Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases

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

		March 31,		December 31,
Leases	Classification	2023		2022
Assets		(in thousands)
Operating leases	Operating lease assets	$	10,660	$	12,146
Finance lease	Finance lease assets*		17,623		17,942
Total leased assets		$	28,283	$	30,088
Liabilities
Current
Operating	Other current liabilities	$	4,276	$	5,367
Finance	Current portion of finance lease obligation		1,297		1,229
Non-current
Operating	Other long-term liabilities		5,638		6,931
Finance	Finance lease obligation		44,831		45,185
Total lease liabilities		$	56,042	$	58,712
*Finance lease assets are recorded net of accumulated depreciation of $46.2 million and includes $0.6 million of prepaid financing costs as of March 31, 2023. Finance lease assets are recorded net of accumulated depreciation of $45.9 million and includes $0.6 million of prepaid financing costs as of December 31, 2022. ​

Schedule of lease costs

		Three months ended
		March 31,
Lease cost	Classification	2023		2022
Operating lease cost		(in thousands)
Product / services*	Cost of revenue	$	1,466	$	1,210
Research and development	Operating expenses		106		56
Sales and marketing*	Operating expenses		396		418
General and administrative*	Operating expenses		276		211
Total operating lease cost		$	2,244	$	1,895
Finance lease cost
Depreciation of leased assets	Cost of revenue, R&D, Sales and marketing and G&A	$	319	$	324
Interest on lease liabilities	Interest expense		1,231		1,258
Total finance lease cost		$	1,550	$	1,582
Total lease cost		$	3,794	$	3,477
* Product / services, sales and marketing and general and administrative expense also includes short-term lease and variable lease costs of approximately $0.5 million for both the three months ended March 31, 2023 and 2022.

Schedule of future minimum operating and finance leases

	Finance		Operating		Total
Maturity of Lease Liabilities	Leases		Leases		Leases
	(in thousands)
2023	$	4,594	$	5,112	$	9,706
2024		6,252		3,260		9,512
2025		5,930		2,056		7,986
2026		6,008		1,346		7,354
2027		6,128		574		6,702
Thereafter		61,586		13		61,599
Total lease payments	$	90,498	$	12,361	$	102,859
Less interest portion*		(44,370)		(2,447)		(46,817)
Finance lease and operating lease obligations	$	46,128	$	9,914	$	56,042
* 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	2023
Weighted-average remaining lease term (years):
Operating leases		2.9
Finance leases		13.8
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	2023		2022
	(in thousands)
Operating cash outflows from operating leases	$	2,244	$	1,896
Operating cash outflows from finance leases		1,231		1,258
Financing cash outflows from finance leases		289		229
Operating lease assets obtained in exchange for operating lease liabilities		757		1,638
Finance lease assets obtained in exchange for new finance lease liabilities		—		—