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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of ROU Assets and Lease Liabilities Related to Operating Leases

ROU assets and lease liabilities related to the Company’s operating leases are as follows:

 (In thousands)

 

Balance Sheet Classification

 

December 31, 2022

 

 

December 31, 2021

 

Right-of-use assets

 

Right of use assets

 

$

5,287

 

 

$

6,751

 

Current lease liabilities

 

Current portion of lease liabilities

 

 

1,545

 

 

 

8,186

 

Non-current lease liabilities

 

Non-current portion of lease liabilities

 

 

4,341

 

 

 

4,086

 

 

Components of Lease Costs The components of lease costs were as follows:

 

 

 

Year ended December 31,

 

 

Year ended December 31,

 

 (In thousands)

 

2022

 

 

2021

 

Operating lease cost

 

$

3,843

 

 

$

6,030

 

Variable lease cost

 

 

2,005

 

 

 

4,156

 

Short-term lease cost

 

 

8

 

 

 

851

 

Total lease cost

 

$

5,855

 

 

$

11,037

 

Schedule of Future Minimum Commitments under all Non-Cancelable Operating Leases

Future minimum commitments under all non-cancelable operating leases are as follows:

 

 (In thousands)

 

 

 

2023

 

 

1,545

 

2024

 

 

1,588

 

2025

 

 

1,633

 

2026

 

 

1,678

 

2027

 

 

357

 

Later years

 

 

182

 

Total lease payments

 

 

6,983

 

Less: Imputed interest

 

 

(1,097

)

Present value of lease liabilities

 

 

5,886

 

Summary of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information activity related to the Company’s operating leases are as follows:

 

(In thousands)

 

December 31, 2022

 

 

December 31, 2021

 

Operating cash flow information:

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

8,191

 

 

$

6,158