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LEASES (Tables)

6 Months Ended

Jun. 30, 2022

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


	Classification	June 30, 2022		December 31, 2021
Right-of-Use Assets
Operating	Other assets	$	19,139	$	11,379
Finance	Property, plant and equipment, net of depreciation	—		2,658
Total leased ROU assets		$	19,139	$	14,037
Liabilities
Current
Operating	Other accrued liabilities	$	5,160	$	3,507
Finance	Current portion of finance lease obligations	—		59
Noncurrent
Operating	Non-current liabilities	13,980		7,872
Finance	Finance lease obligations	—		—
Total lease liabilities		$	19,140	$	11,438

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


	Classification	Three Months Ended June 30, 2022		Three Months Ended June 30, 2021
Operating lease cost	Cost of sales, selling expenses and general and administrative expense	$	1,209	$	1,229
Finance lease cost
Amortization of ROU leased assets	Depreciation and amortization within Cost of sales	—		36
Interest on lease liabilities	Interest expense	—		7
Net lease cost		$	1,209	$	1,272


	Classification	Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Operating lease cost	Cost of sales, selling expenses and general and administrative expense	$	2,318	$	2,484
Finance lease cost
Amortization of ROU leased assets	Depreciation and amortization within Cost of sales	36		72
Interest on lease liabilities	Interest expense	1		15
Net lease cost		$	2,355	$	2,571

Remaining lease term and discount rates are as follows:


	June 30, 2022		December 31, 2021
Weighted average remaining lease term (years)
Operating leases	4.2		4.3
Finance leases	0.0		0.1
Weighted average discount rate
Operating leases	5.02	%	5.12	%
Finance leases	—	%	6.16	%

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


	Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	2,342	$	2,450
Operating cash flows from finance leases	$	1	$	9
Financing cash flows from finance leases	$	59	$	172

Maturity of the Company’s lease liabilities as of June 30, 2022 is as follows (in thousands):


	Operating Leases		Finance Leases		Total
2022 (remainder)	$	3,089	$	—	$	3,089
2023	5,523		—		5,523
2024	4,408		—		4,408
2025	3,386		—		3,386
2026	2,894		—		2,894
Thereafter	2,025		—		2,025
Total lease payments	$	21,325	$	—	$	21,325
Less: interest	2,185		—
Present value of lease payments	$	19,140	$	—

Maturity of the Company’s lease liabilities as of June 30, 2022 is as follows (in thousands):


	Operating Leases		Finance Leases		Total
2022 (remainder)	$	3,089	$	—	$	3,089
2023	5,523		—		5,523
2024	4,408		—		4,408
2025	3,386		—		3,386
2026	2,894		—		2,894
Thereafter	2,025		—		2,025
Total lease payments	$	21,325	$	—	$	21,325
Less: interest	2,185		—
Present value of lease payments	$	19,140	$	—