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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Maturities of Lease Liabilities Under Operating and Finance Leases

The maturities of lease liabilities under our operating and finance leases as of June 30, 2022 were as follows:

 

 

Operating Leases

 

Finance Leases

 

Years Ending December 31,

 

(in thousands)

 

2022

 

$

8,641

 

 

$

658

 

2023

 

 

17,900

 

 

 

1,250

 

2024

 

 

18,035

 

 

 

1,242

 

2025

 

 

17,880

 

 

 

1,263

 

2026

 

 

16,557

 

 

 

1,285

 

Thereafter

 

 

21,409

 

 

 

436

 

Total lease payments

 

$

100,422

 

 

$

6,134

 

Less: amount representing interest

 

 

(25,754

)

 

 

(1,329

)

Present value of lease liabilities

 

$

74,668

 

 

$

4,805

 

 

 

 

 

 

 

 

Balance as of June 30, 2022

 

 

 

 

 

 

Other current liabilities

 

$

10,669

 

 

$

839

 

Operating lease liabilities - long-term

 

 

63,999

 

 

 

 

Other long-term liabilities

 

 

 

 

 

3,966

 

Total

 

$

74,668

 

 

$

4,805

 

Components of Lease Cost

The components of lease cost were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

 

 

 

 

(in thousands)

 

Operating lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

4,299

 

 

$

749

 

 

$

5,646

 

 

$

1,498

 

Short-term lease cost

 

 

41

 

 

 

202

 

 

 

267

 

 

 

427

 

Total operating lease cost

 

$

4,340

 

 

$

951

 

 

$

5,913

 

 

$

1,925

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

$

286

 

 

$

63

 

 

$

343

 

 

$

128

 

Interest on lease liabilities

 

 

129

 

 

 

8

 

 

 

133

 

 

 

18

 

Total finance lease cost

 

$

415

 

 

$

71

 

 

$

476

 

 

$

146

 

Summary of Other Information Related to Leases

Other information related to leases was as follows:

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands, except lease term and discount rate)

 

Supplemental Cash Flows Information

 

 

 

 

 

 

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

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

6,372

 

 

$

1,580

 

Operating cash flows for finance leases

 

 

133

 

 

 

18

 

Financing cash flows for finance leases

 

 

190

 

 

 

130

 

 

 

 

 

 

 

 

Operating lease assets obtained in exchange for lease obligations:

 

$

50,779

 

 

$

 

Finance lease assets obtained in exchange for lease obligations:

 

 

4,795

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

Operating leases

 

6.4 years

 

 

9.2 years

 

Finance leases

 

4.7 years

 

 

1.3 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

9.9

%

 

 

10.3

%

Finance leases

 

 

10.4

%

 

 

9.7

%