Leases

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
Leases	2023		2022
Assets
Operating lease right-of-use assets, net (1)	$	22,010	$	14,978
Financing lease right-of-use assets, net (2)		14,684		15,839
Total assets	$	36,694	$	30,817
Liabilities
Current
Operating	$	6,152	$	4,738
Financing		3,515		4,031
Total current		9,667		8,769
Noncurrent
Operating		16,095		11,018
Financing		10,159		11,102
Total noncurrent		26,254		22,120
Total liabilities	$	35,921	$	30,889

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of $11.3 million and $10.5 million as of June 30, 2023 and December 31, 2022, respectively.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $6.3 million and $5.1 million as of June 30, 2023 and December 31, 2022, respectively.

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

	June 30,		December 31,
	2023		2022
Weighted Average Remaining Lease Term (in years)
Operating leases	7.02		3.90
Financing leases	3.82		4.36
Weighted Average Discount Rate
Operating leases	8.95	%	4.86	%
Financing leases	5.73	%	5.62	%

The components of lease expense are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Operating lease costs:
Operating lease cost	$	1,553	$	1,087	$	2,943	$	2,404
Short-term lease cost (1)		500		302		1,141		618
Financing lease costs:
Interest on lease liabilities		194		183		389		350
Amortization of right-of-use assets		750		786		1,475		1,546
Total lease cost	$	2,997	$	2,358	$	5,948	$	4,918

(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:

	Six Months Ended June 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,042	$	2,281
Operating cash flows for finance leases	$	389	$	350
Financing cash flows for finance leases	$	1,618	$	1,472
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	9,539	$	5,340
ROU assets obtained in exchange for new financing lease liabilities	$	1,520	$	8,790

Maturities of lease liabilities are summarized as follows:

	Operating Leases		Finance Leases
Year ending December 31,
2023 (excluding the six months ended June 30, 2023)	$	3,881	$	2,212
2024		7,156		4,424
2025		5,041		3,660
2026		2,602		1,834
2027		2,354		1,529
Thereafter		13,083		1,583
Total future minimum lease payments		34,117		15,242
Less - amount representing interest		11,870		1,568
Present value of future minimum lease payments		22,247		13,674
Less - current lease obligations		6,152		3,515
Long-term lease obligations	$	16,095	$	10,159