Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Components of lease expense, and lease assets and liabilities

The components of lease expense were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Finance lease cost:
Amortization of right-of-use assets (included in depreciation expense)	$	202	$	177	$	396	$	355
Interest on lease liabilities		83		109		175		227
Operating lease cost		3,802		3,997		7,596		8,138
Short-term lease cost		101		137		191		378
Variable lease cost		447		406		914		916
Total lease cost	$	4,635	$	4,826	$	9,272	$	10,014

	Six Months Ended
(in thousands)	June 30, 2021		June 30, 2020
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for finance lease	$	194	$	244
Operating cash flows used for operating leases	$	8,372	$	7,897
Financing cash flows used for finance lease	$	793	$	642
Right-of-use assets obtained in exchange for new operating lease liabilities	$	15,819	$	4,504

The lease assets and liabilities as of June 30, 2021 and December 31, 2020 were as follows (in thousands):

	June 30,			December 31,
	2021			2020
Finance lease right-of-use assets (included in other assets)	$	2,052		$	2,448
Operating lease right-of-use assets	$	89,567		$	79,966
Finance lease liability, current (included in current installments of long-term debt)	$	1,759		$	1,661
Finance lease liability, noncurrent (included in long-term debt)	$	1,940		$	2,832
Operating lease liabilities, current (included in accrued liabilities)	$	12,172		$	11,516
Operating lease liabilities, noncurrent	$	80,580		$	72,120
Weighted average remaining lease term – finance leases	2.5 years			3.0 years
Weighted average remaining lease term – operating leases	9.9 years			10.0 years
Weighted average discount rate – finance leases		9.0	%		9.0	%
Weighted average discount rate – operating leases		4.2	%		4.4	%

Future annual minimum lease payments and finance lease commitments

Future annual minimum lease payments and finance lease commitments as of June 30, 2021 were as follows (in thousands):

Year ending December 31,	Operating Leases			Finance Leases
2021 (remaining six months)	$	7,409		$	1,009
2022		14,494			2,046
2023		13,259			659
2024		11,936			194
2025		10,937			178
2026 and thereafter		56,853			—
Total minimum lease payments	$	114,888		$	4,086
Less: imputed interest		(22,136	)		(387	)
Present value of lease liabilities	$	92,752		$	3,699