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LEASES - (Tables)

9 Months Ended

Sep. 30, 2020

Supplemental balance sheet information related to our operating leases is as follows (in thousands):


	Classification on our Balance Sheets	At September 30, 2020		At December 31, 2019
Assets
Operating lease ROU assets	Other assets, non-current	$	16,479	$	12,257
Finance lease ROU assets(2)	Other assets, non-current	$	522	$	—
Liabilities(1)
Current operating lease liabilities	Accounts payable and accrued expenses	$	5,402	$	5,824
Current finance lease liabilities	Accounts payable and accrued expenses	$	143	$	—
Non-current operating lease liabilities	Other accrued expenses and liabilities	$	15,491	$	9,628
Non-current finance lease liabilities	Other accrued expenses and liabilities	$	399	$	—

(1) The amount of operating lease liabilities recorded on our Balance Sheets upon the adoption of ASC 842 on January 1, 2019 was approximately $18.0 million.

(2) Presented net of accumulated depreciation.

Cash Flow Information

Supplemental cash flow information related to leases is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Cash paid for:
Long- and short-term operating leases	$	2,076	$	1,869	$	6,325	$	5,602
Finance leases	$	39	$	—	$	44	$	—
Right-of-use assets obtained in exchange for lease obligations:
Operating leases(1)	$	7,594	$	—	$	8,454	$	14,595	(2)
Finance leases(1)	$	310	$	—	$	592	$	—

(1) The amounts are presented net of current year terminations and exclude amortization for the period.

(2) The amount includes approximately $13.7 million of operating lease ROU assets obtained in exchange for existing lease obligations due to the adoption of ASC 842 and $0.9 million of operating lease ROU assets obtained in exchange for new lease obligations entered into during the nine months ended September 30, 2019.

Lease Costs

Other information related to lease terms and discount rates is as follows:


	At September 30, 2020		At December 31, 2019
Weighted Average Remaining Lease Term (in years):
Operating leases	4.21		2.96
Finance leases	3.62		—
Weighted Average Discount Rate:
Operating leases	5.25	%	5.25	%
Finance leases	3.85	%	—

Components of lease expense, which are included in operating expenses, are as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating Lease Cost:
Operating lease cost	$	1,475	$	1,354	$	4,212	$	3,629
Variable lease cost	$	421	$	401	$	1,333	$	1,240
Finance Lease Cost:
Amortization of ROU assets	$	47	$	—	$	70	$	—
Interest expense on lease liabilities	$	5	$	—	$	8	$	—

Payments Due

Maturities of lease liabilities are summarized as follows as of September 30, 2020 (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
2020 (excluding the nine months ended September 30, 2020)	$	1,516	$	40
2021	6,181		161
2022	5,501		161
2023	3,946		161
2024	2,977		57
Thereafter	3,331		—
Total future minimum lease payments	$	23,452	$	580
Amount representing interest	2,559		38
Present value of future minimum lease payments	$	20,893	$	542
Current lease obligations	5,402		143
Long-term lease obligations	$	15,491	$	399

Sales-type lease

Supplemental balance sheet information related to our sales-type leases is as follows (in thousands):


	Classification on our Balance Sheets	At September 30, 2020		At December 31, 2019
Assets
Net investment in sales-type leases — current	Trade and other receivables, net	$	885	$	874
Net investment in sales-type leases — non-current	Other receivables	$	640	$	1,288