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Leases
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases Leases
Operating and finance lease assets and liabilities are as follows:
(in thousands)ClassificationSeptember 30,
2022
December 31,
2021
Assets
OperatingOther long-term assets$8,293 $8,788 
FinanceProperty, plant and equipment, net679 556 
Total leased assets$8,972 $9,344 
Liabilities
Current                     
     OperatingAccrued expenses and other liabilities$1,677 $1,599 
     FinanceCurrent portion of long-term debt and other borrowings372 392 
Noncurrent
     OperatingOther long-term liabilities15,354 16,546 
     FinanceLong-term debt, net and other borrowings206 299 
Total leased liabilities$17,609 $18,836 
The Company entered into an agreement in February 2022 to lease additional office space in Bedford, Massachusetts. The facility is currently being renovated and the associated right-of-use asset and liability will be recorded once renovations are substantially complete. The lease payments are expected to commence in the fourth quarter of 2022 when renovation of the facility is completed.
Leases Leases
Operating and finance lease assets and liabilities are as follows:
(in thousands)ClassificationSeptember 30,
2022
December 31,
2021
Assets
OperatingOther long-term assets$8,293 $8,788 
FinanceProperty, plant and equipment, net679 556 
Total leased assets$8,972 $9,344 
Liabilities
Current                     
     OperatingAccrued expenses and other liabilities$1,677 $1,599 
     FinanceCurrent portion of long-term debt and other borrowings372 392 
Noncurrent
     OperatingOther long-term liabilities15,354 16,546 
     FinanceLong-term debt, net and other borrowings206 299 
Total leased liabilities$17,609 $18,836 
The Company entered into an agreement in February 2022 to lease additional office space in Bedford, Massachusetts. The facility is currently being renovated and the associated right-of-use asset and liability will be recorded once renovations are substantially complete. The lease payments are expected to commence in the fourth quarter of 2022 when renovation of the facility is completed.