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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases  
Schedule of components of lease expense and related cash flows

The components of lease expense and related cash flows were as follows (in thousands):

Three months ended June 30, 

Three months ended June 30, 

    

2022

    

2021

Lease cost

Finance lease cost:

Amortization of right-of-use assets

$

$

474

Interest on lease liabilities

 

 

178

Operating lease cost

 

1,207

 

1,280

Short-term lease cost

 

75

 

80

Variable lease cost

638

640

Total lease cost

$

1,920

$

2,652

Operating cash flows from finance leases

$

$

178

Operating cash flows from operating leases

$

1,207

$

1,280

Financing cash flows from finance leases

$

$

394

Six months ended June 30, 

Six months ended June 30, 

    

2022

    

2021

Lease cost

Finance lease cost:

Amortization of right-of-use assets

$

$

947

Interest on lease liabilities

 

 

363

Operating lease cost

 

2,421

 

2,533

Short-term lease cost

 

152

 

160

Variable lease cost

1,276

1,163

Total lease cost

$

3,849

$

5,166

Operating cash flows from finance leases

$

$

363

Operating cash flows from operating leases

$

2,421

$

2,533

Financing cash flows from finance leases

$

$

780

Schedule of weighted-average remaining lease term and weighted-average discount rate

    

June 30, 2022

    

June 30, 2021

Weighted-average remaining lease term (years)

Operating leases

5.4

6.2

Finance leases

N/A

N/A

Weighted-average discount rate

Operating leases

8%

8%

Finance leases

N/A

N/A

Schedule of future minimum commitments due under lease agreements

Future minimum commitments due under these lease agreements as of June 30, 2022 are as follows (in thousands):

Operating Leases

2022 (remaining six months)

 

2,749

 

2023

 

4,936

 

2024

 

4,600

 

2025

4,752

2026

4,881

Thereafter

 

4,760

 

Present value adjustment

(5,178)

Present value of lease payments

$

21,500