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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Lessee Disclosure [Abstract]  
Summary of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

 

$

811

 

 

$

499

 

 

$

1,510

 

 

$

919

 

Variable and short-term lease cost

 

 

152

 

 

 

 

 

 

227

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

    Amortization of right-of use assets

 

 

306

 

 

 

212

 

 

 

691

 

 

 

339

 

    Interest on lease liabilities

 

 

23

 

 

 

21

 

 

 

55

 

 

 

35

 

Total finance lease cost

 

 

329

 

 

 

233

 

 

 

746

 

 

 

374

 

Total lease cost

 

$

1,292

 

 

$

732

 

 

$

2,483

 

 

$

1,293

 

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,027

 

 

$

416

 

 

$

2,213

 

 

$

824

 

Operating cash flows from financing leases

 

 

23

 

 

 

21

 

 

 

55

 

 

 

35

 

Financing cash flows from financing leases

 

 

239

 

 

 

228

 

 

 

392

 

 

 

510

 

Non-cash activity:

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for operating lease obligations

 

 

5,131

 

 

 

7,205

 

 

 

8,797

 

 

 

7,834

 

Right-of-use assets obtained in exchange for finance lease obligations

 

 

-

 

 

 

 

 

 

117

 

 

 

 

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

 

 

 

 

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Operating Leases

 

 

 

 

 

 

Right-of-use assets

 

$

16,451

 

 

$

9,056

 

Lease liabilities:

 

 

 

 

 

 

Current lease liabilities

 

 

2,054

 

 

 

2,181

 

Non-current lease liabilities

 

 

14,978

 

 

 

7,202

 

Total operating lease liabilities

 

$

17,032

 

 

$

9,383

 

 

Finance Leases

 

 

 

 

 

 

Right-of-use assets

 

$

1,887

 

 

$

2,493

 

Lease liabilities:

 

 

 

 

 

 

Current lease liabilities

 

 

1,182

 

 

 

939

 

Non-current lease liabilities

 

 

1,445

 

 

 

1,952

 

Total finance lease liabilities

 

$

2,627

 

 

$

2,891

 

Summary of Lease Term and Discount Rate

Weighted Average Remaining Lease Term

 

 

 

 

 

 

Weighted-average remaining lease term—operating leases

 

7.73 years

 

 

5.26 years

 

Weighted-average remaining lease term—finance leases

 

1.82 years

 

 

2.21 years

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

Weighted-average discount rate—operating leases

 

 

4.27

%

 

 

3.90

%

Weighted-average discount rate—finance leases

 

 

3.52

%

 

 

3.57

%

 

Schedule of Minimum Lease Payments by Period Expected

As of June 30, 2022, minimum lease payments by period are expected to be as follows:

 

 

 

Finance

 

 

Operating

 

2022 (excluding the six months ended June 30, 2022)

 

$

710

 

 

$

1,496

 

2023

 

 

1,283

 

 

 

1,879

 

2024

 

 

740

 

 

 

2,969

 

2025

 

 

19

 

 

 

2,619

 

2026

 

 

11

 

 

 

2,422

 

Thereafter

 

 

 

 

 

9,021

 

Total minimum lease payments

 

 

2,763

 

 

 

20,406

 

Less: imputed interest

 

 

(136

)

 

 

(3,374

)

Present value of lease liabilities

 

$

2,627

 

 

$

17,032