Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

Note 10 – Leases

Operating lease cost details for the three and six months ended June 30, 2022 and 2021 are as follows:

		Three months ended				Six months ended
		June 30,				June 30,
	2022		2021		2022		2021
		(in thousands)				(in thousands)
Building rent	$	521	$	677	$	1,096	$	1,247
Automobile rentals		361		411		581		744
Total net operating lease costs	$	882	$	1,088	$	1,677	$	1,991

At June 30, 2022, the weighted average remaining lease term for our operating leases is 6.2 years. The weighted average discount rate for our operating leases is 5%.

During the six months ended June 30, 2022, there were $1.7 million of operating cash payments for lease liabilities, and $0.4 million of right-of use assets obtained in exchange for new lease liabilities.

Maturities of our operating leases are as follows:

	As of June 30, 2022
		(in thousands)
2022	$	1,351
2023		2,537
2024		1,840
2025		1,737
2026		1,679
Later years		4,326
Less imputed interest		(2,152)
Total lease liabilities	$	11,318