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Leases | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Leases | 5. Leases A summary of the Company’s lease portfolio as of September 30, 2020 and December 31, 2019 is presented in the table below:
(U.S. Dollars, in thousands) |  | Classification |  | September 30, 2020 |  | December 31, 2019 |
Right-of-use assets ("ROU assets") |  |  |  |  |  |  |  |  |
Operating leases |  | Other long-term assets |  | $ | 4,972 |  | $ | 5,798 |
Finance leases |  | Property, plant and equipment, net |  |  | 21,001 |  |  | 20,207 |
Total ROU assets |  |  |  |  | 25,973 |  |  | 26,005 |
Lease Liabilities |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |
Operating leases |  | Other current liabilities |  |  | 1,999 |  |  | 1,875 |
Finance leases |  | Current portion of finance lease liability |  |  | 498 |  |  | 323 |
Long-term |  |  |  |  |  |  |  |  |
Operating leases |  | Other long-term liabilities |  |  | 3,166 |  |  | 4,084 |
Finance leases |  | Long-term portion of finance lease liability |  |  | 22,463 |  |  | 20,648 |
Total lease liabilities |  |  |  | $ | 28,126 |  | $ | 26,930 |
Supplemental cash flow information related to leases was as follows:
(U.S. Dollars, in thousands) |  | Nine Months Ended September 30, 2020 |  |  | Nine Months Ended September 30, 2019 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 3,170 |  |  | $ | 3,037 |
Operating cash flows from finance leases |  |  | 458 |  |  |  | 687 |
Financing cash flows from finance leases |  |  | 204 |  |  |  | 276 |
ROU assets obtained in exchange for lease obligations |  |  |  |  |  |  |  |
Operating leases |  |  | 619 |  |  |  | 598 |
Finance leases |  |  | 1,949 |  |  |  | 21,179 |
Wittenstein Contract Manufacturing and Supply Agreement In March 2020, the Company entered into a CMSA with Wittenstein for an initial term of two years to manufacture the FITBONE product line. As consideration, the Company will pay $2.0 million to Wittenstein at the conclusion of the CMSA if certain conditions are met in relation to the prompt delivery of manufactured products. The Company is accounting for the CMSA as a finance lease as the Company has the right to direct the use of and to obtain substantially all of the economic benefits of the dedicated equipment used to manufacture the products and has the option to obtain title and possession of the equipment at the conclusion of the CMSA. As a result, the Company recognized both a finance lease liability and a related ROU asset of $1.9 million as of the commencement date of the CMSA.

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- Definition Operating and finance leases. + References No definition available. + Details
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