Leases (Table)

3 Months Ended

Mar. 31, 2021

Amounts included in the Condensed Consolidated Statement of Financial Position (Unaudited) related to leases include:

		March 31,		December 31,
	Classification	2021		2020
Assets:
Operating lease assets	Right of use asset - operating leases	$	20,820	$	18,390
Finance lease assets	Property, plant and equipment, net		10,282		—
Total lease assets		$	31,102	$	18,390

Liabilities:
Current	Operating lease liability - short-term	$	4,269	$	4,359
Long-term	Operating lease liability - long-term		16,300		13,755
Total operating lease liabilities		$	20,569	$	18,114
Current	Finance lease liability - short-term	$	487	$	—
Long-term	Finance lease liability - long-term		9,812		—
Total finance lease liabilities			10,299		—
Total lease liabilities		$	30,868	$	18,114

The components of lease expense include:

		For the Quarter Ended March 31,
Lease Cost	Classification	2021		2020
Operating lease cost ⁽¹⁾	Cost of sales	$	1,070	$	399
Operating lease cost ⁽¹⁾	Selling, general and administrative expenses		551		441
Finance lease cost
Depreciation expense	Cost of sales		57		—
Interest expense on lease liabilities	Interest expense, net		30		—
Total lease cost		$	1,708	$	840

(1)	Includes short-term leases and variable lease costs, which are immaterial

Supplemental cash flow information related to leases was as follows:

	For the Quarter Ended March 31,
Supplemental Cash Flow Information	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,252	$	622
Operating cash flows from finance leases	$	30	$	—
Financing cash flows from finance leases	$	40	$	—
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	3,523	$	—
Finance leases	$	10,339	$	—

Lease Term and Discount Rate	March 31, 2021			December 31, 2020
Weighted-average remaining lease term (years):
Operating leases		6.53			5.66
Finance leases		14.93			—
Weighted-average discount rate:
Operating leases		3.6	%		3.7	%
Finance leases		3.5	%		—

Maturity of Lease Liabilities - As of March 31, 2021	Operating Leases			Finance Leases			Total
2021⁽¹⁾	$	3,750		$	630		$	4,380
2022		4,433			840			5,273
2023		3,835			840			4,675
2024		2,472			861			3,333
2025		1,682			865			2,547
After 2025		6,827			9,273			16,100
Total lease payments		22,999			13,309			36,308
Less: interest		(2,430	)		(3,010	)		(5,440	)
Present value of lease liabilities	$	20,569		$	10,299		$	30,868

(1)	Represents amounts due in 2021 after March 31, 2021