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LEASES (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021						December 31, 2020
Right-of-Use Assets
Operating						Other assets						$	10,533					$	10,842
Finance						Property, plant and equipment, net of depreciation						2,730						2,802
Total leased ROU assets												$	13,263					$	13,644
Liabilities
Current
Operating						Other accrued liabilities						$	3,585					$	4,117
Finance						Current portion of finance lease obligations						206						348
Noncurrent
Operating						Non-current liabilities						7,222						6,967
Finance						Finance lease obligations						—						30
Total lease liabilities												$	11,013					$	11,462

Lease, Cost

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

						Classification						Three Months Ended June 30, 2021						Three Months Ended June 30, 2020
Operating lease cost						Cost of sales, selling expenses and general and administrative expense						$	1,229					$	1,229
Finance lease cost
Amortization of ROU leased assets						Depreciation and amortization within Cost of sales						36						36
Interest on lease liabilities						Interest expense						7						12
Net lease cost												$	1,272					$	1,277

						Classification						Six Months Ended June 30, 2021						Six Months Ended June 30, 2020
Operating lease cost						Cost of sales, selling expenses and general and administrative expense						$	2,484					$	2,627
Finance lease cost
Amortization of ROU leased assets						Depreciation and amortization within Cost of sales						72						72
Interest on lease liabilities						Interest expense						15						33
Net lease cost												$	2,571					$	2,732

Remaining lease term and discount rates are as follows:

						June 30, 2021						December 31, 2020
Weighted average remaining lease term (years)
Operating leases						4.2						3.6
Finance leases						0.6						1.1
Weighted average discount rate
Operating leases						5.09		%				5.07		%
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, 2021						Six Months Ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases						$	2,450					$	2,604
Operating cash flows from finance leases						$	9					$	19
Financing cash flows from finance leases						$	172					$	162

Operating Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of June 30, 2021 is as follows (in thousands):

						Operating Leases						Finance Leases						Total
2021 (remainder)						$	2,281					$	180					$	2,461
2022						3,342						30						3,372
2023						2,516						—						2,516
2024						1,397						—						1,397
2025						799						—						799
Thereafter						1,719						—						1,719
Total lease payments						$	12,054					$	210					$	12,264
Less: interest						1,247						4
Present value of lease payments						$	10,807					$	206

Finance Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of June 30, 2021 is as follows (in thousands):

						Operating Leases						Finance Leases						Total
2021 (remainder)						$	2,281					$	180					$	2,461
2022						3,342						30						3,372
2023						2,516						—						2,516
2024						1,397						—						1,397
2025						799						—						799
Thereafter						1,719						—						1,719
Total lease payments						$	12,054					$	210					$	12,264
Less: interest						1,247						4
Present value of lease payments						$	10,807					$	206

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=123408670&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=123408670&loc=SL77918686-209980

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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=123408670&loc=SL77918701-209980

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- Definition

Assets and Liabilities, Lessee [Table Text Block]

+ References

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