Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases

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

		September 30,		December 31,
Leases	Classification	2022		2021
Assets		(in thousands)
Operating leases	Operating lease assets	$	11,893	$	9,242
Finance lease	Finance lease assets *		18,265		19,238
Total leased assets		$	30,158	$	28,480
Liabilities
Current
Operating	Other current liabilities	$	5,071	$	4,716
Finance	Current portion of finance lease obligation		1,164		979
Noncurrent
Operating	Other long-term liabilities		6,810		4,357
Finance	Finance lease obligation		45,508		46,415
Total lease liabilities		$	58,553	$	56,467
*Finance lease assets are recorded net of accumulated depreciation of $49.4 million and includes $0.6 million of prepaid financing costs as of September 30, 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				Nine months ended
		September 30,				September 30,
Lease cost	Classification	2022		2021		2022		2021
Operating lease cost		(in thousands)
Product / Services*	Cost of revenue	$	1,462	$	790	$	3,978	$	2,074
Research and development	Operating expenses		54		114		186		366
Sales and marketing*	Operating expenses		369		414		1,155		1,169
General and administrative*	Operating expenses		253		254		773		714
Total operating lease cost		$	2,138	$	1,572	$	6,092	$	4,323
Finance lease cost
Depreciation of leased assets	Cost of revenue, R&D, Sales and marketing and G&A	$	325	$	326	$	973	$	981
Interest on lease liabilities	Interest expense		1,245		1,269		3,754		3,822
Total finance lease cost		$	1,570	$	1,595	$	4,727	$	4,803
Total lease cost		$	3,708	$	3,167	$	10,819	$	9,126
* Product / services, sales and marketing and general and administrative expense also includes short-term lease and variable lease costs of approximately $0.4 million and $1.4 million for the three and nine months ended September 30, 2022, respectively, and includes short-term and variable lease costs of approximately $0.6 million and $1.4 million for the three and nine months ended September 30, 2021, respectively.

Schedule of future minimum operating and finance leases

	Finance		Operating		Total
Maturity of Lease Liabilities	Leases		Leases		Leases
	(in thousands)
2022	$	1,498	$	2,193	$	3,691
2023		6,114		5,769		11,883
2024		6,252		2,641		8,893
2025		5,930		1,761		7,691
2026		6,008		1,404		7,412
Thereafter		67,715		758		68,473
Total lease payments	$	93,517	$	14,526	$	108,043
Less interest portion*		(46,845)		(2,645)		(49,490)
Finance lease and operating lease obligations	$	46,672	$	11,881	$	58,553
* 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

	September 30,
Lease term and discount rate	2022
Weighted-average remaining lease term (years):
Operating leases		3.2
Finance leases		14.3
Weighted-average discount rate:
Operating leases		4.5%
Finance leases		10.5%

Schedule of cash outflows by lease type

	Nine months ended September 30,
Cash paid for amounts included in the measurement of lease liabilities	2022		2021
	(in thousands)
Operating cash outflows from operating leases	$	6,092	$	4,323
Operating cash outflows from finance leases		3,754		3,821
Financing cash outflows from finance leases		728		562
Operating lease assets obtained in exchange for operating lease liabilities		5,494		6,396
Finance lease assets obtained in exchange for new finance lease liabilities		—		—