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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases

7. Leases

We lease our facilities and some of our equipment under noncancelable operating lease arrangements that expire at various dates through 2029. The total operating lease liabilities for these leases at December 31, 2021 was approximately $30.0 million. In 2014, we amended our Atlanta headquarters lease to obtain additional space and extended the lease term to September 2025. As part of this amended lease agreement, we received reimbursement of $1.3 million from the landlord in 2018 for leasehold improvements. For a few of our facility leases, we have certain options to extend the lease term for up to 10 years, at our sole discretion. We have no finance leases.

 

We present below the operating lease right-of-use assets and lease liabilities as of December 31, 2021 (in thousands):

 

 

 

December 31, 2021

ASSETS

 

 

Operating lease right-of-use assets

 

$27,272

 

 

 

LIABILITIES

 

 

Operating lease liabilities, current (included in accrued and other liabilities)

 

$6,813

Operating lease liabilities, long-term

 

23,157

Total operating lease liabilities

 

$29,970

 

Aggregate future minimum lease payments under noncancelable operating leases as of December 31, 2021 are as follows (in thousands):

Year Ending December 31,

 

 

2022

 

7,364

2023

 

7,116

2024

 

6,369

2025

 

5,568

2026

 

2,732

Thereafter

 

4,911

Total minimum payments required

 

34,060

Less short-term leases

 

-

Less imputed interest

 

(4,090)

Total operating lease liabilities

 

$29,970

We are applying the practical expedient to not separate lease and non-lease components, which allows us to account for lease and non-lease components as a single lease component. The total lease cost in 2021 was $7.9 million, consisting of $7.5 million of operating lease costs, and $0.4 million of short-term lease costs. The total lease cost in 2020 was $7.9 million, consisting of $7.5 million of operating lease costs, and $0.4 million of short-term lease costs. Total lease costs in 2019 were $8.4 million, consisting of $8.0 million of operating lease costs, and $0.4 million of short-term lease costs. Our variable lease cost during 2021, 2020 and 2019 were immaterial.

 

Weighted average remaining lease term

 

5.1 years

 

Weighted average discount rate

 

 

2

%

Supplemental cash flow information - operating cash flows (in thousands):

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows for operating leases

 

$

7,197