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