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Financing and Operating Leases | 12 Months Ended
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Dec. 31, 2020
Financing and Operating Leases |
Financing and Operating Leases | 10. Financing and Operating Leases CPI adopted ASC 842 effective January 1, 2019. As a result of the adoption of ASC 842, the Company recorded $8,025 of operating ROU assets, and corresponding operating lease liabilities of $8,813 on January 1, 2019, relating to existing real estate operating leases. The components of operating and finance lease costs were as follows:
|  |  | Year Ended |  | Year Ended
|  |  | December 31, 2020 |  | December 31, 2019
Operating lease costs |  | $ | 2,649 |  | 2,625
Variable lease costs |  |  | 667 |  | 719
Short-term operating lease costs |  |  | 75 |  | -
Total expense from operating leases |  | $ | 3,391 |  | 3,344
Finance lease cost: |  |  |  |  |
Right-of-use amortization expense |  | $ | 1,342 |  | 886
Interest on lease liabilities |  |  | 540 |  | 290
Total financing lease costs |  | $ | 1,882 |  | 1,176
The following table reflects balances for operating and financing leases:
|  | December 31, 2020 |  | December 31, 2019
Operating leases |  |  |  |  |  |
Operating lease right-of-use assets, net of amortization |  | $ | 7,183 |  | $ | 6,312
Operating lease liability (current) |  | $ | 2,267 |  | $ | 2,283
Long-term operating liability |  |  | 5,491 |  |  | 5,067
Total operating lease liabilities |  | $ | 7,758 |  | $ | 7,350
Financing leases |  |  |  |  |  |
Property, equipment and leasehold improvements |  | $ | 9,974 |  | $ | 8,256
Accumulated depreciation |  |  | (2,422) |  |  | (1,094)
Total financing leases in property, equipment and leasehold improvements, net |  | $ | 7,552 |  | $ | 7,162
Financing lease liability (current) |  | $ | 2,140 |  | $ | 2,211
Long-term financing liability |  |  | 3,052 |  |  | 3,886
Total financing lease liabilities |  | $ | 5,192 |  | $ | 6,097
Finance and operating lease ROU assets are recorded in “Plant, equipment, leasehold improvements, and operating lease right-of-use assets, net”. Financing and operating lease liabilities are recorded in “Accrued expenses” and “Other long-term liabilities.” Components of lease expense were as follows:
|  |  | December 31, 2020
Weighted Average Remaining Lease Term |  |  |
Operating Leases |  |  | 4.93
Financing Leases |  |  | 2.52
Weighted Average Discount Rate |  |  |
Operating Leases |  |  | 9.29%
Financing Leases |  |  | 8.71%
Future cash payment with respect to lease obligations as of December 31, 2020 were as follows:
|  |  | Operating |  |  | Financing
|  |  | Lease |  |  | Leases
Year Ending |  |  |  |  |  |
2021 |  | $ | 2,894 |  | $ | 2,494
2022 |  |  | 1,782 |  |  | 2,007
2023 |  |  | 1,467 |  |  | 1,069
2024 |  |  | 1,250 |  |  | 261
2025 |  |  | 670 |  |  | 2
2026 |  |  | 1,792 |  |  | —
Total lease payments |  |  | 9,855 |  |  | 5,833
Less imputed interest |  |  | (2,097) |  |  | (641)
Total |  | $ | 7,758 |  | $ | 5,192
Cash paid on operating lease liabilities was $2,347 and $1,973 during the years ended December 31, 2020 and December 31, 2019, respectively.

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- Definition The entire disclosure for operating and finance leases of lessee. Includes, but is not limited to, description of operating and finance lease and maturity analysis of operating and finance lease liability. + References No definition available. + Details
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Namespace Prefix: | pmts_
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Balance Type: | na
Period Type: | duration

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- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration