LEASES (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Lease, Cost

The components of lease expense were as follows:

(in thousands)	Three Months Ended March 31, 2022
Operating lease costs	$	1,246
Variable lease costs	760
Short-term lease costs	326
Finance lease cost
Amortization of right-of-use assets	89
Interest on lease liabilities	6
Total lease expense	$	2,427

The table below presents additional information related to our leases as of March 31, 2022:

(in thousands)	Three Months Ended March 31, 2022
Supplemental cash flow information and non-cash activity:
Cash paid for amounts related to lease liabilities:
Operating cash flows from finance leases (interest)	$	6
Operating cash flows from operating leases	$	1,541
Financing cash flows from finance leases (principal payments)	$	86
Weighted Average Remaining Lease Term (in years):
Operating leases	4.7
Finance leases	2.3
Weighted Average Discount Rate:
Operating leases	4.1		%
Finance leases	3.9		%

Lessee, Operating Lease, Liability, Maturity

The table below summarizes our scheduled future minimum lease payments under operating and finance leases, recorded on the condensed consolidated balance sheet as of March 31, 2022:

(in thousands)	Operating Leases		Finance Leases
For the nine months ending December 31, 2022	$	4,852	$	397
2023	6,469		368
2024	5,694		139
2025	4,150		89
2026	2,316		—
Thereafter	3,297		—
Total	$	26,778	$	993
Less: amounts representing interest	$	(2,550)	$	(52)
Net present value of lease obligations	$	24,228	$	941

Finance Lease, Liability, Fiscal Year Maturity

The table below summarizes our scheduled future minimum lease payments under operating and finance leases, recorded on the condensed consolidated balance sheet as of March 31, 2022:

(in thousands)	Operating Leases		Finance Leases
For the nine months ending December 31, 2022	$	4,852	$	397
2023	6,469		368
2024	5,694		139
2025	4,150		89
2026	2,316		—
Thereafter	3,297		—
Total	$	26,778	$	993
Less: amounts representing interest	$	(2,550)	$	(52)
Net present value of lease obligations	$	24,228	$	941

Assets And Liabilities, Lessee

The following table presents the balances for operating and finance right-of-use assets and lease liabilities:

(in thousands)	Classification	March 31, 2022
Assets
Operating lease assets	Right-of-use assets	$	18,574
Finance lease assets	Property and equipment	940
Total lease assets		$	19,514
Liabilities
Current liabilities
Operating lease liabilities	Operating lease liabilities	$	5,605
Finance lease liabilities	Finance lease obligations	501
Non-current liabilities
Operating lease liabilities	Operating lease liabilities	18,623
Finance lease liabilities	Finance lease obligations	440
Total lease liabilities		$	25,169