Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of balance sheet information related to leases

Operating and finance lease assets and lease liabilities as reported on the consolidated balance sheets are as follows (dollars in thousands):

		December 31,
	Balance Sheet Classification	2020		2019
Assets
Operating lease assets	Other assets	$	20,231	$	21,279
Finance lease asset	Property and equipment, net	20,874		—
Total lease assets		$	41,105	$	21,279
Liabilities
Lease liabilities, current
Operating lease liabilities, current portion	Accounts payable and accrued liabilities	$	3,760	$	2,825
Finance lease liability, current portion	Other current liabilities	3,761		—
Lease liabilities, long term
Operating lease liabilities, long term	Operating lease liabilities, long term	28,579		30,440
Finance lease liability, long term	Other liabilities	20,235		—
Total lease liabilities		$	56,335	$	33,265

Schedule of lease costs and supplemental cash flow information

The components of operating and finance lease costs are as follows (dollars in thousands):

	December 31,
	2020		2019
Operating lease cost:
Fixed lease cost	$	5,333	$	4,990
Variable lease cost	2,145		1,887
Total	$	7,478	$	6,877
Finance lease cost:
Amortization on finance lease asset	$	1,873	$	—
Interest on lease liability	333		—
Total	$	2,206	$	—

Supplemental cash flow information related to leases is as follows (dollars in thousands):

	December 31,
	2020		2019
Cash paid for operating leases	$	6,949	$	5,337
Cash paid for finance lease	802		—
Lease assets and tenant receivables obtained for new operating leases	2,478		35,594
Lease assets obtained for new finance lease	22,747		—

Weighted average lease term, and weighted average discount rate for operating and finance leases as of December 31, 2020, are as follows:

Operating leases
Weighted-average remaining lease term (years)	11.7
Weighted-average discount rate	4.33	%
Finance lease
Weighted-average remaining lease term (years)	6.4
Weighted-average discount rate	2.47	%

Schedule of maturities of operating lease liabilities

Future minimum lease payments under noncancellable operating and finance leases as of December 31, 2020, are as follows (dollars in thousands):

	Operating Leases		Finance Lease
Year ending December 31:
2021	$	5,066	$	3,946
2022	4,474		3,665
2023	2,701		3,665
2024	2,587		3,665
2025	2,638		3,665
Thereafter	24,145		7,329
Total future minimum lease payments	$	41,611	$	25,935
Less: Imputed interest (1)	(9,272)		(1,939)
Present value of lease liabilities	$	32,339	$	23,996

(1) Calculated using the interest rate for each lease.

Schedule of maturities of financing lease liabilities

Future minimum lease payments under noncancellable operating and finance leases as of December 31, 2020, are as follows (dollars in thousands):

	Operating Leases		Finance Lease
Year ending December 31:
2021	$	5,066	$	3,946
2022	4,474		3,665
2023	2,701		3,665
2024	2,587		3,665
2025	2,638		3,665
Thereafter	24,145		7,329
Total future minimum lease payments	$	41,611	$	25,935
Less: Imputed interest (1)	(9,272)		(1,939)
Present value of lease liabilities	$	32,339	$	23,996

(1) Calculated using the interest rate for each lease.