Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.21.1
Leases
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
LEASES
10. 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.


    March 31,
2021
    December 31,
2020
 
Right to use assets, operating lease assets   $ 14,389     $ 12,088  
                 
Current lease liability   $ 3,870     $ 3,001  
Non-current lease liability     10,824       9,479  
    $ 14,694     $ 12,480  

    March 31,
2021
    March 31,
2020
 
Weighted average remaining lease term     3.34 years       3.24 years  
Weighted average discount rate     6.0 %     7.6 %

    Three Months Ended
March 31,
 
    2021     2020  
Operating lease costs   $ 1,541     $ 925  
Short-term lease costs     141       16  
Total operating lease costs   $ 1,682     $ 941  

The following table presents the maturity of the Company’s operating lease liabilities as of March 31, 2021:


2021 (remainder of the year)   $ 4,005  
2022     4,564  
2023     3,850  
2024     2,713  
2025     2,256  
Thereafter     3,106  
Total lease payments     20,494  
Less: Imputed interest     (5,800 )
Lease Liability at March 31, 2021   $ 14,694