Leases

9 Months Ended

Sep. 30, 2021

2. Leases — The Company has operating leases for warehouses, manufacturing facilities, offices, cars, railcars and certain equipment. The lease term includes the non-cancellable period of the lease plus any additional periods covered by either an option to extend (or not terminate) that the Company is reasonably certain to exercise. The Company has leases with a lease term ranging from 1 year to 20 years.

Finance leases are immaterial to the accompanying Condensed Consolidated Financial Statements. There were no lease transactions with related parties as of and for the three- and nine-month periods presented in the table below.

The operating lease expense for the three months ended September 30, 2021 and 2020, was $1,568 and $1,396, respectively, and $4,464 and $4,188 for the nine months ended September 30, 2021 and 2020, respectively. Lease expense related to variable lease payments and short-term leases were immaterial. Additional information related to operating leases are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities	$	1,260	$	1,399	$	4,271	$	4,177
ROU assets obtained in exchange for new liabilities	$	5,805	$	3,393	$	17,872	$	4,895

The weighted-average remaining lease term and discount rate related to the operating leases as of September 30, 2021 were as follows:

Weighted-average remaining lease term (in years)			6.90
Weighted-average discount rate			4.02	%

Future minimum lease payments under non-cancellable operating leases as of September 30, 2021 were as follows:

2021 (excluding nine months ended September 30, 2021)	$	1,465
2022		5,696
2023		4,734
2024		3,973
2025		3,601
Thereafter		11,061
Total lease payments		30,530
Less: imputed interest		4,100
Total	$	26,430
Amounts recognized in the Condensed Consolidated Balance Sheets:
Operating lease liabilities, current	$	5,015
Operating lease liabilities, long-term	$	21,415