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Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases

4.

Leases

We lease our facilities and some of our equipment under noncancelable operating lease arrangements that expire at various dates through 2029. 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 June 30, 2022 (in thousands):

 

 

 

June 30, 2022

 

ASSETS

 

 

 

 

Operating lease right-of-use assets

 

$

23,198

 

 

 

 

 

 

LIABILITIES

 

 

 

 

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

 

$

6,575

 

Operating lease liabilities, long-term

 

 

18,934

 

Total operating lease liabilities

 

$

25,509

 

 

 

 

 

 

Aggregate future minimum lease payments under noncancelable operating leases as of June 30, 2022 are as follows (in thousands):

 

Year Ending December 31,

 

 

 

 

2022 (excluding the three months ended March 31, 2022)

 

$

3,509

 

2023

 

 

6,982

 

2024

 

 

6,196

 

2025

 

 

5,409

 

2026

 

 

2,560

 

Thereafter

 

 

4,618

 

Total minimum payments required

 

 

29,274

 

Less short-term leases

 

 

(75

)

Less imputed interest

 

 

(3,690

)

Total operating lease liabilities

 

$

25,509

 

 

The total lease cost for the three and six months ended June 30, 2022 was $1.9 million and $3.9 million, respectively. Total lease cost for the three months ended June 30, 2022 consisted of $1.8 million of operating lease costs, and $0.1 million of short-term lease costs. For the six months ended June 30, 2022, total lease cost consisted of $3.7 million of operating lease costs, and $0.2 of short-term lease costs.

Total lease cost for the three and six months ended June 30, 2021 was $2.0 million and $4.0 million, respectively. Total lease cost for the three months ended June 30, 2021 consisted of $1.9 million of operating lease costs, and $0.1 million of short-term lease costs. For the six months ended June 30, 2021, total lease cost consisted of $3.8 million of operating lease cost, and $0.2 million of short-term lease costs.  

Our variable lease costs for the three and six months ended June 30, 2022 and 2021 were immaterial.

 

Other information related to operating leases are as follows:

 

Weighted average remaining lease term

 

 

4.7

 

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

 

$

3,723