Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

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 June 30, 2021			As of December 31, 2020
Assets
Non-Current
Operating	Operating lease right-of-use assets	$	60,310		$	53,766
Finance	Property and equipment, net	4,836			4,946
Total lease assets		$	65,146		$	58,712
Liabilities
Current
Operating	Current maturities of operating lease obligations	$	20,489		$	18,758
Financing	Current maturities of finance lease obligations	1,822			2,073
Non-Current
Operating	Operating lease obligations	39,188			34,413
Financing	Finance lease obligations	2,756			2,430
Total lease liabilities		$	64,255		$	57,674
Weighted-average remaining lease term:
Operating leases		4.1 years			4.1 years
Finance leases		3.0 years			2.6 years
Weighted-average discount rate:
Operating leases		3.42		%	3.67		%
Finance leases		5.02		%	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 June 30,				Six months ended June 30,
(in thousands)	Classification	2021		2020		2021		2020
Operating lease cost(1)	Administrative	$	6,671	$	5,640	$	13,021	$	11,212
Finance lease cost
Amortization of leased assets(2)	Cost of sales	781		941		1,573		1,906
Interest on finance lease obligations	Interest expense, net	52		70		107		143
Total lease costs		$	7,504	$	6,651	$	14,701	$	13,261

(1)Includes variable lease costs of $0.8 million and $0.6 million for the three months ended June 30, 2021 and 2020, respectively, and $1.5 million and $1.2 million for the six months ended June 30, 2021 and 2020, respectively, and short-term lease costs of $0.3 million and $0.2 million for the three months ended June 30, 2021 and 2020, respectively, and $0.5 million and $0.4 million for the six months ended June 30, 2021 and 2020, respectively.

(2)Includes variable lease costs of $0.2 million for each of the three months ended June 30, 2021 and 2020, and $0.4 million for each of the six months ended June 30, 2021 and 2020.

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

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	5,618	$	4,806	$	10,942	$	9,552
Operating cash flows for finance leases	52		70		107		143
Financing cash flows for finance leases	512		654		1,041		1,392

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 June 30, 2021 (in thousands):

	Finance Leases		Operating Leases
			Related Party		Other		Total Operating
Remainder of 2021	$	1,270	$	677	$	10,801	$	11,478
2022	1,496		1,341		18,473		19,814
2023	1,110		900		13,083		13,983
2024	701		640		6,696		7,336
2025	332		561		3,704		4,265
Thereafter	93		526		6,824		7,350
Total minimum lease payments	5,002		$	4,645	$	59,581	64,226
Less: Amounts representing executory costs	(50)						—
Less: Amounts representing interest	(374)						(4,549)
Present value of future minimum lease payments	4,578						59,677
Less: Current obligation under leases	(1,822)						(20,489)
Long-term lease obligations	$	2,756					$	39,188

Schedule of Undiscounted Cash Flows Operating 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 June 30, 2021 (in thousands):

	Finance Leases		Operating Leases
			Related Party		Other		Total Operating
Remainder of 2021	$	1,270	$	677	$	10,801	$	11,478
2022	1,496		1,341		18,473		19,814
2023	1,110		900		13,083		13,983
2024	701		640		6,696		7,336
2025	332		561		3,704		4,265
Thereafter	93		526		6,824		7,350
Total minimum lease payments	5,002		$	4,645	$	59,581	64,226
Less: Amounts representing executory costs	(50)						—
Less: Amounts representing interest	(374)						(4,549)
Present value of future minimum lease payments	4,578						59,677
Less: Current obligation under leases	(1,822)						(20,489)
Long-term lease obligations	$	2,756					$	39,188