Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Lease Assets and Liabilities

The following table presents the lease balances within the Condensed Consolidated Balance Sheet as of September 30, 2021 and December 31, 2020:

(in thousands)	Classification on the Balance Sheet	September 30, 2021			December 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	33,502		$	37,735
Finance lease assets	Property, plant and equipment, net	4,111			5,258
Liabilities
Current
Operating lease liabilities	Current maturities of operating leases	9,823			9,028
Accrued expenses	Current maturities of finance leases	1,809			2,453
Long-term
Operating lease liabilities	Operating lease liabilities	28,256			29,760
Other long-term liabilities	Finance lease liabilities	$	2,302		$	2,805
Weighted average remaining lease term
Operating leases		5.7 years			5.4 years
Finance leases		2.4 years			2.3 years
Weighted average discount rate
Operating leases		5.6		%	5.8		%
Finance leases		6.2		%	3.6		%

Lease Liability Maturity

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Condensed Consolidated Balance Sheet as of September 30, 2021:

(in thousands)	Operating		Finance
October 1, 2021 through December 31, 2021	$	1,454	$	671
2022	11,254		1,658
2023	7,939		1,063
2024	5,749		723
2025	3,726		247
Thereafter	16,361		4
Total undiscounted future minimum lease payments	46,483		4,366
Less: Difference between lease payments and discounted lease liabilities	8,404		255
Total lease liabilities	$	38,079	$	4,111

Lease Liability Maturity

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Condensed Consolidated Balance Sheet as of September 30, 2021:

(in thousands)	Operating		Finance
October 1, 2021 through December 31, 2021	$	1,454	$	671
2022	11,254		1,658
2023	7,939		1,063
2024	5,749		723
2025	3,726		247
Thereafter	16,361		4
Total undiscounted future minimum lease payments	46,483		4,366
Less: Difference between lease payments and discounted lease liabilities	8,404		255
Total lease liabilities	$	38,079	$	4,111

Lease Cash Flow Information

Supplemental cash flow information is as follows:

(in thousands)	For the nine months ended September 30,
	2021		2020
Operating cash out flows from operating leases	$	12,278	$	13,596
Operating cash out flows from finance leases	101		149
Financing cash out flows from finance leases	1,498		2,009
Total	$	13,877	$	15,754