Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Financing and Operating Leases

The table below presents the lease-related assets and liabilities recorded in the Condensed Consolidated Balance Sheet:

 

    Classification on the Balance Sheet   March 31, 2021  
        (unaudited)  
Assets            
Financing lease assets   Property and equipment, net   $ 690  
Operating lease assets   Operating lease right of use assets        3,980  
Total lease assets       $ 4,670  
             
Liabilities            
Current            
Financing lease liabilities   Other accrued expenses   $ 150  
Operating lease liabilities   Other accrued expenses     894  
Total current lease liabilities       $ 1,044  
Noncurrent            
Financing lease liabilities   Other long-term liabilities     112  
Operating lease liabilities   Operating lease liabilities, net of current portion     3,326  
Total long-term lease liabilities         3,438  
Total lease liabilities       $ 4,482  

Schedule of Maturities of Operating and Financing Lease Liabilities

The table below reconciles the cash flows to the lease liabilities recorded on the Company’s Condensed Consolidated Balance Sheet as of March 31, 2021:

 

    Operating Leases     Financing Leases  
2021     822       133  
2022     1,028       78  
2023     629       65  
2024     390       -  
2025-2030     2,327       -  
Total minimum lease payments     5,196       276  
Less: amount of lease payments representing effects of discounting     976       14  
Present value of future minimum lease payments     4,220       262  
Less: current obligations under leases     894       150  
Long-term lease obligations   $ 3,326     $ 112  
Schedule of Future Minimum Lease Payments Under Non-Cancelable Leases

As of March 31, 2021, contractual obligations with terms exceeding one year and estimated minimum future rental payments required by non-cancelable operating leases with initial or remaining lease terms exceeding one year were as follows:

 

          Less than     1 to 3     3 to 5     After  
    Total     1 Year     Years     Years     5 Years  
Operating lease obligations   $ 5,196     $ 822     $ 1,657     $ 793     $ 1,924  
Total   $ 5,196     $ 822     $ 1,657     $ 793     $ 1,924