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Capital Leases | 3 Months Ended
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Mar. 31, 2021
Capital Leases Of Lessee [Abstract] |
Capital Leases | 17. Capital Leases On September 30, 2020, the Company converted operating leases for equipment and vehicles to capital leases and recorded the associated equipment purchases and capital lease liability, current and non-current. The payment terms on the lease agreements range between 30 and 50 months with payments totaling approximately $0.4 million per month. We use the incremental borrowing rate on our revolving line of credit to calculate the present value on new leases. Future minimum commitments under non-cancelable capital leases for the remainder of 2021 and succeeding years are as follows (in thousands):
2021 |  | $ | 3,218 |
2022 |  |  | 3,965 |
2023 |  |  | 2,723 |
2024 |  |  | 530 |
2025 |  |  | 30 |
Total minimum lease payments |  | $ | 10,466 |
Less: amount representing interest |  |  | (943 | )
Present value of total net minimum lease payments |  | $ | 9,523 |
Less: current portion of net minimum lease payments |  |  | (3,797 | )
Long-term portion of net minimum lease payments |  | $ | 5,726 |
The above table is exclusive of the $1.9 million bargain purchase price associated with the $11.4 million total liability to capital leases as presented on the combined balance sheet.

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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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