Leases

3 Months Ended

Mar. 31, 2021

LEASES

Right of Use Assets and Liabilities

The following table summarizes quantitative information pertaining to the Company’s finance and operating leases.


	Three months ended March 31,
In thousands		2021		2020
Lease Cost
Operating lease cost		$	3,151	$	2,897

Short-term operating lease cost		$	3,045	$	1,667

Finance Lease Cost:
Amortization of leased assets		$	5,888	$	5,973
Interest on lease liabilities		589		1,005



Total finance lease cost		$	6,477	$	6,978

Supplemental cash flow information related to leases was as follows:


	Three months ended March 31,
In thousands		2021		2020
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	6,401	$	4,871
Operating cash flows from finance leases		$	589	$	1,005
Financing cash flows from finance leases		$	5,663	$	5,901

Supplemental balance sheet information related to leases was as follows:


In thousands	March 31, 2021			December 31, 2020
Operating Leases
Other assets, non-current	$	37,881		$	40,511

Accrued liabilities and other	$	11,798		$	12,410
Other long-term liabilities	25,196			27,433
Total operating lease liabilities	$	36,994		$	39,843

Finance Leases
Property and equipment, gross	$	105,945		$	104,433
Accumulated depreciation	(65,662)			(60,272)
Property and equipment, net	$	40,283		$	44,161

Debt, current	$	21,404		$	22,074
Debt, non-current	23,149			25,837
Total finance lease liabilities	$	44,553		$	47,911

Weighted Average Remaining Lease Term
Weighted-average remaining lease term - finance leases	1.28			1.36
Weighted-average remaining lease term - operating leases	3.81			4.00

Weighted Average Discount Rate
Weighted-average discount rate - finance leases	5.30		%	5.37		%
Weighted-average discount rate - operating leases	5.19		%	5.18		%

Minimum future lease payments under finance and operating leases with terms longer than one year are as follows: