Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies.  
Schedule of balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows (in thousands):

    

June 30, 2020

    

December 31, 2019

Operating leases:

 

  

 

  

Operating lease right-of-use assets

 

$

5,303

 

$

5,472

Other current liabilities

652

611

Operating lease liabilities

7,458

7,793

Total operating lease liabilities

$

8,110

$

8,404

Finance leases:

Property and equipment, at cost

$

45

$

45

Accumulated depreciation

(29)

(25)

Property and equipment, net

16

20

Other current liabilities

9

9

Other long-term liabilities

7

11

Total finance lease liabilities

$

16

$

20

Schedule of components of lease expense

The components of lease expense were as follows (in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

Operating lease costs:

Operating lease rental expense

$

373

$

306

$

692

$

613

Other income

(301)

(301)

(601)

(629)

Total operating lease costs

$

72

$

5

$

91

$

(16)

Finance lease costs:

Amortization of right-of-use assets

2

3

4

6

Interest on lease liabilities

1

Total finance lease costs

$

2

$

3

$

4

$

7

Schedule of cash flow information

Supplemental cash flow information related to leases was as follows (in thousands):

Six Months Ended

June 30, 

    

2020

    

2019

Cash paid for amounts included in the measurement of lease liabilities

 

  

 

  

Operating cash flows from operating leases

$

(188)

$

(43)

Operating cash flows from finance leases

 

 

(1)

Financing cash flows from finance leases

(5)

 

(6)

Schedule of maturities of operating lease liabilities

Our operating lease liabilities will mature, as follows (in thousands):

    

Operating Leases

 

Financing Leases

2020 (July 1 - December 31)

$

681

$

5

2021

1,376

8

2022

 

1,401

 

4

2023

 

1,425

 

2024

 

1,450

 

2025 and beyond

 

5,136

 

Total minimum lease payments

$

11,469

$

17

Interest Expense

(3,359)

(1)

Lease liability

$

8,110

$

16

Schedule of maturities of financing lease liabilities

Our operating lease liabilities will mature, as follows (in thousands):

    

Operating Leases

 

Financing Leases

2020 (July 1 - December 31)

$

681

$

5

2021

1,376

8

2022

 

1,401

 

4

2023

 

1,425

 

2024

 

1,450

 

2025 and beyond

 

5,136

 

Total minimum lease payments

$

11,469

$

17

Interest Expense

(3,359)

(1)

Lease liability

$

8,110

$

16

Schedule of expected sublease inflows

Per the terms of our sublease, we expect the following inflows (in thousands):

    

Sublease

2020 (July 1 - December 31)

$

540

2021

943

2022

 

2022

2024

 

2025 and beyond

 

Total minimum lease payments

$

1,483

Schedule of lease term and discount rates

Six Months Ended June 30, 

 

2020

 

2019

Weighted average remaining lease term (years)

Operating leases

8

9

Finance leases

1

2

Weighted average discount rate

Operating leases

9.2%

9.2%

Finance leases

6.5%

6.5%