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Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related Leases Assets and Liabilities

The following table presents supplemental balance sheet information related to lease assets and liabilities:

 

(in thousands)

Classification

 

June 30, 2021

 

 

December 31, 2020

 

Assets

 

 

 

 

 

 

 

 

 

Operating lease assets

Other long-term assets

 

$

8,854

 

 

$

11,081

 

Finance lease assets1

Property, plant and equipment, net

 

 

9,077

 

 

 

7,206

 

Total lease assets

 

 

$

17,931

 

 

$

18,287

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

Operating lease liabilities

Accounts payable and accrued liabilities

 

$

3,437

 

 

$

4,304

 

Finance lease liabilities

Accounts payable and accrued liabilities

 

 

2,861

 

 

 

2,202

 

Noncurrent:

 

 

 

 

 

 

 

 

 

Operating lease liabilities

Other long-term obligations

 

 

5,475

 

 

 

6,835

 

Finance lease liabilities

Other long-term obligations

 

 

6,140

 

 

 

4,914

 

Total lease liabilities

 

 

$

17,913

 

 

$

18,255

 

 

 

 

 

 

 

 

 

 

 

 

1

Finance lease assets are presented net of accumulated amortization of $2.9 million and $1.7 million as of June 30, 2021 and December 31, 2020, respectively.

Schedule of Components of Lease Expense

The following table presents the components of lease expense:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating lease costs1

 

$

1,285

 

 

$

1,414

 

 

$

2,613

 

 

$

2,839

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

633

 

 

260

 

 

 

1,222

 

 

473

 

Interest on lease liabilities

 

 

51

 

 

32

 

 

 

102

 

 

59

 

Net lease costs

 

$

1,969

 

 

$

1,706

 

 

$

3,937

 

 

$

3,371

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Excludes short-term leases and variable lease costs, which are immaterial.

 

Schedule of Supplemental Cash Flow Information Related Leases

The following table presents supplemental cash flow information related to leases:

 

 

 

 

Six Months Ended June 30,

 

(in thousands)

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

2,590

 

 

$

2,884

 

Operating cash flows for finance leases

 

$

102

 

 

$

59

 

Financing cash flows for finance leases

 

$

1,208

 

 

$

489

 

Leased assets exchanged for new lease liabilities:

 

 

 

 

 

 

 

 

Operating leases

 

$

213

 

 

$

248

 

Finance leases

 

$

3,093

 

 

$

2,558