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LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Assets and Liabilities, Lessee

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

						Classification						December 31, 2020						December 31, 2019
Right-of-Use Assets
Operating						Other assets						$	10,842					$	14,246
Finance						Property, plant and equipment, net						2,802						2,945
Total leased ROU assets												$	13,644					$	17,191
Liabilities
Current
Operating						Other accrued liabilities						$	4,117					$	4,369
Finance						Current portion of finance lease obligations						348						327
Noncurrent
Operating						Non-current liabilities						6,967						10,041
Finance						Finance lease obligations						30						378
Total lease liabilities												$	11,462					$	15,115

Lease, Cost

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

						Classification						Twelve Months Ended December 31, 2020						Twelve Months Ended December 31, 2019
Operating lease cost						Cost of sales, selling expenses and general and administrative expense						$	5,116					$	5,172
Finance lease cost
Amortization of ROU leased assets						Depreciation and amortization within Cost of sales						144						144
Interest on lease liabilities						Interest expense						53						65
Net lease cost												$	5,313					$	5,381

Remaining lease term and discount rates are as follows:

						December 31, 2020						December 31, 2019
Weighted average remaining lease term (years)
Operating leases						3.6						4.0
Finance leases						1.1						2.1
Weighted average discount rate
Operating leases						5.07		%				5.17		%
Finance leases						6.16		%				6.16		%

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

						Twelve Months Ended December 31, 2020						Twelve Months Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases						$	5,091					$	5,016
Operating cash flows from finance leases						$	34					$	53
Financing cash flows from finance leases						$	327					$	308

Operating Lease, Liability, Maturity

Maturity of the Company’s lease liabilities for leases that have commenced is as follows (in thousands):

						Operating Leases						Finance Leases						Total
2021						$	4,569					$	361					$	4,930
2022						3,040						30						3,070
2023						2,185						—						2,185
2024						1,085						—						1,085
2025						537						—						537
Thereafter						721						—						721
Total lease payments						$	12,137					$	391					$	12,528
Less: interest						1,053						13
Present value of lease payments						$	11,084					$	378

Finance Lease, Liability, Maturity

Maturity of the Company’s lease liabilities for leases that have commenced is as follows (in thousands):

						Operating Leases						Finance Leases						Total
2021						$	4,569					$	361					$	4,930
2022						3,040						30						3,070
2023						2,185						—						2,185
2024						1,085						—						1,085
2025						537						—						537
Thereafter						721						—						721
Total lease payments						$	12,137					$	391					$	12,528
Less: interest						1,053						13
Present value of lease payments						$	11,084					$	378

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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- 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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