Leases (Notes)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

LeasesThe Company is obligated to make future minimum payments under five primary operating leases which approximate 162,322 square feet of space used for manufacturing, research and development and general operations primarily in the greater Seattle area. The operating leases have terms that expire from 2026 to 2032 and include renewal options to extend the lease term at the then current fair market rental for each of the lease agreements. None of the options to extend the rental term of existing leases were considered reasonably certain as of December 31, 2022. The Company’s operating leases contain rent abatement periods, scheduled rent increases and provide for tenant improvement allowances. In addition, the Company enters into finance lease right-of-use assets included in other assets and lease liabilities included in deferred revenues and other liabilities primarily for equipment used in its operations. The Company’s lease agreements do not contain any material variable lease payments, material residual value guarantees, or any material restrictive covenants.

The following table provides the components of the Company’s lease cost (in thousands):

	2022		2021
Operating lease cost	$	5,572	$	5,210
Finance lease cost:
Amortization of right-of-use assets	319		255
Interest on lease liabilities	20		23
Total lease cost	$	5,911	$	5,488

Other information related to leases for the year ended December 31 were as follows (in thousands):

	2022			2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,983		$	6,276
Operating cash flows from finance leases	20			23
Financing cash flows from finance leases	333			236
Right-of-use assets obtained in exchange for operating lease liabilities	$	2,126		$	929
Right-of-use assets obtained in exchange for finance lease liabilities	—			448
Operating Leases
Weighted average remaining lease term (years)	4.8			4.9
Weighted average discount rate	7.3		%	7.0		%
Financing Leases
Weighted average remaining lease term (years)	1.5			1.8
Weighted average discount rate	3.8		%	4.3		%

Future minimum lease payments under the lease agreements as of December 31, 2022 were as follows (in thousands):

	Finance		Operating
2023	$	223	$	6,844
2024	113		6,899
2025	—		7,079
2026	—		2,211
2027	—		1,317
Thereafter	—		4,660
Total future minimum lease payments	336		29,010
Less: imputed interest	(10)		(5,130)
Total	$	326	$	23,880