XML 49 R33.htm IDEA: XBRL DOCUMENT v3.21.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease Cost
The components of lease expense were as follows:
($ in thousands)Classification in the Condensed Consolidated Statements of IncomeThree Months Ended March 31,
20212020
Operating lease cost (a)Cost of sales, exclusive of depreciation and amortization$1,049 $920 
Operating lease cost (a)Selling, general and administrative34 48 
Total lease cost $1,083 $968 
(a) Short-term lease costs were approximately $0.2 million and $0.1 million for the three months ended March 31, 2021 and 2020, respectively.
Three Months Ended
March 31,
($ in thousands)20212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases$903 $947 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$19 $— 
 March 31, 2021March 31, 2020
Weighted-average remaining lease term (in years): 
Operating leases3.54.3
Weighted-average discount rate:
Operating leases4.5 %4.5 %
Schedule of Lease Assets and Liabilities
($ in thousands)Classification on the Condensed Consolidated Balance SheetsMarch 31, 2021December 31, 2020
Assets: 
OperatingOperating lease assets$9,757 $10,528 
Total lease right-of-use assets, net $9,757 $10,528 
Liabilities: 
Current: 
OperatingCurrent portion of operating lease liabilities$3,219 $3,195 
Noncurrent: 
OperatingOperating lease liabilities6,538 7,333 
Total lease liabilities $9,757 $10,528 
Operating Lease Maturities
As of March 31, 2021, maturities of lease liabilities were as follows:
($ in thousands)Operating Leases
2021$2,691 
20223,273 
20232,380 
20241,066 
2025995 
Thereafter118 
Total lease payments$10,523 
Less: Interest766 
Total lease obligations$9,757