Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Operating lease assets and liabilities

Leased assets and liabilities included within the consolidated balance sheets consist of the following:

	Classification	December 31, 2021		December 31, 2020
		(dollars in thousands)
Right-of-Use-Assets
Operating	Operating Leases	$	9,776	$	10,415
Liabilities
Current
Operating	Other accrued liabilities	$	1,812	$	2,309
Non-current
Operating	Other long term liabilities	8,648		8,911
Total lease liabilities		$	10,460	$	11,220

Schedule of operating lease liability maturity

Maturity of the Company’s lease liabilities as of December 31, 2021 is as follows:

	Estimated Future Lease Liability Maturities
	(dollars in thousands)
2022	$	2,426
2023	1,756
2024	1,669
2025	1,660
2026	1,471
Thereafter	4,225
Total lease payments	13,207
Less: interest	2,747
Present value of lease payments	$	10,460

Lease remaining term and discount rate

Remaining lease term and discount rates are as follows:

	December 31, 2021		December 31, 2020
Weighted average remaining lease term (years)	7		7
Weighted average discount rate	6.52	%	6.39	%

Lease costs included in cash flow statement

Lease costs included in the consolidated statements of cash flows are as follows:

	Twelve Months Ended December 31, 2021		Twelve Months Ended December 31, 2020
	(dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	2,981	$	3,335