Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Components of lease expense, and lease assets and liabilities

The components of lease expense were as follows:

	Three Months Ended March 31,
(in thousands)	2021		2020
Finance lease cost:
Amortization of right-of-use assets (included in depreciation expense)	$	194	$	178
Interest on lease liabilities		92		118
Operating lease cost		3,794		4,141
Short-term lease cost		90		241
Variable lease cost		467		510
Total lease cost	$	4,636	$	5,188
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for finance lease	$	103	$	127
Operating cash flows used for operating leases	$	4,285	$	3,988
Financing cash flows used for finance lease	$	380	$	312
Right-of-use assets obtained in exchange for new operating lease liabilities	$	12,124	$	4,183

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

	March 31,			December 31,
	2021			2020
Finance lease right-of-use assets (included in other assets)	$	2,254		$	2,448
Operating lease right-of-use assets	$	88,915		$	79,966
Finance lease liability, current (included in current installments of long-term debt)	$	1,709		$	1,661
Finance lease liability, noncurrent (included in long-term debt)	$	2,403		$	2,832
Operating lease liabilities, current (included in accrued liabilities)	$	12,318		$	11,516
Operating lease liabilities, noncurrent	$	79,659		$	72,120
Weighted average remaining lease term – finance leases	2.8 years			3.0 years
Weighted average remaining lease term – operating leases	10.1 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 March 31, 2021 were as follows (in thousands):

Year ending December 31,	Operating Leases			Finance Leases
2021 (remaining nine months)	$	11,278		$	1,514
2022		13,898			2,046
2023		12,483			659
2024		11,152			194
2025		10,136			178
2026 and thereafter		55,544			—
Total minimum lease payments	$	114,491		$	4,591
Less: imputed interest		(22,514	)		(479	)
Present value of lease liabilities	$	91,977		$	4,112