XML 18 R9.htm IDEA: XBRL DOCUMENT v3.21.2
LEASES
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
LEASES LEASES
The Company determines whether an arrangement is a lease at its inception. Operating leases relate primarily to office space and manufacturing facilities with remaining lease terms of one year to seven years, some of which include options to extend the lease term for up to five years. Management considered the options in determining the lease term used to establish the Company's ROU assets and lease liabilities.

As most of the Company's leases do not provide an implicit rate, the Company's incremental borrowing rate based on the information available at lease commencement date was used to determine the present value of lease payments.

Components of lease cost are as follows:
Three Months EndedNine Months Ended
(in thousands)September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Finance lease cost:
Amortization of leased asset$— $18 $16 $54 
Interest on lease liabilities— 5 5 17 
Operating lease cost1 169 56 668 
Short-term lease cost— 235 53 476 
Total lease cost$1 $427 $130 $1,215