Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Schedule of Maturity of Finance Lease Liability

At March 31, 2021, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2021 (Remaining nine months)	$	3,231	$	143	$	3,374
2022	3,429		160		3,589
2023	2,972		99		3,071
2024	1,605		77		1,682
2025	974		—		974
Thereafter	460		—		460
Total	12,671		479		13,150
Less: present value discount*	(1,188)		(41)		(1,229)
Present value of lease liabilities	11,483		438		11,921
Less: current portion of lease liabilities	(3,572)		(167)		(3,739)
Total long-term lease liabilities	$	7,911	$	271	$	8,182
* The discount rate used was the incremental borrowing rates respective to the country where the assets are located.

Schedule of Maturity of Operating Lease Liability

At March 31, 2021, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2021 (Remaining nine months)	$	3,231	$	143	$	3,374
2022	3,429		160		3,589
2023	2,972		99		3,071
2024	1,605		77		1,682
2025	974		—		974
Thereafter	460		—		460
Total	12,671		479		13,150
Less: present value discount*	(1,188)		(41)		(1,229)
Present value of lease liabilities	11,483		438		11,921
Less: current portion of lease liabilities	(3,572)		(167)		(3,739)
Total long-term lease liabilities	$	7,911	$	271	$	8,182
* The discount rate used was the incremental borrowing rates respective to the country where the assets are located.

Schedule of Lease, Cost

The lease cost is recognized in our Condensed Consolidated Statement of Income in the category of General and Administrative and is summarized as follows:

	Three Months Ended
	March 31,
	2021		2020
	(in thousands)
Operating Lease Cost	$	1,439	$	2,082
Finance Lease Cost:
Amortization of Lease Assets	39		44
Interest on Lease Liabilities	7		11
Finance Lease Cost	46		55
Sublease Income	(38)		(112)
Total Net Lease Cost	$	1,447	$	2,025

Schedule of Other Operating and Finance Lease Information

Other information about lease amounts recognized in our Condensed Consolidated Statement of Income is summarized as follows:

	March 31, 2021
Weighted Average Lease Term - Operating Leases	3.6 years
Weighted Average Lease Term - Finance Leases	3.0 years
Weighted Average Discount Rate - Operating Leases	8.0	%
Weighted Average Discount Rate - Finance Leases	7.1	%

Schedule of Other Commitments

Such arrangements represent further commitments of approximately $57.4 million as follows:

Year	Commitments
	(in thousands)
2021 (Remaining nine months)	$	15,661
2022	20,881
2023	20,867
Thereafter	—
Total	$	57,409