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Note 4 - Leases, Right-to-use Assets and Related Liabilities - Lease Costs (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Amortization of right-of-use assets [1] $ 464 $ 0    
Interest on lease liabilities [2] 297 1 $ 627 $ 2
Operating lease cost 64 11 192 545
Short-Term lease cost 377 376 1,003 556
Variable lease cost [3] 94 36 164 108
Total lease cost 1,296 $ 424 2,916 1,212
Amortization of right-of-use assets $ 400   930 [1] 1 [1]
Operating cash flows from finance leases     627 2
Operating cash flows from operating leases     192 545
Finance cash flows from finance leases     5,975 1
Right-of-use asset purchased with financing leases     28,416 13
Right-of-use asset purchased with operating lease     $ 1,611 $ 0
Weighted-average remaining lease term, finance lease (months) (Month) 225 months 53 months 225 months 53 months
Weighted-average remaining lease term, operating leases (months) (Month) 88 months 10 months 88 months 10 months
Weighted-average discount rate - finance leases [4] 5.00% 21.00% 5.00% 21.00%
Weighted-average discount rate - operating leases [4] 5.00% 12.00% 5.00% 12.00%
[1] Amortization of right-of-use assets of $0.4 million and $0.9 million were capitalized during the three and nine months ended September 30, 2021, respectively, and included in "Property, plant and equipment, net" in the Consolidated Balance Sheets as the related Gevo RNG facilities are still under construction.
[2] Interest on lease liabilities of $0.3 million and $0.6 million were capitalized during the three and nine months ended September 30, 2021, respectively, and included in "Property, plant and equipment, net" in the Consolidated Balance Sheets as the related Gevo RNG facilities are still under construction.
[3] Represents amounts incurred in excess of minimum payments, including payments for common area expenses under our office and research facility lease, and additional amounts due under our Gevo RNG leases based on the number of cows maintained by the owners of the respective facilities.
[4] The discount rate used for operating leases is based on our implicit borrowing rate ("IBR") at the date the Company entered into the lease. The Company estimated the IBR based collateralized borrowings for similar terms and payments.