Leases (Tables)

12 Months Ended

Dec. 31, 2020


(Dollars in thousands)	2020		2019		Income Statement Location
Lease Cost
Operating lease cost ⁽¹⁾	$	4,716	$	5,318	Selling, general and administrative expenses
Operating lease cost ⁽²⁾		7,406		9,090	Cost of sales
Finance lease cost
Amortization of right-of-use assets		298		233	Cost of sales
Interest of lease liabilities		33		17	Interest expense
Net lease cost	$	12,453	$	14,658

(1)Included in operating lease cost is $0.9 million of short-term lease costs for the years ended December 31, 2020 and 2019, respectively, and $0.4 million of variable lease costs for the years ended December 31, 2020 and 2019, respectively.

(2)Included in operating lease cost is $2.7 million and $2.6 million of short-term lease costs for the years ended December 31, 2020 and 2019, respectively, and $0.7 million and $1.1 million of variable lease costs for the years ended December 31, 2020 and 2019, respectively.

Supplemental Balance Sheet Information Related To Leases


(Dollars in thousands)	2020		2019		Balance Sheet Location
Assets
Operating leased assets	$	15,446	$	20,088	Operating leased assets
Finance leased assets⁽¹⁾		1,410		859	Property, plant and equipment, net
Total leased assets	$	16,856	$	20,947
Liabilities
Current
Operating	$	5,431	$	6,515	Accrued expenses and other current liabilities
Finance		640		438	Loans payable and current portion of long-term debt
Noncurrent
Operating		10,064		14,474	Operating lease non-current liabilities
Finance		2,271		1,867	Long-term debt, less current portion
Total lease liabilities	$	18,406	$	23,294

(1)Finance leases are net of accumulated depreciation of $3.1 million and $3.4 million for December 31, 2020 and 2019, respectively.

Supplemental Cash Flow Information Related To Leases


(Dollars in thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	33	$	17
Operating cash flows from operating leases		7,959		9,757
Financing cash flows from finance leases		331		229
Leased assets obtained in exchange for new finance lease liabilities		961		755
Leased assets obtained in exchange for new operating lease liabilities		4,686		30,411


	2020
Weighted-average remaining lease term (years)
Operating leases		3.9
Finance leases		5.1
Weighted-average discount rate
Operating leases		4.1%
Finance leases		4.7%

Maturities Of Lease Liabilities


	Finance		Operating
(Dollars in thousands)	Leases		Leases
2021	$	773	$	6,967
2022		752		4,167
2023		673		2,222
2024		560		1,183
2025		449		933
Thereafter		457		1,778
Net minimum lease payments	$	3,664	$	17,250
Less: interest		753		1,755
Present value of lease liabilities	$	2,911	$	15,495