Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of Operating and Finance Leases Recorded in Consolidated Balance Sheet
Operating and finance lease amounts included in the unaudited condensed consolidated balance sheet are as follows (in thousands):
Classification Financial Statement Line Item September 30, 2020
Assets Right-of-use assets, operating leases $ 32,090 
Assets Property, plant and equipment 65 
Current liabilities Current portion of lease liabilities, operating leases 835 
Current liabilities Current portion of lease liabilities, finance leases 26 
Non-current liabilities Non-current portion of lease liabilities, operating leases 33,000 
Non-current liabilities Non-current portion of lease liabilities, finance leases 41 
Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Lease Terms
Individual components of the total lease cost incurred by the Company are as follows:
(in thousands) Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020
Operating lease cost $ 1,032  $ 3,101 
Finance lease cost:
Amortization of right-of-use assets 9  84 
Interest on finance lease liabilities —  24 
Total lease cost $ 1,041  $ 3,209 
Weighted-average remaining lease term September 30, 2020
Operating Leases 15.70 years
Finance Leases 2.91 years
Weighted-average discount rate
Operating Leases 8.33  %
Finance Leases 2.56  %
Schedule of Maturities For Operating Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of September 30, 2020 are as follows:
(in thousands) Operating Finance
Remainder of 2020 $ 899  $ 9 
2021 3,610  22 
2022 3,665  15 
2023 3,699  15 
2024 3,549  8 
Thereafter 47,159  — 
Total undiscounted minimum future lease payments 62,581  69 
Imputed Interest 28,746  2 
Present value of lease liabilities $ 33,835  $ 67 
Schedule of Maturities For Finance Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of September 30, 2020 are as follows:
(in thousands) Operating Finance
Remainder of 2020 $ 899  $ 9 
2021 3,610  22 
2022 3,665  15 
2023 3,699  15 
2024 3,549  8 
Thereafter 47,159  — 
Total undiscounted minimum future lease payments 62,581  69 
Imputed Interest 28,746  2 
Present value of lease liabilities $ 33,835  $ 67