XML 56 R40.htm IDEA: XBRL DOCUMENT v3.22.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Lessee Disclosure [Abstract]  
Elements of Lease Expense

The components of lease cost were as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

6,665

 

 

$

3,097

 

Short-term lease cost

 

$

 

 

$

 

Variable lease cost

 

$

844

 

 

$

271

 

Finance lease cost:

 

 

 

 

 

 

Amortization of lease assets

 

$

152

 

 

$

361

 

Interest on lease liabilities

 

 

7

 

 

 

20

 

Total finance lease cost

 

$

159

 

 

$

381

 

Summary of supplemental disclosure of cash flow information related to leases

Supplemental disclosure of cash flow information related to leases was as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of operating lease liabilities
   (operating cash flows)

 

$

5,998

 

 

$

2,461

 

Cash paid for amounts included in the measurement of finance lease liabilities (operating
   cash flows)

 

$

7

 

 

$

20

 

Cash paid for amounts included in the measurement of finance lease liabilities (financing
   cash flows)

 

$

166

 

 

$

347

 

Operating lease liabilities arising from obtaining right-of-use assets

 

$

 

 

$

10,219

 

Finance lease liabilities arising from obtaining right-of-use assets

 

$

 

 

$

102

 

Schedule of weighted-average remaining lease term and discount rate

The weighted-average remaining lease term and discount rate were as follows:

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

Weighted-average remaining lease term (in years) used for:

 

 

 

 

 

 

Operating leases

 

 

5.22

 

 

 

5.03

 

Finance leases

 

 

0.60

 

 

 

1.26

 

Weighted-average discount rate used for:

 

 

 

 

 

 

Operating leases

 

 

9.10

%

 

 

9.01

%

Finance leases

 

 

3.41

%

 

 

6.46

%

Summary of future annual operating lease payments

As of December 31, 2021, future annual lease payments under the Company’s real estate operating leases and equipment finance leases were as follows (in thousands):

 

Year Ending December 31,

 

Operating Leases

 

 

Finance Leases

 

2022

 

$

6,173

 

 

$

49

 

2023

 

 

2,977

 

 

 

 

2024

 

 

1,931

 

 

 

 

2025

 

 

1,985

 

 

 

 

2026

 

 

2,039

 

 

 

 

Thereafter

 

 

2,801

 

 

 

 

Total future lease payments

 

 

17,906

 

 

 

49

 

Less: Imputed interest

 

 

(3,427

)

 

 

(1

)

Total lease liabilities

 

$

14,479

 

 

$

48

 

Summary of table presents lease assets and liabilities and their classification on the consolidated balance sheet

The following table presents lease assets and liabilities and their classification on the consolidated balance sheet (in thousands):

 

 

 

 

 

As of December 31,

 

Leases

 

Consolidated Balance Sheet Classification

 

2021

 

 

2020

 

Assets:

 

 

 

 

 

 

 

 

Operating lease assets

 

Operating lease right-of- use assets

 

$

18,543

 

 

$

23,678

 

Finance lease assets

 

Property and equipment, net

 

 

315

 

 

 

199

 

Total leased assets

 

 

 

$

18,858

 

 

$

23,877

 

Liabilities:

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Operating lease liabilities

 

$

5,064

 

 

$

4,468

 

Finance lease liabilities

 

Current portion of finance lease obligation

 

 

48

 

 

 

166

 

Non-current:

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Operating lease liabilities, net of current portion

 

 

9,415

 

 

 

14,479

 

Finance lease liabilities

 

Finance lease obligation, net of current portion

 

 

 

 

 

48

 

Total lease liabilities

 

 

 

$

14,527

 

 

$

19,161