Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases

Balance Sheet Disclosures

Leases (in thousands)	Classification	December 31, 2022		December 31, 2021
Assets
Operating lease assets	Other assets	$	38,370	$	23,270
Liabilities
Current
Operating	Other current liabilities	$	6,357	$	6,540
Noncurrent
Operating	Other long-term liabilities		37,143		20,440
Total lease liabilities		$	43,500	$	26,980

Components of Lease Expense

The components of operating lease expense were as follows for the years ended December 31 (in thousands):

	Classification	2022		2021		2020
Operating lease expense	Sales, general and administrative expenses (1)	$	4,388	$	3,820	$	3,762
	Research and development expense		4,315		3,675		2,995
	Total operating lease expense (2)		8,703		7,495		6,757
Sublease income	Other income		—		—		(55)
Net lease expense		$	8,703	$	7,495	$	6,702

(1) An immaterial portion of operating lease expense is included within cost of sales.

(2) Includes short-term leases, which are immaterial.

Other information related to leases was as follows (in thousands, except lease term and discount rate):

	Twelve Months Ended			Twelve Months Ended
	December 31, 2022			December 31, 2021
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	9,216		$	7,506
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases		21,815			6,726
Weighted average remaining lease term:
Operating leases		7.2	years		4.2	years
Weighted average discount rate:
Operating leases		5.44	%		2.73	%

Schedule of Future Minimum Rental Payments For Operating Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows (in thousands):

	Operating
2023		8,448
2024		8,936
2025		8,990
2026		5,374
2027		3,566
Thereafter		20,579
Total minimum lease payments		55,893
Less: Amount representing interest		(12,393)
Present value of lease payments	$	43,500