Leases (Tables)

3 Months Ended

Mar. 31, 2022

Disclosure Of Leases [Abstract]

Disclosure of right-of-use assets and liabilities for operating and finance leases

The table below summarizes the Company’s right-of-use (“ROU”) assets and corresponding liabilities for operating and finance leases:

	March 31,		December 31,
	2022		2021
Operating leases:
ROU Assets	$	2,673	$	2,204
Liabilities	$	2,662	$	2,203
Finance leases:
ROU Assets	$	86	$	86
Liabilities	$	26	$	31

Disclosure of operating and finance leases of lessee

The following table summarizes the Company’s operating and finance leases in which the Company is a lessee:

		Renewal	Other Terms and
Class of Assets	Initial Term	Option	Conditions
Operating lease:
Office equipment	1 to 51 months	Yes	(a), (b)
Office space	3 to 9 years	Yes	(b), (c)
Finance lease:
Office equipment	3 to 5 years	Not applicable	(d)

(a)At the end of the lease term, the Company can purchase the equipment at fair market value.

(b)There are no variable lease payments.

(c)Rent escalation provisions exist.

(d)There is a bargain purchase option.

Disclosure of lease liabilities maturities

As of March 31, 2022, maturities of lease liabilities were as follows:

	Leases
	Operating		Finance
Due in 12 months following March 31,
2022	$	1,509	$	17
2023		565		9
2024		101		1
2025		106		—
2026		112		—
Thereafter		481		—
Total lease payments		2,874		27
Less: interest		212		1
Total lease obligations	$	2,662	$	26

Disclosure of quantitative information of operating and finance leases

The following table provides quantitative information with regards to the Company’s operating and finance leases:

	Three Months Ended
	March 31,
	2022			2021
Lease costs:
Finance lease costs:
Amortization – ROU assets*	$	5		$	4
Interest expense		—			1
Operating lease costs*		374			454
Short-term lease costs*		110			37
Total lease costs	$	489		$	496
Cash paid for amounts included in the    measurement of lease liabilities:
Operating cash flows – finance leases	$	—		$	1
Operating cash flows – operating leases	$	372		$	458
Financing cash flows – finance leases	$	5		$	4
	March 31,
	2022
Weighted-average remaining lease term:
Finance leases (in years)		2.8
Operating leases (in years)		4.4
Weighted-average discount rate:
Finance leases (%)		3.5	%
Operating leases (%)		3.1	%

* Included in other operating expenses on the consolidated statements of income.

Disclosure of operating leases of lessor entity

The following table summarizes the Company’s operating leases in which the Company is a lessor:

		Renewal	Other Terms and
Class of Assets	Initial Term	Option	Conditions
Operating lease:
Office space	1 to 3 years	Yes	(e)
Retail space	3 to 20 years	Yes	(e)
Boat docks/wet slips	1 to 12 months	Yes	(e)

(e)There are no purchase options.