| Components of Lease Expense, Supplemental Cash Flow Information Related to Leases, and Supplemental Balance Sheet Information Related to Leases |
The components of lease expense were as follows: | | | | | | | | | | 2020 | 2019 | | Operating lease cost | $ | 5,896 | | $ | 5,684 | | | Finance lease cost: | | | | Amortization of right-of-use assets | $ | 287 | | $ | 271 | | | Interest on lease obligation | 156 | | 169 | | | Total finance lease cost | $ | 443 | | $ | 440 | |
The following table provides supplemental cash flows information related to leases: | | | | | | | | | | 2020 | 2019 | Cash Flows from Operating Activities | | | | Cash paid for amounts included in lease obligations: | | | | Operating cash flows from operating leases | $ | 4,852 | | $ | 4,583 | | | | | | Supplemental Lease Cash Flow Disclosures | | | | Operating lease right-of-use assets obtained in exchange for new operating lease obligations | $ | 5,270 | | $ | 7,818 | |
The following tables set forth supplemental balance sheet information related to leases at December 31: | | | | | | | | | | 2020 | 2019 | | Operating Leases | | | | Operating lease right-of-use assets | $ | 24,714 | $ | 24,039 | | | | | Accounts payable and accrued liabilities | $ | 3,537 | 3,451 | | Operating lease obligation | 22,202 | 21,804 | | Total operating lease obligation | $ | 25,739 | $ | 25,255 | | | | | Finance Leases | | | | Property, plant and equipment, at cost | $ | 3,586 | $ | 3,534 | | Accumulated depreciation and amortization | (1,361) | (1,296) | | Property, plant and equipment, net | $ | 2,225 | $ | 2,238 | | | | | Current portion of long-term debt | $ | 189 | $ | 162 | | Long-term debt | 1,847 | 1,872 | | Total finance lease obligation | $ | 2,036 | $ | 2,034 | | | | | | | | 2020 | 2019 | | Weighted-Average Remaining Lease Term (years) | | | | Operating leases | 8.5 | 8.4 | | Finance leases | 9.9 | 10.3 | | | | | Weighted-Average Discount Rate | | | | Operating leases | 4.1 | % | 4.2 | % | | Finance leases | 8.1 | % | 8.4 | % |
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| Schedule of Maturities of Operating Leases |
The following table provides the expected future minimum maturities of lease obligations: | | | | | | | | | | | | | Operating Leases | | Finance
Leases | | 2021 | $ | 4,808 | | | $ | 350 | | | 2022 | 4,527 | | | 333 | | | 2023 | 4,094 | | | 300 | | | 2024 | 3,560 | | | 276 | | | 2025 | 2,904 | | | 272 | | | Thereafter | 11,230 | | | 1,609 | | | Total lease payments | 31,123 | | | 3,140 | | | Less: imputed interest | (5,384) | | | (1,104) | | | Total | $ | 25,739 | | | $ | 2,036 | |
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| Schedule of Maturities of Finance Leases |
The following table provides the expected future minimum maturities of lease obligations: | | | | | | | | | | | | | Operating Leases | | Finance
Leases | | 2021 | $ | 4,808 | | | $ | 350 | | | 2022 | 4,527 | | | 333 | | | 2023 | 4,094 | | | 300 | | | 2024 | 3,560 | | | 276 | | | 2025 | 2,904 | | | 272 | | | Thereafter | 11,230 | | | 1,609 | | | Total lease payments | 31,123 | | | 3,140 | | | Less: imputed interest | (5,384) | | | (1,104) | | | Total | $ | 25,739 | | | $ | 2,036 | |
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