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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Balance sheet information related to leases
Leases were reflected on the consolidated balance sheets as follows:
(in thousands)September 30,
2021
December 31,
2020
Operating leases:
Operating lease assets$58,442 $35,906 
Accrued liabilities$12,884 $11,589 
Operating lease liabilities49,827 28,344 
Total operating lease liabilities$62,711 $39,933 
Weighted-average remaining lease term (in years)5.54.7
Weighted-average discount rate4.5 %3.1 %
Finance leases:
Property, plant and equipment, gross$35,575 $6,970 
Accumulated depreciation(7,136)(6,324)
Property, plant and equipment, net$28,439 $646 
Accrued liabilities$347 $459 
Other non-current liabilities27,202 140 
Total finance lease liabilities$27,549 $599 
Weighted-average remaining lease term (in years)15.81.5
Weighted-average discount rate6.0 %2.0 %
Components of lease expense The components of lease expense were as follows:
Quarter Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2021202020212020
Operating lease expense$4,497 $5,006 $12,897 $15,044 
Finance lease expense:
Amortization of right-of-use asset$547 $187 $816 $561 
Interest on lease liabilities432 437 17 
Total finance lease expense$979 $192 $1,253 $578 
Supplemental cash flow information related to leases
Supplemental cash flow information related to leases was as follows:

Quarter Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2021202020212020
Lease assets obtained in exchange for lease obligations:
Operating leases(1)
$— $— $33,948 $10,105 
Finance leases(2)
26,889 — 26,889 — 
Cash paid for amounts included in lease obligations:
Operating cash flows from operating leases$3,653 $5,225 $12,649 $13,993 
Operating cash flows from finance leases17 
Financing cash flows from finance leases104 181 369 575 

(1) Includes operating lease assets and related liabilities of $24,396 recorded in conjunction with the acquisition of First American in June 2021 (Note 6).

(2) Consists of a lease on a facility located in Minnesota that commenced in July 2021.
Maturities of lease liabilities
Maturities of lease liabilities were as follows as of September 30, 2021:
(in thousands)Operating lease obligationsFinance lease obligations
Remainder of 2021$4,032 $79 
202218,545 1,313 
202313,827 2,709 
202412,668 2,743 
202510,691 2,777 
Thereafter23,854 34,691 
Total lease payments83,617 44,312 
Less lease incentives receivable(10,250)— 
Less imputed interest(10,656)(16,763)
Present value of lease payments$62,711 $27,549