Lease Arrangements (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Components of Lease Expense

For the three months ended March 31, 2022 and 2021, the components of lease expense recorded within Selling, General and Administrative expenses are as follows:

	Three Months Ended March 31,
(In thousands of U.S. Dollars)	2022		2021
Operating lease cost (1)	$	160	$	172
Amortization of lease assets		693		748
Interest on lease liabilities		215		242
Total lease cost	$	1,068	$	1,162

(1)Includes short-term leases and variable lease costs, which are not significant for the three months ended March 31, 2022 and 2021.

Supplemental Cash and Non-Cash Flow Information Related to Leases

For the three months ended March 31, 2022 and 2021, supplemental cash and non-cash information related to leases is as follows:

	Three Months Ended March 31,
(In thousands of U.S. Dollars)		2022			2021
Cash paid for amounts included in the measurement of lease liabilities	$		945	$		956
Right-of-use assets obtained in exchange for lease obligations	$		217	$		198

Lessee Operating Lease Balance Sheet Amounts and Lines

As of March 31, 2022 and December 31, 2021, supplemental balance sheet information related to leases is as follows:

		March 31,		December 31,
(In thousands of U.S. Dollars)		2022		2021
Assets	Balance Sheet Classification
Right-of-use assets	Property, plant and equipment	$	11,650	$	12,132
Liabilities	Balance Sheet Classification
Operating leases	Accrued and other liabilities	$	14,130	$	14,691

Lessee Operating Leases Weighted Average Remaining Lease Term and Weighted Average Interest Rate

As of March 31, 2022 and December 31, 2021, the weighted-average remaining lease term and weighted-average interest rate associated with the Company’s operating leases are as follows:

	March 31,			December 31,
	2022			2021
Weighted-average remaining lease term (years)		6.8			7.0
Weighted-average discount rate		5.99	%		5.97	%

Lessee Operating Lease, Maturity

As of March 31, 2022, the maturities of the Company’s operating lease liabilities are as follows:

(In thousands of U.S. Dollars)
2022 (nine months remaining)	$	2,598
2023		2,461
2024		2,234
2025		2,084
2026		2,062
Thereafter		5,953
Total lease payments	$	17,392
Less: interest expense		(3,262	)
Present value of operating lease liabilities	$	14,130

Schedule of Maturities of Lease Receivables

The following lease payments are expected to be received by the Company for its sales-type leases and joint revenue sharing arrangements in each of the next five years and thereafter following the March 31, 2022 balance sheet date:

	Sales-Type		Joint Revenue
(In thousands of U.S. Dollars)	Leases		Sharing Arrangements
2022 (nine months remaining)	$	2,690	$	142
2023		3,182		128
2024		3,094		—
2025		2,940		—
2026		2,702		—
Thereafter		14,651		—
Total	$	29,259	$	270