XML 49 R13.htm IDEA: XBRL DOCUMENT
v3.20.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2020
Leases [Abstract] |
Leases |
5. | Leases
The Company’s lease assets and related lease liabilities were as follows (in thousands):
| Balance Sheet Line Item |  | September 30, 2020 |  |  | December 31, 2019 |
Assets |  |  |  |  |  |  |  |  |
Finance: |  |  |  |  |  |  |  |  |
Right-of-use assets - cost |  |  | $ | 50,220 |  |  | $ | 49,909 |
Accumulated amortization |  |  |  | (18,192 | ) |  |  | (10,307 | )
Finance lease right-of-use assets, net | Finance lease right-of-use assets |  |  | 32,028 |  |  |  | 39,602 |
Operating: |  |  |  |  |  |  |  |  |
Right-of-use assets - cost |  |  |  | 2,796 |  |  |  | 2,736 |
Accumulated amortization |  |  |  | (1,554 | ) |  |  | (805 | )
Operating lease right-of-use assets, net | Other assets |  |  | 1,242 |  |  |  | 1,931 |
Total lease assets |  |  | $ | 33,270 |  |  | $ | 41,533 |
Liabilities |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |
Finance lease liabilities | Finance lease liabilities, current |  | $ | 12,311 |  |  | $ | 12,351 |
Operating lease liabilities | Accrued and other current liabilities |  |  | 770 |  |  |  | 983 |
Non-current: |  |  |  |  |  |  |  |  |
Finance lease liabilities | Finance lease liabilities, non-current |  |  | 28,514 |  |  |  | 37,610 |
Operating lease liabilities | Other long-term liabilities |  |  | 472 |  |  |  | 942 |
Total lease liabilities |  |  | $ | 42,067 |  |  | $ | 51,886 |
The components of lease expense were as follows (in thousands):
|  |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| Statement of Operations Line Item |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets | Cost of goods sold; Research and development; Selling, general and administrative expenses |  | $ | 2,639 |  |  | $ | 2,580 |  |  | $ | 7,886 |  |  | $ | 7,720 |
Interest on lease liabilities | Interest expense |  |  | 462 |  |  |  | 578 |  |  |  | 1,511 |  |  |  | 1,826 |
Operating lease cost | Cost of goods sold; Research and development; Selling, general and administrative expenses |  |  | 304 |  |  |  | 290 |  |  |  | 868 |  |  |  | 579 |
Sublease income | Selling, general and administrative expenses |  |  | (301 | ) |  |  | (310 | ) |  |  | (899 | ) |  |  | (1,135 | )
Total lease cost |  |  | $ | 3,104 |  |  | $ | 3,138 |  |  | $ | 9,366 |  |  | $ | 8,990 |
Supplemental cash flow information related to leases were as follows (in thousands):
|  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 812 |  |  | $ | 540 |
Operating cash flows from finance leases |  |  | 1,468 |  |  |  | 1,640 |
Financing cash flows from finance leases |  |  | 9,254 |  |  |  | 8,810 |
Right-of-use assets obtained in exchange for new lease liabilities: |  |  |  |  |  |  |  |
Finance leases |  |  | 434 |  |  |  | 49,784 |
Operating leases |  | $ | 55 |  |  | $ | 2,723 |
Lease term and discount rate were as follows:
|  | September 30, 2020 |  |  | December 31, 2019 |
Weighted-average remaining lease term (years): |  |  |  |  |  |  |  |
Finance leases |  |  | 3.1 |  |  |  | 3.6 |
Operating leases |  |  | 1.6 |  |  |  | 2.1 |
Weighted-average discount rate: |  |  |  |  |  |  |  |
Finance leases |  |  | 4.39 | % |  |  | 4.42 | %
Operating leases |  |  | 4.73 | % |  |  | 4.75 | %
Maturities of lease liabilities as of September 30, 2020 are as follows (in thousands):
Year Ending |  | Finance Leases |  |  | Operating Leases |
2020 (Remaining three month period) |  | $ | 3,542 |  |  | $ | 245 |
2021 |  |  | 13,683 |  |  |  | 714 |
2022 |  |  | 13,883 |  |  |  | 329 |
2023 |  |  | 12,524 |  |  |  | — |
Total future lease payments |  |  | 43,632 |  |  |  | 1,288 |
Less: Interest |  |  | (2,807 | ) |  |  | (46 | )
Present value of lease liabilities |  | $ | 40,825 |  |  | $ | 1,242 |

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 lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration