| Components of Lease Cost |
The following table provides the components of lease cost recognized in the condensed consolidated statement of operations and comprehensive income for the three and nine months ended September 30, 2021 and 2020:
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For the Three Months
Ended September 30, |
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For the Nine Months
Ended September 30, |
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2,483 |
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1,545 |
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5,751 |
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4,087 |
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Amortization of lease assets |
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1,990 |
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1,496 |
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5,357 |
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3,688 |
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Interest on lease liabilities |
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1,177 |
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|
782 |
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2,914 |
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1,801 |
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3,167 |
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2,278 |
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8,271 |
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5,489 |
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2,529 |
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28 |
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3,139 |
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310 |
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$ |
8,179 |
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$ |
3,851 |
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$ |
17,161 |
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$ |
9,886 |
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The following table provides the components of lease cost recognized in the consolidated statement of operations and comprehensive income for the year ended December 31, 2020 and 2019.
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5,700 |
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5,542 |
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Amortization of lease assets |
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4,956 |
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1,984 |
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Interest on lease liabilities |
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2,133 |
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|
960 |
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7,089 |
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2,944 |
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222 |
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|
192 |
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$ |
13,010 |
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$ |
8,678 |
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| Schedule of Weighted Average Discount Rate and Remaining Lease Term |
Weighted average discount rate and remaining lease term for the nine months ended September 30, 2021 are as follows:
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Weighted average discount rate |
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8.75 |
% |
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8.46 |
% |
Weighted average remaining lease term (in years) |
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8.67 |
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8.20 |
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Other information related to operating and finance leases as of and for the year ended December 31, 2020 are as follows:
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Weighted average discount rate |
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8.36 |
% |
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8.64 |
% |
Weighted average remaining lease term (in years) |
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8.51 |
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7.49 |
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| Schedule of Maturity of Contractual Undiscounted Lease Liabilities |
The maturity of the contractual undiscounted lease liabilities as of September 30, 2021 is as follows:
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$ |
1,991 |
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$ |
2,494 |
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8,173 |
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10,509 |
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7,886 |
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13,246 |
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7,759 |
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9,395 |
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7,800 |
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9,069 |
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35,893 |
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43,875 |
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Total undiscounted lease liabilities |
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69,502 |
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88,588 |
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Interest on lease liabilities |
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(21,581 |
) |
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(26,000 |
) |
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Total present value of minimum lease payments |
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47,921 |
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62,588 |
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Lease liability—current portion |
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(4,264 |
) |
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(5,354 |
) |
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$ |
43,657 |
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$ |
57,234 |
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The maturity of the contractual undiscounted lease liabilities as of December 31, 2020 is as follows:
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$ |
6,964 |
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$ |
5,480 |
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6,642 |
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5,405 |
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6,257 |
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5,276 |
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5,787 |
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4,921 |
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5,588 |
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4,843 |
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24,669 |
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14,225 |
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Total undiscounted lease liabilities |
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55,907 |
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|
40,150 |
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Interest on lease liabilities |
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(16,972 |
) |
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(10,545 |
) |
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Total present value of minimum lease payments |
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38,935 |
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|
29,605 |
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Lease liability—current portion |
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3,877 |
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|
3,154 |
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$ |
35,058 |
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$ |
26,450 |
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