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Operating Leases | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Operating Leases | Operating Leases Operating Lease Assets The following table presents the carry value of operating lease assets in the Company's consolidated balance sheets as of December 31, 2021 and 2020 (in thousands):
| 2021 |  | 2020
Operating lease assets, net | $ | 25,388 |  |  | $ | 33,140 |
Operating lease asset additions are offset by a corresponding increase to operating lease liabilities and do not impact the consolidated statement of cash flows at commencement. The non-cash effect of operating lease additions in 2020 and 2019 totaled $1.9 million and $53.7 million (inclusive of $47.7 million recognized in 2019 upon adoption of the revised lease accounting guidance), respectively. The following table provides details regarding the components of operating lease expense based on the initial term of underlying agreements for the years ended December 31, 2021, 2020 and 2019 (in thousands):
| 2021 |  | 2020 |  | 2019
Operating lease expense components: |  |  |  |  |
Leases with initial term of greater than 12 months | $ | 9,412 |  |  | $ | 12,564 |  |  | $ | 11,972 |
Leases with initial term of 12 months or less | 4,232 |  |  | 4,024 |  |  | 5,906 |
Total operating lease expense | $ | 13,644 |  |  | $ | 16,588 |  |  | $ | 17,878 |
During 2020, the Downhole Technologies segment closed certain lease facilities in connection with restructuring activities and recognized a non-cash impairment charge of $2.0 million to reduce the carrying value of the related operating lease assets to their estimated realizable value. During 2021, the Well Site Services segment recognized non-cash operating lease asset impairment charges of $2.8 million associated with the closure of certain leased facilities. During 2021, the segment also recorded an additional $1.9 million charge for other expenses associated with the exit of a leased facility. Operating Lease Liabilities The following table provides the scheduled maturities of operating lease liabilities as of December 31, 2021 (in thousands):
2022 | $ | 7,942 |
2023 | 6,026 |
2024 | 4,531 |
2025 | 4,164 |
2026 | 3,963 |
Thereafter | 8,167 |
Total lease payments | 34,793 |
Less: Imputed interest | (4,860) |
Present value of operating lease liabilities | 29,933 |
Less: Current portion | (6,481) |
Total long-term operating lease liabilities | $ | 23,452 |
Weighted-average remaining lease term (years) | 6.2
Weighted-average discount rate | 5.0 | %

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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