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Leases
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases

17.  Leases

Information related to our leases as of December 31, 2020 and 2019 are presented below:

 

 

 

2020

 

 

2019

 

 

 

(Dollars In Thousands)

 

Components of lease expense:

 

 

 

 

 

 

 

 

Operating lease cost

 

$

7,611

 

 

$

7,270

 

Short-term lease cost

 

 

4,372

 

 

 

2,665

 

Other cost (1)

 

 

75

 

 

 

64

 

Total lease cost

 

$

12,058

 

 

$

9,999

 

Supplemental cash flow information related to leases:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

7,782

 

 

$

7,677

 

Operating cash flows from finance leases

 

 

15

 

 

 

16

 

Financing cash flows from finance leases

 

 

45

 

 

 

61

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

7,842

 

 

$

7,754

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

17,064

 

 

$

5,967

 

Other lease-related information:

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (in years)

 

 

4.3

 

 

 

4.6

 

Weighted-average remaining lease term - finance leases (in years)

 

 

4.1

 

 

 

3.8

 

Weighted-average discount rate - operating leases

 

 

8.26

%

 

 

8.70

%

Weighted-average discount rate - finance leases

 

 

8.65

%

 

 

8.94

%

 

(1) Includes variable and finance lease costs.

Additionally, under ASC 840, expenses associated with our operating leases agreements, including month-to-month leases, were $10,235,000 in 2018.

At December 31, 2020, future minimum operating lease payments due under ASC 842 are summarized by fiscal year in the table below:

 

 

 

Operating Leases

 

 

 

(In thousands)

 

2021

 

$

8,585

 

2022

 

 

7,398

 

2023

 

 

6,422

 

2024

 

 

4,799

 

2025

 

 

2,319

 

Thereafter

 

 

1,945

 

Total lease payments

 

 

31,468

 

Less imputed interest

 

 

(4,917

)

Present value of lease liabilities

 

$

26,551

 

 

As of December 31, 2020, we did not have any executed operating leases with lease terms greater than one year that have not yet commenced.