Leases (Tables)

12 Months Ended

Dec. 31, 2020

At December 31, 2020 and 2019, the operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheet are as follows:


	Balance Sheet Location	December 31,
		2020		2019
Right-of-use assets
Operating	Operating right-of-use assets	$	32,099	$	28,178
Financing	Property, plant and equipment, net	373		505
Total right-of use assets		$	32,472	$	28,683

Lease liabilities
Operating	Operating lease liabilities, current and long-term portions	$	34,097	$	28,577
Financing	Long-term debt, current and long-term portions	474		590
Total lease liabilities		$	34,571	$	29,167

Lease, Cost

Lease cost recognized in the consolidated income statement for the years ended December 31, 2020 and 2019 is as follows:


	Year ended December 31,
	2020		2019
Finance lease cost
Amortization of right-of-use assets	$	139	$	134
Interest on lease liabilities	36		43
Operating lease cost	12,087		16,640
Short-term lease cost	238		470


Total lease cost	$	12,500	$	17,287

Other information related to the Company’s leasing activity for year ended December 31, 2020 and 2019 is as follows:


	Year ended December 31,
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	36		$	43
Operating cash flows used for operating leases	$	10,523		$	16,714
Financing cash flows used for finance leases	$	115		$	104

Right-of-use assets obtained in exchange for new finance lease liabilities	$	—		$	55
Right of use assets upon adoption				$	35,939
Right-of-use assets obtained in exchange for new operating lease liabilities	$	15,510		$	7,251


Weighted average remaining lease term - finance leases	2.6 years			3.6 years
Weighted average discount rate - finance leases	6.60		%	6.55		%
Weighted average remaining lease term - operating leases	3.9 years			2.6 years
Weighted average discount rate - operating leases	5.78		%	5.50		%

Finance Lease, Liability, Maturity

Maturities of the Company’s lease liabilities as of December 31, 2020 are as follows:


Year	Operating Leases		Finance Leases		Total
2021	$	8,835	$	151	$	8,986
2022	8,753		136		8,889
2023	7,858		245		8,103
2024	6,499		—		6,499
2025 and thereafter	3,173		—		3,173

Total cash lease payments	39,118		532		39,650
Less: amounts representing interest	(5,021)		(58)		(5,079)
Total lease liabilities	$	34,097	$	474	$	34,571

Lessee, Operating Lease, Liability, Maturity

Maturities of the Company’s lease liabilities as of December 31, 2020 are as follows:


Year	Operating Leases		Finance Leases		Total
2021	$	8,835	$	151	$	8,986
2022	8,753		136		8,889
2023	7,858		245		8,103
2024	6,499		—		6,499
2025 and thereafter	3,173		—		3,173

Total cash lease payments	39,118		532		39,650
Less: amounts representing interest	(5,021)		(58)		(5,079)
Total lease liabilities	$	34,097	$	474	$	34,571