XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.21.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2021
Leases [Abstract] |
Leases | Leases Lessee 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 |  | September 30, 2021 |  | December 31, 2020
Right-of-use assets |  |  |  |  |  |
Operating |  | Operating right-of-use assets |  | $ | 29,478 |  |  | $ | 32,099 |
Financing |  | Property, plant and equipment, net |  | 262 |  |  | 373 |
Total right-of use assets |  |  |  | $ | 29,740 |  |  | $ | 32,472 |
Lease liabilities |  |  |  |  |  |
Operating |  | Operating lease liabilities, current and long-term portions |  | $ | 32,138 |  |  | $ | 34,097 |
Financing |  | Long-term debt, current and long-term portions |  | 383 |  |  | 474 |
Total lease liabilities |  |  |  | $ | 32,521 |  |  | $ | 34,571 |
Operating lease costs are recorded as a single expense on the income statement and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated income statement for the three and nine months ended September 30, 2021 and 2020 was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 35 |  |  | $ | 35 |  |  | $ | 105 |  |  | $ | 104 |
Interest on lease liabilities | 7 |  |  | 9 |  |  | 22 |  |  | 28 |
Operating lease cost | 2,610 |  |  | 2,729 |  |  | 8,375 |  |  | 9,824 |
Short-term lease cost | 86 |  |  | 4 |  |  | 120 |  |  | 238 |
Total lease cost | $ | 2,738 |  |  | $ | 2,777 |  |  | $ | 8,622 |  |  | $ | 10,194 |
Other information related to the Company’s leasing activity for the three and nine months ended September 30, 2021 and 2020 is as follows:
|  | Nine months ended September 30,
|  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows used for finance leases |  | $ | 22 |  |  | $ | 28 |
Operating cash flows used for operating leases |  | $ | 7,680 |  |  | $ | 9,158 |
Financing cash flows used for finance leases |  | $ | 92 |  |  | $ | 85 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 4,401 |  |  | $ | 13,936 |
Weighted average remaining lease term - finance leases |  | 1.9 years |  | 2.9 years
Weighted average discount rate - finance leases |  | 6.60 | % |  | 6.60 | %
Weighted average remaining lease term - operating leases |  | 3.8 years |  | 3.7 years
Weighted average discount rate - operating leases |  | 5.81 | % |  | 5.71 | %
Maturities of the Company’s lease liabilities as of September 30, 2021 are as follows:
|  | Operating Leases |  | Finance Leases |  | Total
Remainder of 2021 |  | $ | 1,632 |  |  | $ | 38 |  |  | $ | 1,670 |
2022 |  | 9,857 |  |  | 137 |  |  | 9,994 |
2023 |  | 9,098 |  |  | 245 |  |  | 9,343 |
2024 |  | 7,519 |  |  | — |  |  | 7,519 |
2025 |  | 3,773 |  |  | — |  |  | 3,773 |
Thereafter |  | 4,450 |  |  | — |  |  | 4,450 |
Total cash lease payments |  | 36,329 |  |  | 420 |  |  | 36,749 |
Less: amounts representing interest |  | (4,191) |  |  | (37) |  |  | (4,228) |
Total lease liabilities |  | $ | 32,138 |  |  | $ | 383 |  |  | $ | 32,521 |
Leases | Leases Lessee 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 |  | September 30, 2021 |  | December 31, 2020
Right-of-use assets |  |  |  |  |  |
Operating |  | Operating right-of-use assets |  | $ | 29,478 |  |  | $ | 32,099 |
Financing |  | Property, plant and equipment, net |  | 262 |  |  | 373 |
Total right-of use assets |  |  |  | $ | 29,740 |  |  | $ | 32,472 |
Lease liabilities |  |  |  |  |  |
Operating |  | Operating lease liabilities, current and long-term portions |  | $ | 32,138 |  |  | $ | 34,097 |
Financing |  | Long-term debt, current and long-term portions |  | 383 |  |  | 474 |
Total lease liabilities |  |  |  | $ | 32,521 |  |  | $ | 34,571 |
Operating lease costs are recorded as a single expense on the income statement and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated income statement for the three and nine months ended September 30, 2021 and 2020 was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 35 |  |  | $ | 35 |  |  | $ | 105 |  |  | $ | 104 |
Interest on lease liabilities | 7 |  |  | 9 |  |  | 22 |  |  | 28 |
Operating lease cost | 2,610 |  |  | 2,729 |  |  | 8,375 |  |  | 9,824 |
Short-term lease cost | 86 |  |  | 4 |  |  | 120 |  |  | 238 |
Total lease cost | $ | 2,738 |  |  | $ | 2,777 |  |  | $ | 8,622 |  |  | $ | 10,194 |
Other information related to the Company’s leasing activity for the three and nine months ended September 30, 2021 and 2020 is as follows:
|  | Nine months ended September 30,
|  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows used for finance leases |  | $ | 22 |  |  | $ | 28 |
Operating cash flows used for operating leases |  | $ | 7,680 |  |  | $ | 9,158 |
Financing cash flows used for finance leases |  | $ | 92 |  |  | $ | 85 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 4,401 |  |  | $ | 13,936 |
Weighted average remaining lease term - finance leases |  | 1.9 years |  | 2.9 years
Weighted average discount rate - finance leases |  | 6.60 | % |  | 6.60 | %
Weighted average remaining lease term - operating leases |  | 3.8 years |  | 3.7 years
Weighted average discount rate - operating leases |  | 5.81 | % |  | 5.71 | %
Maturities of the Company’s lease liabilities as of September 30, 2021 are as follows:
|  | Operating Leases |  | Finance Leases |  | Total
Remainder of 2021 |  | $ | 1,632 |  |  | $ | 38 |  |  | $ | 1,670 |
2022 |  | 9,857 |  |  | 137 |  |  | 9,994 |
2023 |  | 9,098 |  |  | 245 |  |  | 9,343 |
2024 |  | 7,519 |  |  | — |  |  | 7,519 |
2025 |  | 3,773 |  |  | — |  |  | 3,773 |
Thereafter |  | 4,450 |  |  | — |  |  | 4,450 |
Total cash lease payments |  | 36,329 |  |  | 420 |  |  | 36,749 |
Less: amounts representing interest |  | (4,191) |  |  | (37) |  |  | (4,228) |
Total lease liabilities |  | $ | 32,138 |  |  | $ | 383 |  |  | $ | 32,521 |

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

X
- 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
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration