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Leases
9 Months Ended
Sep. 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

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2021

 

 

2020

 

2021

 

 

2020

 

Operating lease expense

 

$

4,396

 

 

$

4,356

 

$

13,028

 

 

$

12,982

 

Short-term lease expense

 

 

555

 

 

 

359

 

 

1,386

 

 

 

1,223

 

Variable lease expense

 

 

417

 

 

 

312

 

 

1,188

 

 

 

1,086

 

Total lease expense

 

$

5,368

 

 

$

5,027

 

$

15,602

 

 

$

15,291

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

3,914

 

 

$

4,250

 

$

12,362

 

 

$

13,203

 

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

 

$

1,576

 

 

$

2,098

 

$

6,202

 

 

$

4,502

 

Weighted-average remaining lease term - operating leases

 

7.94 years

 

 

8.68 years

 

7.94 years

 

 

8.68 years

 

Weighted-average discount rate - operating leases

 

 

4.62

%

 

 

4.76

%

 

4.62

%

 

 

4.76

%

 

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

 

 

 

September 30,
2021

 

Remainder of 2021

 

$

3,773

 

2022

 

 

14,264

 

2023

 

 

11,734

 

2024

 

 

9,313

 

2025

 

 

8,119

 

Thereafter

 

 

31,960

 

Total undiscounted lease payments

 

 

79,163

 

Less: Imputed interest

 

 

(13,141

)

Total operating lease liabilities

 

$

66,022