Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Lease, Cost

The following table provides the components of lease expense for the periods indicated (in thousands):

	Three Months Ended
	March 31,
	2021		2020
Finance lease cost:
Amortization of ROU assets	$	1,140	$	553
Interest on lease liabilities	110		74
Operating lease cost	623		679
Short-term lease cost	3,212		2,503
Variable lease cost	1		—
Total lease expense	$	5,086	$	3,809

The following table provides supplemental cash flow and other information related to leases for the periods indicated (in thousands):

	Three Months Ended
	March 31,
	2021		2020
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases (1)	$	622	$	678
Operating cash flows from finance leases	109		105
Financing cash flows from finance leases	1,014		532
ROU assets obtained in exchange for new lease liabilities:
Finance leases	2,091		—
Operating leases	264		81

______________

(1)Amounts are included in Other operating activities on the unaudited condensed consolidated statements of cash flows.

The following table provides the lease terms and discount rates for the periods indicated:

	Three Months Ended
	March 31,
	2021	2020
Weighted-average remaining lease term (years):
Finance leases	4.10	2.78
Operating leases	4.32	4.58
Weighted-average discount rate:
Finance leases	2.8%	4.9%
Operating leases	4.2%	5.0%

Assets and Liabilities, Lessee

The following table provides supplemental balance sheet information related to leases at the dates indicated (in thousands):

	March 31,		December 31,
	2021		2020
Assets
Finance lease ROU assets (1)	$	16,202	$	15,251
Operating lease ROU assets	7,774		8,051
Liabilities
Current
Finance lease liabilities	4,494		4,112
Operating lease liabilities	2,172		2,050
Noncurrent
Finance lease liabilities	12,202		11,507
Operating lease liabilities	5,603		6,000

______________

(1)Amounts are included in Property and equipment, net on the unaudited condensed consolidated balance sheets.

Lessee, Operating Lease, Liability, Maturity

The following table provides maturities of undiscounted lease liabilities at March 31, 2021 (in thousands):

	Finance		Operating
	Lease		Lease
Remainder of 2021	$	3,657	$	1,845
2022	3,942		2,128
2023	3,145		1,839
2024	2,350		1,702
2025	3,773		222
Thereafter	802		674
Total lease payments	17,669		8,410
Less: Interest	(973)		(635)
Present value of lease liabilities	16,696		7,775
Less: Current portion of lease obligation	(4,494)		(2,172)
Total long-term lease obligation	$	12,202	$	5,603

The following table provides maturities of undiscounted lease liabilities at December 31, 2020 (in thousands):

	Finance		Operating
	Lease		Lease
2021	$	4,496	$	2,343
2022	3,562		2,002
2023	2,764		1,821
2024	1,969		1,700
2025	2,992		222
Thereafter	802		675
Total lease payments	16,585		8,763
Less: Interest	(966)		(713)
Present value of lease liabilities	15,619		8,050
Less: Current portion of lease obligation	(4,112)		(2,050)
Total long-term lease obligation	$	11,507	$	6,000

Finance Lease, Liability, Maturity

The following table provides maturities of undiscounted lease liabilities at March 31, 2021 (in thousands):

	Finance		Operating
	Lease		Lease
Remainder of 2021	$	3,657	$	1,845
2022	3,942		2,128
2023	3,145		1,839
2024	2,350		1,702
2025	3,773		222
Thereafter	802		674
Total lease payments	17,669		8,410
Less: Interest	(973)		(635)
Present value of lease liabilities	16,696		7,775
Less: Current portion of lease obligation	(4,494)		(2,172)
Total long-term lease obligation	$	12,202	$	5,603

The following table provides maturities of undiscounted lease liabilities at December 31, 2020 (in thousands):

	Finance		Operating
	Lease		Lease
2021	$	4,496	$	2,343
2022	3,562		2,002
2023	2,764		1,821
2024	1,969		1,700
2025	2,992		222
Thereafter	802		675
Total lease payments	16,585		8,763
Less: Interest	(966)		(713)
Present value of lease liabilities	15,619		8,050
Less: Current portion of lease obligation	(4,112)		(2,050)
Total long-term lease obligation	$	11,507	$	6,000