LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Assets and Liabilities, Lessee

Leased assets and liabilities included within the Condensed Consolidated Balance Sheets consist of the following (in thousands):

	Classification	September 30, 2021		December 31, 2020
Right-of-Use Assets
Operating	Other assets	$	11,647	$	10,842
Finance	Property, plant and equipment, net of depreciation	2,694		2,802
Total leased ROU assets		$	14,341	$	13,644
Liabilities
Current
Operating	Other accrued liabilities	$	3,625	$	4,117
Finance	Current portion of finance lease obligations	119		348
Noncurrent
Operating	Non-current liabilities	8,416		6,967
Finance	Finance lease obligations	—		30
Total lease liabilities		$	12,160	$	11,462

Lease, Cost

Lease costs included in the Condensed Consolidated Statements of Operations consist of the following (in thousands):

	Classification	Three Months Ended September 30, 2021		Three Months Ended September 30, 2020
Operating lease cost	Cost of sales, selling expenses and general and administrative expense	$	1,329	$	1,217
Finance lease cost
Amortization of ROU leased assets	Depreciation and amortization within Cost of sales	36		36
Interest on lease liabilities	Interest expense	6		11
Net lease cost		$	1,371	$	1,264

	Classification	Nine Months Ended September 30, 2021		Nine Months Ended September 30, 2020
Operating lease cost	Cost of sales, selling expenses and general and administrative expense	$	3,813	$	3,844
Finance lease cost
Amortization of ROU leased assets	Depreciation and amortization within Cost of sales	108		108
Interest on lease liabilities	Interest expense	21		44
Net lease cost		$	3,942	$	3,996

Remaining lease term and discount rates are as follows:

	September 30, 2021		December 31, 2020
Weighted average remaining lease term (years)
Operating leases	4.3		3.6
Finance leases	0.3		1.1
Weighted average discount rate
Operating leases	5.11	%	5.07	%
Finance leases	6.16	%	6.16	%

Lease costs included in the Condensed Consolidated Statements of Cash Flows are as follows (in thousands):

	Nine Months Ended September 30, 2021		Nine Months Ended September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	3,660	$	3,820
Operating cash flows from finance leases	$	12	$	27
Financing cash flows from finance leases	$	259	$	244

Operating Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of September 30, 2021 is as follows (in thousands):

	Operating Leases		Finance Leases		Total
2021 (remainder)	$	1,179	$	90	$	1,269
2022	3,883		30		3,913
2023	3,062		—		3,062
2024	1,945		—		1,945
2025	1,346		—		1,346
Thereafter	2,040		—		2,040
Total lease payments	$	13,455	$	120	$	13,575
Less: interest	1,414		1
Present value of lease payments	$	12,041	$	119

Finance Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of September 30, 2021 is as follows (in thousands):

	Operating Leases		Finance Leases		Total
2021 (remainder)	$	1,179	$	90	$	1,269
2022	3,883		30		3,913
2023	3,062		—		3,062
2024	1,945		—		1,945
2025	1,346		—		1,346
Thereafter	2,040		—		2,040
Total lease payments	$	13,455	$	120	$	13,575
Less: interest	1,414		1
Present value of lease payments	$	12,041	$	119