Leases (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Lease Expense, Payments For Operating Leases, and Information Related To Lease Term And Discount Rates

Our expenses and payments for operating leases were as follows:


	Year Ended December 31,
(Dollars in thousands)	2021		2020		2019
Operating leases expense	$	3,002	$	3,257	$	3,119
Short-term leases expense	$	330	$	464	$	192
Payments on operating lease obligations	$	2,784	$	2,893	$	2,967

The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments:


	Finance Leases	Operating Leases
Weighted Average Remaining Lease Term	2.1 years	11.1 years
Weighted Average Discount Rate	3.75%	3.87%

Schedule of Assets and Liabilities Balance Related To Finance and Operating Leases

Our assets and liabilities balances related to finance and operating leases reflected in the consolidated statements of financial position were as follows:


		As of December 31,
(Dollars in thousands)	Financial Statement Line Item	2021		2020
Finance lease right-of-use assets	Property, plant and equipment, net	$	389	$	7,017
Operating lease right-of-use assets	Other long-term assets	$	17,161	$	4,216

Finance lease obligations, current portion	Other accrued liabilities	$	198	$	4,755
Finance lease obligations, non-current portion	Other long-term liabilities	$	209	$	322
Total finance lease obligations		$	407	$	5,077

Operating lease obligations, current portion	Other accrued liabilities	$	2,810	$	2,275
Operating lease obligations, non-current portion	Other long-term liabilities	$	14,965	$	2,219
Total operating lease obligations		$	17,775	$	4,494

Schedule of Finance Lease Liability Maturity

The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of December 31, 2021:


	Finance						Operating
(Dollars in thousands)	Leases Signed		Less: Leases Not Yet Commenced		Leases in Effect		Leases Signed		Less: Leases Not Yet Commenced		Leases in Effect
2022	422		(217)		205		3,462		(47)		3,415
2023	490		(290)		200		2,682		(45)		2,637
2024	300		(290)		10		1,635		(40)		1,595
2025	300		(290)		10		1,334		(18)		1,316
Thereafter	371		(364)		7		12,758		(3)		12,755
Total lease payments	1,883		(1,451)		432		21,871		(153)		21,718
Less: Interest	(74)		49		(25)		(3,946)		3		(3,943)
Present Value of Net Future Minimum Lease Payments	$	1,809	$	(1,402)	$	407	$	17,925	$	(150)	$	17,775

Schedule of Operating Lease Liability Maturity

The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of December 31, 2021:


	Finance						Operating
(Dollars in thousands)	Leases Signed		Less: Leases Not Yet Commenced		Leases in Effect		Leases Signed		Less: Leases Not Yet Commenced		Leases in Effect
2022	422		(217)		205		3,462		(47)		3,415
2023	490		(290)		200		2,682		(45)		2,637
2024	300		(290)		10		1,635		(40)		1,595
2025	300		(290)		10		1,334		(18)		1,316
Thereafter	371		(364)		7		12,758		(3)		12,755
Total lease payments	1,883		(1,451)		432		21,871		(153)		21,718
Less: Interest	(74)		49		(25)		(3,946)		3		(3,943)
Present Value of Net Future Minimum Lease Payments	$	1,809	$	(1,402)	$	407	$	17,925	$	(150)	$	17,775