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Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases

19.Leases

The Company has operating and finance leases for office space, equipment and vehicles. Leases recorded on the balance sheet consists of the following:

    

December 31,

December 31,

Leases

2022

2021

Assets

Operating lease right-of-use assets, net (1)

$

14,978

$

14,686

Financing lease right-of-use assets, net (2)

 

15,839

 

14,561

Total assets

$

30,817

$

29,247

Liabilities

 

  

 

  

Current

 

  

 

  

Operating

$

4,738

$

3,857

Financing

 

4,031

 

3,406

Total current

 

8,769

 

7,263

Noncurrent

 

  

 

  

Operating

 

11,018

 

11,637

Financing

 

11,102

 

10,908

Total noncurrent

 

22,120

 

22,545

Total liabilities

$

30,889

$

29,808

(1)Operating lease right-of-use assets are recorded net of accumulated amortization of  $10.5 million and $9.5 million as of December 31, 2022 and 2021, respectively.
(2)Financing lease right-of-use assets are recorded net of accumulated amortization of $5.1 million and $2.7 million as of December 31, 2022 and 2021, respectively.

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

December 31,

 

December 31,

 

2022

 

2021

 

Weighted Average Remaining Lease Term (in years)

  

  

Operating leases

3.90

4.90

Financing leases

4.36

4.70

Weighted Average Discount Rate

Operating leases

4.86

%

4.75

%

Financing leases

5.62

%

4.28

%

The components of lease expense are as follows:

Year Ended December 31,

    

2022

    

2021

 

2020

Operating lease costs:

 

  

 

  

  

Operating lease cost

$

5,012

$

5,814

$

6,430

Short-term lease cost (1)

 

1,754

 

1,607

 

3,871

Financing lease costs:

 

  

 

  

 

  

Interest on lease liabilities

 

767

 

491

 

548

Amortization of right-of-use assets

 

3,142

 

2,822

 

3,324

Total lease cost

$

10,675

$

10,734

$

14,173

(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:

Year Ended December 31,

2022

2021

 

2020

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows for operating leases

$

4,966

$

5,666

$

6,262

Operating cash flows for finance leases

$

767

$

491

$

548

Financing cash flows for finance leases

$

2,992

$

3,035

$

3,619

Non-cash activity:

 

 

 

  

ROU assets obtained in exchange for new operating lease liabilities

$

6,740

$

1,567

$

7,829

ROU assets obtained in exchange for new financing lease liabilities

$

9,368

$

7,318

$

11,270

Maturities of lease liabilities are summarized as follows:

Operating Leases

Finance Leases

Year ending December 31,

2023

$

5,386

$

4,322

2024

 

4,628

 

4,436

2025

 

3,185

 

3,307

2026

 

1,770

 

1,815

2027

 

1,704

 

1,529

Thereafter

 

656

 

1,583

Total future minimum lease payments

 

17,329

 

16,992

Less - amount representing interest

 

1,573

 

1,859

Present value of future minimum lease payments

 

15,756

 

15,133

Less - current lease obligations

 

4,738

 

4,031

Long-term lease obligations

$

11,018

$

11,102