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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Lessee Disclosure [Abstract]  
Summary of Operating Costs Associated with Leased Assets Operating costs associated with leased assets are as follows:

(In thousands)

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost (1)

 

$

1,525

 

 

$

1,893

 

 

$

3,215

 

 

$

3,824

 

Less: Sublease income

 

 

(65

)

 

 

(74

)

 

 

(98

)

 

 

(157

)

Total operating lease costs

 

$

1,460

 

 

$

1,819

 

 

$

3,117

 

 

$

3,667

 

 

(1) Operating lease costs are recognized on a straight-line basis and are included in Selling, general and administrative expenses within the consolidated statements of operations.

Supplemental Cash Flow Information for Operating Leases

Supplemental cash flow information for operating leases is as follows:

(In thousands)

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

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

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

3,562

 

 

$

3,585

 

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

 

$

273

 

 

$

0

 

Summary of Balance Sheet Location and Balances for Operating Leases

The balance sheet location and balances for operating leases are as follows:

(In thousands, except lease term and discount rate)

 

June 30, 2022

 

 

December 31, 2021

 

Right-of-use assets - operating leases

 

$

15,904

 

 

$

18,324

 

Current operating lease liabilities

 

$

6,095

 

 

$

6,133

 

Long-term operating lease liabilities

 

$

13,873

 

 

$

16,754

 

Weighted average remaining lease term (in years)

 

 

4

 

 

 

5

 

Weighted average discount rate

 

 

3.3

%

 

 

3.4

%

Summary of Future Maturities of Lease and Non-Lease Components

The future maturities of our leasing arrangements including lease and non-lease components are shown in the below table. The maturities are calculated using foreign currency exchange rates in effect as of June 30, 2022.

 

 

June 30, 2022

 

(In thousands)

 

Operating Leases

 

Remainder of 2022

 

$

3,318

 

2023

 

 

6,421

 

2024

 

 

3,706

 

2025

 

 

3,453

 

2026

 

 

2,835

 

Thereafter

 

 

1,581

 

Total lease liabilities

 

 

21,314

 

Less: Amount representing interest

 

 

(1,346

)

Less: Short-term lease liabilities

 

 

(6,095

)

Total Long-term lease liabilities

 

$

13,873