Operating Leases

6 Months Ended

Jun. 30, 2023

The Company has various operating leases for fulfillment and corporate facilities with lease periods expiring between fiscal years 2025 and 2027. The operating lease agreements provide for rental payments on a graduated basis and for options to renew, which could increase future minimum lease payments if exercised. The Company utilizes the reasonably certain threshold criteria in determining which options it will exercise.

For the three months ended June 30, 2023 and 2022, the Company recorded operating lease costs of $0.6 million and $0.5 million, respectively, including variable operating lease costs of $0.1 million in each period. For the six months ended June 30, 2023 and 2022, the Company recorded operating lease costs of $1.2 million and $0.9 million, respectively, including variable operating lease costs of $0.2 million and $0.1 million, respectively.

For the six months ended June 30, 2023 and 2022, operating cash flows used for operating leases were $0.9 million and $0.8 million, respectively. As of June 30, 2023, the weighted average remaining lease term and weighted average discount rate was 2.8 years and 5.2%, respectively.

Future minimum lease payments under the Company's non-cancelable operating leases with an initial lease term in excess of one year subsequent to June 30, 2023 are as follows (in thousands):


The remainder of 2023	$	1,004
2024	2,114
2025	1,642
2026	523
2027	259
Gross lease payments	5,542
Less: imputed interest	(451)
Present value of net future minimum lease payments	$	5,091

As of June 30, 2023, the present value of net future minimum lease payments of $5.1 million is recorded as operating lease liabilities: (i) $1.8 million within current liabilities; and (ii) $3.3 million within long-term liabilities on the condensed consolidated balance sheet.