Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Maturity of Finance Lease Liability

At September 30, 2020, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2020 (Remaining six months)	$	1,492	$	48	$	1,540
2021	4,560		190		4,750
2022	3,357		160		3,517
2023	2,925		99		3,024
2024	1,562		77		1,639
Thereafter	1,662		—		1,662
Total	15,558		574		16,132
Less: present value discount*	(2,038)		(58)		(2,096)
Present value of lease liabilities	13,520		516		14,036
Less: current portion of lease liabilities	(4,392)		(161)		(4,553)
Total long-term lease liabilities	$	9,128	$	355	$	9,483
* The discount rate used was the incremental borrowing rates respective to the country where the assets are located.

Schedule of Maturity of Operating Lease Liability

At September 30, 2020, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2020 (Remaining six months)	$	1,492	$	48	$	1,540
2021	4,560		190		4,750
2022	3,357		160		3,517
2023	2,925		99		3,024
2024	1,562		77		1,639
Thereafter	1,662		—		1,662
Total	15,558		574		16,132
Less: present value discount*	(2,038)		(58)		(2,096)
Present value of lease liabilities	13,520		516		14,036
Less: current portion of lease liabilities	(4,392)		(161)		(4,553)
Total long-term lease liabilities	$	9,128	$	355	$	9,483
* The discount rate used was the incremental borrowing rates respective to the country where the assets are located.

Schedule of Lease, Cost

The lease cost is recognized in our Condensed Consolidated Statement of Income in the category of General and Administrative and is summarized as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(in thousands)				(in thousands)
Operating Lease Cost	$	1,622	$	2,016	$	5,472	$	6,265
Finance Lease Cost:
Amortization of Lease Assets	41		32		128		76
Interest on Lease liabilities	9		9		30		24
Finance Lease Cost	50		41		158		100
Sublease Income	(113)		(99)		(338)		(521)
Total Net Lease Cost	$	1,559	$	1,958	$	5,292	$	5,844

Other Operating and Finance Lease Information

Other information about lease amounts recognized in our Condensed Consolidated Statement of Income is summarized as follows:

	September 30, 2020
Weighted Average Lease Term - Operating Leases	3.7 years
Weighted Average Lease Term - Finance Leases	3.4 years
Weighted Average Discount Rate - Operating Leases	8.2	%
Weighted Average Discount Rate - Finance Leases	7.2	%

Schedule of Other Commitments

Such arrangements represent further commitments of approximately $70.0 million as follows:

Year	Commitments
	(in thousands)
2020 (Remaining six months)	$	6,084
2021	22,784
2022	20,821
2023	20,308
Thereafter	—
Total	$	69,997