Leases

3 Months Ended

Mar. 31, 2023

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	2023		2022
Assets
Operating lease right-of-use assets, net (1)	$	14,765	$	14,978
Financing lease right-of-use assets, net (2)		15,202		15,839
Total assets	$	29,967	$	30,817
Liabilities
Current
Operating	$	4,936	$	4,738
Financing		3,486		4,031
Total current		8,422		8,769
Noncurrent
Operating		10,609		11,018
Financing		10,882		11,102
Total noncurrent		21,491		22,120
Total liabilities	$	29,913	$	30,889

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of $11.0 million and $10.5 million as of March 31, 2023 and December 31, 2022, respectively.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $5.7 million and $5.1 million as of March 31, 2023 and December 31, 2022, respectively.

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

	March 31,		December 31,
	2023		2022
Weighted Average Remaining Lease Term (in years)
Operating leases	3.70		3.90
Financing leases	4.02		4.36
Weighted Average Discount Rate
Operating leases	5.01	%	4.86	%
Financing leases	5.58	%	5.62	%

The components of lease expense are as follows:

	Three Months Ended March 31,
	2023		2022
Operating lease costs:
Operating lease cost	$	1,390	$	1,317
Short-term lease cost (1)		641		316
Financing lease costs:
Interest on lease liabilities		195		167
Amortization of right-of-use assets		725		760
Total lease cost	$	2,951	$	2,560

(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,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,391	$	1,325
Operating cash flows for finance leases	$	195	$	167
Financing cash flows for finance leases	$	779	$	637
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	1,028	$	1,521
ROU assets obtained in exchange for new financing lease liabilities	$	1,036	$	3,670

Maturities of lease liabilities are summarized as follows:

	Operating Leases		Finance Leases
Year ending December 31,
2023 (excluding the three months ended March 31, 2023)	$	4,266	$	3,220
2024		5,016		4,373
2025		3,569		3,562
2026		1,823		1,822
2027		1,704		1,529
Thereafter		656		1,584
Total future minimum lease payments		17,034		16,090
Less - amount representing interest		1,489		1,722
Present value of future minimum lease payments		15,545		14,368
Less - current lease obligations		4,936		3,486
Long-term lease obligations	$	10,609	$	10,882