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Leases (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Summary of Lease Portfolio | A summary of the Company’s lease portfolio as of December 31, 2021, and 2020, is presented in the table below:
(U.S. Dollars, in thousands, except lease term and discount rate) |  | Classification |  | December 31, 2021 |  |  | December 31, 2020 |
Assets |  |  |  |  |  |  |  |  |  |
Operating leases |  | Other long-term assets |  | $ | 3,155 |  |  | $ | 4,840 |
Finance leases |  | Property, plant and equipment, net |  |  | 18,600 |  |  |  | 20,552 |
Total lease assets |  |  |  | $ | 21,755 |  |  | $ | 25,392 |
Liabilities |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |
Operating leases |  | Other current liabilities |  | $ | 1,834 |  |  | $ | 2,092 |
Finance leases |  | Current portion of finance lease liability |  |  | 2,590 |  |  |  | 510 |
Long-term |  |  |  |  |  |  |  |  |  |
Operating leases |  | Other long-term liabilities |  |  | 1,443 |  |  |  | 2,946 |
Finance leases |  | Long-term portion of finance lease liability |  |  | 19,890 |  |  |  | 22,338 |
Total lease liabilities |  |  |  | $ | 25,757 |  |  | $ | 27,886 |
Weighted Average Remaining Lease Term |  |  |  |  |  |  |  |  |  |
Operating leases |  |  |  | 3.3 years |  |  | 3.6 years |
Finance leases |  |  |  | 17.0 years |  |  | 18.1 years |
Weighted Average Discount Rate |  |  |  |  |  |  |  |  |  |
Operating leases |  |  |  |  | 2.6 | % |  |  | 2.4 | %
Finance leases |  |  |  |  | 4.2 | % |  |  | 4.2 | %
Summary of Components of Lease Costs | The components of lease costs were as follows:
(U.S. Dollars, in thousands) |  | For the Year Ended December 31, 2021 |  |  | For the Year Ended December 31, 2020 |  |  | For the Year Ended December 31, 2019 |
Finance lease costs: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 2,049 |  |  | $ | 1,766 |  |  | $ | 972 |
Interest on finance lease liabilities |  |  | 933 |  |  |  | 940 |  |  |  | 919 |
Operating lease costs |  |  | 2,234 |  |  |  | 2,235 |  |  |  | 2,161 |
Short-term lease costs |  |  | 213 |  |  |  | 230 |  |  |  | 255 |
Variable lease costs |  |  | 815 |  |  |  | 673 |  |  |  | 749 |
Total lease costs |  | $ | 6,244 |  |  | $ | 5,844 |  |  | $ | 5,056 |
Summary of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases was as follows:
(U.S. Dollars, in thousands) |  | For the Year Ended December 31, 2021 |  | For the Year Ended December 31, 2020 |  | For the Year Ended December 31, 2019 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 4,627 |  | $ | 4,299 |  | $ | 4,075 |
Operating cash flows from finance leases |  |  | 907 |  |  | 689 |  |  | 919 |
Financing cash flows from finance leases |  |  | 537 |  |  | 323 |  |  | 365 |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |  |  |  |  |  |
Operating leases |  |  | 589 |  |  | 959 |  |  | 878 |
Finance leases |  |  | 149 |  |  | 1,949 |  |  | 21,179 |
Summary of Remaining Lease Liabilities | A summary of the Company’s remaining lease liabilities as of December 31, 2021, is included below:
(U.S. Dollars, in thousands) |  | Operating Leases |  |  | Finance Leases |
2022 |  | $ | 1,883 |  |  | $ | 3,480 |
2023 |  |  | 614 |  |  |  | 1,508 |
2024 |  |  | 211 |  |  |  | 1,538 |
2025 |  |  | 192 |  |  |  | 1,543 |
2026 |  |  | 189 |  |  |  | 1,562 |
Thereafter |  |  | 330 |  |  |  | 22,613 |
Total undiscounted value of lease liabilities |  |  | 3,419 |  |  |  | 32,244 |
Less: Interest |  |  | (142 | ) |  |  | (9,764 | )
Present value of lease liabilities |  | $ | 3,277 |  |  | $ | 22,480 |
Current portion of lease liabilities |  | $ | 1,834 |  |  | $ | 2,590 |
Long-term portion of lease liabilities |  |  | 1,443 |  |  |  | 19,890 |
Total lease liabilities |  | $ | 3,277 |  |  | $ | 22,480 |

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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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