Leases

3 Months Ended

Mar. 31, 2022

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
	March 31,
	2022		2021
Operating lease expense	$	3,510	$	4,235
Finance lease expense:
Amortization of assets		3		211
Interest on lease liabilities		-		1
Short-term lease expense		270		245
Variable lease expense		975		1,129
Total lease expense	$	4,758	$	5,821

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:

	March 31, 2022			December 31, 2021
Operating leases:
Operating lease ROU assets	$	47,966		$	49,703
Current operating lease liabilities		10,490			11,199
Noncurrent operating lease liabilities		21,355			22,291
Total operating lease liabilities	$	31,845		$	33,490
Finance leases:
Finance lease ROU assets	$	2,563		$	2,561
Accumulated amortization		(2,512	)		(2,524	)
Finance lease ROU assets, net	$	51		$	37
Current finance lease liabilities	$	10		$	15
Non-current finance lease liabilities		16			23
Total finance lease liabilities	$	26		$	38
Weighted average remaining lease term (in years):
Operating leases		6.9			6.9
Finance leases		2.3			2.3
Weighted average discount rate:
Operating leases		4.0	%		4.0	%
Finance leases		3.7	%		3.7	%

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

	Three Months Ended
	March 31, 2022		March 31, 2021
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$	4,575	$	5,570
Operating cash outflows from finance leases		–		1
Financing cash outflow from finance leases		61		141
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases		1,541		11,640

The table below sets forth information about lease liability maturities:

	March 31, 2022
	Operating Leases			Finance Leases
2022	$	9,817		$	10
2023		7,708			12
2024		4,857			4
2025		4,307			1
2026		2,852			-
2027		685			-
2028 and thereafter		7,569			-
Total lease payments		37,795			27
Less: imputed interest		(5,950	)		(1	)
Total lease obligations		31,845			26
Less: current obligations		(10,490	)		(10	)
Long-term lease obligations	$	21,355		$	16