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Leases | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Leases | NOT E 13. LEASES See Note 1: Summary of Significant Accounting Policies for details on our lease accounting policies. Balance Sheet Classification The following tables provide supplemental balance sheet information related to our leases as of December 31:
(in thousands) | Classification |  | 2021 |  |  | 2020 |
Assets |  |  |  |  |  |  |
Operating lease assets | Other long-term assets |  | $ | 8,514 |  |  | $ | 11,081 |
Finance lease assets 1 | Property, plant and equipment, net |  |  | 10,663 |  |  |  | 7,206 |
Total lease assets |  |  | $ | 19,177 |  |  | $ | 18,287 |
Liabilities |  |  |  |  |  |  |
Current |  |  |  |  |  |  |
Operating lease liabilities | Accounts payable and accrued liabilities |  | $ | 3,021 |  |  | $ | 4,304 |
Finance lease liabilities | Accounts payable and accrued liabilities |  |  | 3,577 |  |  |  | 2,202 |
Noncurrent |  |  |  |  |  |  |
Operating lease liabilities | Other long-term obligations |  |  | 5,598 |  |  |  | 6,835 |
Finance lease liabilities | Other long-term obligations |  |  | 6,972 |  |  |  | 4,914 |
Total lease liabilities |  |  | $ | 19,168 |  |  | $ | 18,255 |
1 | Finance lease assets are presented net of accumulated amortization of $4.5 million and $1.7 million as of December 31, 2021 and 2020, respectively.
|  |  | 2021 |  |  | 2020 |
Weighted-average remaining terms (years) |  |  |  |  |  |
Operating leases |  |  |  | 3.88 |  |  |  | 3.80 |
Finance leases |  |  |  | 3.66 |  |  |  | 3.59 |
Weighted-average discount rate |  |  |  |  |  |
Operating leases |  |  |  | 3.84 | % |  |  | 4.13 | %
Finance leases |  |  |  | 2.54 | % |  |  | 2.76 | %
Lease Costs The following table summarizes the components of our lease expense for the years ended December 31:
(in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
Operating lease costs 1 |  | $ | 4,798 |  |  | $ | 5,640 |  |  | $ | 5,938 |
Finance lease costs: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 2,825 |  |  |  | 1,451 |  |  |  | 269 |
Interest on lease assets |  |  | 227 |  |  |  | 153 |  |  |  | 40 |
Net lease costs |  | $ | 7,850 |  |  | $ | 7,244 |  |  | $ | 6,247 |
1 | Excludes short-term leases and variable lease costs, which are immaterial.
Operating lease costs and amortization of finance lease assets are included within costs of goods sold and selling, general and administrative expenses and interest on leased assets is included in interest expense, net on our Consolidated Statements of Operations. Other Lease Information The following table presents supplemental cash flow information related to leases for the years ended December 31:
(in thousands) |  |  | 2021 |  |  | 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 4,745 |  |  | $ | 5,627 |
Operating cash flows for finance leases |  |  | $ | 227 |  |  | $ | 153 |
Financing cash flows for finance leases |  |  | $ | 2,846 |  |  | $ | 1,526 |
Leased assets exchanged for new lease liabilities: |  |  |  |  |  |
Operating leases |  |  | $ | 1,907 |  |  | $ | 447 |
Finance leases |  |  | $ | 6,279 |  |  | $ | 6,295 |
Maturity of Lease Liabilities At December 31, 2021, the future minimum lease payment obligations under noncancelable leases were as follows:
(in thousands) |  | Operating Leases |  |  | Finance Leases |
2022 |  | $ | 3,289 |  |  | $ | 3,800 |
2023 |  |  | 2,289 |  |  |  | 3,076 |
2024 |  |  | 1,349 |  |  |  | 2,213 |
2025 |  |  | 1,052 |  |  |  | 1,156 |
2026 |  |  | 1,008 |  |  |  | 554 |
Thereafter |  |  | 292 |  |  |  | 240 |
Total lease payments |  |  | 9,279 |  |  |  | 11,039 |
Less: interest |  |  | 660 |  |  |  | 490 |
Present value of lease liabilities |  | $ | 8,619 |  |  | $ | 10,549 |

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