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Leases
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Leases

5. Leases

A summary of the Company’s lease portfolio as of March 31, 2021 and December 31, 2020 is presented in the table below:

 

(U.S. Dollars, in thousands)

 

Classification

 

March 31,

2021

 

December 31, 2020

 

Right-of-use assets ("ROU assets")

 

 

 

 

 

 

 

 

 

Operating leases

 

Other long-term assets

 

$

4,498

 

$

4,840

 

Finance leases

 

Property, plant and equipment, net

 

 

20,071

 

 

20,552

 

Total ROU assets

 

 

 

 

24,569

 

 

25,392

 

 

 

 

 

 

 

 

 

 

 

Lease Liabilities

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

 

Operating leases

 

Other current liabilities

 

 

2,078

 

 

2,092

 

Finance leases

 

Current portion of finance lease liability

 

 

2,514

 

 

510

 

Long-term

 

 

 

 

 

 

 

 

 

Operating leases

 

Other long-term liabilities

 

 

2,603

 

 

2,946

 

Finance leases

 

Long-term portion of finance lease liability

 

 

20,283

 

 

22,338

 

Total lease liabilities

 

 

 

$

27,478

 

$

27,886

 

 

Supplemental cash flow information related to leases was as follows:

 

(U.S. Dollars, in thousands)

 

Three Months Ended

March 31, 2021

 

 

Three Months Ended

March 31, 2020

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,147

 

 

$

1,059

 

Operating cash flows from finance leases

 

 

225

 

 

 

229

 

Financing cash flows from finance leases

 

 

127

 

 

 

92

 

ROU assets obtained in exchange for lease obligations

 

 

 

 

 

 

 

 

Operating leases

 

 

248

 

 

 

275

 

Finance leases

 

 

76

 

 

 

1,949