Leases as Lessee (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Summary of Lease Expense

The components of lease expense are as follows:

(in $000s)	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Operating lease cost	$	2,036	$	4,824
Finance lease cost:
Amortization of lease assets	$	800	$	2,158
Interest on lease liabilities	$	281	$	876
Short-term lease cost	$	1,111	$	3,034
Sublease income	$	(2,219)	$	(4,787)
Total lease cost	$	2,009	$	6,105

Supplemental cash flow information related to leases is as follows:

(in $000s)	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - payments on operating leases	$	2,036	$	4,824
Operating cash outflows - interest payments on finance leases	$	281	$	876
Finance cash outflows - payments on finance lease obligations	$	1,803	$	4,382

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows:

(in $000s)	September 30, 2021
Operating leases
Operating lease assets	$	37,117
Operating lease liabilities - current	$	(5,006)
Operating lease liabilities - noncurrent	(32,425)
Total operating lease liabilities	$	(37,431)
Finance leases
Property and equipment	$	3,535
Accumulated depreciation	(62)
Property and equipment, net	$	3,473
Rental equipment	$	18,715
Accumulated depreciation	(8,083)
Rental equipment, net	$	10,632

Summary of Operating Lease Maturity

Maturities of lease liabilities as of September 30, 2021 are as follows:

(in $000s)	Operating Leases		Finance Leases
2021 (October 1 - December 31)	$	1,807	$	1,067
2022	6,857		4,326
2023	6,521		1,901
2024	5,765		3,224
2025	5,051		9
Thereafter	24,820		—
Total lease payments	50,821		10,527
Less: imputed interest	(13,390)		(665)
Total present value of lease liabilities	$	37,431	$	9,862

Summary of Finance Lease Maturity

Maturities of lease liabilities as of September 30, 2021 are as follows:

(in $000s)	Operating Leases		Finance Leases
2021 (October 1 - December 31)	$	1,807	$	1,067
2022	6,857		4,326
2023	6,521		1,901
2024	5,765		3,224
2025	5,051		9
Thereafter	24,820		—
Total lease payments	50,821		10,527
Less: imputed interest	(13,390)		(665)
Total present value of lease liabilities	$	37,431	$	9,862