Leases (Table)

9 Months Ended

Sep. 30, 2021

Amounts included in the Condensed Consolidated Statement of Financial Position (Unaudited) related to leases include:

		September 30,		December 31,
	Classification	2021		2020
Assets:
Operating lease assets	Right of use asset - operating leases	$	30,532	$	18,390
Finance lease assets	Property, plant and equipment, net		9,937		—
Total lease assets		$	40,469	$	18,390

Liabilities:
Current	Operating lease liability - short-term	$	5,369	$	4,359
Long-term	Operating lease liability - long-term		24,989		13,755
Total operating lease liabilities		$	30,358	$	18,114
Current	Finance lease liability - short-term	$	495	$	—
Long-term	Finance lease liability - long-term		9,563		—
Total finance lease liabilities			10,058		—
Total lease liabilities		$	40,416	$	18,114

The components of lease expense include:

		For the Quarter Ended September 30,				For the Nine Months Ended September 30,
Lease Cost	Classification	2021		2020		2021		2020
Operating lease cost ⁽¹⁾	Cost of sales	$	1,374	$	392	$	3,620	$	1,226
Operating lease cost ⁽¹⁾	Selling, general and administrative expenses		618		396		1,713		1,264
Finance lease cost
Amortization expense	Cost of sales		172		—		402		—
Interest expense on lease liabilities	Interest expense, net		90		—		209		—
Total lease cost		$	2,254	$	788	$	5,944	$	2,490

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

Supplemental cash flow information related to leases was as follows:

	For the Nine Months Ended September 30,
Supplemental Cash Flow Information	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,201	$	1,877
Operating cash flows from finance leases	$	209	$	—
Financing cash flows from finance leases	$	281	$	—
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	7,146	$	701
Finance leases	$	10,339	$	—

Lease Term and Discount Rate	September 30, 2021			December 31, 2020
Weighted-average remaining lease term (years):
Operating leases		7.42			5.66
Finance leases		14.42			—
Weighted-average discount rate:
Operating leases		3.4	%		3.7	%
Finance leases		3.5	%		—

Maturity of Lease Liabilities - As of September 30, 2021	Operating Leases			Finance Leases			Total
2021⁽¹⁾	$	1,657		$	210		$	1,867
2022		6,092			840			6,932
2023		5,551			840			6,391
2024		4,107			861			4,968
2025		3,317			865			4,182
After 2025		13,629			9,273			22,902
Total lease payments		34,353			12,889			47,242
Less: interest		(3,995	)		(2,831	)		(6,826	)
Present value of lease liabilities	$	30,358		$	10,058		$	40,416

(1)	Represents amounts due in 2021 after September 30, 2021