Leases

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Leases

NOTE 11 – Leases

The Company leases certain assets used in its business, including land, buildings and equipment. These leased assets are used for operational and administrative purposes.

The components of lease expense are set forth in the table below:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Operating lease expense	$	4,004	$	3,841	$	12,388	$	11,240
Finance lease expense:
Amortization of assets		5		209		218		627
Interest on lease liabilities		-		4		1		17
Short-term lease expense		234		99		725		315
Variable lease expense		1,193		726		3,483		2,175
Total lease expense	$	5,436	$	4,879	$	16,815	$	14,374

The table below sets forth supplemental balance sheet information related to leases. In our condensed consolidated balance sheets, right of use (“ROU”) assets are included in other long-term assets while lease liabilities are located in accrued liabilities and other for the current portion and other long-term liabilities for the non-current portion:

	September 30, 2021	December 31, 2020
Operating leases:
Operating lease ROU assets	$57,554	$54,457
Current operating lease liabilities	13,593	10,663
Noncurrent operating lease liabilities	27,621	27,041
Total operating lease liabilities	$41,214	$37,704
Finance leases:
Finance lease ROU assets	$2,551	$2,507
Accumulated amortization	(2,521)	(2,298)
Finance lease ROU assets, net	$30	$209
Current finance lease liabilities	$12	$149
Non-current finance lease liabilities	18	24
Total finance lease liabilities	$30	$173
Weighted average remaining lease term (in years):
Operating leases	6.9	7.6
Finance leases	2.5	0.6
Weighted average discount rate:
Operating leases	4.0%	4.0%
Finance leases	3.7%	3.1%

The table below sets forth supplemental cash flow and other information related to leases:

	Nine Months Ended
	September 30, 2021	September 30, 2020
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$16,365	$12,808
Operating cash outflows from finance leases	1	17
Financing cash outflow from finance leases	181	671
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases	12,915	294

The table below sets forth information about lease liability maturities:

	September 30, 2021
	Operating Leases		Finance Leases
Remainder of 2021	$	3,954	$	3
2022		14,530		13
2023		9,393		11
2024		4,360		4
2025		4,166		-
2026		2,736		-
2027 and thereafter		8,863		-
Total lease payments		48,002		31
Less: imputed interest		(6,788)		(1)
Total lease obligations		41,214		30
Less: current obligations		(13,593)		(12)
Long-term lease obligations	$	27,621	$	18