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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Other Information Related To Operating Leases

 

Other information related to operating leases as of and for the year ended December 31, 2020 were as follows:

 

 

 

 

Year Ended

December 31, 2020

 

Weighted average remaining lease term (in years)

 

$

16.1

 

Weighted average discount rate

 

 

14.4

%

Summary of Company's Operating Leases

The following table summarizes the Company’s operating leases:

 

 

 

Classification - Consolidated Balance Sheets

 

December 31, 2020

 

 

December 31, 2019

 

Assets

 

 

 

 

 

 

 

 

 

 

Operating lease assets

 

Operating lease assets

 

$

62,466

 

 

$

20,757

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

 

 

Operating

 

Current portion of operating lease liabilities

 

 

1,909

 

 

 

972

 

Noncurrent

 

 

 

 

 

 

 

 

 

 

Operating

 

Operating lease liabilities

 

 

51,545

 

 

 

20,976

 

Total lease liabilities

 

 

 

$

53,454

 

 

$

21,948

 

Summary of Maturities Lease Liabilities For Third-Party Operating Leases

Maturities of lease liabilities for third-party operating leases as of December 31, 2020 were as follows:

Year Ending December 31

 

 

Third-Party

Maturities of

Lease Liability

 

2021

 

 

$

8,987

 

 

2022

 

 

 

9,220

 

 

2023

 

 

 

9,397

 

 

2024

 

 

 

9,445

 

 

2025

 

 

 

9,599

 

2026 and thereafter

 

 

 

128,067

 

Total lease payments

 

 

$

174,715

 

Summary of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases

 

Future minimum rental commitments under non-cancelable operating leases as of December 31, 2019 were

expected to be as follows:

 

Year Ending December 31,

 

Total

 

2020

 

$

3,734

 

2021

 

 

3,805

 

2022

 

 

3,845

 

2023

 

 

3,701

 

2024

 

 

3,507

 

2025 and Thereafter

 

 

15,778

 

Total Future Minimum Lease Payments

 

$

34,370

 

Summary of Changes in Lease Receivables The following table summarizes changes in the Company’s lease receivables:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Balance, beginning of the year

 

$

33,500

 

 

$

 

Acquisitions

 

 

 

 

 

33,192

 

Sale of assets in sale lease back

 

 

(22,508

)

 

 

 

Interest

 

 

11,019

 

 

 

4,528

 

Lease payments received

 

 

(10,966

)

 

 

(4,220

)

Balance, end of the period

 

$

11,045

 

 

$

33,500

 

Less current portion

 

 

(3,450

)

 

 

(9,556

)

Long-term lease receivables

 

$

7,595

 

 

$

23,944

 

 

Summary of Future Minimum Lease Payments (Principal and Interest) on Leases (Lessor)

Future minimum lease payments receivable (principal and interest) on the leases are as follows:

 

 

 

As of

December 31,

2020

 

2021

 

$

11,846

 

2022

 

 

12,725

 

2023

 

 

1,575

 

2024

 

 

 

2025

 

 

 

Thereafter

 

 

 

Total minimum lease payments

 

 

26,146

 

Less Olympia operating lease payments

 

 

(17,491

)

Total minimum lease payments for Elma

 

 

8,655

 

Effect of discounting

 

 

(2,434

)

Present value of minimum lease payments

 

 

6,221

 

Present value of residual value of leased property

 

 

4,824

 

Total lease receivable

 

$

11,045

 

Current portion lease receivable

 

 

(3,450

)

Long-term lease receivable

 

$

7,595