XML 53 R37.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Lease, Cost
The components of lease expense were as follows for the year ended December 31, 2022:
(in thousands)Year Ended December 31, 2022
Operating lease costs:$6,002 
Finance lease costs:
Amortization of ROU asset$62 
Interest expense$
Other lease costs:
Short-term lease costs$362 
Variable lease costs$967 
Total lease costs$7,401 
The following table provides certain cash flow and supplemental noncash information related to the Company's lease liabilities for the year ended December 31, 2022.
(in thousands)Year Ended December 31, 2022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
  Operating cash payment from operating leases$5,342 
  Financing cash payments for finance leases73 
Lease liabilities arising from obtaining right-of-use assets:
  Operating leases$30,800 
  Finance leases203 
Summary of Lessee, Operating Lease, Liability, Maturity
The aggregate future lease payments for the Company's leases in years subsequent to December 31, 2022 are as follows:
(in thousands)Operating LeasesFinance Leases
2023$6,637 $84 
20246,202 77 
20255,576 42 
20264,834 39 
20273,877 29 
Thereafter 4,600 — 
Total future lease payment$31,726 $271 
Less: amount representing interest (4,168)(30)
Present value of future lease payment (lease liability)$27,558 $241 
Reported as:
Lease liabilities, current$5,498 $72 
Lease liabilities, noncurrent22,060 169 
Total lease liabilities $27,558 $241 
Summary of Finance Lease, Liability, Fiscal Year Maturity
The aggregate future lease payments for the Company's leases in years subsequent to December 31, 2022 are as follows:
(in thousands)Operating LeasesFinance Leases
2023$6,637 $84 
20246,202 77 
20255,576 42 
20264,834 39 
20273,877 29 
Thereafter 4,600 — 
Total future lease payment$31,726 $271 
Less: amount representing interest (4,168)(30)
Present value of future lease payment (lease liability)$27,558 $241 
Reported as:
Lease liabilities, current$5,498 $72 
Lease liabilities, noncurrent22,060 169 
Total lease liabilities $27,558 $241 
Summary of Weighted Average Discount Rates
The following table provides the weighted average remaining lease terms and weighted average discount rates for the Company's leases as of December 31, 2022:
December 31, 2022
Weighted-average remaining lease term (in years)
Operating 5.32
Finance 3.75
Weighted-average discount rate
Operating4.94 %
Finance6.02 %
Schedule of Future Minimum Lease Payments for Capital Leases
As of December 31, 2021, future minimum lease payments under noncancellable operating leases (with initial or remaining lease terms in excess of one year) and future minimum capital lease payments were:
(in thousands)Capital leases Operating leases
Year ending December 31:
2022$37 $4,263 
202337 3,946 
202429 3,291 
2025— 2,718 
2026— 1,954 
Thereafter— 1,044 
Total minimum lease payments$103 $17,216 
Less: amount representing interest (6% interest rate)
(7)
Present value of net minimum capital lease payments$96 
Less current installments of obligations under capital leases(33)
Obligations under capital leases, excluding current installments$63 
Schedule of Future Minimum Rental Payments for Operating Leases
As of December 31, 2021, future minimum lease payments under noncancellable operating leases (with initial or remaining lease terms in excess of one year) and future minimum capital lease payments were:
(in thousands)Capital leases Operating leases
Year ending December 31:
2022$37 $4,263 
202337 3,946 
202429 3,291 
2025— 2,718 
2026— 1,954 
Thereafter— 1,044 
Total minimum lease payments$103 $17,216 
Less: amount representing interest (6% interest rate)
(7)
Present value of net minimum capital lease payments$96 
Less current installments of obligations under capital leases(33)
Obligations under capital leases, excluding current installments$63