Leases |
Leases The components of lease expense are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2021 | | 2020 | | 2021 | | 2020 | Operating lease cost | $ | 2,474 | | | $ | 2,562 | | | $ | 4,974 | | | $ | 5,028 | | Finance lease cost | 93 | | | 112 | | | 193 | | | 213 | | Short-term lease cost | 1,602 | | | 1,037 | | | 2,972 | | | 2,066 | | Total lease expense | $ | 4,169 | | | $ | 3,711 | | | $ | 8,139 | | | $ | 7,307 | |
Supplemental balance sheet information related to leases is as follows: | | | | | | | | | | | | | | | | Balance Sheet Location | June 30, 2021 | | December 31, 2020 | Operating Leases | | | | | Right-of-use assets, net | Other assets, net | $ | 27,339 | | | $ | 30,047 | | | | | | | Current liabilities | Accrued liabilities and other | 8,595 | | | 9,236 | | Non-current liabilities | Other long-term liabilities | 20,478 | | | 23,932 | | Total operating lease liabilities | | $ | 29,073 | | | $ | 33,168 | | | | | | | Finance Leases | | | | | Right-of-use assets, net | Other assets, net | $ | 586 | | | $ | 767 | | | | | | | Current liabilities | Accrued liabilities and other | 254 | | | 293 | | Non-current liabilities | Other long-term liabilities | 313 | | | 434 | | Total finance lease liabilities | | $ | 567 | | | $ | 727 | |
For the six months ended June 30, 2021 and 2020, cash payments on operating leases were $5.8 million and $5.0 million, respectively.
Right-of-use Asset Impairment. The impairment of an operating lease right-of-use asset of $0.4 million was recorded for the first quarter ended March 31, 2020. The impairment charge is presented in Goodwill and other impairment in the Condensed Consolidated Statements of Operations.
Anticipated future lease costs, which are based in part on certain assumptions to approximate minimum annual rental commitments under non-cancelable leases, are as follows: | | | | | | | | | | | | | | | | | | | | | | | Operating | | Financing | | Total | Remainder of 2021 | | $ | 5,220 | | | $ | 145 | | | $ | 5,365 | | 2022 | | 10,126 | | | 199 | | | 10,325 | | 2023 | | 6,033 | | | 130 | | | 6,163 | | 2024 | | 4,642 | | | 80 | | | 4,722 | | 2025 | | 3,996 | | | 42 | | | 4,038 | | Thereafter | | 3,891 | | | — | | | 3,891 | | Total lease payments | | $ | 33,908 | | | $ | 596 | | | $ | 34,504 | | Less: Imputed interest | | (4,835) | | | (29) | | | (4,864) | | Present value of lease liabilities | | $ | 29,073 | | | $ | 567 | | | $ | 29,640 | |
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Leases |
Leases The components of lease expense are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2021 | | 2020 | | 2021 | | 2020 | Operating lease cost | $ | 2,474 | | | $ | 2,562 | | | $ | 4,974 | | | $ | 5,028 | | Finance lease cost | 93 | | | 112 | | | 193 | | | 213 | | Short-term lease cost | 1,602 | | | 1,037 | | | 2,972 | | | 2,066 | | Total lease expense | $ | 4,169 | | | $ | 3,711 | | | $ | 8,139 | | | $ | 7,307 | |
Supplemental balance sheet information related to leases is as follows: | | | | | | | | | | | | | | | | Balance Sheet Location | June 30, 2021 | | December 31, 2020 | Operating Leases | | | | | Right-of-use assets, net | Other assets, net | $ | 27,339 | | | $ | 30,047 | | | | | | | Current liabilities | Accrued liabilities and other | 8,595 | | | 9,236 | | Non-current liabilities | Other long-term liabilities | 20,478 | | | 23,932 | | Total operating lease liabilities | | $ | 29,073 | | | $ | 33,168 | | | | | | | Finance Leases | | | | | Right-of-use assets, net | Other assets, net | $ | 586 | | | $ | 767 | | | | | | | Current liabilities | Accrued liabilities and other | 254 | | | 293 | | Non-current liabilities | Other long-term liabilities | 313 | | | 434 | | Total finance lease liabilities | | $ | 567 | | | $ | 727 | |
For the six months ended June 30, 2021 and 2020, cash payments on operating leases were $5.8 million and $5.0 million, respectively.
Right-of-use Asset Impairment. The impairment of an operating lease right-of-use asset of $0.4 million was recorded for the first quarter ended March 31, 2020. The impairment charge is presented in Goodwill and other impairment in the Condensed Consolidated Statements of Operations.
Anticipated future lease costs, which are based in part on certain assumptions to approximate minimum annual rental commitments under non-cancelable leases, are as follows: | | | | | | | | | | | | | | | | | | | | | | | Operating | | Financing | | Total | Remainder of 2021 | | $ | 5,220 | | | $ | 145 | | | $ | 5,365 | | 2022 | | 10,126 | | | 199 | | | 10,325 | | 2023 | | 6,033 | | | 130 | | | 6,163 | | 2024 | | 4,642 | | | 80 | | | 4,722 | | 2025 | | 3,996 | | | 42 | | | 4,038 | | Thereafter | | 3,891 | | | — | | | 3,891 | | Total lease payments | | $ | 33,908 | | | $ | 596 | | | $ | 34,504 | | Less: Imputed interest | | (4,835) | | | (29) | | | (4,864) | | Present value of lease liabilities | | $ | 29,073 | | | $ | 567 | | | $ | 29,640 | |
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