Leases

12 Months Ended

Dec. 31, 2021

The Company leases office, warehouse and manufacturing space and certain equipment under non-cancelable operating lease agreements that generally require us to pay maintenance, insurance, taxes and other expenses in addition to annual rental fees. Our leases have remaining lease terms of one year to nine years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year.

The components of lease expense are as follows:


	Twelve Months Ended December 31,
		2021		2020

Operating lease cost 1		$	10,082	$	11,214
Finance lease cost:
Amortization of right-of-use assets		326		394
Interest on lease liabilities		27		43
Total finance lease cost		$	353	$	437
Short-term lease cost 2		6,214		4,258
Total lease expense		$	16,649	$	15,909

1.The Company recognized accelerated lease costs of $1.1 million during the year ended December 31, 2020 related to the corporate research and development center.

2.Includes variable lease costs, which are not significant.

Supplemental cash flow information related to leases is as follows:



	Twelve Months Ended December 31, 2021		Twelve Months Ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11,250	$	10,571

Financing cash flows from finance leases	$	348	$	446

Supplemental balance sheet information related to leases is as follows:


	Balance Sheet Location	December 31, 2021			December 31, 2020
Operating Leases
Right-of-use assets, net	Operating lease right-of-use asset, net	$	26,116		$	30,047

Current liabilities	Current operating lease liabilities	9,048			9,236
Non-current liabilities	Long-term operating lease liabilities	18,519			23,932
Total operating lease liabilities		$	27,567		$	33,168

Finance Leases


Right-of-use assets, net	Other assets	$	468		$	767

Current liabilities	Accrued liabilities and other	194			293
Non-current liabilities	Other long-term liabilities	272			434
Total finance lease liabilities		$	466		$	727

Weighted Average Remaining Lease Term
Operating leases		4.0 years			4.5 years
Finance leases		2.9 years			3.2 years
Weighted Average Discount Rate
Operating leases		8.0		%	8.0		%
Finance leases		4.7		%	5.1		%

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. We utilize an incremental borrowing rate, which is reflective of the specific term of the leases and economic environment of each geographic region, and apply a portfolio approach for certain machinery and equipment that have consistent terms in a specific geographic region.

Anticipated future lease costs, which are based in part on certain assumptions to approximate minimum annual rental commitments under non-cancelable leases, are as follows:


Year Ending December 31,	Operating		Financing		Total
2022	$	10,654	$	208	$	10,862
2023	6,724		140		6,864
2024	5,321		91		5,412
2025	4,594		49		4,643
2026	3,363		2		3,365
Thereafter	1,388		1		1,389
Total lease payments	$	32,044	$	491	$	32,535
Less: Imputed interest	(4,477)		(25)		(4,502)
Present value of lease liabilities	$	27,567	$	466	$	28,033

Leases