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Leases | 9 Months Ended
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Sep. 30, 2021
Leases [Abstract] |
Leases | LEASES Right of Use Assets and Liabilities The following table summarizes quantitative information pertaining to the Company’s finance and operating leases.
| Three months ended September 30, |  | Nine months ended September 30,
In thousands | 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost | $ | 3,180 |  |  | $ | 3,067 |  |  | $ | 9,437 |  |  | $ | 8,969 |  |  |
Short-term operating lease cost | $ | 2,441 |  |  | $ | 2,465 |  |  | $ | 7,614 |  |  | $ | 6,293 |  |  |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets | $ | 5,141 |  |  | $ | 4,109 |  |  | $ | 16,068 |  |  | $ | 16,506 |  |  |
Interest on lease liabilities | 1,833 |  |  | 927 |  |  | 3,441 |  |  | 2,852 |  |  |
Total finance lease cost | $ | 6,974 |  |  | $ | 5,036 |  |  | $ | 19,509 |  |  | $ | 19,358 |  |  |
Supplemental cash flow information related to leases was as follows:
| Three months ended September 30, |  | Nine months ended September 30,
In thousands | 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 5,621 |  |  | $ | 5,850 |  |  | $ | 17,256 |  |  | $ | 16,201 |  |  |
Operating cash flows from finance leases | $ | 1,833 |  |  | $ | 927 |  |  | $ | 3,441 |  |  | $ | 2,852 |  |  |
Financing cash flows from finance leases | $ | 7,944 |  |  | $ | 8,557 |  |  | $ | 22,970 |  |  | $ | 20,171 |  |  |
Supplemental balance sheet information related to leases was as follows:
In thousands | September 30, 2021 |  | December 31, 2020
Operating Leases |  |  |
Other assets, non-current | $ | 32,754 |  |  | $ | 40,511 |
Accrued liabilities and other | $ | 11,202 |  |  | $ | 12,410 |
Other long-term liabilities | 20,631 |  |  | 27,433 |
Total operating lease liabilities | $ | 31,833 |  |  | $ | 39,843 |
Finance Leases |  |  |
Property and equipment, gross | $ | 113,732 |  |  | $ | 104,433 |
Accumulated depreciation | (58,153) |  |  | (60,272) |
Property and equipment, net | $ | 55,579 |  |  | $ | 44,161 |
Debt, current | $ | 31,384 |  |  | $ | 22,074 |
Debt, non-current | 23,004 |  |  | 25,837 |
Total finance lease liabilities | $ | 54,388 |  |  | $ | 47,911 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.66 |  | 1.36
Weighted-average remaining lease term - operating leases | 3.40 |  | 4.00
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.11 | % |  | 5.37 | %
Weighted-average discount rate - operating leases | 5.19 | % |  | 5.18 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of September 30, 2021 (In thousands) |  |  |
| Operating leases |  | Finance leases
2021 | $ | 3,107 |  |  | $ | 6,082 |
2022 | 10,994 |  |  | 23,920 |
2023 | 10,432 |  |  | 14,218 |
2024 | 8,887 |  |  | 6,842 |
2025 | 213 |  |  | 5,298 |
Thereafter | 1,165 |  |  | 3,386 |
Total | $ | 34,798 |  |  | $ | 59,746 |
Less: imputed interest | (2,965) |  |  | (5,358) |
Net lease obligation | $ | 31,833 |  |  | $ | 54,388 |
Leases | LEASES Right of Use Assets and Liabilities The following table summarizes quantitative information pertaining to the Company’s finance and operating leases.
| Three months ended September 30, |  | Nine months ended September 30,
In thousands | 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost | $ | 3,180 |  |  | $ | 3,067 |  |  | $ | 9,437 |  |  | $ | 8,969 |  |  |
Short-term operating lease cost | $ | 2,441 |  |  | $ | 2,465 |  |  | $ | 7,614 |  |  | $ | 6,293 |  |  |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets | $ | 5,141 |  |  | $ | 4,109 |  |  | $ | 16,068 |  |  | $ | 16,506 |  |  |
Interest on lease liabilities | 1,833 |  |  | 927 |  |  | 3,441 |  |  | 2,852 |  |  |
Total finance lease cost | $ | 6,974 |  |  | $ | 5,036 |  |  | $ | 19,509 |  |  | $ | 19,358 |  |  |
Supplemental cash flow information related to leases was as follows:
| Three months ended September 30, |  | Nine months ended September 30,
In thousands | 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 5,621 |  |  | $ | 5,850 |  |  | $ | 17,256 |  |  | $ | 16,201 |  |  |
Operating cash flows from finance leases | $ | 1,833 |  |  | $ | 927 |  |  | $ | 3,441 |  |  | $ | 2,852 |  |  |
Financing cash flows from finance leases | $ | 7,944 |  |  | $ | 8,557 |  |  | $ | 22,970 |  |  | $ | 20,171 |  |  |
Supplemental balance sheet information related to leases was as follows:
In thousands | September 30, 2021 |  | December 31, 2020
Operating Leases |  |  |
Other assets, non-current | $ | 32,754 |  |  | $ | 40,511 |
Accrued liabilities and other | $ | 11,202 |  |  | $ | 12,410 |
Other long-term liabilities | 20,631 |  |  | 27,433 |
Total operating lease liabilities | $ | 31,833 |  |  | $ | 39,843 |
Finance Leases |  |  |
Property and equipment, gross | $ | 113,732 |  |  | $ | 104,433 |
Accumulated depreciation | (58,153) |  |  | (60,272) |
Property and equipment, net | $ | 55,579 |  |  | $ | 44,161 |
Debt, current | $ | 31,384 |  |  | $ | 22,074 |
Debt, non-current | 23,004 |  |  | 25,837 |
Total finance lease liabilities | $ | 54,388 |  |  | $ | 47,911 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.66 |  | 1.36
Weighted-average remaining lease term - operating leases | 3.40 |  | 4.00
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.11 | % |  | 5.37 | %
Weighted-average discount rate - operating leases | 5.19 | % |  | 5.18 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of September 30, 2021 (In thousands) |  |  |
| Operating leases |  | Finance leases
2021 | $ | 3,107 |  |  | $ | 6,082 |
2022 | 10,994 |  |  | 23,920 |
2023 | 10,432 |  |  | 14,218 |
2024 | 8,887 |  |  | 6,842 |
2025 | 213 |  |  | 5,298 |
Thereafter | 1,165 |  |  | 3,386 |
Total | $ | 34,798 |  |  | $ | 59,746 |
Less: imputed interest | (2,965) |  |  | (5,358) |
Net lease obligation | $ | 31,833 |  |  | $ | 54,388 |

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