Leases (Tables)

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
	2022		2021
Operating leases:
ROU assets	$	1,861	$	2,204
Liabilities	$	1,824	$	2,203
Finance leases:
ROU assets	$	80	$	86
Liabilities	$	21	$	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 June 30, 2022, maturities of lease liabilities were as follows:

	Leases
	Operating		Finance
Due in 12 months following June 30,
2022	$	1,090	$	16
2023		177		5
2024		98		1
2025		103		—
2026		109		—
Thereafter		434		—
Total lease payments		2,011		22
Less: interest		187		1
Total lease obligations	$	1,824	$	21

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					Six Months Ended
	June 30,					June 30,
	2022			2021		2022		2021
Lease costs:
Finance lease costs:
Amortization – ROU assets*	$	5		$	5	$	10	$	9
Interest expense		—			—		—		1
Operating lease costs*		282			391		656		845
Short-term lease costs*		91			113		201		150
Total lease costs	$	378		$	509	$	867	$	1,005
Cash paid for amounts included in the    measurement of lease liabilities:
Operating cash flows – finance leases						$	—	$	1
Operating cash flows – operating leases						$	648	$	848
Financing cash flows – finance leases						$	10	$	9
	June 30,
	2022
Weighted-average remaining lease term:
Finance leases (in years)		1.5
Operating leases (in years)		4.2
Weighted-average discount rate:
Finance leases (%)		3.4	%
Operating leases (%)		3.9	%

* 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.