Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
9 Months Ended
Sep. 30, 2021
LEASES  
Schedule of components of lease expense

Three Months Ended September 30,

Nine Months Ended September 30,

Lease Cost (in thousands)

2021

2020

2021

2020

Operating lease cost

$

619

$

850

$

1,711

$

2,950

Short-term lease cost

1,051

505

2,484

1,972

Sublease income

(5)

(5)

Total lease cost

$

1,665

$

1,355

$

4,190

$

4,922

Schedule of right-of use assets and lease liabilities

Lease Assets/Liabilities (in thousands)

Balance Sheet Classification

September 30, 2021

December 31, 2020

Lease Assets

Right-of-use assets

Other long-term assets

$

1,583

$

2,029

Lease Liabilities

Short-term lease liabilities

Other current liabilities

$

1,603

$

1,362

Long-term lease liabilities

Other long-term liabilities

673

1,011

Total lease liabilities

$

2,276

$

2,373

Schedule of supplemental information

Nine Months Ended September 30,

(dollars in thousands)

2021

2020

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

Operating cash used by operating leases

$

1,810

$

3,388

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

1,549

2,226

Weighted-average remaining lease term - operating leases

1.47 years

1.71 years

Weighted-average remaining lease term - finance leases

2.48 years

3.48 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

Nine Months Ended September 30,

(in thousands)

Remainder of 2021

$

582

$

2

2022

1,372

6

2023

360

6

2024

103

1

2025

3

Total lease payments

$

2,420

$

15

Less: interest

(159)

Present value of lease liabilities

$

2,261

$

15

Schedule of remaining lease payments under finance leases

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

Operating Leases

Finance Leases

Nine Months Ended September 30,

(in thousands)

Remainder of 2021

$

582

$

2

2022

1,372

6

2023

360

6

2024

103

1

2025

3

Total lease payments

$

2,420

$

15

Less: interest

(159)

Present value of lease liabilities

$

2,261

$

15