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Leases | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases | Note 7 – Leases The Company determines if a contract is or contains a lease at inception. The Company has entered into leases for certain facilities, vehicles and other equipment. The Company’s leases consist mainly of operating leases which expire at various dates through 2036. Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain nonlease components, such as maintenance and other services provided by the lessor, and other charges included in the lease. The components of lease expense were as follows:
|  | Year Ended December 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets (included in depreciation expense) |  | $ | 727 |  |  | $ | 711 |
Interest on lease liabilities |  |  | 428 |  |  |  | 548 |
Operating lease cost |  |  | 15,930 |  |  |  | 17,014 |
Short-term lease cost |  |  | 573 |  |  |  | 566 |
Variable lease cost |  |  | 1,748 |  |  |  | 1,899 |
Total lease cost |  | $ | 19,406 |  |  | $ | 20,738 |
Other information: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows used for finance lease |  | $ | 462 |  |  | $ | 578 |
Operating cash flows used for operating leases |  | $ | 15,627 |  |  | $ | 15,169 |
Financing cash flows used for finance lease |  | $ | 1,351 |  |  | $ | 1,168 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 17,607 |  |  | $ | 15,501 |
The lease assets and liabilities as of December 31, 2020 were as follows (in thousands):
|  | December 31, |
|  | 2020 |  |  | 2019 |
Finance lease right-of-use assets (included in other assets) |  | $ | 2,448 |  |  | $ | 2,311 |
Operating lease right-of-use assets |  | $ | 79,966 |  |  | $ | 76,859 |
Finance lease liability, current (included in current installments of long-term debt) |  | $ | 1,661 |  |  | $ | 1,325 |
Finance lease liability, noncurrent (included in long-term debt) |  | $ | 2,832 |  |  | $ | 3,654 |
Operating lease liabilities, current (included in accrued liabilities) |  | $ | 11,516 |  |  | $ | 11,043 |
Operating lease liabilities, noncurrent |  | $ | 72,120 |  |  | $ | 67,898 |
Weighted average remaining lease term – finance leases |  | 3.0 years |  |  | 3.5 years |
Weighted average remaining lease term – operating leases |  | 10.0 years |  |  | 10.2 years |
Weighted average discount rate – finance leases |  |  | 9.0 | % |  |  | 10.1 | %
Weighted average discount rate – operating leases |  |  | 4.4 | % |  |  | 4.7 | %
Future annual minimum lease payments and finance lease commitments as of December 31, 2020 were as follows (in thousands):
Year ending December 31, |  | Operating Leases |  |  | Finance Leases |
2021 |  | $ | 14,284 |  |  | $ | 2,010 |
2022 |  |  | 12,480 |  |  |  | 2,047 |
2023 |  |  | 11,065 |  |  |  | 659 |
2024 |  |  | 10,052 |  |  |  | 194 |
2025 |  |  | 9,116 |  |  |  | 161 |
2026 and thereafter |  |  | 48,224 |  |  |  | — |
Total minimum lease payments |  | $ | 105,221 |  |  | $ | 5,071 |
Less: imputed interest |  |  | (21,585 | ) |  |  | (578 | )
Present value of lease liabilities |  | $ | 83,636 |  |  | $ | 4,493 |
As of December 31, 2020, the Company’s future operating leases that have not yet commenced are immaterial.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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