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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases  
Schedule of operating and finance lease right-of-use assets and related lease obligations

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December 31,

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December 31,

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Leases

Classification

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2021

    

2020

    

 

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Assets

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(in thousands)

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Operating leases

Operating lease assets

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$

9,242

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$

4,542

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Finance lease

Finance lease assets *

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19,238

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20,544

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Total leased assets

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$

28,480

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$

25,086

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Liabilities

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Current

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Operating

Other current liabilities

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$

4,716

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$

2,573

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Finance

Current portion of finance lease obligation

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979

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756

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Noncurrent

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Operating

Other long-term liabilities

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4,357

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1,949

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Finance

Finance lease obligation

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46,415

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47,393

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Total lease liabilities

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$

56,467

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$

52,671

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* Finance lease assets are recorded net of accumulated depreciation of $48.6 million and includes $0.7 million of prepaid financing costs as of December 31, 2021. Finance lease assets are recorded net of accumulated depreciation of $48.4 million and includes $0.7 million of prepaid financing costs as of December 31, 2020.
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Schedule of lease costs

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Year ended

 

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December 31,

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Lease cost

Classification

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2021

    

2020

    

2019

 

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Operating lease cost

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(in thousands)

 

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Service

Cost of revenue

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$

2,978

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$

2,402

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$

2,315

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Research and development

Operating expenses

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430

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491

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313

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Sales and marketing*

Operating expenses

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1,605

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1,389

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1,378

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General and administrative*

Operating expenses

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996

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877

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788

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Total operating lease cost

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$

6,009

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$

5,159

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$

4,794

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Finance lease cost

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Depreciation of leased assets

Cost of revenue, R&D, Sales and marketing and G&A

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$

1,306

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$

1,336

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$

1,348

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Interest on lease liabilities

Interest expense

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5,086

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5,211

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5,155

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Total finance lease cost

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$

6,392

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$

6,547

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$

6,503

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Total lease cost

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$

12,401

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$

11,706

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$

11,297

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* Sales and marketing and general and administrative expense also includes short-term lease and variable lease costs of approximately $1.9 million, $1.2 million and $0.9 million for the twelve months ended December 31, 2021, 2020 and 2019, respectively.

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Schedule of future minimum operating and finance leases

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Finance

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Operating

    

Total

 

Maturity of Lease Liabilities

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Leases

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Leases

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Leases

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(in thousands)

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2022

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$

5,980

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$

4,939

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$

10,919

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2023

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6,114

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2,610

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8,724

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2024

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6,252

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902

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7,154

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2025

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5,930

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700

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6,630

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2026

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6,008

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464

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6,472

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Thereafter

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67,715

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73

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67,788

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Total lease payments

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$

97,999

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$

9,688

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$

107,687

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Less interest portion*

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(50,605)

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(615)

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(51,220)

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Finance lease and operating lease obligations

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$

47,394

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$

9,073

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$

56,467

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* Finance lease interest calculated using the implied interest rate; operating lease interest calculated using estimated corporate borrowing rate.

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Schedule of weighted-average remaining lease term and discount rates

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December 31,

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Lease term and discount rate

    

2021

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Weighted-average remaining lease term (years):

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Operating leases

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2.6

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Finance leases

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15.1

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Weighted-average discount rate:

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Operating leases

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4.5%

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Finance leases

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10.5%

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Schedule of cash outflows by lease type

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Year ended December 31,

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Cash paid for amounts included in the measurement of lease liabilities

    

2021

    

2020

    

2019

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(in thousands)

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Operating cash outflows from operating leases

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$

6,009

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$

5,159

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$

4,794

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Operating cash outflows from finance leases

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5,086

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5,321

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5,594

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Financing cash outflows from finance leases

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763

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399

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Operating lease assets obtained in exchange for operating lease liabilities

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8,670

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2,369

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5,849

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Finance lease assets obtained in exchange for new finance lease liabilities

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