Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Schedule of Maturity of Finance Lease Liability

At September 30, 2021, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2021 (Remaining three months)	$	909	$	57	$	966
2022	3,606		199		3,805
2023	3,215		139		3,354
2024	1,853		114		1,967
2025	1,242		4		1,246
Thereafter	1,564		—		1,564
Total	12,389		513		12,902
Less: present value discount*	(1,206)		(39)		(1,245)
Present value of lease liabilities	11,183		474		11,657
Less: current portion of lease liabilities	(3,172)		(192)		(3,364)
Total long-term lease liabilities	$	8,011	$	282	$	8,293
* 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, 2021, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2021 (Remaining three months)	$	909	$	57	$	966
2022	3,606		199		3,805
2023	3,215		139		3,354
2024	1,853		114		1,967
2025	1,242		4		1,246
Thereafter	1,564		—		1,564
Total	12,389		513		12,902
Less: present value discount*	(1,206)		(39)		(1,245)
Present value of lease liabilities	11,183		474		11,657
Less: current portion of lease liabilities	(3,172)		(192)		(3,364)
Total long-term lease liabilities	$	8,011	$	282	$	8,293
* 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,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Operating Lease Cost	$	1,109	$	1,622	$	3,873	$	5,472
Finance Lease Cost:
Amortization of Lease Assets	48		41		146		128
Interest on Lease Liabilities	8		9		27		30
Finance Lease Cost	56		50		173		158
Sublease Income	(34)		(113)		(95)		(338)
Total Net Lease Cost	$	1,131	$	1,559	$	3,951	$	5,292

Schedule of 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, 2021
Weighted Average Lease Term - Operating Leases	4.4 years
Weighted Average Lease Term - Finance Leases	2.8 years
Weighted Average Discount Rate - Operating Leases	7.1	%
Weighted Average Discount Rate - Finance Leases	6.6	%

Schedule of Other Commitments

Such arrangements represent further commitments of approximately $39.3 million as follows:

Year	Commitments
	(in thousands)
2021 (Remaining three months)	$	4,484
2022	17,694
2023	17,081
Thereafter	—
Total	$	39,259