LEASES (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Leases [Abstract] |
|
| Schedule of ROU Assets and Liabilities |
The following is a summary of the Company's ROU assets and liabilities at December 31:
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
2021 |
2020 |
|
|
| Operating Leases: |
|
|
|
|
| Operating Right-of-Use Assets, Gross |
$ |
30,318 |
|
$ |
28,678 |
|
|
|
| Less Accumulated Right-of-Use Asset Impairment |
1,710 |
|
1,710 |
|
|
|
| Less Accumulated Amortization |
12,439 |
|
8,015 |
|
|
|
| Operating Right-of-Use Assets, Net |
$ |
16,169 |
|
$ |
18,953 |
|
|
|
| Short-term Operating Lease Liabilities |
$ |
6,778 |
|
$ |
4,998 |
|
|
|
| Long-term Operating Lease Liabilities |
12,018 |
|
16,637 |
|
|
|
| Operating Lease Liabilities |
$ |
18,796 |
|
$ |
21,635 |
|
|
|
|
|
|
|
|
| Finance Leases: |
|
|
|
|
| Finance Right-of-Use Assets, Gross |
$ |
177 |
|
$ |
3,484 |
|
|
|
| Less Accumulated Amortization |
106 |
|
2,039 |
|
|
|
| Finance Right-of-Use Assets, Net — Included in Other Assets |
$ |
71 |
|
$ |
1,445 |
|
|
|
Short-term Finance Lease Liabilities — Included in Other Accrued Expenses |
$ |
72 |
|
$ |
2,081 |
|
|
|
| Long-term Finance Lease Liabilities — Included in Other Liabilities |
— |
|
734 |
|
|
|
| Finance Lease Liabilities |
$ |
72 |
|
$ |
2,815 |
|
|
|
|
| Summary of Lease Costs and Cash Paid |
The following is a summary of the Company's total lease costs as of December 31:
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
2021 |
2020 |
| Finance Lease Cost: |
|
|
|
| Amortization of ROU Assets |
|
$ |
573 |
|
$ |
1,020 |
|
| Interest on Lease Liabilities |
|
78 |
214 |
| Total Finance Lease Cost |
|
651 |
|
1,234 |
|
| Operating Lease Cost |
|
5,881 |
5,292 |
| Impairment Charge of Operating Lease ROU Asset |
|
— |
|
691 |
| Variable Lease Cost |
|
1,546 |
1,358 |
| Short-term Lease Cost (excluding month-to-month) |
|
271 |
175 |
| Less Sublease and Rental Income |
|
(1,265) |
|
(1,437) |
|
| Total Operating Lease Cost |
|
6,433 |
|
6,079 |
|
| Total Net Lease Cost |
|
$ |
7,084 |
|
$ |
7,313 |
|
The following is a summary of cash paid for amounts included in the measurement of lease liabilities as of December 31:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
2021 |
2020 |
|
|
| Operating Cash Flow for Finance Leases |
|
$ |
78 |
|
$ |
214 |
|
|
|
| Operating Cash Flow for Operating Leases |
|
$ |
6,711 |
|
$ |
5,334 |
|
|
|
| Financing Cash Flow for Finance Leases |
|
$ |
901 |
|
$ |
1,922 |
|
|
|
|
| Summary of Maturity of Lease Liabilities, Operating Leases |
The following is a summary of the Company's maturity of lease liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
Operating Leases |
|
Financing Leases |
| 2022 |
|
$ |
7,296 |
|
|
$ |
72 |
|
| 2023 |
|
3,879 |
|
|
— |
|
| 2024 |
|
2,886 |
|
|
— |
|
| 2025 |
|
2,808 |
|
|
— |
|
| 2026 |
|
1,210 |
|
|
— |
|
| Thereafter |
|
2,151 |
|
|
— |
|
| Total Lease Payments |
|
$ |
20,230 |
|
|
$ |
72 |
|
| Less: Interest |
|
1,434 |
|
|
— |
|
| Total Lease Liability |
|
$ |
18,796 |
|
|
$ |
72 |
|
|
| Summary of Maturity of Lease Liabilities, Financing Leases |
The following is a summary of the Company's maturity of lease liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
Operating Leases |
|
Financing Leases |
| 2022 |
|
$ |
7,296 |
|
|
$ |
72 |
|
| 2023 |
|
3,879 |
|
|
— |
|
| 2024 |
|
2,886 |
|
|
— |
|
| 2025 |
|
2,808 |
|
|
— |
|
| 2026 |
|
1,210 |
|
|
— |
|
| Thereafter |
|
2,151 |
|
|
— |
|
| Total Lease Payments |
|
$ |
20,230 |
|
|
$ |
72 |
|
| Less: Interest |
|
1,434 |
|
|
— |
|
| Total Lease Liability |
|
$ |
18,796 |
|
|
$ |
72 |
|
|