Quarterly report pursuant to Section 13 or 15(d)

LEASES

v3.21.2
LEASES
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
LEASES LEASES
 
We determine if a contract contains a lease at inception. Our material operating leases consist of retail and warehouse locations as well as office space. Our leases generally have remaining terms of 1-5 years, most of which include options to extend the leases for additional 3 to 5-year periods. Generally, the lease term is the minimum of the noncancelable period of the lease or the lease term inclusive of reasonably certain renewal periods.
 
  June 30,
2021
December 31,
2020
Right to use assets, operating lease assets $ 31,661  $ 12,088 
Current lease liability $ 5,464  $ 3,001 
Non-current lease liability 27,427  9,479 
  $ 32,891  $ 12,480 
 
  June 30,
2021
June 30,
2020
Weighted average remaining lease term 7.17 years 3.44 years
Weighted average discount rate 6.0  % 7.6  %
 
  Six Months Ended
June 30,
  2021 2020
Operating lease costs $ 3,548  $ 1,714 
Short-term lease costs 1,109  31 
Total operating lease costs $ 4,657  $ 1,745 
 
10.LEASES, continued

The following table presents the maturity of the Company’s operating lease liabilities as of June 30, 2021: 

2021 (remainder of the year) $ 3,769 
2022 6,720 
2023 6,021 
2024 4,884 
2025 4,246 
Thereafter 15,170 
Total lease payments 40,810 
Less: Imputed interest (7,919)
Lease Liability at June 30, 2021
$ 32,891