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Leases
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Leases

6. LEASES

We have operating leases primarily consisting of offices and lab space, machinery and equipment and vehicles. The components of lease expense are as follows (in thousands):

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2021

 

 

2020

 

2021

 

 

2020

 

Operating lease expense

 

$

4,283

 

 

$

4,286

 

$

8,632

 

 

$

8,629

 

Short-term lease expense

 

 

460

 

 

 

402

 

 

831

 

 

 

864

 

Variable lease expense

 

 

339

 

 

 

351

 

 

771

 

 

 

771

 

Total lease expense

 

$

5,082

 

 

$

5,039

 

$

10,234

 

 

$

10,264

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

4,329

 

 

$

4,431

 

$

8,198

 

 

$

8,942

 

Right of use assets obtained in exchange for new operating lease obligations

 

$

1,237

 

 

$

(728

)

$

3,649

 

 

$

3,008

 

Weighted-average remaining lease term - operating leases

 

8.14 years

 

 

8.71 years

 

8.14 years

 

 

8.71 years

 

Weighted-average discount rate - operating leases

 

 

4.66

%

 

 

4.90

%

 

4.66

%

 

 

4.90

%

 

Scheduled undiscounted lease payments for non-cancellable leases consist of the following (in thousands):

 

 

 

June 30,
2021

 

Remainder of 2021

 

$

7,205

 

2022

 

 

13,613

 

2023

 

 

11,392

 

2024

 

 

9,035

 

2025

 

 

7,903

 

Thereafter

 

 

31,635

 

Total undiscounted lease payments

 

 

80,783

 

Less: Imputed interest

 

 

(13,512

)

Total operating lease liabilities

 

$

67,271