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Leases

12 Months Ended

Dec. 31, 2020

Note 12. Leases

The Company has operating and finance leases for corporate offices and certain equipment. These leases have remaining lease terms of one year to approximately nine years, some of which include options to extend the leases for multiple renewal periods of five years each. Under the terms of the facilities leases, the Company is required to pay its proportionate share of property taxes, insurance and normal maintenance costs. As of December 31, 2020 and 2019, assets recorded under finance leases were $279,400 and $71,000, respectively, and accumulated depreciation associated with finance leases was $78,700 and $22,800, respectively.

The components of lease cost were as follows (in thousands):


	December 31,
	2020		2019
Operating lease cost	$	1,835	$	758
Finance lease cost:
Amortization of right-of-use assets		56		10
Interest on finance lease liabilities		10		3
		66		13
Total lease cost	$	1,901	$	771

Other information related to leases was as follows (in thousands):


	Year Ended
Supplemental Cash Flows Information	December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,680
Operating cash flows from finance leases	$	77
Financing cash flows from finance leases	$	67

Right-of-use assets obtained in exchange for lease liabilities (in thousands):
Operating leases	$	10,708
Finance leases	$	203

Weighted-Average Remaining Lease Term
Operating leases		6.6 years
Finance leases		2.9 years

Weighted-Average Discount Rate
Operating leases		5.5	%
Finance leases		5.4	%

Future minimum lease payments under non-cancellable leases that have commenced as of December 31, 2020 were as follows (in thousands):


Years Ending December 31	Operating Leases		Finance Leases
2021	$	3,103	$	67
2022		3,261		57
2023		2,498		60
2024		1,985		—
2025		1,696		—
Thereafter		5,402		—
Total future minimum lease payments		17,945		184
Less imputed interest		(3,453)		(13)
Total	$	14,492	$	171


	Operating		Finance
Reported as of December 31, 2020	Leases		Leases
Current lease liabilities	$	2,231	$	59
Noncurrent lease liabilities		12,261		112
Total	$	14,492	$	171