XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Components of Lease Costs

The components of the lease costs for the three months ended March 31, 2021 and 2020, were as follows (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Operating lease costs

 

$

524

 

 

$

889

 

Finance lease costs:

 

 

 

 

 

 

 

 

Amortization of right-to-use assets, finance leases

 

 

178

 

 

 

176

 

Interest expense for finance lease liabilities

 

 

24

 

 

 

34

 

Variable lease costs

 

 

232

 

 

 

107

 

Total lease costs

 

$

958

 

 

$

1,206

 

Supplemental Cash Flow Information Relating to Leases

Supplemental cash flow information relating to the Company’s leases for the three months ended March 31, 2021 and 2020 was as follows (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement

   of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows used in (provided by)

   operating leases

 

$

797

 

 

$

(1,513

)

Operating cash flows used in finance leases

 

$

155

 

 

$

142

 

Financing cash flows used in finance leases

 

$

24

 

 

$

34

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

 

Weighted average remaining lease terms and discount rates as of March 31, 2021 and 2020 were as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Remaining lease term:

 

 

 

 

 

 

 

 

Operating lease

 

 

9.09

 

 

 

9.87

 

Finance lease

 

 

2.60

 

 

 

3.47

 

Discount Rate:

 

 

 

 

 

 

 

 

Operating lease

 

 

10.50

%

 

 

10.45

%

Finance lease

 

 

8.12

%

 

 

7.71

%

Summary of Undiscounted Future Lease Payments for Operating and Finance Leases

The undiscounted future lease payments for operating and finance leases as of March 31, 2021, were as follows (in thousands):

 

Fiscal Year

 

Operating

Leases

 

 

Finance

Leases

 

2021 (excluding the first quarter)

 

$

1,893

 

 

$

534

 

2022

 

 

2,581

 

 

 

459

 

2023

 

 

2,659

 

 

 

245

 

2024

 

 

2,732

 

 

 

 

2025

 

 

2,814

 

 

 

 

Thereafter

 

 

12,925

 

 

 

 

Total minimum lease payments

 

 

25,604

 

 

 

1,238

 

Less amounts representing interest or imputed interest

 

 

(9,272

)

 

 

(100

)

Present value of lease liabilities

 

$

16,332

 

 

$

1,138