XML 49 R37.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Table)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Balances Included in Consolidated Statements of Financial Position Related to Leases

Amounts included in the Consolidated Statements of Financial Position related to leases were:

 

 

 

 

December 31,

 

 

December 31,

 

 

Classification

 

2021

 

 

2020

 

Assets:

 

 

 

 

 

 

 

Operating lease assets

Right of use asset - operating leases

 

$

29,285

 

 

$

18,390

 

Finance lease assets

Property, plant and equipment, net

 

 

9,765

 

 

 

 

Total lease assets

 

 

$

39,050

 

 

$

18,390

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

Current

Operating lease liability - short-term

 

$

5,341

 

 

$

4,359

 

Long-term

Operating lease liability - long-term

 

 

23,815

 

 

 

13,755

 

Total operating lease liabilities

 

 

$

29,156

 

 

$

18,114

 

Current

Finance lease liability - short-term

 

$

500

 

 

$

 

Long-term

Finance lease liability - long-term

 

 

9,437

 

 

 

 

Total finance lease liabilities

 

 

 

9,937

 

 

 

 

Total lease liabilities

 

 

$

39,093

 

 

$

18,114

 

Schedule of Lease Expense

The components of lease expense include:

 

 

 

 

 

For the Year Ended December 31,

 

Lease Cost

 

Classification

 

2021

 

 

2020

 

 

2019

 

Operating lease cost (1)

 

Cost of sales

 

$

5,095

 

 

$

2,008

 

 

$

1,744

 

Operating lease cost (1)

 

Selling, general and administrative expenses

 

 

2,328

 

 

 

1,729

 

 

 

1,741

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

Cost of sales

 

 

574

 

 

 

 

 

 

 

Interest expense on lease liabilities

 

Interest expense, net

 

 

298

 

 

 

 

 

 

 

Total lease cost

 

 

 

$

8,295

 

 

$

3,737

 

 

$

3,485

 

 

(1) Includes short-term leases and variable lease costs, which are immaterial

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

For the Year Ended December 31,

 

Supplemental Cash Flow Information

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

5,952

 

 

$

2,683

 

Operating cash flows from finance leases

 

$

298

 

 

$

 

Financing cash flows from finance leases

 

$

402

 

 

$

 

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

 

 

 

 

 

 

Operating leases

 

$

7,438

 

 

$

1,116

 

Finance leases

 

$

10,339

 

 

$

 

 

 

Lease Term and Discount Rate

 

December 31, 2021

 

 

December 31, 2020

 

Weighted-average remaining lease term (years):

 

 

 

 

 

 

Operating leases

 

 

7.27

 

 

 

5.66

 

Finance leases

 

 

14.17

 

 

 

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

3.4

%

 

 

3.7

%

Finance leases

 

 

3.5

%

 

 

 

Maturity of Operating and Finance Lease Liabilities

 

Maturity of Lease Liabilities - As of December 31, 2021

 

Operating Leases

 

 

Finance Leases

 

 

Total

 

2022

 

$

6,233

 

 

$

840

 

 

$

7,073

 

2023

 

 

5,581

 

 

 

840

 

 

 

6,421

 

2024

 

 

4,127

 

 

 

861

 

 

 

4,988

 

2025

 

 

3,334

 

 

 

865

 

 

 

4,199

 

2026

 

 

2,848

 

 

 

865

 

 

 

3,713

 

After 2026

 

 

10,780

 

 

 

8,408

 

 

 

19,188

 

Total lease payments

 

 

32,903

 

 

 

12,679

 

 

 

45,582

 

Less: interest

 

 

(3,747

)

 

 

(2,742

)

 

 

(6,489

)

Present value of lease liabilities

 

$

29,156

 

 

$

9,937

 

 

$

39,093