LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Components of Leases

The Company has the following balances recorded on its consolidated balance sheets related to leases (in thousands):

	December 31, 2020		December 31, 2019
Assets:
Operating	$	5,171	$	10,570
Finance		4,296		5,685
Total ROU assets(1)	$	9,467	$	16,255
Liabilities:
Current
Operating	$	1,182	$	2,022
Finance		1,416		1,200
Long-term
Operating		3,441		11,495
Finance		2,592		4,302
Total lease liabilities(2)	$	8,631	$	19,019

⁽¹⁾ The Company’s ROU operating assets and finance assets are presented within Other assets and Property and equipment, net of accumulated depreciation, respectively in its consolidated balance sheet.

⁽²⁾ The Company’s current and long-term lease liabilities are presented within Accounts payable and accrued liabilities and Other long-term liabilities, respectively, in its consolidated balance sheet.

Components of Lease Expense

The components of lease expense were as follows (in thousands):

		Year ended December 31,
		2020		2019
Lease cost	Classification
Operating lease costs(1)	General and administrative expense	$	2,967	$	3,628
Finance lease costs
Amortization of leased assets	Depreciation and Amortization		1,215		1,282
Interest on lease liabilities	Interest expense		421		495
Short-term lease costs(2)	General and administrative expense		—		—
Net Lease costs		$	4,603	$	5,405

⁽¹⁾ The Company includes its variable lease costs under operating lease costs as these variable lease costs are immaterial.

⁽²⁾ The Company does not have any short-term leases with lease terms greater than one month.

Maturities of the Company's Lease Liabilities

Maturities of the Company’s lease liabilities as of December 31, 2020 were as follows (in thousands):

Year ending December 31,	Operating			Finance
2021	$	1,615		$	1,791
2022		1,186			1,939
2023		881			643
2024		702			107
2025		595			33
Thereafter		1,092			—
Total	$	6,071		$	4,513
Less: Interest		(1,448	)		(505	)
Present value of lease liabilities	$	4,623		$	4,008

Maturities of the Company’s lease liabilities as of as of December 31, 2019 were as follows (in thousands):

Year ending December 31,	Operating			Finance
2020	$	3,283		$	1,759
2021		2,783			1,838
2022		2,455			2,026
2023		2,190			708
2024		2,046			106
Thereafter		6,348			—
Total	$	19,105		$	6,437
Less: Interest		(5,588	)		(935	)
Present value of lease liabilities	$	13,517		$	5,502