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Leases | 9 Months Ended
--- | ---
Sep. 30, 2021
Leases [Abstract] |
Leases | Leases The Company’s Condensed Consolidated Balance Sheets include the following related to operating leases:
Leases |  | Classification |  | September 30, 2021 |  | December 31, 2020
Assets |  |  |  |  |  |
ROU assets |  | Other Assets |  | $ | 42,043 |  |  | $ | 46,728 |
Liabilities |  |  |  |  |  |
ROU - current |  | Accrued expenses and other current liabilities |  | $ | 9,871 |  |  | $ | 10,348 |
ROU liability - long-term |  | Other long-term liabilities |  | 33,691 |  |  | 37,689 |
Total ROU liabilities |  |  |  | $ | 43,562 |  |  | $ | 48,037 |
Included within the balance of operating leases is a lease for the Company’s headquarters which is with a related party. The ROU liability for this facility was approximately $3.1 million and $3.8 million as of September 30, 2021 and December 31, 2020, respectively. Total rent payments for this facility were approximately $0.3 million and $0.1 million for the three months ended September 30, 2021 and September 30, 2020, respectively. Total rent payments for this facility were approximately $1.0 million and $0.5 million for the nine months ended September 30, 2021 and September 30, 2020, respectively. An agreement was reached with the related party to reduce rental payments by 20% and defer payments for 90 days for the lease of the Company’s headquarters, starting in June 2020 through December 2020 as part of COVID-19 related vendor concessions. The total ROU assets attributable to finance leases were approximately $14.6 million and $15.8 million as of September 30, 2021 and December 31, 2020, respectively, which is included in Property, plant, and equipment, net on the Condensed Consolidated Balance Sheets. As described in Note 9-Intangible Assets, the Company performed an analysis to determine whether there was any impairment of long-lived assets, which included the ROU assets, within the Services, International, and Products and Systems operating segments as well as Corporate. The result of the analysis was a $0.2 million impairment of a ROU asset in an asset group within the Services segment which is included in Impairment charges on the Unaudited Condensed Consolidated Statements of Loss for the nine months ended September 30, 2020. The components of lease costs were as follows:
|  |  |  | Three months ended September 30, | Nine months ended September 30,
|  | Classification |  | 2021 |  | 2020 | 2021 |  | 2020
Finance lease expense |  |  |  |  |  |  |  |  |
Amortization of ROU assets |  | Depreciation and amortization |  | $ | 1,002 |  |  | $ | 1,081 |  | $ | 3,094 |  |  | $ | 3,495 |
Interest on lease liabilities |  | Interest expense |  | 177 |  |  | 207 |  | 550 |  |  | 650 |
Operating lease expense |  | Cost of revenue; Selling, general & administrative expenses |  | 3,239 |  |  | 3,341 |  | 9,808 |  |  | 9,970 |
Short-term lease expense |  | Cost of revenue; Selling, general & administrative expenses |  | 7 |  |  | 11 |  | 22 |  |  | 60 |
Variable lease expense |  | Cost of revenue; Selling, general & administrative expenses |  | 532 |  |  | (4) |  | 1,956 |  |  | 441 |
Total |  |  |  | $ | 4,957 |  |  | $ | 4,636 |  | $ | 15,430 |  |  | $ | 14,616 |
Additional information related to leases was as follows:
|  |  | Nine months ended September 30,
|  |  |  |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities for finance and operating leases |  |  |  |  |  |  |
Finance - financing cash flows |  |  |  |  | $ | 3,032 |  |  | $ | 3,078 |
Finance - operating cash flows |  |  |  |  | $ | 550 |  |  | $ | 650 |
Operating - operating cash flows |  |  |  |  | $ | 9,870 |  |  | $ | 9,819 |
ROU assets obtained in the exchange for lease liabilities |  |  |  |  |  |  |
Finance leases |  |  |  |  | $ | 2,445 |  |  | $ | 1,607 |
Operating leases |  |  |  |  | $ | 4,212 |  |  | $ | 6,919 |
Weighted-average remaining lease term (in years) |  |  |  |  |  |  |
Finance leases |  |  |  |  | 5.5 |  | 5.9
Operating leases |  |  |  |  | 5.3 |  | 5.9
Weighted-average discount rate |  |  |  |  |  |  |
Finance leases |  |  |  |  | 5.4 | % |  | 5.8 | %
Operating leases |  |  |  |  | 5.8 | % |  | 5.8 | %
Maturities of lease liabilities as of September 30, 2021 were as follows:
| Finance |  | Operating
Remainder of 2021 | $ | 2,023 |  |  | $ | 3,165 |
2022 | 4,602 |  |  | 11,595 |
2023 | 3,711 |  |  | 10,111 |
2024 | 2,778 |  |  | 7,843 |
2025 | 1,185 |  |  | 5,554 |
Thereafter | 991 |  |  | 12,484 |
Total | 15,290 |  |  | 50,752 |
Less: Present value discount | 1,179 |  |  | 7,190 |
Lease liability | $ | 14,111 |  |  | $ | 43,562 |
