Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases

Schedule of operating and finance lease right-of-use assets and related lease obligations

		March 31,		December 31,
Leases	Classification	2022		2021
Assets		(in thousands)
Operating leases	Operating lease assets	$	9,403	$	9,242
Finance lease	Finance lease assets *		18,914		19,238
Total leased assets		$	28,317	$	28,480
Liabilities
Current
Operating	Other current liabilities	$	5,106	$	4,716
Finance	Current portion of finance lease obligation		1,039		979
Noncurrent
Operating	Other long-term liabilities		4,170		4,357
Finance	Finance lease obligation		46,128		46,415
Total lease liabilities		$	56,443	$	56,467
*Finance lease assets are recorded net of accumulated depreciation of $48.9 million and includes $0.6 million of prepaid financing costs as of March 31, 2022. 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. ​

Schedule of lease costs

		Three months ended
		March 31,
Lease cost	Classification	2022		2021
Operating lease cost		(in thousands)
Product / Services	Cost of revenue	$	1,210	$	639
Research and development	Operating expenses		56		130
Sales and marketing*	Operating expenses		418		378
General and administrative*	Operating expenses		211		260
Total operating lease cost		$	1,895	$	1,407
Finance lease cost
Depreciation of leased assets	Cost of revenue, R&D, Sales and marketing and G&A	$	324	$	328
Interest on lease liabilities	Interest expense		1,258		1,279
Total finance lease cost		$	1,582	$	1,607
Total lease cost		$	3,477	$	3,014
* Sales and marketing and general and administrative expense also includes short-term lease and variable lease costs of approximately $0.5 million and $0.4 million for the three months ended March 31, 2022 and 2021, respectively.

Schedule of future minimum operating and finance leases

	Finance		Operating		Total
Maturity of Lease Liabilities	Leases		Leases		Leases
	(in thousands)
2022	$	4,493	$	4,075	$	8,568
2023		6,114		3,188		9,302
2024		6,252		1,032		7,284
2025		5,930		718		6,648
2026		6,008		482		6,490
Thereafter		67,715		78		67,793
Total lease payments	$	96,512	$	9,573	$	106,085
Less interest portion*		(49,345)		(297)		(49,642)
Finance lease and operating lease obligations	$	47,167	$	9,276	$	56,443
* Finance lease interest calculated using the implied interest rate; operating lease interest calculated using estimated corporate borrowing rate.

Schedule of weighted-average remaining lease term and discount rates

	March 31,
Lease term and discount rate	2022
Weighted-average remaining lease term (years):
Operating leases		2.6
Finance leases		14.8
Weighted-average discount rate:
Operating leases		4.5%
Finance leases		10.5%

Schedule of cash outflows by lease type

	Three months ended March 31,
Cash paid for amounts included in the measurement of lease liabilities	2022		2021
	(in thousands)
Operating cash outflows from operating leases	$	1,896	$	1,407
Operating cash outflows from finance leases		1,258		1,279
Financing cash outflows from finance leases		229		175
Operating lease assets obtained in exchange for operating lease liabilities		1,638		791
Finance lease assets obtained in exchange for new finance lease liabilities		—		—