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Leases (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Lease Cost | The expenses generated by the leasing activity of Lawson as lessee for the years ended December 31, 2021 and December 31, 2020 were as follows:
|  |  |  | (Dollars in Thousands)
|  |  |  | Year Ended December 31,
Lease Type |  | Classification |  | 2021 |  | 2020
Consolidated Operating Lease Expense (1) |  | Operating expenses |  | $ | 5,881 |  |  | $ | 4,999 |
Consolidated Financing Lease Amortization |  | Operating expenses |  | 192 |  |  | 226 |
Consolidated Financing Lease Interest |  | Interest expense |  | 15 |  |  | 28 |
Consolidated Financing Lease Expense |  |  |  | 207 |  |  | 254 |
Net Lease Cost |  |  |  | $ | 6,088 |  |  | $ | 5,253 |
(1) Includes short term lease expense, which is immaterial The weighted average lease terms and interest rates of the leases held by Lawson as of December 31, 2021 are as follows:
Lease Type |  | Weighted Average Term in Years |  | Weighted Average Interest Rate
Operating Leases |  | 4.5 |  | 4.1%
Financing Leases |  | 2.1 |  | 4.8%
The cash outflows of the leasing activity of Lawson as lessee for the year ending December 31, 2021 are as follows (Dollars in thousands):
Cash Flow Source |  | Classification |  | Amount
Operating cash flows from operating leases |  | Operating activities |  | $ | 4,846 |
Operating cash flows from financing leases |  | Operating activities |  | 15 |
Financing cash flows from financing leases |  | Financing activities |  | 222 |
Schedule of Assets and Liabilities | The value of the net assets and liabilities generated by the leasing activity of Lawson as lessee as of December 31, 2021 and December 31, 2020 were as follows:
|  | (Dollars in Thousands)
|  | Year Ended December 31,
Lease Type |  | 2021 |  | 2020
Total ROU operating lease assets (1) |  | $ | 13,662 |  |  | $ | 8,246 |
Total ROU financing lease assets (2) |  | 383 |  |  | 518 |
Total lease assets |  | $ | 14,045 |  |  | $ | 8,764 |
Total current operating lease obligation |  | $ | 4,313 |  |  | $ | 4,360 |
Total current financing lease obligation |  | 154 |  |  | 208 |
Total current lease obligations |  | $ | 4,467 |  |  | $ | 4,568 |
Total long term operating lease obligation |  | $ | 10,713 |  |  | $ | 5,498 |
Total long term financing lease obligation |  | 128 |  |  | 240 |
Total long term lease obligation |  | $ | 10,841 |  |  | $ | 5,738 |
(1) Operating lease assets are recorded net of accumulated amortization of $8.0 million and $5.9 million as of December 31, 2021 and December 31, 2020, respectively (2) Financing lease assets are recorded net of accumulated amortization of $0.6 million and $0.4 million as of December 31, 2021 and December 31, 2020, respectively
Value of Lease Liabilities | The value of the lease liabilities generated by the leasing activities of Lawson as lessee as of December 31, 2021 were as follows (Dollars in thousands):
Year Ended December 31, |  | Operating Leases |  | Financing Leases |  | Total
2022 |  | $ | 4,725 |  |  | $ | 165 |  |  | $ | 4,890 |
2023 |  | 3,944 |  |  | 100 |  |  | 4,044 |
2024 |  | 3,015 |  |  | 30 |  |  | 3,045 |
2025 |  | 1,739 |  |  | — |  |  | 1,739 |
2026 |  | 724 |  |  | — |  |  | 724 |
Thereafter |  | 1,983 |  |  | — |  |  | 1,983 |
Total lease payments |  | 16,130 |  |  | 295 |  |  | 16,425 |
Less: Interest |  | 1,104 |  |  | 13 |  |  | 1,117 |
Present value of lease liabilities |  | $ | 15,026 |  |  | $ | 282 |  |  | $ | 15,308 |
(1) Of the $16.1 million future minimum operating lease commitments outstanding at December 31, 2021, $1.3 million relates to a lease for the Company's headquarters which expires in March 2023 (2) The Company has an operating lease for the McCook Facility which expires in June 2025 and includes future minimum lease payments of $6.5 million
Value of Lease Liabilities | The value of the lease liabilities generated by the leasing activities of Lawson as lessee as of December 31, 2021 were as follows (Dollars in thousands):
Year Ended December 31, |  | Operating Leases |  | Financing Leases |  | Total
2022 |  | $ | 4,725 |  |  | $ | 165 |  |  | $ | 4,890 |
2023 |  | 3,944 |  |  | 100 |  |  | 4,044 |
2024 |  | 3,015 |  |  | 30 |  |  | 3,045 |
2025 |  | 1,739 |  |  | — |  |  | 1,739 |
2026 |  | 724 |  |  | — |  |  | 724 |
Thereafter |  | 1,983 |  |  | — |  |  | 1,983 |
Total lease payments |  | 16,130 |  |  | 295 |  |  | 16,425 |
Less: Interest |  | 1,104 |  |  | 13 |  |  | 1,117 |
Present value of lease liabilities |  | $ | 15,026 |  |  | $ | 282 |  |  | $ | 15,308 |
(1) Of the $16.1 million future minimum operating lease commitments outstanding at December 31, 2021, $1.3 million relates to a lease for the Company's headquarters which expires in March 2023 (2) The Company has an operating lease for the McCook Facility which expires in June 2025 and includes future minimum lease payments of $6.5 million

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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