XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2022
Leases |
Leases | Note 10. Leases We have operating leases for manufacturing and production facilities, warehouse facilities, vehicles and machinery and equipment. The remaining non-cancelable terms on our leases range from 1 year to 22 years, some of which may include options to extend the leases generally between 1 and 10 years, and some of which may include options to terminate the leases within 1 year. We do not have any leases with material residual value guarantees or restrictive covenants. The following table summarizes the amount of right-of-use lease assets and lease liabilities included in each respective line item on the Company’s Condensed Consolidated Balance Sheets:
​ | ​ | ​ | ​ | ​ | ​
(Thousands) |  | Balance Sheet Location |  | September 30, 2022
Right-of-use operating lease assets | ​ | Other long-term assets | ​ | $ | 10,886
Operating lease liabilities – current | ​ | Accrued expenses and other current liabilities | ​ | ​ | 2,488
Operating lease liabilities – noncurrent | ​ | Other long-term liabilities | ​ | ​ | 8,515
​ Depending on the nature of the lease, lease costs are classified within costs of sales or selling, general and administrative expense on the Company’s Condensed Consolidated Statements of Operations. The components of lease costs are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
(Thousands) | ​ | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
Operating lease cost | ​ | $ | 878 | ​ | $ | 1,720
Short-term lease cost | ​ | ​ | 219 | ​ | ​ | 443
Total | ​ | $ | 1,097 | ​ | $ | 2,163
​ The following table presents information about the Company’s weighted average discount rate and remaining lease term:
​ | ​ | ​ | ​ | ​
​ |  | September 30, 2022 |
Weighted-average discount rate | ​ | ​ | 8.5 | %
Weighted-average remaining lease term | ​ | ​ | 5.0 | years
Supplemental cash flow information about the Company’s leases is as follows:
​ | ​ | ​ | ​ | ​
(Thousands) |  | Nine Months Ended September 30, 2022 | ​
Operating cash flows from operating leases | ​ | $ | 844 | ​
Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued expenses and other current liabilities and long-term debt, net on the Condensed Consolidated Balance Sheets. There were no material finance leases as of September 30, 2022. Future minimum lease payments under non-cancellable operating leases as of September 30, 2022 are as follows:
​ | ​ | ​ | ​
(Thousands) |  | ​ | ​
Remainder of 2022 | ​ | $ | 842
2023 | ​ | ​ | 3,283
2024 | ​ | ​ | 2,828
2025 | ​ | ​ | 2,048
2026 | ​ | ​ | 1,435
Thereafter | ​ | ​ | 3,125
Total future minimum lease payments | ​ | ​ | 13,561
Less: imputed interest | ​ | ​ | (2,558)
Present value of minimum lease payments | ​ | $ | 11,003
​ Disclosures related to periods prior to adoption of ASC 842 Rent expense for operating lease agreements under the previous lease guidance was $1.0 million and $3.2 million for the three and nine months ended September 30, 2021, respectively. As previously reported in our audited Consolidated Financial Statements for year ended December 31, 2021, the minimum future lease payments under the previous lease guidance as of December 31, 2021 were as follows:
​ | ​ | ​ | ​
(Thousands) |  | ​ | ​
2022 | ​ | $ | 4,334
2023 | ​ | ​ | 4,332
2024 | ​ | ​ | 4,174
2025 | ​ | ​ | 3,286
2026 | ​ | ​ | 2,377
Thereafter | ​ | ​ | 4,373
Total | ​ | $ | 22,876
​

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration