XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.2

Leases

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Leases

LeasesAs of September 30, 2021 and December 31, 2020, the Company had obligations under finance leases of $4.4 million and $5.5 million, respectively, and obligations under operating leases of $6.9 million and $3.0 million, respectively. As of September 30, 2021 and December 31, 2020, the Company had right of use ("ROU") assets, net of accumulated amortization, under finance leases of $1.9 million and $2.4 million, respectively, and ROU assets, net of accumulated amortization, under operating leases of $6.4 million and $1.9 million, respectively.

Finance leases

ROU assets under finance leases and finance lease liabilities are included in Property, plant and equipment and Current portion and Long-term portion of borrowings, respectively, in the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020. Interest expense related to finance lease liabilities and amortization of ROU assets under finance leases are included in Interest expense and Depreciation, amortization, depletion and accretion, respectively, in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2021 and September 30, 2020.

Operating leases

ROU assets under operating leases and operating lease liabilities are included in Other long-term assets and Other current liabilities and Other long-term liabilities, respectively, in the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020.

Lease expense for operating leases for the three and nine months ended September 30, 2021 was $1.1 million and $3.1 million, respectively, of which $1.0 million and $2.7 million, respectively, is included in Consumables - cost of revenue, exclusive of depreciation and amortization, and $0.1 million and $0.4 million, respectively, is included in General and administrative in the Condensed Consolidated Statement of Operations. Lease expense for operating leases for the three and nine months ended September 30, 2020 was $1.1 million and $3.5 million, respectively, of which $1.0 million and $2.9 million, respectively, is included in Consumables - cost of revenue, exclusive of depreciation and amortization, and $0.1 million and $0.6 million, respectively, is included in General and administrative in the Condensed Consolidated Statement of Operations.

Lease financial information as of and for the three and nine months ended September 30, 2021 and 2020 is provided in the following table:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)						2021						2020						2021						2020
Finance lease cost:
Amortization of right-of-use assets						$	152					$	258					$	500					$	1,237
Interest on lease liabilities						74						88						223						275
Operating lease cost						852						412						1,764						1,941
Short-term lease cost						288						671						1,261						1,377
Variable lease cost (1)						9						10						30						147
Total lease cost						$	1,375					$	1,439					$	3,778					$	4,977
Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases																		$	223					$	275
Operating cash flows from operating leases																		$	2,514					$	1,678
Financing cash flows from finance leases																		$	1,085					$	1,026
Right-of-use assets obtained in exchange for new finance lease liabilities																		$	—					$	158
Right-of-use assets obtained in exchange for new operating lease liabilities																		$	6,392					$	59
Weighted-average remaining lease term - finance leases																		3.1 years						3.7 years
Weighted-average remaining lease term - operating leases																		3.1 years						2.0 years
Weighted-average discount rate - finance leases																		6.4		%				6.1		%
Weighted-average discount rate - operating leases																		6.6		%				8.5		%

(1) Primarily includes common area maintenance, property taxes and insurance payable to lessors.

Leases

LeasesAs of September 30, 2021 and December 31, 2020, the Company had obligations under finance leases of $4.4 million and $5.5 million, respectively, and obligations under operating leases of $6.9 million and $3.0 million, respectively. As of September 30, 2021 and December 31, 2020, the Company had right of use ("ROU") assets, net of accumulated amortization, under finance leases of $1.9 million and $2.4 million, respectively, and ROU assets, net of accumulated amortization, under operating leases of $6.4 million and $1.9 million, respectively.

Finance leases

ROU assets under finance leases and finance lease liabilities are included in Property, plant and equipment and Current portion and Long-term portion of borrowings, respectively, in the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020. Interest expense related to finance lease liabilities and amortization of ROU assets under finance leases are included in Interest expense and Depreciation, amortization, depletion and accretion, respectively, in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2021 and September 30, 2020.

Operating leases

ROU assets under operating leases and operating lease liabilities are included in Other long-term assets and Other current liabilities and Other long-term liabilities, respectively, in the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020.

Lease expense for operating leases for the three and nine months ended September 30, 2021 was $1.1 million and $3.1 million, respectively, of which $1.0 million and $2.7 million, respectively, is included in Consumables - cost of revenue, exclusive of depreciation and amortization, and $0.1 million and $0.4 million, respectively, is included in General and administrative in the Condensed Consolidated Statement of Operations. Lease expense for operating leases for the three and nine months ended September 30, 2020 was $1.1 million and $3.5 million, respectively, of which $1.0 million and $2.9 million, respectively, is included in Consumables - cost of revenue, exclusive of depreciation and amortization, and $0.1 million and $0.6 million, respectively, is included in General and administrative in the Condensed Consolidated Statement of Operations.

Lease financial information as of and for the three and nine months ended September 30, 2021 and 2020 is provided in the following table:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)						2021						2020						2021						2020
Finance lease cost:
Amortization of right-of-use assets						$	152					$	258					$	500					$	1,237
Interest on lease liabilities						74						88						223						275
Operating lease cost						852						412						1,764						1,941
Short-term lease cost						288						671						1,261						1,377
Variable lease cost (1)						9						10						30						147
Total lease cost						$	1,375					$	1,439					$	3,778					$	4,977
Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases																		$	223					$	275
Operating cash flows from operating leases																		$	2,514					$	1,678
Financing cash flows from finance leases																		$	1,085					$	1,026
Right-of-use assets obtained in exchange for new finance lease liabilities																		$	—					$	158
Right-of-use assets obtained in exchange for new operating lease liabilities																		$	6,392					$	59
Weighted-average remaining lease term - finance leases																		3.1 years						3.7 years
Weighted-average remaining lease term - operating leases																		3.1 years						2.0 years
Weighted-average discount rate - finance leases																		6.4		%				6.1		%
Weighted-average discount rate - operating leases																		6.6		%				8.5		%

(1) Primarily includes common area maintenance, property taxes and insurance payable to lessors.

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

+ Details

Name:	us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

+ Details

Name:	us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration