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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases

(6) Leases

 

Components of lease expense were as follows:

 

 

 

 

 

Year Ended December 31,

 

Lease Cost

 

Classification

 

2021

 

 

2020

 

 

2019

 

Operating lease cost

 

Operating expenses

 

$

1,644

 

 

$

1,698

 

 

$

1,550

 

Operating lease cost

 

Inventory

 

 

276

 

 

 

488

 

 

 

4,206

 

Sublease income

 

Operating expenses

 

 

(520

)

 

 

 

 

 

 

Total operating lease cost

 

 

 

$

1,400

 

 

$

2,186

 

 

$

5,756

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

Operating expenses

 

 

35

 

 

 

41

 

 

 

41

 

Amortization of right-of-use assets

 

Inventory

 

 

19

 

 

 

36

 

 

 

 

Interest on lease liabilities

 

Other income (expense), net

 

 

8

 

 

 

10

 

 

 

4

 

Total finance lease cost

 

 

 

$

62

 

 

$

87

 

 

$

45

 

Variable lease cost

 

Inventory

 

 

 

 

 

 

 

 

10,568

 

Total lease cost

 

 

 

$

1,462

 

 

$

2,273

 

 

$

16,369

 

 

Short-term lease expense for the years ended December 31, 2021, 2020, and 2019 were immaterial.

 

Supplemental cash flow information related to operating and finance leases was as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash outflows from operating leases

 

$

1,716

 

 

$

1,758

 

 

$

5,419

 

Operating cash outflows from finance leases

 

 

69

 

 

 

85

 

 

 

44

 

Finance cash flows from finance leases

 

$

 

 

$

 

 

$

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

Operating leases

 

$

965

 

 

$

1,242

 

 

$

8,667

 

Finance leases

 

 

 

 

 

157

 

 

 

117

 

 

 

Supplemental balance sheet information related to operating and finance leases was as follows (in thousands, except lease term and discount rate):

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Reported as:

 

 

 

 

 

 

Other assets

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

6,488

 

 

$

7,176

 

Finance lease right-of-use assets

 

 

77

 

 

 

158

 

Total right-of use assets

 

$

6,565

 

 

$

7,334

 

Accrued and other current liabilities

 

 

 

 

 

 

Operating lease liabilities

 

$

1,595

 

 

$

1,504

 

Finance lease liabilities

 

 

71

 

 

 

84

 

Warranty reserve and other long-term liabilities

 

 

 

 

 

 

Operating lease liabilities

 

 

5,576

 

 

 

5,946

 

Finance lease liabilities

 

 

28

 

 

 

77

 

Total lease liabilities

 

$

7,270

 

 

$

7,611

 

Weighted average remaining lease term (years)

 

 

 

 

 

 

Operating leases

 

 

4

 

 

 

5

 

Finance leases

 

 

2

 

 

 

2

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

8.16

%

 

 

7.75

%

Finance leases

 

 

6.90

%

 

 

6.15

%

 

As of December 31, 2021, maturities of the Company’s operating and finance lease liabilities are as follows (in thousands):

 

Period

 

Operating leases

 

 

Finance leases

 

 

Total

 

2022

 

$

2,184

 

 

$

63

 

 

$

2,247

 

2023

 

 

2,269

 

 

 

38

 

 

 

2,307

 

2024

 

 

1,818

 

 

 

3

 

 

 

1,821

 

2025

 

 

898

 

 

 

 

 

 

898

 

2026

 

 

852

 

 

 

 

 

 

852

 

2027

 

 

586

 

 

 

 

 

 

586

 

Total lease payments

 

$

8,607

 

 

$

104

 

 

$

8,711

 

Less imputed interest

 

 

1,436

 

 

 

5

 

 

 

1,441

 

Total lease liabilities

 

$

7,171

 

 

$

99

 

 

$

7,270