Leases (Tables)

12 Months Ended

Dec. 31, 2020

The components of lease expense were as follows:

	December 31,
(table only in thousands)	2020		2019
Operating lease cost (a)	$	3,450	$	3,612
Finance lease cost:
Amortization of right-of-use assets		308		309
Interest on lease liability		338		360
Total finance lease cost		646		669
Total lease cost	$	4,096	$	4,281
(a) includes variable lease costs which are immaterial

Supplemental cash flow information related to leases was as follows:

	December 31,
(table only in thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	3,338	$	3,453
Operating cash flows from finance leases	$	338	$	360
Financing cash flows from finance leases	$	467	$	478
Right of use assets obtained in exchange for lease obligations
Operating leases	$	545	$	3,547

Supplemental balance sheet information related to leases was as follows:

	December 31,
(table only in thousands)	2020		2019
Operating leases
Right-of-use assets from operating leases	$	11,376	$	13,607

Accounts payable and accrued expenses	$	2,274	$	2,610
Operating lease liabilities		9,310		11,116
Total operating lease liabilities	$	11,584	$	13,726

Finance leases
Property, plant and equipment, net	$	2,947	$	3,255

Accounts payable and accrued expenses	$	557	$	516
Other liabilities		6,783		7,340
Total finance lease liabilities	$	7,340	$	7,856

Weighted-average remaining lease term as of December 31, 2020 were as follows:
Operating leases		12 years
Finance leases		11 years
Weighted-average discount rate
Operating leases		5.0%
Finance leases		4.5%

As of December 31, 2020, maturities of lease liabilities were as follows:

(table only in thousands)	Operating Leases			Finance Leases
2021		2,872			872
2022		2,222			889
2023		2,035			907
2024		1,876			925
2025		1,605			943
Thereafter		3,221			4,541
Total minimum lease payments	$	13,831		$	9,077
Less imputed interest		(2,247	)		(1,737	)
Lease liability	$	11,584		$	7,340