Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2021
LEASES  
Schedule of components of lease expense

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

Lease Cost/(Sublease Income) (in thousands)

 

2021

 

2020

Operating lease cost

 

$

555

 

$

1,219

Short-term lease cost

 

 

620

 

 

835

Total lease cost

 

$

1,175

 

$

2,054

 

Schedule of right-of use assets and lease liabilities

 

 

 

 

 

 

 

 

 

Lease Assets/Liabilities (in thousands)

 

Balance Sheet Classification

 

March 31, 2021

 

December 31, 2020

Lease Assets 

 

 

 

 

 

 

 

 

Right-of-use assets

 

Other long-term assets

 

$

2,018

 

$

2,029

 

 

 

 

 

 

 

 

 

Lease Liabilities

 

 

 

 

 

 

 

 

Short-term lease liabilities

 

Other current liabilities

 

$

1,528

 

$

1,362

Long-term lease liabilities

 

Other long-term liabilities

 

 

802

 

 

1,011

Total lease liabilities

 

 

 

$

2,330

 

$

2,373

 

Schedule of supplemental information

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

(dollars in thousands)

 

2021

 

2020

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash used by operating leases

 

$

578

 

$

1,231

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

491

 

 

1,001

Weighted-average remaining lease term - operating leases

 

 

1.80 years

 

 

1.83 years

Weighted-average remaining lease term - finance leases

 

 

3.23 years

 

 

3.98 years

Weighted-average discount rate - operating leases

 

 

9%

 

 

9%

Weighted-average discount rate - finance leases

 

 

9%

 

 

9%

 

Schedule of remaining lease payments under operating leases

 

 

 

 

 

 

 

 

 

Operating Leases

 

Finance Leases

Three Months Ended March 31, 2021

 

(in thousands)

Remainder of 2021

 

$

1,438

 

$

 4

2022

 

 

950

 

 

 6

2023

 

 

207

 

 

 6

2024

 

 

 6

 

 

 1

2025

 

 

 3

 

 

 -

Total lease payments

 

$

2,604

 

$

17

Less: interest

 

 

(291)

 

 

 -

Present value of lease liabilities

 

$

2,313

 

$

17

 

Schedule of remaining lease payments under finance leases

Total remaining lease payments under the Company’s operating and finance leases are as follows:

 

 

 

 

 

 

 

 

 

Operating Leases

 

Finance Leases

Three Months Ended March 31, 2021

 

(in thousands)

Remainder of 2021

 

$

1,438

 

$

 4

2022

 

 

950

 

 

 6

2023

 

 

207

 

 

 6

2024

 

 

 6

 

 

 1

2025

 

 

 3

 

 

 -

Total lease payments

 

$

2,604

 

$

17

Less: interest

 

 

(291)

 

 

 -

Present value of lease liabilities

 

$

2,313

 

$

17