Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

Leases The Company leases office and manufacturing facilities under non-cancelable operating leases expiring at various dates through September 2028. In October 2021, the Company entered into a lease agreement commencing on April 1, 2022 for a term of 65 months through August 31, 2027. Some of the Company’s leases include one or more options to renew, with renewal terms that if exercised by the Company, extend the lease term from one to six years. The exercise of these renewal options is at the Company’s discretion. The Company’s lease agreements do not contain any material terms and conditions of residual value guarantees or material restrictive covenants. The Company’s short-term leases and sublease income were not material.

The components of lease expenses for were as follows (in thousands):

	Three Months Ended
	March 31, 2022		March 31, 2021
Operating lease cost	$	1,116	$	1,174
Variable lease cost	385		459
Total operating lease cost	$	1,501	$	1,633

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

	Three Months Ended
	March 31, 2022		March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases included in operating activities	$	(1,314)	$	(1,219)
Right of use assets obtained in exchange for lease obligations:
Operating leases	5,746		2,876

Supplemental balance sheet information related to leases was as follows (in thousands):

	March 31, 2022		December 31, 2021
Operating leases:
Operating lease right-of-use assets	$	14,005	$	9,145
Operating lease liabilities:
Operating lease liabilities, current	$	5,079	$	4,735
Operating lease liabilities, non-current	10,102		5,768
Total operating lease liabilities	$	15,181	$	10,503

Weighted average remaining terms were as follows (in years):

	March 31, 2022	December 31, 2021
Weighted average remaining lease term
Operating leases	3.97	2.95

Weighted average discount rates were as follows:

	March 31, 2022		December 31, 2021
Weighted average discount rate
Operating leases	3.62	%	2.80	%

Maturities of lease liabilities were as follows (in thousands):

	Operating Leases
Year Ending December 31,
2022 (remaining nine months)	$	3,993
2023	4,591
2024	2,373
2025	2,351
2026	1,795
2027	1,231
Thereafter	800
Total lease payments	17,134
Less: imputed interest	(1,953)
Total leases liabilities	$	15,181

Leases

Leases The Company leases office and manufacturing facilities under non-cancelable operating leases expiring at various dates through September 2028. In October 2021, the Company entered into a lease agreement commencing on April 1, 2022 for a term of 65 months through August 31, 2027. Some of the Company’s leases include one or more options to renew, with renewal terms that if exercised by the Company, extend the lease term from one to six years. The exercise of these renewal options is at the Company’s discretion. The Company’s lease agreements do not contain any material terms and conditions of residual value guarantees or material restrictive covenants. The Company’s short-term leases and sublease income were not material.

The components of lease expenses for were as follows (in thousands):

	Three Months Ended
	March 31, 2022		March 31, 2021
Operating lease cost	$	1,116	$	1,174
Variable lease cost	385		459
Total operating lease cost	$	1,501	$	1,633

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

	Three Months Ended
	March 31, 2022		March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases included in operating activities	$	(1,314)	$	(1,219)
Right of use assets obtained in exchange for lease obligations:
Operating leases	5,746		2,876

Supplemental balance sheet information related to leases was as follows (in thousands):

	March 31, 2022		December 31, 2021
Operating leases:
Operating lease right-of-use assets	$	14,005	$	9,145
Operating lease liabilities:
Operating lease liabilities, current	$	5,079	$	4,735
Operating lease liabilities, non-current	10,102		5,768
Total operating lease liabilities	$	15,181	$	10,503

Weighted average remaining terms were as follows (in years):

	March 31, 2022	December 31, 2021
Weighted average remaining lease term
Operating leases	3.97	2.95

Weighted average discount rates were as follows:

	March 31, 2022		December 31, 2021
Weighted average discount rate
Operating leases	3.62	%	2.80	%

Maturities of lease liabilities were as follows (in thousands):

	Operating Leases
Year Ending December 31,
2022 (remaining nine months)	$	3,993
2023	4,591
2024	2,373
2025	2,351
2026	1,795
2027	1,231
Thereafter	800
Total lease payments	17,134
Less: imputed interest	(1,953)
Total leases liabilities	$	15,181