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LEASES (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Assets and Liabilities, Lessee

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

						Classification						September 30, 2022						December 31, 2021
Right-of-Use Assets
Operating						Other assets						$	24,429					$	11,379
Finance						Property, plant and equipment, net of depreciation						—						2,658
Total leased ROU assets												$	24,429					$	14,037
Liabilities
Current
Operating						Other accrued liabilities						$	6,229					$	3,507
Finance						Current portion of finance lease obligations						—						59
Noncurrent
Operating						Non-current liabilities						18,200						7,872
Finance						Finance lease obligations						—						—
Total lease liabilities												$	24,429					$	11,438

Lease, Cost

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

						Classification						Three Months Ended September 30, 2022						Three Months Ended September 30, 2021
Operating lease cost						Cost of sales, selling expenses and general and administrative expense						$	1,559					$	1,329
Finance lease cost
Amortization of ROU leased assets						Depreciation and amortization within Cost of sales						—						36
Interest on lease liabilities						Interest expense						—						6
Net lease cost												$	1,559					$	1,371

						Classification						Nine Months Ended September 30, 2022						Nine Months Ended September 30, 2021
Operating lease cost						Cost of sales, selling expenses and general and administrative expense						$	3,877					$	3,813
Finance lease cost
Amortization of ROU leased assets						Depreciation and amortization within Cost of sales						36						108
Interest on lease liabilities						Interest expense						1						21
Net lease cost												$	3,914					$	3,942

Remaining lease term and discount rates are as follows:

						September 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						4.96		%				5.12		%
Finance leases						—		%				6.16		%

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

						Nine Months Ended September 30, 2022						Nine Months Ended September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases						$	3,917					$	3,660
Operating cash flows from finance leases						$	1					$	12
Financing cash flows from finance leases						$	59					$	259

Operating Lease, Liability, Maturity

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

						Operating Leases						Finance Leases						Total
2022 (remainder)						$	1,918					$	—					$	1,918
2023						7,046						—						7,046
2024						5,934						—						5,934
2025						4,872						—						4,872
2026						4,338						—						4,338
Thereafter						3,104						—						3,104
Total lease payments						$	27,212					$	—					$	27,212
Less: interest						2,783						—
Present value of lease payments						$	24,429					$	—

Finance Lease, Liability, Maturity

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

						Operating Leases						Finance Leases						Total
2022 (remainder)						$	1,918					$	—					$	1,918
2023						7,046						—						7,046
2024						5,934						—						5,934
2025						4,872						—						4,872
2026						4,338						—						4,338
Thereafter						3,104						—						3,104
Total lease payments						$	27,212					$	—					$	27,212
Less: interest						2,783						—
Present value of lease payments						$	24,429					$	—

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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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Assets and Liabilities, Lessee [Table Text Block]

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