Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.20.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Lease Cost
The components of lease expense were as follows:
December 31,
($ in thousands) Classification in the Consolidated Statements of Operations 2020 2019 2018
Operating lease cost (a) Cost of sales, exclusive of depreciation and amortization $ 4,088  $ 4,361  $ — 
Operating lease cost (a) Selling, general and administrative 137  137  — 
Total operating lease cost   $ 4,225  $ 4,498  $ — 
Finance lease cost:  
Amortization of right-of-use assets Depreciation —  —  — 
Interest on lease liabilities Interest Expense —  —  — 
Total finance lease cost   $ —  $ —  $ — 
Total lease cost   $ 4,225  $ 4,498  $ — 
(a) Short-term lease costs were approximately $0.5 million, $0.1 million and nil as of December 31, 2020, 2019 and 2018, respectively.
December 31,
($ in thousands) 2020 2019 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases $ 3,713  $ 4,389  $ — 
Operating cash flows used for finance leases —  —  — 
Financing cash flows used for finance leases —  —  — 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 206  $ 81  $ — 
Finance leases —  —  — 
December 31,
  2020 2019
Weighted-average remaining lease term (in years):  
Operating leases 3.7 4.5
Finance leases 0.0 0.0
Weighted-average discount rate:
Operating leases 4.5  % 4.5  %
Finance leases —  % —  %
Schedule of Lease Assets and Liabilities
December 31,
($ in thousands) Classification on the Consolidated Balance Sheets 2020 2019
Assets:  
Operating Operating lease assets $ 10,528  $ 13,512 
Finance Property, plant, and equipment —  — 
Total leased assets   $ 10,528  $ 13,512 
Liabilities:  
Current  
Operating Current portion of operating lease liabilities $ 3,195  $ 3,174 
Finance Short-term debt and current portion of long-term debt —  — 
Noncurrent  
Operating Operating lease liabilities 7,333  10,338 
Finance Long-term debt —  — 
Total lease liabilities   $ 10,528  $ 13,512 
Schedule of Operating Lease Maturities As of December 31, 2020, maturities of lease liabilities were as follows:
($ in thousands) Operating Leases Finance Leases
2020 $ 3,590  $ — 
2021 3,268  — 
2022 2,376  — 
2023 1,062  — 
2024 991  — 
Thereafter 117  — 
Total lease payments $ 11,404  $ — 
Less: Interest 876  — 
Total lease obligations $ 10,528  $ — 
Schedule of Finance Lease Maturities As of December 31, 2020, maturities of lease liabilities were as follows:
($ in thousands) Operating Leases Finance Leases
2020 $ 3,590  $ — 
2021 3,268  — 
2022 2,376  — 
2023 1,062  — 
2024 991  — 
Thereafter 117  — 
Total lease payments $ 11,404  $ — 
Less: Interest 876  — 
Total lease obligations $ 10,528  $ —