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Leases

12 Months Ended

Dec. 31, 2020

(5) Leases

We have various lease agreements for our facilities, equipment and vehicles with remaining lease terms ranging from one to sixteen years.

Components of lease cost (income) were as follows:


(in thousands)	Year Ended December 31, 2020		Year Ended December 31, 2019
Operating lease cost	$	13,937	$	14,743
Finance lease cost - amortization expense	937		737
Finance lease cost - interest expense	664		477
Short-term lease cost	159		114
Variable lease cost	1,363		245
Sublease income	(615)		(84)
Total	$	16,445	$	16,232

Rent expense for the year ended December 31, 2018, accounted for under the previous guidance at ASC 840 Leases, was $15,809.

Balance sheet classifications at December 31, 2020 and 2019 are summarized below:


	December 31, 2020						December 31, 2019
(in thousands)	Right of use assets		Current right of use liabilities		Long-term right of use liabilities		Right of use assets		Current right of use liabilities		Long-term right of use liabilities
Operating Leases	$	40,586	$	8,562	$	38,296	$	28,571	$	9,231	$	24,835
Finance Leases	8,034		972		10,173		8,319		338		10,567
Total	$	48,620	$	9,534	$	48,469	$	36,890	$	9,569	$	35,402

On September 1, 2020, we closed two facilities in connection with our restructuring plan. These facilities occupied leased office space that terminates in 2024. In conjunction with these closings, we recorded impairment charges totaling $1,627 related to our ROU assets and impairment charges totaling $1,953 related to leasehold improvements.

During the 2020 fourth quarter, we recorded ROU assets and liabilities related to lease extensions and renewals that were entered into during the 2019 fourth quarter, 2020 second quarter and 2020 third quarter of approximately $1,469, $2,021, and $3,467, respectively. There was not a material income statement impact from recording these lease extensions and renewals during the 2020 fourth quarter.

Our future minimum lease payments as of December 31, 2020 under operating lease and finance leases, with initial or remaining lease terms in excess of one year, were as follows:


	December 31, 2020
(in thousands)	Operating Leases		Finance Leases
Years ending December 31:
2021	$	11,206	$	1,624
2022	9,046		1,625
2023	7,482		1,617
2024	6,570		1,544
2025	4,982		1,454
Thereafter	19,801		6,845
Total lease payments	59,087		14,709
Less: imputed interest	(12,229)		(3,564)
Present value of lease liabilities	$	46,858	$	11,145

Supplemental cash flow information related to our operating leases for the years ending December 31, 2020, and 2019 was as follows:


(in thousands)	December 31, 2020		December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$	13,151	$	15,602
Operating cash outflow from finance leases	$	661	$	456
Financing cash outflow from finance leases	$	496	$	725

Weighted-average remaining lease terms and discount rate for our operating leases for the year ending December 31, 2020, were as follows:

December 31, 2020

Operating

Financing

Weighted-average remaining lease term

7.5 years

9.4 years

Weighted-average discount rate

6.10

5.92

Leases