Leases (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Right of Use Assets and Lease Liabilities

The following table presents lease-related assets and liabilities at September 30, 2020:


Leases Assets and Liabilities	Balance Sheet Classification	September 30, 2020
Assets:
Operating leases	Operating lease right-of-use asset	$	30,564
Finance leases	Property, plant, and equipment, net	22,981
		$	53,545
Liabilities:
Operating leases	Other current liabilities	$	6,452
Finance leases	Current portion of long-term debt	10,631
Operating leases	Operating lease liabilities, net of current portion	32,038
Finance leases	Long-term debt, net of current portion	14,015
		$	63,136
Weighted average remaining term:
Operating leases		5.9 years
Finance leases		1.9 years
Weighted average discount rate:
Operating leases		5.70		%
Finance leases		7.50		%
(1) Finance lease assets are recorded net of accumulated amortization of $12,947 as of September 30, 2020.
(2) Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2020.

Schedule of Lease Expense and Supplemental Cash Flow Informatoin for Finance and Operating Leases

The following table presents certain information related to lease expense for finance and operating leases:


Expense Category	Statement of Operations Classification	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020
Finance lease expense:
Amortization of leased assets	Cost of revenues	$	2,497	$	7,491
Interest of lease liabilities	Interest expense	493		1,619
Operating leases(3)		2,296		7,333
Short-term lease expense(3)		3,255		12,898
Variable lease expense(3)		351		2,855
Total lease expense		$	8,892	$	32,196
(3) Expenses are included in “Cost of revenues”, “Marketing and selling expenses”, or “General and administrative expenses” in our condensed consolidated statements of operations, depending on the purpose of the related asset.

Other Information

The following table represents supplemental cash flow information:


	Nine Months Ended September 30, 2020
Cash paid for amounts used in the measurement of lease liabilities:
Cash used in operating activities	$	6,799
Cash used in investing activities	$	—
Cash used in financing activities	$	7,543

Schedule of Operating Lease Liability Maturities

The following table reconciles the undiscounted cash flows to the finance lease liabilities and operating lease liabilities recorded on the condensed consolidated balance sheet at September 30, 2020:


	Finance Leases		Operating Leases
2020 (remaining)	$	3,038	$	2,046
2021	11,209		8,298
2022	6,859		7,558
2023	—		6,904
2024	—		6,136
2025 and thereafter	—		15,404
Total minimum lease payments	21,106		46,346
Residual value	5,661		—
Amount representing interest	(2,121)		(7,856)
Present value of future minimum lease payments	24,646		38,490
Less: current portion	(10,631)		(6,452)
Long-term lease liabilities	$	14,015	$	32,038

Schedule of Finance Lease Liability Maturities

The following table reconciles the undiscounted cash flows to the finance lease liabilities and operating lease liabilities recorded on the condensed consolidated balance sheet at September 30, 2020:


	Finance Leases		Operating Leases
2020 (remaining)	$	3,038	$	2,046
2021	11,209		8,298
2022	6,859		7,558
2023	—		6,904
2024	—		6,136
2025 and thereafter	—		15,404
Total minimum lease payments	21,106		46,346
Residual value	5,661		—
Amount representing interest	(2,121)		(7,856)
Present value of future minimum lease payments	24,646		38,490
Less: current portion	(10,631)		(6,452)
Long-term lease liabilities	$	14,015	$	32,038