Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.20.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lease, Cost Our short-term lease costs and sublease income are de minimis.
Years Ended December 31,
2020 2019
Operating lease expense $ 7,657  $ 6,981 
Non-cash lease expense $ 6,037  $ 5,418 
Cash payments on lease liabilities $ 9,013  $ 8,058 
ROU assets obtained in exchange for new operating lease obligations $ 1,364  $ 11,471 
ROU assets are classified within Prepaids, other assets and goodwill on our consolidated balance sheet, while lease liabilities are classified within Accrued liabilities on our consolidated balance sheet. The following table contains additional information about our leases (dollars in thousands):
At December 31,
2020 2019
ROU assets $ 21,624  $ 26,332 
Lease liabilities $ 28,254  $ 34,231 
Weighted-average remaining lease term 4.0 years 4.8 years
Weighted-average discount rate (incremental borrowing rate) 4.54  % 4.53  %
Lessee, Operating Lease, Liability, Maturity Maturities of our operating lease liabilities as of December 31, 2020 are as follows (in thousands):
Year ended December 31,
2021 $ 8,985 
2022 8,043 
2023 6,628 
2024 3,760 
2025 3,457 
Thereafter 3,841 
Total payments 34,714 
Less: imputed interest (6,460)
Present value of lease liabilities $ 28,254