LEASES (Tables)

6 Months Ended

Jun. 30, 2022

The components of lease expense were as follows:


(in thousands)	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Operating lease costs	$	1,393	$	2,649
Variable lease costs	745		1,500
Short-term lease costs	373		706

Finance lease cost
Amortization of right-of-use assets	89		178
Interest on lease liabilities	7		13
Total lease expense	$	2,607	$	5,046

The table below presents additional information related to our leases as of June 30, 2022:


(in thousands)	Six Months Ended June 30, 2022
Supplemental cash flow information and non-cash activity:
Cash paid for amounts related to lease liabilities:
Operating cash flows from finance leases (interest)	$	13
Operating cash flows from operating leases	$	3,145
Financing cash flows from finance leases (principal payments)	$	160
Operating lease assets obtained in exchange for lease liabilities	$	2,490

Weighted Average Remaining Lease Term (in years):
Operating leases	4.8
Finance leases	2.1

Weighted Average Discount Rate:
Operating leases	3.7		%
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 June 30, 2022:


(in thousands)	Operating Leases		Finance Leases
For the six months ending December 31, 2022	$	3,402	$	315
2023	6,846		368
2024	6,085		138
2025	4,558		89
2026	2,741		—
Thereafter	4,471		—
Total	$	28,103	$	910
Less: amounts representing interest	$	(2,707)	$	(43)
Net present value of lease obligations	$	25,396	$	867

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 June 30, 2022:


(in thousands)	Operating Leases		Finance Leases
For the six months ending December 31, 2022	$	3,402	$	315
2023	6,846		368
2024	6,085		138
2025	4,558		89
2026	2,741		—
Thereafter	4,471		—
Total	$	28,103	$	910
Less: amounts representing interest	$	(2,707)	$	(43)
Net present value of lease obligations	$	25,396	$	867

Assets And Liabilities, Lessee

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


(in thousands)	Classification	June 30, 2022
Assets
Operating lease assets	Right-of-use assets	$	19,943
Finance lease assets	Property and equipment	866
Total lease assets		$	20,809

Liabilities
Current liabilities
Operating lease liabilities	Operating lease liabilities	$	5,916
Finance lease liabilities	Finance lease obligations	555
Non-current liabilities
Operating lease liabilities	Operating lease liabilities	19,480
Finance lease liabilities	Finance lease obligations	312
Total lease liabilities		$	26,263