Quarterly report pursuant to Section 13 or 15(d)

LEASES

v3.21.2
LEASES
 9 Months Ended
Sep. 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 1-7 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 non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal periods.
 
  September 30,
2021		 December 31,
2020
Right to use assets, operating lease assets $ 36,155  $ 12,088 
Current lease liability $ 6,205  $ 3,001 
Non-current lease liability 31,355  9,479 
  $ 37,560  $ 12,480 
 
  September 30,
2021		 September 30,
2020
Weighted average remaining lease term 6.89 years 2.98 years
Weighted average discount rate 6.5  % 7.6  %
 
  Nine Months Ended
September 30,
  2021 2020
Operating lease costs $ 5,687  $ 2,660 
Short-term lease costs 192  22 
Total operating lease costs $ 5,879  $ 2,682 
 
10.LEASES, continued

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

2021 (remainder of the year) $ 2,248 
2022 8,116 
2023 7,548 
2024 6,320 
2025 5,330 
Thereafter 17,128 
Total lease payments 46,690 
Less: Imputed interest (9,130)
Lease Liability at September 30, 2021
 $ 37,560