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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases is as follows:

		December 31,		December 31,
(In thousands)	Classification	2020		2019
Assets
Operating lease assets	Other non-current assets	$	5,309	$	8,452
Total lease asset		$	5,309	$	8,452

Liabilities
Current operating lease liability	Accrued expenses and other liabilities	$	1,806	$	2,676
Non-current operating lease liability	Other non-current liabilities		3,574		5,818
Total lease liability		$	5,380	$	8,494

Components of Lease Expense included in Consolidated Statement of Income (Loss)

The components of lease expense included in the Consolidated Statements of Income (Loss) were as follows:

	For the year ended December 31,
(In thousands)	2020		2019
Cost of sales	$	113	$	64
Selling, general and administrative expenses		1,311		1,400
Research and development expenses		1,121		2,417
Total operating lease expense	$	2,545	$	3,881

Schedule of Maturity of Operating Lease Liabilities

As of December 31, 2020, operating lease liabilities included on the Consolidated Balance Sheet by future maturity were as follows:

(In thousands)	Amount
2021	$	1,895
2022		1,600
2023		1,251
2024		521
2025		287
Thereafter		—
Total lease payments		5,554
Less: Interest		(174	)
Present value of lease liabilities	$	5,380

Schedule of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates

The following table provides information about our weighted average lease terms and weighted average discount rates:

	As of December 31,
Weighted average remaining lease term (years)	2020			2019
Operating leases with USD functional currency		2.4			2.6
Operating leases with Euro functional currency		3.6			4.4
Weighted average discount rate
Operating leases with USD functional currency		4.47	%		4.02	%
Operating leases with Euro functional currency		1.37	%		1.84	%

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is as follows:

	As of December 31,
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of operating lease assets/liabilities
Cash used in operating activities related to operating leases	$	2,632	$	3,439
Right-of-use assets obtained in exchange for operating lease obligations	$	324	$	11,615

Components of Net Investment in Sales-Type Leases

As of December 31, 2020 and 2019, the components of the net investment in sales-type leases were as follows:

	As of December 31,
(In thousands)	2020		2019
Current minimum lease payments receivable⁽¹⁾	$	702	$	1,201
Non-current minimum lease payments receivable⁽²⁾		347		889
Total minimum lease payments receivable		1,049		2,090
Less: Current unearned revenue⁽¹⁾		218		365
Less: Non-current unearned revenue⁽²⁾		50		163
Net investment in sales-type leases	$	781	$	1,562

(1)

Included in other receivables on the Consolidated Balance Sheets.

(2)

Included in other non-current assets on the Consolidated Balance Sheets.

Schedule of Components of Gross Profit Related to Sales-type Lease and Interest and Dividend Income Included in Consolidated Statements of Income (Loss)

Components of gross profit related to sales-type lease recognized at the lease commencement date and interest and dividend income, included in the Consolidated Statements of Income (Loss) for the year ended December 31, 2020 and 2019 were as follows:

	For the year ended December 31,
(In thousands)	2020		2019
Revenue - Network Solutions	$	78	$	1,723
Cost of sales - Network Solutions		32		675
Gross profit	$	46	$	1,048

Interest and dividend income	$	42	$	357

Schedule of Future Minimum Lease Payments to be Received from Sales-Type Leases

As of December 31, 2020 future minimum lease payments to be received from sales-type leases were as follows:

(In thousands)	Amount
2021	$	703
2022		250
2023		88
2024		7
2025		1
Total	$	1,049