Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Components of Operating Lease Expense and Supplemental Cash Flow Information

The following table presents the components of operating lease expense, as well as supplemental cash flow information, related to the Company’s leases:

	For the Years Ended December 31,
	2021		2020
	(in thousands)
Operating lease expense	$	2,503	$	2,282
Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,521	$	2,330
Right-of-use assets obtained in exchange for lease obligations	$	939	$	—

Information Regarding Operating Leases

The following table presents information regarding the Company’s operating leases:

	As of
	December 31, 2021
	(in thousands)
Operating lease right-of-use assets	$	10,014
Operating lease liabilities	$	10,323
Weighted-average remaining lease term (in years)		3.8
Weighted-average discount rate		4.3	%

Future Minimum Lease Payments

Future minimum lease payments are as follows:

Year Ending December 31,	Minimum Payments
	(in thousands)
2022		3,026
2023		2,981
2024		2,607
2025		2,607
2026		-
2027 and thereafter		-
Total undiscounted lease payments		11,221
Less discount		(898	)
Total lease liabilities	$	10,323