Leases (Tables)

3 Months Ended

Mar. 31, 2021

The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheet were as follows:


	Balance Sheet Location	March 31, 2021		December 31, 2020
Right-of-use assets
Operating	Operating right-of-use assets	$	29,697	$	32,099
Financing	Property, plant and equipment, net	333		373
Total right-of use assets		$	30,030	$	32,472

Lease liabilities
Operating	Operating lease liabilities, current and long-term portions	$	32,560	$	34,097
Financing	Long-term debt, current and long-term portions	445		474
Total lease liabilities		$	33,005	$	34,571

Lease cost recognized in the consolidated income statement for the three months ended March 31, 2021 and 2020 was as follows:


	Three Months Ended March 31,
		2021		2020
Finance lease cost
Amortization of right-of-use assets		$	35	$	34
Interest on lease liabilities		8		10
Operating lease cost		2,887		3,990
Short-term lease cost		—		170


Total lease cost		$	2,930	$	4,204

Other information related to the Company’s leasing activity for the three months ended March 31, 2021 and 2020 is as follows:


	Three months ended March 31,
	2021			2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	8		$	10
Operating cash flows used for operating leases	$	2,078		$	4,086
Financing cash flows used for finance leases	$	30		$	28

Right-of-use assets obtained in exchange for new finance lease liabilities	$	—		$	—
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—		$	614


Weighted average remaining lease term - finance leases	2.4 years			3.4 years
Weighted average discount rate - finance leases	6.60		%	6.60		%
Weighted average remaining lease term - operating leases	3.7 years			2.4 years
Weighted average discount rate - operating leases	5.78		%	5.51		%

Maturities of the Company’s lease liabilities as of March 31, 2021 are as follows:


	Operating Leases		Finance Leases		Total
Remainder of 2021	$	6,816	$	114	$	6,930
2022	8,753		138		8,891
2023	7,858		245		8,103
2024	6,499		—		6,499
2025	3,173		—		3,173
Thereafter	4,000		—		4,000
Total cash lease payments	37,099		497		37,596
Less: amounts representing interest	(4,539)		(52)		(4,591)
Total lease liabilities	$	32,560	$	445	$	33,005

Maturities of the Company’s lease liabilities as of March 31, 2021 are as follows:


	Operating Leases		Finance Leases		Total
Remainder of 2021	$	6,816	$	114	$	6,930
2022	8,753		138		8,891
2023	7,858		245		8,103
2024	6,499		—		6,499
2025	3,173		—		3,173
Thereafter	4,000		—		4,000
Total cash lease payments	37,099		497		37,596
Less: amounts representing interest	(4,539)		(52)		(4,591)
Total lease liabilities	$	32,560	$	445	$	33,005