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Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Statement of Operations Location

June 30, 2021

 

 

June 30, 2021

 

Operating lease cost

 

 

 

 

 

 

 

 

Lease cost

Selling, general and administrative expense

$

2,236

 

 

$

4,336

 

    Variable lease cost

Selling, general and administrative expense

 

114

 

 

 

215

 

Total operating lease cost

 

 

2,350

 

 

 

4,551

 

 

 

 

 

 

 

 

 

 

Finance lease cost

 

 

 

 

 

 

 

 

Amortization of right of use assets

Depreciation and amortization

848

 

 

 

1,643

 

Interest on lease liabilities

Interest expense—net

103

 

 

 

199

 

Total finance lease cost

 

951

 

 

 

1,842

 

Total lease cost

 

$

3,301

 

 

$

6,393

 

Summary of Supplemental Cash Flow Information Related To Leases

Supplemental cash flows information related to leases was as follows:

 

 

Six Months Ended

 

 

 

June 30, 2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows used in operating leases

 

$

4,249

 

Operating cash flows used in finance leases

 

 

199

 

Financing cash flows used in finance leases

 

 

1,632

 

 

 

 

 

 

Lease liabilities arising from new ROU assets

 

 

 

 

Operating leases

 

 

5,305

 

Finance leases

 

 

1,928

 

Summary of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates

Weighted average remaining lease terms and weighted average discount rates were:

 

 

 

June 30, 2021

 

 

 

Operating Leases

 

 

Finance Leases

 

Weighted average remaining lease term (years)

 

5.11

 

 

2.95

 

Weighted average discount rate

 

 

2.57

%

 

 

5.10

%

Schedule of Maturities of Lease Liabilities

The following is a schedule by year of the maturities of lease liabilities with original terms in excess of one year:

 

 

 

June 30, 2021

 

 

 

Operating Leases

 

 

Finance Leases

 

Remainder of 2021

 

$

4,300

 

 

$

1,724

 

2022

 

 

6,865

 

 

 

2,986

 

2023

 

 

4,851

 

 

 

2,126

 

2024

 

 

3,344

 

 

 

1,116

 

2025 and thereafter

 

 

8,356

 

 

 

381

 

Total undiscounted future minimum lease payments

 

 

27,716

 

 

 

8,333

 

Less imputed interest

 

 

(1,805

)

 

 

(582

)

Total discounted future minimum lease payments

 

$

25,911

 

 

$

7,751

 

Schedule of Future Minimum Rental Commitments for Capital Lease and Non-Cancelable Operating Leases

A schedule of the future minimum rental commitments under the Company’s capital lease agreements and non-cancelable operating lease agreements with an initial or remaining term in excess of one year as of December 31, 2020, in accordance with ASC 840, the predecessor to ASC 842, were as follows:

 

December 31, 2020

 

 

Operating Leases

 

 

Finance Leases

 

2021

$

5,946

 

 

$

2,652

 

2022

 

4,865

 

 

 

2,172

 

2023

 

3,146

 

 

 

1,444

 

2024

 

1,812

 

 

496

 

2025 and thereafter

 

4,954

 

 

69

 

Total

$

20,723

 

 

$

6,833