Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

18.Leases

The Company has operating and finance leases for office space, equipment and vehicles.

Leases recorded on the balance sheet consists of the following:

	March 31,		December 31,
Leases	2022		2021
Assets
Operating lease right-of-use assets, net (1)	$	15,006	$	14,686
Financing lease right-of-use assets, net (2)		17,472		14,561
Total assets	$	32,478	$	29,247
Liabilities
Current
Operating	$	4,005	$	3,857
Financing		4,670		3,406
Total current		8,675		7,263
Noncurrent
Operating		11,709		11,637
Financing		12,605		10,908
Total noncurrent		24,314		22,545
Total liabilities	$	32,989	$	29,808

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of $10.0 million and $9.5 million as of March 31, 2022 and December 31, 2021, respectively.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $3.4 million and $2.7 million as of March 31, 2022 and December 31, 2021, respectively.

Other information related to lease term and discount rate is as follows:

	March 31,		December 31,
	2022		2021
Weighted Average Remaining Lease Term (in years)
Operating leases	4.67		4.90
Financing leases	4.45		4.70
Weighted Average Discount Rate
Operating leases	4.76	%	4.75	%
Financing leases	4.44	%	4.28	%

The components of lease expense are as follows:

	Three Months Ended March 31,
	2022		2021
Operating lease costs:
Operating lease cost	$	1,317	$	1,654
Short-term lease cost (1)		316		690
Financing lease costs:
Interest on lease liabilities		167		126
Amortization of right-of-use assets		760		781
Total lease cost	$	2,560	$	3,251

(1) Includes expenses related to leases with a lease term of more than one month but less than one year.

Supplemental cash flow information related to leases is as follows:

	Three Months Ended March 31,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,325	$	1,498
Operating cash flows for finance leases	$	167	$	126
Financing cash flows for finance leases	$	637	$	732
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	1,521	$	165
ROU assets obtained in exchange for new financing lease liabilities	$	3,670	$	752

Maturities of lease liabilities are summarized as follows:

	Operating Leases		Finance Leases
Year ending December 31,
2022 (excluding the three months ended March 31, 2022)	$	3,547	$	3,849
2023		4,139		3,946
2024		3,317		3,386
2025		2,451		2,591
2026		1,770		2,493
Thereafter		2,360		3,112
Total future minimum lease payments		17,584		19,377
Less - amount representing interest		1,870		2,102
Present value of future minimum lease payments		15,714		17,275
Less - current lease obligations		4,005		4,670
Long-term lease obligations	$	11,709	$	12,605