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LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Assets and Liabilities, Lessee

Leased assets and liabilities included within the Condensed Consolidated Balance Sheets consist of the following (in thousands):

						Classification						June 30, 2020						December 31, 2019
Right-of-Use Assets
Operating						Other assets						$	12,937					$	14,246
Finance						Property, plant and equipment, net of depreciation						2,873						2,945
Total leased ROU assets												$	15,810					$	17,191
Liabilities
Current
Operating						Other accrued liabilities						$	4,343					$	4,369
Finance						Current portion of finance lease obligations						337						327
Noncurrent
Operating						Non-current liabilities						8,839						10,041
Finance						Finance lease obligations						206						378
Total lease liabilities												$	13,725					$	15,115

Lease, Cost

Lease costs included in the Condensed Consolidated Statements of Operations consist of the following (in thousands):

						Classification						Three Months Ended June 30, 2020						Three Months Ended June 30, 2019
Operating lease cost						Cost of sales, selling expenses and general and administrative expense						$	1,229					$	1,126
Finance lease cost
Amortization of ROU leased assets						Depreciation and amortization						36						36
Interest on lease liabilities						Interest expense						12						17
Net lease cost												$	1,277					$	1,179

						Classification						Six Months Ended June 30, 2020						Six Months Ended June 30, 2019
Operating lease cost						Cost of sales, selling expenses and general and administrative expense						$	2,627					$	2,198
Finance lease cost
Amortization of ROU leased assets						Depreciation and amortization						72						72
Interest on lease liabilities						Interest expense						33						35
Net lease cost												$	2,732					$	2,305

Remaining lease term and discount rates are as follows:

						June 30, 2020						December 31, 2019
Weighted average remaining lease term (years)
Operating leases						3.8						4.0
Finance leases						1.6						2.1
Weighted average discount rate
Operating leases						5.06		%				5.17		%
Finance leases						6.16		%				6.16		%

Lease costs included in the Condensed Consolidated Statements of Cash Flows are as follows (in thousands):

						Six Months Ended June 30, 2020						Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases						$	2,604					$	2,124
Operating cash flows from finance leases						$	19					$	35
Financing cash flows from finance leases						$	162					$	152

Operating Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of June 30, 2020 is as follows (in thousands):

						Operating Leases						Finance Leases						Total
2020 (remainder)						$	2,476					$	180					$	2,656
2021						4,661						361						5,022
2022						3,020						30						3,050
2023						2,102						—						2,102
2024						1,007						—						1,007
Thereafter						1,251						—						1,251
Total lease payments						$	14,517					$	571					$	15,088
Less: interest						1,335						28
Present value of lease payments						$	13,182					$	543

Finance Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of June 30, 2020 is as follows (in thousands):

						Operating Leases						Finance Leases						Total
2020 (remainder)						$	2,476					$	180					$	2,656
2021						4,661						361						5,022
2022						3,020						30						3,050
2023						2,102						—						2,102
2024						1,007						—						1,007
Thereafter						1,251						—						1,251
Total lease payments						$	14,517					$	571					$	15,088
Less: interest						1,335						28
Present value of lease payments						$	13,182					$	543

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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X

- 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=121609121&loc=SL77918686-209980

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- References

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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Assets and Liabilities, Lessee [Table Text Block]

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