Leases

12 Months Ended

Dec. 31, 2022

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,
		2022		2021

Operating lease cost		$	10,283	$	10,082
Finance lease cost:
Amortization of right-of-use assets		194		326
Interest on lease liabilities		13		27
Finance lease cost		$	207	$	353
Short-term lease cost 1		5,406		6,214
Total lease expense		$	15,896	$	16,649

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

Supplemental cash flow information related to leases is as follows:



	Twelve Months Ended December 31, 2022		Twelve Months Ended December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,022	$	11,250

Financing cash flows from finance leases	$	205	$	348

Supplemental balance sheet information related to leases is as follows:


	Balance Sheet Location	December 31, 2022			December 31, 2021
Operating Leases
Right-of-use assets, net	Operating lease right-of-use asset, net	$	26,372		$	26,116

Current liabilities	Current operating lease liabilities	7,421			9,048
Non-current liabilities	Long-term operating lease liabilities	19,422			18,519
Total operating lease liabilities		$	26,843		$	27,567

Finance Leases


Right-of-use assets, net	Other assets	$	270		$	468

Current liabilities	Accrued liabilities and other	131			194
Non-current liabilities	Other long-term liabilities	139			272
Total finance lease liabilities		$	270		$	466

Weighted Average Remaining Lease Term
Operating leases		6.0 years			4.0 years
Finance leases		2.3 years			2.9 years
Weighted Average Discount Rate
Operating leases		8.4		%	8.0		%
Finance leases		3.9		%	4.7		%

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
2023	$	9,206	$	153	$	9,359
2024	5,423		106		5,529
2025	5,413		65		5,478
2026	4,556		2		4,558
2027	1,724		—		1,724
Thereafter	9,137		—		9,137
Total lease payments	$	35,459	$	326	$	35,785
Less: Imputed interest	(8,616)		(56)		(8,672)
Present value of lease liabilities	$	26,843	$	270	$	27,113

Leases

The components of lease expense are as follows:


	Twelve Months Ended December 31,
		2022		2021

Operating lease cost		$	10,283	$	10,082
Finance lease cost:
Amortization of right-of-use assets		194		326
Interest on lease liabilities		13		27
Finance lease cost		$	207	$	353
Short-term lease cost 1		5,406		6,214
Total lease expense		$	15,896	$	16,649

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

Supplemental cash flow information related to leases is as follows:



	Twelve Months Ended December 31, 2022		Twelve Months Ended December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,022	$	11,250

Financing cash flows from finance leases	$	205	$	348

Supplemental balance sheet information related to leases is as follows:


	Balance Sheet Location	December 31, 2022			December 31, 2021
Operating Leases
Right-of-use assets, net	Operating lease right-of-use asset, net	$	26,372		$	26,116

Current liabilities	Current operating lease liabilities	7,421			9,048
Non-current liabilities	Long-term operating lease liabilities	19,422			18,519
Total operating lease liabilities		$	26,843		$	27,567

Finance Leases


Right-of-use assets, net	Other assets	$	270		$	468

Current liabilities	Accrued liabilities and other	131			194
Non-current liabilities	Other long-term liabilities	139			272
Total finance lease liabilities		$	270		$	466

Weighted Average Remaining Lease Term
Operating leases		6.0 years			4.0 years
Finance leases		2.3 years			2.9 years
Weighted Average Discount Rate
Operating leases		8.4		%	8.0		%
Finance leases		3.9		%	4.7		%

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
2023	$	9,206	$	153	$	9,359
2024	5,423		106		5,529
2025	5,413		65		5,478
2026	4,556		2		4,558
2027	1,724		—		1,724
Thereafter	9,137		—		9,137
Total lease payments	$	35,459	$	326	$	35,785
Less: Imputed interest	(8,616)		(56)		(8,672)
Present value of lease liabilities	$	26,843	$	270	$	27,113