Leases

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Leases

18.Leases

The Company has operating and finance leases for office space, equipment and vehicles.

Leases recorded on the balance sheet consists of the following:

	March 31,		December 31,
Leases	2021		2020
Assets
Operating lease right-of-use assets, net (1)	$	17,480	$	18,874
Financing lease right-of-use assets, net (2)		12,097		12,858
Total assets	$	29,577	$	31,732
Liabilities
Current
Operating	$	4,777	$	4,989
Financing		2,878		3,901
Total current		7,655		8,890
Noncurrent
Operating		13,512		14,537
Financing		8,680		8,376
Total noncurrent		22,192		22,913
Total liabilities	$	29,847	$	31,803

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of $10.0 million and $9.0 million as of March 31, 2021 and December 31, 2020, respectively.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $5.1 million and $6.4 million as of March 31, 2021 and December 31, 2020, respectively.

Other information related to lease term and discount rate is as follows:

	March 31,		December 31,
	2021		2020
Weighted Average Remaining Lease Term (in years)
Operating leases	5.22		5.25
Financing leases	5.17		4.96
Weighted Average Discount Rate
Operating leases (1)	4.74	%	4.73	%
Financing leases	4.39	%	4.46	%

(1) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019.

The components of lease expense are as follows:

	Three Months Ended March 31,
	2021		2020
Operating lease costs:
Operating lease cost	$	1,654	$	1,614
Short-term lease cost (1)		690		1,161
Financing lease costs:
Interest on lease liabilities		126		106
Amortization of right-of-use assets		781		700
Total lease cost	$	3,251	$	3,581

(1) Includes expenses related to leases with a lease term of more than one month but less than one year.

Supplemental cash flow information related to leases is as follows:

	Three Months Ended March 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,498	$	1,585
Operating cash flows for finance leases	$	126	$	106
Financing cash flows for finance leases	$	732	$	942
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	165	$	2,076
ROU assets obtained in exchange for new financing lease liabilities	$	752	$	8,412

Maturities of lease liabilities are summarized as follows:

	Operating Leases		Finance Leases
Year ending December 31,
2021 (excluding the three months ended March 31, 2021)	$	4,184	$	3,553
2022		4,313		1,530
2023		3,239		2,123
2024		2,530		1,563
2025		2,354		1,174
Thereafter		4,146		3,161
Total future minimum lease payments		20,766		13,104
Less - amount representing interest		2,477		1,546
Present value of future minimum lease payments		18,289		11,558
Less - current lease obligations		4,777		2,878
Long-term lease obligations	$	13,512	$	8,680