Leases (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Leases [Abstract] |
|
| Changes in Carrying Amount of Company's AROs |
Changes in the carrying amounts of the Company’s AROs for the years ended December 31, 2020 and 2019 are shown below (in thousands):
|
|
|
2020
|
|
|
2019
|
|
|
Balance at beginning of year
|
|
$
|
1,365
|
|
|
$
|
344
|
|
|
Liabilities incurred in the current period
|
|
|
—
|
|
|
|
949
|
|
|
Accretion expense
|
|
|
125
|
|
|
|
72
|
|
|
Balance at end of year
|
|
$
|
1,490
|
|
|
$
|
1,365
|
|
|
| Components of Lease Expense |
The components of lease expense for the years ended December 31, 2020 and December 31, 2019 were as follows (in thousands):
|
|
2020
|
|
|
2019
|
|
|
Operating leases
|
|
|
|
|
|
|
|
|
Operating lease expense
|
$
|
2,520
|
|
|
$
|
2,175
|
|
|
Variable lease expense
|
|
491
|
|
|
|
456
|
|
|
Total operating lease expense
|
$
|
3,011
|
|
|
$
|
2,631
|
|
|
|
|
|
|
|
|
|
|
|
Finance leases
|
|
|
|
|
|
|
|
|
Amortization of right-of-use asset
|
$
|
8
|
|
|
$
|
8
|
|
|
Interest on lease liabilities
|
|
1
|
|
|
|
2
|
|
|
Total finance lease expense
|
$
|
9
|
|
|
$
|
10
|
|
|
| Schedule of Balance Sheets Classification of Leases |
The following table summarizes the balance sheet classification of leases at December 31, 2020 (in thousands):
|
Operating leases
|
|
|
|
|
Operating lease right-of-use assets
|
$
|
11,104
|
|
|
|
|
|
|
|
Operating lease liabilities, current1
|
$
|
2,210
|
|
|
Operating lease liabilities, non-current
|
|
12,213
|
|
|
Total operating lease liabilities
|
$
|
14,423
|
|
|
|
|
|
|
|
Finance leases
|
|
|
|
|
Property and equipment, at cost
|
$
|
77
|
|
|
Less, Accumulated depreciation
|
|
49
|
|
|
Property and equipment, net
|
$
|
28
|
|
|
|
|
|
|
|
Finance lease liabilities, current1
|
$
|
1
|
|
|
|
1.
|
Included in other current liabilities.
|
|
| Schedule of Leases Information |
The following table presents other information on leases as of December 31, 2020 and December 31, 2019 (in thousands):
|
|
|
2020
|
|
|
2019
|
|
|
Weighted average remaining lease term, operating leases
|
|
6.1 years
|
|
|
7.2 years
|
|
|
Weighted average remaining lease term, finance leases
|
|
0.1 years
|
|
|
0.8 years
|
|
|
Weighted average discount rate, operating leases
|
|
|
7.04
|
%
|
|
|
6.72
|
%
|
|
Weighted average discount rate, finance leases
|
|
|
0.00
|
%
|
|
|
6.88
|
%
|
|
Right of use assets obtained in exchange for operating lease liabilities
|
|
$
|
2,735
|
|
|
$
|
7,501
|
|
|
| Schedule of Future Minimum Payments Under Operating Leases |
Future minimum payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2020 (in thousands):
|
|
|
Operating Leases
|
|
|
Finance Leases
|
|
|
|
|
|
|
|
|
|
|
|
|
2021
|
|
$
|
3,142
|
|
|
$
|
1
|
|
|
2022
|
|
|
3,361
|
|
|
|
—
|
|
|
2023
|
|
|
2,689
|
|
|
|
—
|
|
|
2024
|
|
|
2,218
|
|
|
|
—
|
|
|
2025
|
|
|
2,147
|
|
|
|
—
|
|
|
Thereafter
|
|
|
4,244
|
|
|
|
—
|
|
|
Total lease payments
|
|
|
17,801
|
|
|
|
1
|
|
|
Less:
|
|
|
|
|
|
|
|
|
|
Imputed interest
|
|
|
(3,378
|
)
|
|
|
—
|
|
|
Total lease liabilities
|
|
$
|
14,423
|
|
|
$
|
1
|
|
|
| Supplemental Cash Flow Information |
Supplemental cash flow information related to the Company’s leases were as follows for the years ended December 31, 2020 and December 31, 2019 (in thousands):
|
|
|
2020
|
|
|
2019
|
|
|
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
|
|
|
|
|
Operating cash flows operating leases
|
|
$
|
2,453
|
|
|
$
|
1,278
|
|
|
Operating cash flows finance leases
|
|
|
1
|
|
|
|
3
|
|
|
Financing cash flows finance leases
|
|
$
|
18
|
|
|
$
|
31
|
|
|