Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
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:
Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2021 2020 2021 2020
Operating lease cost $ 1,026  $ 1,032  $ 3,072  $ 3,101 
Finance lease cost:
Amortization of right-of-use assets 13  9  33  84 
Interest on finance lease liabilities 1  —  2  24 
Total lease cost $ 1,040  $ 1,041  $ 3,107  $ 3,209 
Weighted-average remaining lease term September 30, 2021 December 31, 2020
Operating leases 14.71 years 15.47 years
Finance leases 2.26 years 2.91 years
Weighted-average discount rate
Operating leases 8.32  % 8.33  %
Finance leases 2.60  % 2.44  %
Schedule of Maturities For Operating Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of September 30, 2021 are as follows:
(in thousands) Operating Finance
Remainder of 2021 $ 930  $ 13 
2022 3,731  37 
2023 3,766  28 
2024 3,607  14 
2025 3,626  — 
Thereafter 43,548  — 
Total undiscounted minimum future lease payments 59,208  92 
Imputed interest 25,998  6 
Present value of lease liabilities $ 33,210  $ 86 
Schedule of Maturities For Finance Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of September 30, 2021 are as follows:
(in thousands) Operating Finance
Remainder of 2021 $ 930  $ 13 
2022 3,731  37 
2023 3,766  28 
2024 3,607  14 
2025 3,626  — 
Thereafter 43,548  — 
Total undiscounted minimum future lease payments 59,208  92 
Imputed interest 25,998  6 
Present value of lease liabilities $ 33,210  $ 86