Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Lease Assets and Liabilities The following table presents the lease balances within the Condensed Consolidated Balance Sheet as of June 30, 2021 and December 31, 2020:
(in thousands) Classification on the Balance Sheet June 30, 2021 December 31, 2020
Assets
Operating lease assets Operating lease right-of-use assets $ 36,349  $ 37,735 
Finance lease assets Property, plant and equipment, net 4,643  5,258 
Liabilities
Current
Operating lease liabilities Current maturities of operating leases 10,102  9,028 
Accrued expenses Current maturities of finance leases 2,084  2,453 
Long-term
Operating lease liabilities Operating lease liabilities 30,605  29,760 
Other long-term liabilities Finance lease liabilities $ 2,559  $ 2,805 
Weighted average remaining lease term
Operating leases 5.8 years 5.4 years
Finance leases 2.6 years 2.3 years
Weighted average discount rate
Operating leases 5.7  % 5.8  %
Finance leases 5.3  % 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 June 30, 2021:
(in thousands) Operating Finance
July 1, 2021 through December 31, 2021 $ 4,535  $ 1,293 
2022 10,995  1,648 
2023 7,722  1,038 
2024 5,700  697 
2025 3,726  215 
Thereafter 16,367  — 
Total undiscounted future minimum lease payments 49,045  4,891 
Less: Difference between lease payments and discounted lease liabilities 8,338  248 
Total lease liabilities $ 40,707  $ 4,643 
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 June 30, 2021:
(in thousands) Operating Finance
July 1, 2021 through December 31, 2021 $ 4,535  $ 1,293 
2022 10,995  1,648 
2023 7,722  1,038 
2024 5,700  697 
2025 3,726  215 
Thereafter 16,367  — 
Total undiscounted future minimum lease payments 49,045  4,891 
Less: Difference between lease payments and discounted lease liabilities 8,338  248 
Total lease liabilities $ 40,707  $ 4,643 
Lease Cash Flow Information Supplemental cash flow information is as follows:
(in thousands) For the six months ended June 30,
2021 2020
Operating cash out flows from operating leases $ 6,484  $ 9,804 
Operating cash out flows from finance leases 45  86 
Financing cash out flows from finance leases 769  1,026 
Total $ 7,298  $ 10,916