Leases (Tables)

9 Months Ended

Sep. 30, 2022

The components of lease expense consists of the following:


	For the Three Months Ended				For the Nine Months Ended
$'s in 000's	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Finance lease cost
Amortization of right-of-use assets	$	455	$	412	$	1,438	$	1,781
Interest on lease liabilities	64		63		185		277
Operating lease cost	1,509		1,435		4,823		4,059
Variable lease cost(1)	280		363		1,061		978
Short-term lease cost	5		4		18		10
Sublease income	(65)		(65)		(195)		(173)
Total lease cost	$	2,248	$	2,212	$	7,330	$	6,932

(1)Variable lease cost primarily relates to percentage rent, common area maintenance, property taxes, and insurance on leased real estate.

Other information related to leases was as follows as of:


	September 30, 2022	September 30, 2021
Weighted-average remaining lease term (years)
Operating leases	3.42	4.01
Finance leases	2.00	2.50
Weighted-average discount rate
Operating leases	4.5%	5.0%
Finance leases	4.5%	4.7%

Annual future commitments under non-cancelable leases as of September 30, 2022, consist of the following:


	Lease Obligations
$'s in 000's	Operating Leases		Finance Leases
Remainder of 2022	$	1,796	$	407
2023	7,190		1,702
2024	5,665		622
2025	4,639		239
2026	2,288		79
Thereafter	179		—
Total minimum future obligations	$	21,758	$	3,049
Less interest	(1,487)		(145)
Present value of net future minimum obligations	20,271		2,904
Less current lease obligations	(6,266)		(1,423)
Long-term lease obligations	$	14,005	$	1,481


	For the Nine Months Ended
$'s in 000's	September 30, 2022		September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	185	$	277
Operating cash flows from operating leases	4,945		3,928
Financing cash flows from finance leases	1,097		1,573
(Noncash) right-of-use assets obtained in exchange for lease obligations
Operating leases	3,864		4,828
Finance leases	59		141