Leases | Leases The Company’s Condensed Consolidated Balance Sheets include the following related to operating leases:
Leases |  | Classification |  | September 30, 2021 |  | December 31, 2020
Assets |  |  |  |  |  |
ROU assets |  | Other Assets |  | $ | 42,043 |  |  | $ | 46,728 |
Liabilities |  |  |  |  |  |
ROU - current |  | Accrued expenses and other current liabilities |  | $ | 9,871 |  |  | $ | 10,348 |
ROU liability - long-term |  | Other long-term liabilities |  | 33,691 |  |  | 37,689 |
Total ROU liabilities |  |  |  | $ | 43,562 |  |  | $ | 48,037 |
Included within the balance of operating leases is a lease for the Company’s headquarters which is with a related party. The ROU liability for this facility was approximately $3.1 million and $3.8 million as of September 30, 2021 and December 31, 2020, respectively. Total rent payments for this facility were approximately $0.3 million and $0.1 million for the three months ended September 30, 2021 and September 30, 2020, respectively. Total rent payments for this facility were approximately $1.0 million and $0.5 million for the nine months ended September 30, 2021 and September 30, 2020, respectively. An agreement was reached with the related party to reduce rental payments by 20% and defer payments for 90 days for the lease of the Company’s headquarters, starting in June 2020 through December 2020 as part of COVID-19 related vendor concessions. The total ROU assets attributable to finance leases were approximately $14.6 million and $15.8 million as of September 30, 2021 and December 31, 2020, respectively, which is included in Property, plant, and equipment, net on the Condensed Consolidated Balance Sheets. As described in Note 9-Intangible Assets, the Company performed an analysis to determine whether there was any impairment of long-lived assets, which included the ROU assets, within the Services, International, and Products and Systems operating segments as well as Corporate. The result of the analysis was a $0.2 million impairment of a ROU asset in an asset group within the Services segment which is included in Impairment charges on the Unaudited Condensed Consolidated Statements of Loss for the nine months ended September 30, 2020. The components of lease costs were as follows:
|  |  |  | Three months ended September 30, | Nine months ended September 30,
|  | Classification |  | 2021 |  | 2020 | 2021 |  | 2020
Finance lease expense |  |  |  |  |  |  |  |  |
Amortization of ROU assets |  | Depreciation and amortization |  | $ | 1,002 |  |  | $ | 1,081 |  | $ | 3,094 |  |  | $ | 3,495 |
Interest on lease liabilities |  | Interest expense |  | 177 |  |  | 207 |  | 550 |  |  | 650 |
Operating lease expense |  | Cost of revenue; Selling, general & administrative expenses |  | 3,239 |  |  | 3,341 |  | 9,808 |  |  | 9,970 |
Short-term lease expense |  | Cost of revenue; Selling, general & administrative expenses |  | 7 |  |  | 11 |  | 22 |  |  | 60 |
Variable lease expense |  | Cost of revenue; Selling, general & administrative expenses |  | 532 |  |  | (4) |  | 1,956 |  |  | 441 |
Total |  |  |  | $ | 4,957 |  |  | $ | 4,636 |  | $ | 15,430 |  |  | $ | 14,616 |
Additional information related to leases was as follows:
|  |  | Nine months ended September 30,
|  |  |  |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities for finance and operating leases |  |  |  |  |  |  |
Finance - financing cash flows |  |  |  |  | $ | 3,032 |  |  | $ | 3,078 |
Finance - operating cash flows |  |  |  |  | $ | 550 |  |  | $ | 650 |
Operating - operating cash flows |  |  |  |  | $ | 9,870 |  |  | $ | 9,819 |
ROU assets obtained in the exchange for lease liabilities |  |  |  |  |  |  |
Finance leases |  |  |  |  | $ | 2,445 |  |  | $ | 1,607 |
Operating leases |  |  |  |  | $ | 4,212 |  |  | $ | 6,919 |
Weighted-average remaining lease term (in years) |  |  |  |  |  |  |
Finance leases |  |  |  |  | 5.5 |  | 5.9
Operating leases |  |  |  |  | 5.3 |  | 5.9
Weighted-average discount rate |  |  |  |  |  |  |
Finance leases |  |  |  |  | 5.4 | % |  | 5.8 | %
Operating leases |  |  |  |  | 5.8 | % |  | 5.8 | %
Maturities of lease liabilities as of September 30, 2021 were as follows:
| Finance |  | Operating
Remainder of 2021 | $ | 2,023 |  |  | $ | 3,165 |
2022 | 4,602 |  |  | 11,595 |
2023 | 3,711 |  |  | 10,111 |
2024 | 2,778 |  |  | 7,843 |
2025 | 1,185 |  |  | 5,554 |
Thereafter | 991 |  |  | 12,484 |
Total | 15,290 |  |  | 50,752 |
Less: Present value discount | 1,179 |  |  | 7,190 |
Lease liability | $ | 14,111 |  |  | $ | 43,562 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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