Leases (Tables)
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12 Months Ended |
Dec. 31, 2021 |
Leases [Abstract] |
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Assets and Liabilities, Lessee |
At December 31, 2021 and 2020, the operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheet are as follows: | | | | | | | | | | | | | | | | | | | | | | | Balance Sheet Location | | December 31, | | | | | 2021 | | 2020 | Right-of-use assets | | | | | | | Operating | | Operating right-of-use assets | | $ | 29,828 | | | $ | 32,099 | | Financing | | Property, plant and equipment, net | | 262 | | | 373 | | Total right-of use assets | | | | $ | 30,090 | | | $ | 32,472 | | | | | | | | | Lease liabilities | | | | | | | Operating | | Operating lease liabilities, current and long-term portions | | $ | 32,719 | | | $ | 34,097 | | Financing | | Long-term debt, current and long-term portions | | 351 | | | 474 | | Total lease liabilities | | | | $ | 33,070 | | | $ | 34,571 | |
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Lease, Cost |
Lease cost recognized in the consolidated statements of operations for the years ended December 31, 2021 and 2020 is as follows: | | | | | | | | | | | | | | | | | Year ended December 31, | | | 2021 | | 2020 | Finance lease cost | | | | | Amortization of right-of-use assets | | $ | 139 | | | $ | 139 | | Interest on lease liabilities | | 28 | | | 36 | | Operating lease cost | | 11,008 | | | 12,087 | | Short-term lease cost | | 428 | | | 238 | | | | | | | | | | | | Total lease cost | | $ | 11,603 | | | $ | 12,500 | | Other information related to the Company’s leasing activity for year ended December 31, 2021 and 2020 is as follows: | | | | | | | | | | | | | | | | | Year ended December 31, | | | 2021 | | 2020 | Cash paid for amounts included in the measurement of lease liabilities | | | | | Operating cash flows used for finance leases | | $ | 28 | | | $ | 36 | | Operating cash flows used for operating leases | | $ | 10,083 | | | $ | 10,523 | | Financing cash flows used for finance leases | | $ | 123 | | | $ | 123 | | | | | | | | | | | | Right-of-use assets obtained in exchange for new operating lease liabilities | | $ | 6,903 | | | $ | 15,510 | | | | | | | Weighted average remaining lease term - finance leases | | 1.5 years | | 2.6 years | Weighted average discount rate - finance leases | | 6.60 | % | | 6.60 | % | Weighted average remaining lease term - operating leases | | 3.5 years | | 3.9 years | Weighted average discount rate - operating leases | | 5.81 | % | | 5.78 | % |
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Finance Lease, Liability, Maturity |
Maturities of the Company’s lease liabilities as of December 31, 2021 are as follows: | | | | | | | | | | | | | | | | | | | | | Year | | Operating Leases | | Finance Leases | | Total | 2022 | | $ | 10,655 | | | $ | 136 | | | $ | 10,791 | | 2023 | | 10,135 | | | 245 | | | 10,380 | | 2024 | | 7,567 | | | — | | | 7,567 | | 2025 | | 3,773 | | | — | | | 3,773 | | 2026 and thereafter | | 4,450 | | | — | | | 4,450 | | Total cash lease payments | | 36,580 | | | 381 | | | 36,961 | | Less: amounts representing interest | | (3,861) | | | (30) | | | (3,891) | | Total lease liabilities | | $ | 32,719 | | | $ | 351 | | | $ | 33,070 | |
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Lessee, Operating Lease, Liability, Maturity |
Maturities of the Company’s lease liabilities as of December 31, 2021 are as follows: | | | | | | | | | | | | | | | | | | | | | Year | | Operating Leases | | Finance Leases | | Total | 2022 | | $ | 10,655 | | | $ | 136 | | | $ | 10,791 | | 2023 | | 10,135 | | | 245 | | | 10,380 | | 2024 | | 7,567 | | | — | | | 7,567 | | 2025 | | 3,773 | | | — | | | 3,773 | | 2026 and thereafter | | 4,450 | | | — | | | 4,450 | | Total cash lease payments | | 36,580 | | | 381 | | | 36,961 | | Less: amounts representing interest | | (3,861) | | | (30) | | | (3,891) | | Total lease liabilities | | $ | 32,719 | | | $ | 351 | | | $ | 33,070 | |
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