Leases (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Lease-Related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheets:


(in thousands)	Classification	As of March 31, 2021			As of December 31, 2020
Assets
Non-Current
Operating	Operating lease right-of-use assets	$	54,442		$	53,766
Finance	Property and equipment, net	4,591			4,946
Total lease assets		$	59,033		$	58,712
Liabilities
Current
Operating	Current maturities of operating lease obligations	$	19,210		$	18,758
Financing	Current maturities of finance lease obligations	1,875			2,073
Non-Current
Operating	Operating lease obligations	34,618			34,413
Financing	Finance lease obligations	2,367			2,430
Total lease liabilities		$	58,070		$	57,674
Weighted-average remaining lease term:
Operating leases		4.0 years			4.1 years
Finance leases		2.6 years			2.6 years
Weighted-average discount rate:
Operating leases		3.56		%	3.67		%
Finance leases		5.11		%	5.08		%

Schedule of Lease Costs for Finance and Operating Leases

The table below presents certain information related to the lease costs for finance and operating leases:


		Three months ended March 31,
(in thousands)	Classification	2021		2020
Operating lease cost(1)	Administrative	$	6,350	$	5,572
Finance lease cost
Amortization of leased assets(2)	Cost of sales	792		965
Interest on finance lease obligations	Interest expense, net	55		73
Total lease costs		$	7,197	$	6,610

(1)Includes variable lease costs of $0.7 million and $0.6 million for the three months ended March 31, 2021 and 2020, respectively, and short-term lease costs of $0.3 million and $0.2 million for the three months ended March 31, 2021 and 2020, respectively.

(2)Includes variable lease costs of $0.2 million for each of the three months ended March 31, 2021 and 2020.

The table below presents supplemental cash flow information related to leases (in thousands):


	Three months ended March 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	5,324	$	4,746
Operating cash flows for finance leases	55		73
Financing cash flows for finance leases	530		738

Schedule of Undiscounted Cash Flows Finance Lease Obligations

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years for the finance lease obligations and operating lease obligations recorded on the Condensed Consolidated Balance Sheet as of March 31, 2021 (in thousands):


	Finance Leases		Operating Leases
			Related Party		Other		Total Operating
Remainder of 2021	$	1,762	$	754	$	15,242	$	15,996
2022	1,287		986		15,751		16,737
2023	926		534		10,490		11,024
2024	512		548		4,835		5,383
2025	144		561		2,649		3,210
Thereafter	9		526		5,131		5,657
Total minimum lease payments	4,640		$	3,909	$	54,098	58,007
Less: Amounts representing executory costs	(67)						—
Less: Amounts representing interest	(331)						(4,179)
Present value of future minimum lease payments	4,242						53,828
Less: Current obligation under leases	(1,875)						(19,210)
Long-term lease obligations	$	2,367					$	34,618

Schedule of Undiscounted Cash Flows Operating Lease Obligations


	Finance Leases		Operating Leases
			Related Party		Other		Total Operating
Remainder of 2021	$	1,762	$	754	$	15,242	$	15,996
2022	1,287		986		15,751		16,737
2023	926		534		10,490		11,024
2024	512		548		4,835		5,383
2025	144		561		2,649		3,210
Thereafter	9		526		5,131		5,657
Total minimum lease payments	4,640		$	3,909	$	54,098	58,007
Less: Amounts representing executory costs	(67)						—
Less: Amounts representing interest	(331)						(4,179)
Present value of future minimum lease payments	4,242						53,828
Less: Current obligation under leases	(1,875)						(19,210)
Long-term lease obligations	$	2,367					$	34,618