LEASES

12 Months Ended

Dec. 31, 2022

The Company has lease arrangements related to office space, warehouse and production space, and land to facilitate agricultural operations. The leases have remaining lease terms of less than 0.2 years to 12.2 years, some of which include options to extend the leases for up to 5 years. Generally, the lease agreements do not include options to terminate the lease.

The weighted average remaining lease term was 10.0 years for operating leases as of December 31, 2022. The weighted average discount rate was 5.5% for operating leases as of December 31, 2022.

The components of lease cost, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, for the years ended December 31, 2022 and 2021 are as follows:


	Year Ended December 31,
	2022		2021
Operating Lease Cost:
Fixed lease cost	$	2,074	$	2,969
Variable lease cost	1,572		1,512
Total lease cost	$	3,646	$	4,481

Sublease income	940		724

Other information related to leases was as follows:


	Year Ended December 31,
	2022		2021
Supplemental Cash Flow Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,471	$	3,528
Right-of-use assets obtained in exchange of lease obligations:
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—	$	2,350

Maturities of operating lease liabilities as of December 31, 2022 are as follows:


	Operating Leases
Year Ending December 31:
2023	$	3,368
2024	3,205
2025	2,896
2026	2,172
2027	1,847
Thereafter	13,698
Total lease obligation	$	27,186
Less: Imputed interest	(6,975)
Total lease liabilities	$	20,211
Less: Current lease liabilities	2,306
Total non-current lease liabilities	$	17,905

During the year ended December 31, 2022, the Company made the decision to cease utilizing the Denver office space and plans to sublease the office space at current market rents. Based on an analysis of the estimated undiscounted cash flows relative to a potential sublease arrangement, the Company evaluated the recoverability of the assets associated with the subleased space, including, the right-of-use asset and concluded the asset was impaired.

The Company recorded an impairment charge of $1,837 within goodwill and asset impairments in the consolidated statements of operations as of December 31, 2022. There were no such impairments for the year ended December 31, 2021.