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LEASES (Tables) - Rocket Lab USA, Inc.

12 Months Ended

Dec. 31, 2020

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases as of December 31, were as follows:

Liabilities		Presentation		2020				2019
Current:
Operating lease liabilities		Other current liabilities		$	1,670			$	1,001
Finance lease liabilities		Finance lease liabilities			—				2,246
Total lease liabilities, current					1,670				3,247
Non-current:
Operating lease liabilities		Non-current lease liabilities			27,299				26,025
Total lease liabilities				$	28,969			$	29,272

Components of Lease Expense

The components of lease expense were as follows during the years ended December 31:

		2020				2019
Operating lease costs		$	2,552			$	2,752
Finance lease costs:
Amortization of right-of-use assets		$	583			$	50
Interest on lease liabilities			95				9
Total finance lease costs		$	678			$	59

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows for the years ended December 31:

		2020				2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	2,080			$	2,301
Operating cash flows from finance leases			95				9
Finance cash flows from finance leases			—				737
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	2,410			$	20,011
Finance leases			—				2,974

Schedule of Future Minimum Operating Lease Payments

The following is a schedule of the future minimum operating lease payments by year as of December 31:

		Operating Leases
2021		$	3,076
2022			3,109
2023			3,236
2024			3,143
2025			3,145
Thereafter			24,749
Total lease payments			40,458
Less imputed interest			(11,489	)
Total		$	28,969

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

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