LEASES (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Assets and Liabilities, Lessee

Leased assets and liabilities included within the Condensed Consolidated Balance Sheets consist of the following (in thousands):

	Classification	September 30, 2020		December 31, 2019
Right-of-Use Assets
Operating	Other assets	$	11,987	$	14,246
Finance	Property, plant and equipment, net of depreciation	2,837		2,945
Total leased ROU assets		$	14,824	$	17,191
Liabilities
Current
Operating	Other accrued liabilities	$	4,346	$	4,369
Finance	Current portion of finance lease obligations	342		327
Noncurrent
Operating	Non-current liabilities	7,883		10,041
Finance	Finance lease obligations	119		378
Total lease liabilities		$	12,690	$	15,115

Lease, Cost

Lease costs included in the Condensed Consolidated Statements of Operations consist of the following (in thousands):

	Classification	Three Months Ended September 30, 2020		Three Months Ended September 30, 2019
Operating lease cost	Cost of sales, selling expenses and general and administrative expense	$	1,217	$	1,200
Finance lease cost
Amortization of ROU leased assets	Depreciation and amortization within Cost of sales	36		36
Interest on lease liabilities	Interest expense	11		16
Net lease cost		$	1,264	$	1,252

	Classification	Nine Months Ended September 30, 2020		Nine Months Ended September 30, 2019
Operating lease cost	Cost of sales, selling expenses and general and administrative expense	$	3,844	$	3,398
Finance lease cost
Amortization of ROU leased assets	Depreciation and amortization	108		108
Interest on lease liabilities	Interest expense	44		51
Net lease cost		$	3,996	$	3,557

Remaining lease term and discount rates are as follows:

	September 30, 2020		December 31, 2019
Weighted average remaining lease term (years)
Operating leases	3.7		4.0
Finance leases	1.3		2.1
Weighted average discount rate
Operating leases	5.06	%	5.17	%
Finance leases	6.16	%	6.16	%

Lease costs included in the Condensed Consolidated Statements of Cash Flows are as follows (in thousands):

	Nine Months Ended September 30, 2020		Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	3,820	$	3,271
Operating cash flows from finance leases	$	27	$	42
Financing cash flows from finance leases	$	244	$	230

Operating Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of September 30, 2020 is as follows (in thousands):

	Operating Leases		Finance Leases		Total
2020 (remainder)	$	1,290	$	90	$	1,380
2021	4,580		361		4,941
2022	3,032		30		3,062
2023	2,183		—		2,183
2024	1,085		—		1,085
Thereafter	1,258		—		1,258
Total lease payments	$	13,428	$	481	$	13,909
Less: interest	1,199		20
Present value of lease payments	$	12,229	$	461

Finance Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of September 30, 2020 is as follows (in thousands):

	Operating Leases		Finance Leases		Total
2020 (remainder)	$	1,290	$	90	$	1,380
2021	4,580		361		4,941
2022	3,032		30		3,062
2023	2,183		—		2,183
2024	1,085		—		1,085
Thereafter	1,258		—		1,258
Total lease payments	$	13,428	$	481	$	13,909
Less: interest	1,199		20
Present value of lease payments	$	12,229	$	461