Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of operating and finance lease assets and liabilities

Operating and finance lease assets and liabilities are as follows:

(in thousands)	Classification	December 31, 2020		December 31, 2019
Assets
Operating	Other long-term assets	$	18,441	$	935
Finance	Property, plant and equipment, net	525		348
Total leased assets		$	18,966	$	1,283
Liabilities
Current
Operating	Accrued expenses and other liabilities	$	1,164	$	193
Finance	Current portion of long-term debt and other borrowings	249		143
Noncurrent
Operating	Other long-term liabilities	17,501		812
Finance	Long-term debt, net and other borrowings	246		186
Total leased liabilities		$	19,160	$	1,334

Schedule of components of lease expense and other information

The components of lease expense were as follows: 

(in thousands)	Year Ended December 31, 2020		Year Ended December 31, 2019
Operating lease expense	$	1,471	$	223
Finance lease expense
Amortization of ROU assets	196		167
Interest on lease liabilities	21		11
Short-term lease expense	70		91
Total lease expense	$	1,758	$	492

Other information related to leases were as follows:

	December 31, 2020	December 31, 2019
Weighted-average remaining lease term (Years):
Operating leases	9.7	4.8
Finance leases	2.4	2.5
Weighted-average discount rate:
Operating leases	4.4%	5.1%
Finance leases	5.3%	5.4%
(in thousands)	Year Ended December 31, 2020	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	1,202	230
Operating cash flows from finance leases	21	11
Financing cash flows from finance leases	207	190
ROU assets obtained in exchange for lease obligations:
Operating leases	19,210	—
Finance leases	373	379

Schedule of future minimum lease payments under operating leases

Future minimum lease payments under non-cancellable leases as of December 31, 2020 were as follows:

(in thousands)	Operating Leases (1)		Finance Leases
2021	$	1,964	$	231
2022	2,213		216
2023	2,255		78
2024	2,297		—
2025	2,340		—
Thereafter	12,170		—
Total future minimum lease payments	23,239		525
Less: interest	4,574		30
Total	$	18,665	$	495

(1)Amounts exclude lease payments of $0.9 million associated with its Puerto Rico subsidiary that is classified as held for sale

Schedule of future minimum lease payments under finance leases

Future minimum lease payments under non-cancellable leases as of December 31, 2020 were as follows:

(in thousands)	Operating Leases (1)		Finance Leases
2021	$	1,964	$	231
2022	2,213		216
2023	2,255		78
2024	2,297		—
2025	2,340		—
Thereafter	12,170		—
Total future minimum lease payments	23,239		525
Less: interest	4,574		30
Total	$	18,665	$	495

(1)Amounts exclude lease payments of $0.9 million associated with its Puerto Rico subsidiary that is classified as held for sale