Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2021
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 March 31, 2021 December 31, 2020
Assets Right-of-use assets, operating leases $ 31,429  $ 31,769 
Assets Property, plant and equipment 47  56 
Current liabilities Current portion of lease liabilities, operating leases 897  867 
Current liabilities Current portion of lease liabilities, finance leases 14  19 
Non-current liabilities Non-current portion of lease liabilities, operating leases 32,524  32,771 
Non-current liabilities Non-current portion of lease liabilities, finance leases 34  37 
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 March 31, 2021 Three Months Ended March 31, 2020
Operating lease cost $ 1,023  $ 1,035 
Finance lease cost:
Amortization of right-of-use assets 9  59 
Interest on finance lease liabilities —  17 
Total lease cost $ 1,032  $ 1,111 
Weighted-average remaining lease term March 31, 2021 December 31, 2021
Operating leases 15.24 years 15.47 years
Finance leases 2.92 years 2.91 years
Weighted-average discount rate
Operating leases 8.33  % 8.33  %
Finance leases 2.31  % 2.44  %
Schedule of Maturities For Operating Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of March 31, 2021 are as follows:
(in thousands) Operating Finance
Remainder of 2021 $ 2,711  $ 13 
2022 3,665  15 
2023 3,699  15 
2024 3,549  8 
2025 3,619  — 
Thereafter 43,540  — 
Total undiscounted minimum future lease payments 60,783  51 
Imputed interest 27,362  3 
Present value of lease liabilities $ 33,421  $ 48 
Schedule of Maturities For Finance Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of March 31, 2021 are as follows:
(in thousands) Operating Finance
Remainder of 2021 $ 2,711  $ 13 
2022 3,665  15 
2023 3,699  15 
2024 3,549  8 
2025 3,619  — 
Thereafter 43,540  — 
Total undiscounted minimum future lease payments 60,783  51 
Imputed interest 27,362  3 
Present value of lease liabilities $ 33,421  $ 48