The table below presents information related to the Company’s finance and operating leases:
|
|
|
|
|
|
|
September 30,
2019 |
|
(in thousands) |
| Finance lease cost |
|
| Amortization of leased assets |
$ |
96 |
|
| Interest of lease liabilities |
36 |
|
| Operating lease costs |
|
Operating lease cost (a)
|
604 |
|
Variable lease cost (a)
|
280 |
|
| Total lease cost |
$ |
1,016 |
|
(a)Expenses are classified within general and administrative expenses within the Company’s condensed consolidated statement of operations and comprehensive (loss) income.
The table below presents lease-related terms and discount rates as of September 30, 2019:
|
|
|
|
|
|
|
September 30,
2019 |
| Weighted average remaining lease terms |
|
| Operating leases |
3.6 years |
| Finance leases |
3.1 years |
| Weighted average discount rate |
|
| Operating leases |
4.9 |
% |
| Finance leases |
6.7 |
% |
|