Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Summary of Right-of-Use Assets and Lease Liabilities

Information related to the Company’s right-of-use assets and related lease liabilities is as follows:

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2021

 

 

June 30, 2020

 

 

June 30, 2021

 

 

June 30, 2020

 

Cash paid for operating lease liabilities

 

$

268

 

 

$

253

 

 

$

533

 

 

$

586

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

 

December 31,

2020

 

Weighted-average remaining lease term

 

13.4 years

 

 

13.2 years

 

Weighted-average discount rate

 

 

7.0

%

 

 

7.5

%

Right-of-use assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows, representing the Company’s right to use the underlying asset for the lease term (“Other assets”) and the Company’s obligation to make lease payments (“Other current liabilities” and “Other liabilities”):

 

 

June 30, 2021

 

 

December 31,

2020

 

Other assets

 

$

4,084

 

 

$

5,261

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

666

 

 

$

573

 

Other liabilities

 

 

3,818

 

 

 

5,172

 

Total lease liabilities

 

$

4,484

 

 

$

5,745

 

Schedule of Future Lease Payments Included in Measurement of Lease Liabilities on Condensed Consolidated Balance Sheet

Future lease payments included in the measurement of lease liabilities on the condensed consolidated balance sheet as of June 30, 2021 for the following five fiscal years and thereafter were as follows:

Due in 12 month period ended June 30,

 

 

 

 

2022

 

$

947

 

2023

 

 

682

 

2024

 

 

445

 

2025

 

 

439

 

2026

 

 

326

 

Thereafter

 

 

3,829

 

 

 

$

6,668

 

Less imputed interest

 

 

(2,184

)

Total lease liabilities

 

$

4,484