Leases (Tables)

6 Months Ended

Jun. 30, 2022

Table Text Blocks

Schedule of components of lease cost and supplemental cash flow information

Lease cost is recognized on a straight-line basis over the lease term. The components of lease cost for the three and six months ended June 30, 2022 and 2021 are as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Operating lease cost	$	627	$	630	$	1,256	$	1,261
Short-term lease cost		264		214		523		428
Total lease cost	$	891	$	844	$	1,779	$	1,689

Supplemental information related to leases for the periods reported is as follows:

	Six Months Ended
	June 30,
	2022			2021
Weighted-average remaining lease term of operating leases (in years)		7.8			8.8
Weighted-average discount rate of operating leases		5.8	%		5.8	%

Schedule of future minimum lease payments under non-cancelable operating leases

Future minimum lease payments under non-cancelable operating leases as of June 30, 2022 are as follows (in thousands):

2022(1)	$	1,546
2023		3,065
2024		3,126
2025		3,189
2026		3,252
2027 and thereafter		11,603
Total future minimum lease payments		25,781
Less: present value adjustment		(5,148)
Operating lease liabilities		20,633
Less: current portion of operating lease liabilities		(3,066)
Operating lease liabilities, net of current portion	$	17,567

(1) For the six months ending December 31, 2022.