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Leases

9 Months Ended

Sep. 30, 2022

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 sheets were as follows:

						Balance Sheet Location						September 30, 2022						December 31, 2021
Right-of-use assets
Operating						Operating right-of-use assets						$	28,418					$	29,828
Financing						Property, plant and equipment, net						161						262
Total right-of use assets												$	28,579					$	30,090
Lease liabilities
Operating						Operating lease liabilities, current and long-term portions						$	30,549					$	32,719
Financing						Long-term debt, current and long-term portions						263						351
Total lease liabilities												$	30,812					$	33,070

Operating lease costs are recorded as a single expense on the statement of operations 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 statement of operations for the three and nine months ended September 30, 2022 and 2021 was as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Finance lease cost
Amortization of right-of-use assets			$	30					$	35					$	96					$	105
Interest on lease liabilities			5						7						16						22
Operating lease cost			3,174						2,610						9,054						8,375
Short-term lease cost			101						86						547						120
Total lease cost			$	3,310					$	2,738					$	9,713					$	8,622

Other information related to the Company’s leasing activity for the nine months ended September 30, 2022 and 2021 is as follows:

						Nine Months Ended September 30,
						2022						2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases						$	16					$	22
Operating cash flows used for operating leases						$	9,810					$	7,680
Financing cash flows used for finance leases						$	88					$	92
Right-of-use assets obtained in exchange for new operating lease liabilities						$	6,301					$	4,401
Weighted average remaining lease term - finance leases						1.1 years						1.9 years
Weighted average discount rate - finance leases						6.87		%				6.60		%
Weighted average remaining lease term - operating leases						3.0 years						3.8 years
Weighted average discount rate - operating leases						5.81		%				5.81		%

Maturities of the Company’s lease liabilities as of September 30, 2022 are as follows:

						Operating Leases						Finance Leases						Total
Remainder of 2022						$	2,540					$	33					$	2,573
2023						12,348						245						12,593
2024						9,299						—						9,299
2025						4,422						—						4,422
2026						3,191						—						3,191
Thereafter						1,806						—						1,806
Total cash lease payments						33,606						278						33,884
Less: amounts representing interest						(3,057)						(15)						(3,072)
Total lease liabilities						$	30,549					$	263					$	30,812

Leases

Leases

Lessee

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

						Balance Sheet Location						September 30, 2022						December 31, 2021
Right-of-use assets
Operating						Operating right-of-use assets						$	28,418					$	29,828
Financing						Property, plant and equipment, net						161						262
Total right-of use assets												$	28,579					$	30,090
Lease liabilities
Operating						Operating lease liabilities, current and long-term portions						$	30,549					$	32,719
Financing						Long-term debt, current and long-term portions						263						351
Total lease liabilities												$	30,812					$	33,070

Operating lease costs are recorded as a single expense on the statement of operations 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 statement of operations for the three and nine months ended September 30, 2022 and 2021 was as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Finance lease cost
Amortization of right-of-use assets			$	30					$	35					$	96					$	105
Interest on lease liabilities			5						7						16						22
Operating lease cost			3,174						2,610						9,054						8,375
Short-term lease cost			101						86						547						120
Total lease cost			$	3,310					$	2,738					$	9,713					$	8,622

Other information related to the Company’s leasing activity for the nine months ended September 30, 2022 and 2021 is as follows:

						Nine Months Ended September 30,
						2022						2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases						$	16					$	22
Operating cash flows used for operating leases						$	9,810					$	7,680
Financing cash flows used for finance leases						$	88					$	92
Right-of-use assets obtained in exchange for new operating lease liabilities						$	6,301					$	4,401
Weighted average remaining lease term - finance leases						1.1 years						1.9 years
Weighted average discount rate - finance leases						6.87		%				6.60		%
Weighted average remaining lease term - operating leases						3.0 years						3.8 years
Weighted average discount rate - operating leases						5.81		%				5.81		%

Maturities of the Company’s lease liabilities as of September 30, 2022 are as follows:

						Operating Leases						Finance Leases						Total
Remainder of 2022						$	2,540					$	33					$	2,573
2023						12,348						245						12,593
2024						9,299						—						9,299
2025						4,422						—						4,422
2026						3,191						—						3,191
Thereafter						1,806						—						1,806
Total cash lease payments						33,606						278						33,884
Less: amounts representing interest						(3,057)						(15)						(3,072)
Total lease liabilities						$	30,549					$	263					$	30,812

X

- References

No definition available.

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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 https://asc.fasb.org/subtopic&trid=77888251

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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 https://asc.fasb.org/subtopic&trid=77888251

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