Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

LEASES

We have operating lease arrangements for corporate offices, cellular towers, storage units and small building space. The building space is used to house infrastructure, such as transmitters, antennae and other various equipment for the Company’s wireless paging services. For leases with a term of 12 months or less, renewal terms are generally of an evergreen nature (either month-to-month or year-to-year). For leases with a term greater than 12 months, renewal terms are generally explicit and provide for one to five optional renewals consistent with the initial term. Many of our leases, with the exception of those for our corporate offices, include options to terminate the lease within one year. Variable lease payments, residual value guarantees or purchase options are not generally present in these leases.

Lease costs are included in technology operations and general and administrative expenses in the Condensed Consolidated Statements of Operations. The following table presents lease costs disaggregated by type:

	For the Three Months Ended March 31,
(Dollars in thousands)	2022		2021
Operating lease cost	$	1,482	$	1,470
Short-term lease cost	2,633		2,739
Total lease cost	$	4,115	$	4,209

The following table presents supplemental cash flow information:

	For the Three Months Ended March 31,
(Dollars in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities - operating leases	$	1,535	$	1,375

The following table presents the weighted average remaining lease term and discount rate:

	March 31,
(Dollars in thousands)	2022	2021
Weighted-average remaining lease term - operating leases (in years)	4.60	5.09
Weighted-average discount rate - operating leases	4.42%	4.65%

Maturities of lease liabilities as of March 31, 2022, were as follows:

For the Year Ended December 31,	(Dollars in thousands)
2022 (remaining nine months)	$	3,784
2023	4,309
2024	3,419
2025	2,459
2026	2,079
Thereafter	2,078
Total future lease payments	18,128
Imputed interest	(1,760)
Total	$	16,368