereafter

 

 

917

 

Total minimum payments

 

$

9,660

 

 

 

 

 

 

(1) Includes future minimum payments for leases which have not yet commenced.