Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Right-of-Use Lease Assets and Lease Liabilities
The table below presents the operating and finance right-of-use lease assets and lease liabilities recognized on the consolidated balance sheet as of December 31, 2020 and 2019:
Classification December 31,
2020		 December 31,
2019
Assets
Operating lease assets Right-of-use lease assets $ 48,239  $ 48,417 
Finance lease assets Property, plant and equipment, net 1,752  1,556 
Total leased assets $ 49,991  $ 49,973 
Liabilities
Current:
Operating lease liabilities Operating lease liabilities—current $ 15,194  $ 11,857 
Finance lease liabilities Accrued liabilities 262  185 
Noncurrent:
Operating lease liabilities Operating lease liabilities—noncurrent 32,019  34,908 
Finance lease liabilities Other long-term liabilities 366  315 
Total lease liabilities $ 47,841  $ 47,265 
Weighted Average Remaining Lease Term and Discount Rate
The Company’s weighted average remaining lease term and weighted average discount rate for operating and financing leases as of December 31, 2020 are as follows:
December 31,
2020		 December 31,
2019
Weighted average remaining lease term (in years):
Operating leases 5.18 5.51
Finance leases 2.45 2.65
Weighted average discount rate:
Operating leases 5.55  % 5.66  %
Finance leases 4.67  % 4.67  %
Maturities of Lease Liabilities
Maturities of lease liabilities as of December 31, 2020 are as follows:
Year Operating
Leases		 Finance
Leases
2021 $ 17,363  $ 406 
2022 10,707  161 
2023 8,655  40 
2024 6,404  35 
2025 3,917  8 
Thereafter 7,785  — 
Total lease payments 54,831  650 
Less: Interest (7,618) (22)
Total lease liabilities $ 47,213  $ 628 

(1)     Refer to the above table regarding the Company’s right-of-use lease assets and lease liabilities for the presentation of the lease liabilities in the Company’s consolidated balance sheet at December 31, 2020.
Cash Flow Information Related to Leases
The following table presents other information related to the Company’s operating and finance leases and the impact on the Company’s consolidated statement of cash flows:
Years ended
December 31,
2020 2019
Cash paid for amounts included in the measurement of lease liabilities:
Payments on operating leases included in operating cash flows $ 16,135  $ 14,814 
Interest payments under finance lease obligations included in operating cash flows 21  26 
Principal payments under finance lease obligations included in financing cash flows 209  177 
Right-of-use assets obtained in exchange for new lease liabilities (non-cash):
Operating leases 14,439  8,798 
Finance leases 353  —